Search Results for keywords:"Consumer Price Index"

The U.S. Department of Labor's Employee Benefits Security Administration granted an exemption allowing the Associated General Contractors of America, San Diego Chapter, Inc. to lease its training facility to its Apprenticeship and Training Fund under specific conditions. The agreement ensures the Plan pays fair market rent, verified by an independent fiduciary, and that the lease benefits participants by providing effective training facilities. The fiduciary also monitors compliance with the lease terms and any rent increases must adhere to changes in the Consumer Price Index. This exemption is designed to avoid conflicts with ERISA's prohibited transaction rules.

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 Department of Labor is seeking public feedback on an information collection request about the Consumer Price Index Housing Survey. This request, backed by the Bureau of Labor Statistics, is being submitted to the Office of Management and Budget for approval. The survey helps gather essential data to calculate the Consumer Price Index, which measures inflation and is used to adjust dollar values. Individuals and households are primarily involved in this survey, and comments can be submitted until April 7, 2025.

The Department of Health and Human Services (HHS) has updated the poverty guidelines to reflect a 1.2% increase in prices from 2019 to 2020, as measured by the Consumer Price Index. These guidelines help determine eligibility for federal programs like Medicaid. In some cases, due to adjustments in the formula, the guidelines may remain the same as the previous year despite inflation changes. The guidelines are mandated by law and are published annually by HHS, not the Office of Management and Budget (OMB), as some might mistakenly believe.

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.

The Federal Housing Finance Agency (FHFA) has announced an adjustment to the cap on average total assets to determine if a Federal Home Loan Bank member qualifies as a "community financial institution" (CFI). This cap has been set at $1.5 billion, reflecting a 2.7% increase based on changes in the Consumer Price Index for all urban consumers (CPI-U) from November 2023 to November 2024. This adjustment, effective from January 1, 2025, allows CFI status to be determined using unadjusted CPI-U data, as it is less prone to revisions than adjusted data.

The Department of Commerce has issued a final rule to adjust civil monetary penalties (CMPs) for inflation, effective January 15, 2021. This adjustment is required by the Federal Civil Penalties Inflation Adjustment Act and aims to ensure the penalties continue to serve as a deterrent. The changes will only apply to penalties with a specific dollar amount and will affect those assessed after the effective date. The penalties are adjusted based on the cost-of-living increase from October 2019 to October 2020.

The Judicial Conference of the United States has announced that certain dollar amounts related to bankruptcy cases in the United States Code will be adjusted due to changes in the Consumer Price Index for All Urban Consumers. These changes will take effect on April 1, 2025, and will apply to many sections of titles 11 and 28 that deal with bankruptcy law. The adjustments are based on a three-year period ending before January 1, 2025, and will be rounded to the nearest $25. Additionally, several Official Bankruptcy Forms and Director's Forms will also be updated to reflect these new dollar amounts.

The Commodity Futures Trading Commission (CFTC) has issued a final rule to adjust the maximum amount of civil monetary penalties (CMPs) for inflation under the Commodity Exchange Act (CEA). This annual adjustment is required by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended, and ensures that penalties maintain their deterrent effect over time. The rule applies to penalties assessed after January 15, 2021, and is based on the percentage change in the Consumer Price Index. This adjustment process is exempt from the typical notice and comment procedures under the Administrative Procedure Act.

The National Endowment for the Arts (NEA) is adjusting the maximum civil monetary penalties (CMPs) according to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. These adjustments ensure that penalties for violations of the Program Fraud Civil Remedies Act (PFCRA) and Restrictions on Lobbying continue to reflect inflation and maintain their deterrent effect. The new penalties are based on the Consumer Price Index and are effective for violations assessed after January 15, 2021. The inflation-adjusted penalties are now set at $11,802 for false claims under the PFCRA and range from $20,720 to $207,314 for lobbying restrictions violations.