Title I, SEC. 1330. PROHIBITION AGAINST SELF-DEALING AND CONFLICTS OF INTEREST. 
      (a) Promulgation of Standards. The Board shall promulgate standards of 
    conduct in accordance with subsection (b) for any administrator, officer, 
    trustee, fiduciary, custodian, counsel, agent, or employee of any regional 
    alliance. 

      (b) Requirements for Standards. The standards of conduct shall referred 
    to in subsection (a) shall set forth 

        (1) the types of investment interests, ownership interests, 
      affiliations or other employment that would be improper for an individual 
      described in subsection (a) to hold during the time of the individual's 
      service or employment with an alliance; and 

        (2) the circumstances that will constitute impermissible conflicts of 
      interest or self-dealing by such employees in performing their official 
      duties and functions for any regional alliance. 

      (c) Civil Monetary Penalty. Any individual who engages in an activity 
    that the individual knows or has reason to know is in violation of the 
    regulations and standards promulgated by the Board pursuant to paragraphs 
    (a) and (b) shall be subject, in addition to any other penalties that may 
    be prescribed by law, to a civil money penalty of not more than $10,000 for 
    each such violation.