Search Results for keywords:"penalty adjustment"

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Search Results: keywords:"penalty adjustment"

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  • 2025-00912 — Civil Monetary Penalty Inflation Adjustment-Alcoholic Beverage Labeling Act
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    Type:Rule
    Citation:90 FR 4634
    Reading Time:about 5 minutes

    The Alcohol and Tobacco Tax and Trade Bureau has announced an increase in the maximum penalty for violations of the Alcoholic Beverage Labeling Act (ABLA) from $25,561 to $26,225 due to inflation. This adjustment is part of a regular update required by the Federal Civil Penalties Inflation Adjustment Act, aiming to keep penalties effective and properly reflect their deterrent impact. The new penalty amount takes effect on January 16, 2025, and applies to any violations assessed after that date. For more details, readers can visit the Bureau's updated web page.

    Simple Explanation

    The government is making the fine for breaking the rules about labels on alcoholic drinks a bit bigger because things get more expensive over time. From now on, if someone breaks these rules, they might have to pay up to $26,225 instead of $25,561.

  • 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.

  • 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!

  • 2021-00297 — Adjustment of Civil Penalties for Inflation
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    Type:Rule
    Citation:86 FR 2541
    Reading Time:about 4 minutes

    The Pension Benefit Guaranty Corporation (PBGC) has issued a final rule to adjust the maximum civil penalties for inflation, as required by federal law. These adjustments, effective January 13, 2021, apply to penalties related to failure to provide certain required notices under the Employee Retirement Income Security Act (ERISA). The maximum penalty under ERISA section 4071 is now $2,259, and the maximum under section 4302 is $301. This change is part of an annual process to ensure penalties keep pace with inflation.

    Simple Explanation

    The Pension Benefit Guaranty Corporation updated some rules so that if someone doesn't send important papers like they're supposed to, they might have to pay more money, because as time goes on, things cost more, just like how candy can get more expensive each year.