Type:Rule
Citation:90 FR 5580
Reading Time:about 9 minutes
The Federal Trade Commission (FTC) is updating its civil penalties to adjust for inflation, as required by law. These changes increase the maximum fines for violations of various acts, such as the Clayton Act and the FTC Act, and will take effect on January 17, 2025. The adjustments follow a cost-of-living formula and apply to fines assessed after the effective date. These updates fulfill an annual requirement under the Federal Civil Penalties Inflation Adjustment Act of 2015.
Simple Explanation
The Federal Trade Commission is making sure that the fines people pay when they break certain rules are kept up-to-date with money value changes over time. This means the fines might be higher to keep up with how money's value changes every year.