Search Results for keywords:"economic changes"

Found 2 results

Search Results: keywords:"economic changes"

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  • 2025-00775 — Rules of Practice and Procedure; Civil Money Penalty Inflation Adjustment
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    Type:Rule
    Citation:90 FR 4607
    Reading Time:about 10 minutes

    The Federal Housing Finance Agency (FHFA) has issued a final rule to update the rules for civil money penalties by adjusting them for inflation. This adjustment is in line with the Federal Civil Penalties Inflation Adjustment Act, ensuring penalties stay current with economic changes. The new penalty amounts will be effective from January 16, 2025, and apply to violations occurring on or after January 15, 2025. The FHFA will calculate penalties on a case-by-case basis, using a formula tied to changes in the Consumer Price Index, and these updates are mandated by law.

    Simple Explanation

    The Federal Housing Finance Agency is changing some money rules to make sure fines keep up with price changes over time, like when toys get more expensive. They want fines for bad actions to be fair and not get left behind as things cost more in the world.

  • 2024-31570 — Defense Federal Acquisition Regulation Supplement: Inflation Adjustment of Acquisition-Related Thresholds (DFARS Case 2024-D002)
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    Type:Proposed Rule
    Citation:90 FR 5799
    Reading Time:about 19 minutes

    The Department of Defense (DoD) is proposing changes to the Defense Federal Acquisition Regulation Supplement (DFARS) to adjust acquisition-related dollar thresholds for inflation, using the Consumer Price Index. This adjustment is set to occur every five years, but excludes certain statutes like the Davis-Bacon Act and trade agreements thresholds. The proposed rule aims to maintain current regulations by reflecting economic changes, ensuring that thresholds keep pace with inflation, and is not expected to significantly affect the public or small businesses. Comments on these proposed changes are invited until March 18, 2025, and further details are available on the regulations.gov portal.

    Simple Explanation

    The Department of Defense wants to make sure that the rules about how much money can be spent on certain projects stay fair as prices go up over time, just like how your allowance might be adjusted for inflation. They want people to share their thoughts on this change until March 18, 2025.