Search Results for keywords:"Penalty Inflation Adjustment"

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Search Results: keywords:"Penalty Inflation Adjustment"

  • Type:Notice
    Citation:89 FR 106609
    Reading Time:about a minute or two

    The National Science Foundation (NSF) has announced new maximum amounts for civil monetary penalties, which will start on January 15, 2025. These adjustments are based on the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, and follow a cost-of-living increase set by recent guidance. The penalty for standard violations under the Antarctic Conservation Act has been adjusted to $21,568, while knowing violations will be penalized with up to $36,498. For violations under the Program Fraud Civil Remedies Act, the maximum penalty is now $14,308.

    Simple Explanation

    The National Science Foundation is saying that starting on January 15, 2025, if someone breaks certain rules, the money they have to pay can be a little more because of inflation. For some rules, breaking them can cost up to $21,568, or more, and other types can cost up to $36,498 and $14,308, depending on how bad the rule-breaking is.