Bill Would Boost Civil Penalties for Export Control Violations
Reps. Keith Self, R-Texas, and Michael McCaul, R-Texas, introduced a bill Oct. 28 that would increase the civil penalties that may be imposed under the Export Control Reform Act of 2018.
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The legislation would set the fine for each violation at up to $1.2 million or four times the transaction value, whichever is greater. The current fine is up to $300,000 or twice the transaction value, whichever is greater.
The bill was referred to the Foreign Affairs Committee, of which Self and McCaul are both members. The lawmakers' offices didn't say what prompted the introduction of the legislation.