Search Results for keywords:"Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015"

The Surface Transportation Board has issued a final rule to adjust civil monetary penalties for inflation, as mandated by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This rule is effective from January 14, 2021, and the adjustments are based on changes in the Consumer Price Index. The decision to implement this without a public comment period is due to the lack of discretion allowed by Congress in setting penalty levels, which are determined by a statutory formula. The rule does not impose any new information collection requirements.

The U.S. Department of the Interior has announced a final rule to adjust civil penalties for inflation under the Native American Graves Protection and Repatriation Act. These adjustments are required annually by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 and are intended to maintain the effectiveness of penalties. The rule updates specific penalty amounts and applies to violations of Federal civil statutes. No public comment period or prior notice was required for this adjustment.

The Merit Systems Protection Board (MSPB) issued a final rule to adjust civil monetary penalties (CMPs) for 2021. This adjustment follows the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, which mandates annual inflation-based updates to penalties. For 2021, the penalties for certain violations are increased to a maximum of $1,125, rounded from a calculated amount based on an inflation multiplier. The adjustments ensure penalties maintain their deterrent effect and will be applied starting February 2, 2021.

The Securities and Exchange Commission (SEC) published a notice to adjust civil monetary penalties for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This annual adjustment considers inflation changes measured by the Consumer Price Index for Urban Consumers (CPI-U) and applies to penalties under several acts, including the Securities Act of 1933 and the Sarbanes-Oxley Act. These new penalty amounts are effective from January 15, 2021, for violations occurring after November 2, 2015. The updated amounts are published in the Federal Register and on the SEC's website.

The National Endowment for the Humanities (NEH) announced the adjusted maximum and minimum civil penalties for violating its New Restrictions on Lobbying. These adjustments are required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The new penalties, effective from January 15, 2021, to January 14, 2022, range from a minimum of $20,731 to a maximum of $207,314. The adjustments ensure that the penalty amounts keep pace with inflation, as mandated by the 2015 Act.

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.

The Securities and Exchange Commission (SEC) published a notice to adjust civil monetary penalties for inflation as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. These adjustments apply to penalties under the Securities Act, the Exchange Act, the Investment Company Act, and part of the Sarbanes-Oxley Act. The new amounts were calculated using a percentage change between the Consumer Price Index for October 2023 and October 2024 and will be effective from January 15, 2025. This update ensures penalties keep pace with inflation and remain effective deterrents.

The Board of Governors of the Federal Reserve System has issued a final rule to adjust the amounts of civil money penalties to account for inflation as mandated by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. These adjustments are based on the change in the Consumer Price Index and are applied to penalties assessed on or after January 13, 2021, for violations occurring on or after November 2, 2015. The rule bypasses the usual requirements for public notice and commentary due to provisions in the 2015 Act, and it does not involve any collection of information that would necessitate paperwork under the Paperwork Reduction Act.

The Federal Maritime Commission issued a final rule to adjust for inflation the civil monetary penalties they assess, following the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This rule requires agencies to announce these adjustments by January 15 every year and is based on changes in the consumer price index. The adjustment process is not required to follow certain procedural steps like public notice or comment, and the rule will not have significant economic impacts. Additionally, the rule doesn’t involve any new collection of information from the public.

The Bureau of Land Management (BLM) has issued a final rule to adjust civil monetary penalties for onshore oil and gas operations and coal trespass due to inflation. This update, effective January 17, 2025, follows the requirements of the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The rule does not allow for public comment due to its non-discretionary nature, and it outlines increases in specific monetary penalties to maintain their deterrent effect. The adjustments are calculated using a multiplier based on the change in the Consumer Price Index from October 2023 to October 2024.