Search Results for keywords:"civil monetary penalties"

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.

The Financial Crimes Enforcement Network (FinCEN), part of the Treasury Department, published a final rule to update civil monetary penalties (CMPs) to account for inflation as required by law. This update is in line with the Federal Civil Penalties Inflation Adjustment Act, which mandates annual adjustments to ensure the penalties maintain their deterrent effect. The rule applies to penalties assessed after its effective date, January 28, 2021, and does not require a public comment period because the adjustments are routine calculations.

The Federal Maritime Commission has issued a final rule to adjust civil monetary penalties for inflation. This adjustment is required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The new penalty amounts are calculated using a formula based on changes in the consumer price index. This rule takes effect on January 15, 2025, and does not require a public comment period due to exemptions from certain rulemaking procedures.

The U.S. Nuclear Regulatory Commission (NRC) is updating its regulations to increase the maximum fines it can impose for violations. These changes are required by a federal law that adjusts penalties for inflation. For violations of the Atomic Energy Act, the penalty will increase from $362,814 to $372,240 per violation, per day. Additionally, for false claims under the Program Fraud Civil Remedies Act, the penalty will increase from $13,946 to $14,308. These new penalties take effect on January 15, 2025.

The U.S. Department of Labor issued a final rule to adjust civil monetary penalties for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act. This rule, effective January 15, 2025, ensures that penalties keep up with inflation, applying a cost-of-living adjustment multiplier based on changes in the Consumer Price Index. The adjustments apply to penalties assessed after the effective date, maintaining the penalties' deterrent effect. This regulation does not consider public comments due to the non-discretionary nature of the inflation adjustments mandated by the Act.

The Department of State issued a final rule to adjust civil monetary penalties (CMP) across several regulatory areas, including fraud, chemical weapons, arms control, and lobbying. The adjustments align with annual inflation guidelines set by the Office of Management and Budget based on a December 2024 cost-of-living adjustment multiplier. These new penalty amounts will apply to violations occurring on or after the rule's effective date, January 10, 2025. The rule ensures penalties keep up with inflation, following mandates from recent legislation and guidelines.

The Department of Energy (DOE) has issued a final rule to adjust its civil monetary penalties (CMPs) for inflation, following the Federal Civil Penalties Inflation Adjustment Act of 1990 and its 2015 amendments. This adjustment ensures the penalties remain effective deterrents by increasing them to the maximum level prescribed by the law. The updated penalties use a multiplier, based on the Consumer Price Index, to calculate the rise for the year 2025. These changes will apply to violations assessed after the rule's effective date of December 27, 2024.

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 Department of the Treasury's Office of Investment Security has updated the maximum civil monetary penalties linked to the Outbound Investment Security Program. These updates are part of an annual inflation adjustment required by law and will be effective until January 14, 2026. The new maximum penalty for violations is $377,700 or twice the amount of the transaction involved, whichever is greater. These changes are mandated by the Federal Civil Penalties Inflation Adjustment Act, with the specific multiplier for 2025 being 1.02598.

The Environmental Protection Agency (EPA) has issued a final rule to adjust the maximum and minimum civil monetary penalties to keep pace with inflation, as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990 and its 2015 amendments. This move is part of an ongoing effort to maintain the deterrent impact of penalties and ensure compliance with laws. The adjustments, effective January 8, 2025, are made annually without requiring public feedback or notice and are based on a specific formula tied to the Consumer Price Index. The changes do not establish specific penalties for cases, as these are determined by the EPA considering the details of each case.