The U.S. Department of Labor is updating the civil monetary penalties it can impose, based on inflation, as part of the Federal Civil Penalties Inflation Adjustment Act. This requires an annual review and adjustment of penalty amounts to ensure they keep pace with inflation. These updates are set to take effect on January 15, 2021, and apply to penalties assessed after this date. Different divisions within the Department, such as Occupational Safety and Health Administration and Mine Safety and Health Administration, are involved in overseeing these changes, which aim to maintain their deterrent effect.
Simple Explanation
The U.S. Department of Labor is making sure fines they give out to people who break rules keep up with rising prices, like how toys get more expensive each year, so the new penalty amounts will start on January 15, 2021.