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Code · CFR · Title 12 — Banks and Banking · Part 264b — Rules Regarding Foreign Gifts and Decorations · § 264b.9

§ 264b.9. Enforcement.

104 words·~1 min read·/us/cfr/t12/s§ 264b.9·

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(a)The Administrative Governor, after consultation with the General Counsel, must report to the Attorney General cases in which there is reason to believe that a Board employee has violated the Act.
(b)The Attorney General may bring a civil action in any district court of the United States against a Board employee who knowingly solicits or accepts a gift from a foreign government in violation of the Act, or who fails to deposit or report such a gift as required by the Act. The court may assess a maximum penalty of the retail value of a gift improperly solicited or received plus $5,000.
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