It's also your job to punish failure and merely "not re-electing" them is a pretty weak gesture, honestly.
These people ignored the law, destroyed the man's business, and handed the assets over to a foreign government who will never return them. How about I kick in your door in the middle of the night, steal all your assets and hand them over to the Chinese government and say it's punishment for all the slave labor that goes into producing half the goods you and your family use to survive?
Sorry, but I think it's time some people were very publicly named, shamed and imprisoned for not only their failure to follow the law, but the misinterpretation of it in the first place.
Public service is a privilege and the failure to properly exercise that privilege should, by definition, come with a higher punishment than standard crimes.