Search Results for keywords:"OMB guidance"

Found 4 results

Search Results: keywords:"OMB guidance"

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  • 2021-00932 — Civil Monetary Penalty Inflation Adjustment
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    Type:Rule
    Citation:86 FR 7797
    Reading Time:about 5 minutes

    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.

    Simple Explanation

    The government made a new rule to slightly increase the fines people have to pay when they break certain rules, so that the fines still feel like a "big deal" and stop others from breaking the rules too. This change is like using a price tag that keeps up with money getting "less big" over time because things cost more now!

  • 2024-28864 — Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
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    Type:Rule
    Citation:89 FR 99695
    Reading Time:about 6 minutes

    The U.S. Agency for Global Media (USAGM) has implemented the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards based on guidance from the Office of Management and Budget (OMB). This final rule aims to integrate these standards into USAGM's regulations, aligning with OMB policy updates and enhancing transparency and efficiency in managing federal financial assistance. The rule is compliant with various legislative and executive requirements, including the Paperwork Reduction Act and Executive Orders on regulation review, and is effective as of December 11, 2024.

    Simple Explanation

    The U.S. Agency for Global Media has decided to use a set of rules to make sure they spend money from the government carefully and avoid mistakes. These rules will help them follow new and updated advice from another group to keep everything clear and organized.

  • 2024-30260 — HUD's Implementation of OMB's Guidance for Federal Financial Assistance
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    Type:Proposed Rule
    Citation:89 FR 107072
    Reading Time:about 2 hours

    The U.S. Department of Housing and Urban Development (HUD) is proposing changes to its regulations to align with the updated guidance from the Office of Management and Budget (OMB). These changes would update cross-references, implement new rules for loan guarantee programs, and attempt to streamline and clarify requirements for recipients of federal financial assistance. HUD also seeks to better align specific programs like the Housing Trust Fund program with these updates, aiming to reduce administrative burdens and improve efficiency in managing federal financial assistance.

    Simple Explanation

    HUD wants to update its rules to match new government guidance so it's easier for people and groups to understand and follow them, kind of like making sure everyone uses the same map to find their way. This will help make things smoother for them to give out money and support, while also making sure small groups can easily join in too.

  • 2025-00374 — Notification of Inflation Adjustments for Civil Money Penalties
    Type:Rule
    Citation:90 FR 1848
    Reading Time:about 3 minutes

    The Office of the Comptroller of the Currency (OCC) announced adjustments to its maximum civil money penalties to account for inflation. These changes are in line with the Federal Civil Penalties Inflation Adjustment Act of 1990, updated by the Improvements Act of 2015. The updates apply to penalties assessed starting January 10, 2025, for violations occurring on or after November 2, 2015. The OCC used guidance from the Office of Management and Budget to apply the inflation multiplier required for the adjustment.

    Simple Explanation

    The government is making sure the fines people pay when they break certain money rules keep up with rising prices, like when things get more expensive over time. Starting January 2025, they'll use new numbers to figure out how much money people have to pay if they break the rules.