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e-CFR data is current as of July 13, 2020

Title 12Chapter IISubchapter APart 264b → §264b.9


Title 12: Banks and Banking
PART 264b—RULES REGARDING FOREIGN GIFTS AND DECORATIONS


§264b.9   Enforcement.

(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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