12 CFR § 264b.9 - Enforcement.

---
identifier: "/us/cfr/t12/s264b.9"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 264b.9 - Enforcement."
title_number: 12
title_name: "Banks and Banking"
section_number: "264b.9"
section_name: "Enforcement."
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "A"
subchapter_name: "BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM"
part_number: "264b"
part_name: "RULES REGARDING FOREIGN GIFTS AND DECORATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 552, 7342; 12 U.S.C. 248(i)."
regulatory_source: "68 FR 68721, Dec. 10, 2003, unless otherwise noted."
cfr_part: "264b"
---


# 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.