>The only penalty is denying loans from the Import Export bank.
Liar.
>“(j) Violations of section 8(a).—Whoever knowingly violates or conspires to or attempts to violate any provision of section 8(a) or any regulation, order, or license issued thereunder shall be fined in accordance with section 206 of the International Emergency Economic Powers Act (50 U.S.C. 1705).”.
congress.gov/bill/115th-congress/house-bill/1697/text
>§1705. Penalties
>(a) Unlawful acts
>It shall be unlawful for a person to violate, attempt to violate, conspire to violate, or cause a violation of any license, order, regulation, or prohibition issued under this chapter.
>(b) Civil penalty
>A civil penalty may be imposed on any person who commits an unlawful act described in subsection (a) in an amount not to exceed the greater of-
>(1) $250,000; or
>(2) an amount that is twice the amount of the transaction that is the basis of the violation with respect to which the penalty is imposed.
>(c) Criminal penalty
>A person who willfully commits, willfully attempts to commit, or willfully conspires to commit, or aids or abets in the commission of, an unlawful act described in subsection (a) shall, upon conviction, be fined not more than $1,000,000, or if a natural person, may be imprisoned for not more than 20 years, or both.
>( Pub. L. 95–223, title II, §206, Dec. 28, 1977, 91 Stat. 1628 ; Pub. L. 102–393, title VI, §629, Oct. 6, 1992, 106 Stat. 1773 ; Pub. L. 102–396, title IX, §9155, Oct. 6, 1992, 106 Stat. 1943 ; Pub. L. 104–201, div. A, title XIV, §1422, Sept. 23, 1996, 110 Stat. 2725 ; Pub. L. 109–177, title IV, §402, Mar. 9, 2006, 120 Stat. 243 ; Pub. L. 110–96, §2(a), Oct. 16, 2007, 121 Stat. 1011 .)
uscode.house.gov/view.xhtml?req=(title:50 section:1705 edition:prelim)
