; and (2) certifies to the Secretary that the person understands such obligations. . 6. Post-retirement employment reporting Section 908 of title 37, United States Code, as amended by section 5, is further amended by inserting after subsection (g) the following new subsection: (h) Post-Retirement employment reporting (1) In general During the 5-year period beginning on the date on which a member of the armed forces retires, that member shall— (A) report employment described in subsection (a) to the Secretary concerned upon accepting such employment; and (B) annually (or more frequently if the Secretary concerned considers it appropriate) report such employment to the Secretary concerned. (2) Regulations The Under Secretary of Defense for Personnel and Readiness, in consultation with the Department of Defense Standards of Conduct Office and the Secretaries of the military departments, shall issue regulations requiring, as a condition of service, each member of the armed forces to sign a written agreement requiring the regular reporting of employment described in subsection (a) to the Secretary concerned under paragraph (1). . 7. Penalties Section 908 of title 37, United States Code, as amended by section 6, is further amended by inserting after subsection (h) the following new subsection: (i) Civil penalties (1) In general A person who violates subsection (b), (c), (e), (f), or (h) shall be liable to the United States for a civil penalty in an amount that is not more than the greater of— (A) $100,000; or (B) the amount of compensation that the person received or was offered for the conduct in violation of subsection (b), (c), (e), or (f), or the employment described in subsection (h), as the case may be. (2) Additional penalties In addition to the penalty provided for under paragraph (1), a person who violates subsection (b), (c), (e), or (f) shall, for a period of not longer than five years— (A) be prohibited from accepting employment or compensation or a payment or award from any foreign government