Type:Rule
Citation:86 FR 7804
Reading Time:about 8 minutes
The Department of State issued a final rule to update the civil monetary penalties (CMP) it imposes due to inflation, following guidance from the Office of Management and Budget. This adjustment is based on the Federal Civil Penalties Inflation Adjustment Act and requires annual modifications. The new penalties will affect various parts of the department's regulations, such as fraud, chemical weapons, arms exports, and lobbying activities and will apply to offenses assessed from February 2, 2021, onward.
Simple Explanation
The Department of State is updating some of the fines it charges to keep up with rising prices, like growing a plant when it gets more water. These new fines will only count for things that happen from February 2, 2021, and forward.