Search Results for keywords:"Inflation Adjustment"

The National Endowment for the Humanities (NEH) has announced new civil monetary penalties for 2025, reflecting inflation adjustments in compliance with federal law. From January 15, 2025, to January 14, 2026, the fines for violating NEH’s lobbying restrictions will range from $25,132 to $251,322, while penalties for program fraud will have a maximum of $14,308. These adjustments factor in a 2.598% increase in the Consumer Price Index from October 2023 to October 2024. All updated penalties apply to violations occurring after November 2, 2015.

The Social Security Administration (SSA) has updated the maximum civil monetary penalties to account for inflation, as mandated by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. These adjustments are effective from January 15, 2025, through January 14, 2026. For example, the penalty for fraud facilitators in positions of trust will increase from $9,704 to $9,956, and for violative broadcasts, the penalty will rise from $63,991 to $65,653. The SSA uses the October Consumer Price Index and guidance from the Office of Management and Budget to calculate these annual updates.

The Farm Credit Administration (FCA) has implemented a rule to adjust civil money penalties (CMPs) for inflation. This adjustment is required annually by law to maintain the penalties' effectiveness as a deterrent. The penalties are related to violations under the Farm Credit Act and the Flood Disaster Protection Act. The new penalty amounts are $2,395 for certain violations of the Farm Credit Act and $2,252 for flood insurance-related violations, effective from January 15, 2021. These changes do not require public notice or comments because they are mandatory and noncontroversial.

The Department of Veterans Affairs (VA) has updated its regulations to adjust for inflation the civil monetary penalties under its jurisdiction. This action is aligned with the Federal Civil Penalties Inflation Adjustment Act and is mandatory for ensuring penalties keep their deterrent power. For 2025, the penalties for false certifications related to VA-guaranteed loans have been increased from $27,894 to $28,619, and penalties for false claims to VA have risen from $13,946 to $14,308. The changes take effect on January 10, 2025, and were made without public comments due to the statutory requirements.

The NCUA Board has finalized a rule to adjust the maximum amounts of civil monetary penalties (CMPs) it can impose, based on inflation, as mandated by the Federal Civil Penalties Inflation Adjustment Act. These adjustments, which must be made annually, are calculated by comparing the consumer price index for previous years. The new rule takes effect immediately upon publication and applies to penalties assessed for violations from November 2, 2015, onward. The adjustments are largely technical and do not require public notice or comment.

The Corporation for National and Community Service, also known as AmeriCorps, has issued a final rule to update the civil monetary penalties in its regulations in line with inflation, following the guidelines set by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The penalties related to Restrictions on Lobbying have been adjusted from a range of $24,497 to $244,957 to a new range of $25,133 to $251,321. Similarly, the penalty under the Program Fraud Civil Remedies Act has been raised from a maximum of $13,946 to $14,308. These changes take effect immediately as of January 14, 2025, without prior public notice or comment due to the non-discretionary nature of the updates.

The Financial Crimes Enforcement Network (FinCEN), part of the Treasury Department, issued a final rule to adjust certain civil monetary penalties based on inflation, as required by the Federal Civil Penalties Inflation Adjustment Act of 1990. These adjustments are calculated using a specific formula that considers changes in consumer prices, and the updated penalties will apply to violations occurring after the adjustments take effect. This rule does not require public notice or comments, as the changes are mandated by law and involve no new administrative procedures.

The Department of Education has issued new regulations to adjust penalties for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. These adjustments affect various fines related to educational institutions and government interactions, such as failure to report information or improper lobbying. The changes, effective January 21, 2025, are calculated using a set multiplier for inflation and will impact penalties assessed after this date for violations occurring post-November 2, 2015. The adjustments ensure the penalties continue to serve their deterrent purpose without being subject to a public comment period, as allowed by the law.

The U.S. Office of Government Ethics has issued a final rule to adjust the civil monetary penalties related to the Ethics in Government Act, following the guidelines of the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This rule updates the penalty amounts based on inflation, using a specific formula, to maintain their deterrent effect. The penalties for various violations have been increased slightly, such as those related to financial disclosures and breaches of trust, and these changes apply to penalties assessed after January 15, 2021. The adjustments help ensure that monetary penalties keep up with the cost of living over time.

The Farm Credit Administration has introduced a final rule adjusting civil money penalties (CMPs) for inflation, in line with the Federal Civil Penalties Inflation Adjustment Act of 1990, as updated. This adjustment ensures that penalties retain their deterrent effect and compliance is maintained with the Farm Credit Act and Flood Disaster Protection Act. The new maximum daily penalties for specific violations have been increased, such as $2,904 for violating a final order and $1,313 for breaching the Farm Credit Act, effective January 15, 2025. These changes, driven by mandatory annual updates, aim to keep CMPs in line with inflation without needing a public comment process.