Search Results for keywords:"Cost-of-Living Adjustment"

Found 2 results

Search Results: keywords:"Cost-of-Living Adjustment"

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  • 2024-31368 — Civil Monetary Penalties Annual Inflation Adjustments
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    Type:Rule
    Citation:90 FR 210
    Reading Time:about 8 minutes

    The Federal Election Commission is updating the financial penalties they impose to keep up with inflation, as required by law. This affects fines under several election-related acts, including penalties for late or missing reports. The adjustments are calculated using a specific formula linked to the Consumer Price Index and will be applied to fines assessed from January 3, 2025. The Commission does not need to follow usual procedural requirements because these updates are mandated by Congress with no room for policy changes.

    Simple Explanation

    The Federal Election Commission is updating the money fines for breaking election rules to keep up with price changes, starting January 2025. They do this because it's required by law and use a special formula based on how much things cost now.

  • 2021-01413 — Annual Adjustment of Civil Monetary Penalty To Reflect Inflation
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    Type:Rule
    Citation:86 FR 7646
    Reading Time:about 5 minutes

    In compliance with the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, the National Indian Gaming Commission (NIGC) is updating its rules to adjust civil monetary penalties for inflation. These changes are designed to ensure penalties remain effective and serve as a deterrent. For 2021, the cost-of-living adjustment multiplier is 1.01182, raising the maximum penalty from $53,524 to $54,157 per violation. This adjustment applies to penalties assessed after February 1, 2021.

    Simple Explanation

    The National Indian Gaming Commission is updating its rules to make sure the money penalties for breaking the rules keep up with inflation, just like prices at the store go up. So now, if someone breaks the gaming rules, they could pay a fine that's a little higher than last year.