§ 3502. — Civil penalty.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 7USC3502]
TITLE 7--AGRICULTURE
CHAPTER 66--AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE
Sec. 3502. Civil penalty
(a) If the Secretary determines that a person--
(1) has failed to submit a report in accordance with the
provisions of section 3501 of this title, or
(2) has knowingly submitted a report under section 3501 of this
title--
(A) which does not contain all the information required to
be in such report, or
(B) which contains information that is misleading or false,
such person shall be subject to a civil penalty imposed by the
Secretary. The amount of any such civil penalty shall be determined
in accordance with the provisions of subsection (b) of this section.
Any such civil penalty shall be recoverable in a civil action
brought by the Attorney General of the United States in an
appropriate district court of the United States.
(b) The amount of any civil penalty imposed by the Secretary under
subsection (a) of this section shall be such amount as the Secretary
determines to be appropriate to carry out the purposes of this chapter,
except that such amount shall not exceed 25 percent of the fair market
value, on the date of the assessment of such penalty, of the interest in
agricultural land with respect to which such violation occurred.
(Pub. L. 95-460, Sec. 3, Oct. 14, 1978, 92 Stat. 1265.)
