Sec. 9. Penalties
252 words·~1 min read·
/bill/118/hr/8741/ih/section-9A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It shall be unlawful for a person to violate, attempt to violate, conspire to violate, or cause a violation of any regulation, order, direction, prohibition, or other authorization or directive issued under this Act. A person who willfully commits, willfully attempts to commit, or willfully conspires to commit, or aids and abets in the commission of a violation of subsection
(a)shall be fined not more than $1,000,000 for each violation, imprisoned for not more than 20 years, or both. The Secretary may impose the following civil penalties on a person for each violation by that person of a rule promulgated under this section: A fine that is the greater of— $300,000; or an amount that is twice the value of the action that is the basis of the violation with respect to which the penalty is imposed. Revocation of any mitigation measure or authorization issued under this Act to the person. A prohibition or other restriction on the ability of the person to engage in any transaction or class of transactions covered by this Act. Any civil penalty imposed under subsection
(c)may be imposed only pursuant to a rule promulgated under this section. The Secretary may, by rule, provide standards for establishing levels of civil penalty under subsection
(c)based upon factors, including— the seriousness of the violation; the culpability of the violator, including any pattern of reckless behavior; and any mitigating factors, such as the record of cooperation of the violator with the Federal Government in disclosing the violation.