Search Results for keywords:"Penalty Calculation"

The Federal Election Commission is updating the financial penalties they impose to keep up with inflation, as required by law. This affects fines under several election-related acts, including penalties for late or missing reports. The adjustments are calculated using a specific formula linked to the Consumer Price Index and will be applied to fines assessed from January 3, 2025. The Commission does not need to follow usual procedural requirements because these updates are mandated by Congress with no room for policy changes.

The U.S. Department of Energy has issued a final rule that updates civil monetary penalties (CMPs) for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act. The increase applies to penalties within the DOE's jurisdiction, ensuring that CMPs retain their deterrent effect. The adjustment, calculated based on changes in the Consumer Price Index, becomes effective on January 14, 2021. This rule complies with federal regulations and has been reviewed to ensure it does not impose new information collection requirements or significant adverse effects on energy supply.