The National Transportation Safety Board (NTSB) has issued a final rule to update the civil penalties for certain violations based on the Federal Civil Penalties Inflation Adjustment Act of 2015. As of January 16, 2025, the maximum penalty has been increased from $2,058 to $2,111, reflecting adjustments for inflation. The adjustment is calculated using the Consumer Price Index and is applied automatically each year. This rule is not anticipated to have a significant economic impact and follows federal guidelines to ensure compliance and reduce burdens.
Simple Explanation
The National Transportation Safety Board is updating fines for breaking certain rules to keep up with rising prices. This means that if someone breaks these rules, they might have to pay a little more money now compared to last year.