Search Results for keywords:"penalty deterrence"

Found 2 results

Search Results: keywords:"penalty deterrence"

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  • 2024-31310 — Civil Monetary Penalty Adjustments for Inflation
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    Type:Rule
    Citation:89 FR 106308
    Reading Time:about 16 minutes

    The Department of Commerce has issued a final rule to adjust civil monetary penalties (CMPs) for inflation as mandated by federal law. This rule applies to CMPs with specific dollar amounts and is set to become effective on January 15, 2025. The adjustments are based on the Consumer Price Index changes from October 2023 to October 2024, ensuring that penalties keep their deterrence value. These changes apply only to penalties assessed after the rule's effective date and do not involve prior public notice or comment since the adjustments follow a prescribed methodology.

    Simple Explanation

    The government has a rule to make sure fines stay strong even when prices go up. They change the fines every year so that they are fair and still make people think twice before breaking the rules.

  • 2025-00513 — Adjustments to Civil Monetary Penalty Amounts
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    Type:Notice
    Citation:90 FR 2767
    Reading Time:about 8 minutes

    The Securities and Exchange Commission (SEC) published a notice to adjust civil monetary penalties for inflation as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. These adjustments apply to penalties under the Securities Act, the Exchange Act, the Investment Company Act, and part of the Sarbanes-Oxley Act. The new amounts were calculated using a percentage change between the Consumer Price Index for October 2023 and October 2024 and will be effective from January 15, 2025. This update ensures penalties keep pace with inflation and remain effective deterrents.

    Simple Explanation

    The SEC is making their penalty amounts bigger because prices go up each year. These bigger penalties will start on January 15, 2025, to make sure people follow the rules.