Search Results for keywords:"Consumer Price Index for All Urban Consumers"

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Search Results: keywords:"Consumer Price Index for All Urban Consumers"

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  • 2021-01576 — Rules of Practice and Procedure; Civil Money Penalty Inflation Adjustment
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    Type:Rule
    Citation:86 FR 7493
    Reading Time:about 10 minutes

    The Federal Housing Finance Agency (FHFA) has issued a final rule to adjust civil money penalties for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act. This rule is applied to various penalties under FHFA’s purview, including those related to flood insurance and program fraud. The adjustments are calculated based on changes in the Consumer Price Index for All Urban Consumers (CPI-U). The adjustments are mandated by law, and the FHFA has determined it does not need to seek public comments on this rule.

    Simple Explanation

    The Federal Housing Finance Agency made a new rule to adjust money penalties (fines) that they oversee, to keep up with how prices change over time, like keeping a balloon filled with air as it stretches. These changes happen because the law says they must, and they didn't ask people for their opinions this time.

  • 2025-00401 — Civil Penalties Adjustment for 2025
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    Type:Rule
    Citation:90 FR 2636
    Reading Time:about 10 minutes

    The National Endowment for the Arts (NEA) has issued a final rule to adjust the maximum civil monetary penalties for specific violations to account for inflation, in compliance with the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. Effective January 13, 2025, these adjustments apply to penalties under the Program Fraud Civil Remedies Act and Restrictions on Lobbying. The penalties are calculated based on a specific Consumer Price Index for All Urban Consumers (CPI-U) multiplier. This rule ensures that the penalties remain effective deterrents without any need for public comment, as established by the requirements of the 2015 Act.

    Simple Explanation

    The National Endowment for the Arts is updating how much people might have to pay if they break certain rules, like telling lies or trying to secretly influence the government, to make sure the amounts are fair and still make people follow the rules. They're using a special math tool that counts how money changes over time to decide these amounts, so people and organizations know there are big reasons to play fair.