Page:United States Statutes at Large Volume 83.djvu/406

This page needs to be proofread.
[83 STAT. 378]
[83 STAT. 378]
PUBLIC LAW 91-000—MMMM. DD, 1969

378

PUBLIC LAW 91-151-DEC. 23, 1969

[83 STAT.

(10) prescribe maximum ratios, applicable to any class of either creditors or borrowers or both, of loans of one or more types or of all types ^A) to deposits of one or more types or of all types. (B) to assets of one or more types or of all types. (11) prohibit or limit any extensions of credit under any circumstances the Board deems appropriate. Sec. 207. Reports Reports concerning the kinds, amounts, and characteristics of any extensions of credit subject to this title, or concerning circumstances related to such extensions of credit, shall be filed on such forms, under oath or otherwise, at such times and from time to time, and by such persons, as the Board may prescribe by regulation or order as necessary or appropriate for enabling the Board to perform its functions under this title. The Board may require any person to furnish, under oath or otherwise, complete information relative to any transaction within the scope of this title including the production of any books of account, contracts, letters, or other papers, in connection therewith in the custody or control of such person. Sec. 208. Injunctions Whenever it appears to the Board that any person has engaged, is engaged, or is about to engage in any acts or practices constituting a violation of any regulation under this title, it may in its discretion bring an action, in the proper district court of the United States or the proper United States court of any territory or other place subject to the jurisdiction of the United States, to enjoin such acts or practices, and upon a proper showing a permanent or temporary injunction or restraming order shall be granted w ithout bond. Upon application of Ihe Board, any such court may also issue mandatory injunctions commanding any person to comply with any regulation of the Board under this title. Sec. 209. Civil penalties (a) For each willful violation of any regulation under this title, the Board may assess upon any person to which the regulation applies, and upon any partner, director, officer, or employee thereof who willfully participates in the violation, a civil penalty not exceeding $1,000. (b) In the event of the failure of any person to pay any penalty assessed under this section, a civil action for the recovery thereof may, in the discretion of the Board, be brought in the name of the United States, Sec. 210. Criminal penalty Whoever willfully violates any regulation under this title shall be fined not more than $1,000 or imprisoned not more than one year, or both. TITLE III—SMALL B U S I N E S S ADMINISTRATION ACTIVITY

80 Stat. 132. Report to Congress.

SEC. 301. The Small Business Administration shall promptly increase the level of its financing functions utilizing the business loan and investment fund established under section 4(c)(1)(B) of the Small Business Act (15 U.S.C. 633 (c)(1)(B)) by $70,000,000 above the level prevailing at the time of enactment of this Act. The Small Business Administration shall submit to Congress a monthly report of its implementation of this section. Approved December 23, 1969.