Search Results for keywords:"Biggert-Waters Flood Insurance Reform Act"

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Search Results: keywords:"Biggert-Waters Flood Insurance Reform Act"

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  • 2021-02870 — Technical Mapping Advisory Council; Meeting
    Type:Notice
    Citation:86 FR 9358
    Reading Time:about 4 minutes

    The Federal Emergency Management Agency (FEMA) will have a virtual meeting of the Technical Mapping Advisory Council (TMAC) on March 1 and 2, 2021. This meeting is open to the public through a Zoom link, and people can participate by registering in advance via email. During the meeting, TMAC will vote on their final report and introduce tasks for 2021, among other agenda items. The public can comment during designated times and access meeting materials beforehand on FEMA's website.

    Simple Explanation

    FEMA is having a big online meeting, and people can watch it on their computers, but they need to tell FEMA first that they want to join. At the meeting, some very smart people will talk about important things they will do this year to help with maps, and other people can say what they think too.

  • 2021-01796 — Rules of Practice and Procedure; Adjusting Civil Money Penalties for Inflation
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    Type:Rule
    Citation:86 FR 7235
    Reading Time:about 10 minutes

    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.

    Simple Explanation

    The Farm Credit Administration changed the fine amounts for breaking certain rules to keep them fair and updated with money value changes; now, if someone breaks the rules, they have to pay $2,395 or $2,252, depending on what they did wrong.

  • 2025-00963 — Rules of Practice and Procedure; Adjusting Civil Money Penalties for Inflation
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    Type:Rule
    Citation:90 FR 3617
    Reading Time:about 10 minutes

    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.

    Simple Explanation

    The Farm Credit Administration has made some money fines bigger, like, if someone breaks a rule, they have to pay more money to keep the rules important. They did this because prices keep going up, just like when your favorite toy costs more now than before.