Page:RESTRICT Act (S. 686, as introduced).pdf/42

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tion or directive issued under this Act shall notify the Department of Commerce or the relevant executive department or agency, in writing, of any change of any material fact or intention from that previously represented, stated, or certified, immediately upon receipt of any information that would lead a reasonably prudent person to know that a change of material fact or intention had occurred or may occur in the future.

(b) Civil Penalties.—The Secretary may impose the following civil penalties on a person for each violation by that person of this Act or any regulation, order, direction, mitigation measure, prohibition, or other authorization issued under this Act:

(1) A fine of not more than $250,000 or an amount that is twice the value of the transaction that is the basis of the violation with respect to which the penalty is imposed, whichever is greater.

(2) Revocation of any mitigation measure or authorization issued under this Act to the person.

(c) Criminal Penalties.—

(1) In general.—A person who willfully commits, willfully attempts to commit, or willfully conspires to commit, or aids or abets in the commission