Search Results for keywords:"civil monetary penalties"

The Federal Energy Regulatory Commission has issued a final rule to update the maximum civil monetary penalties for violating laws and regulations under its authority. This adjustment is required by the Federal Civil Penalties Inflation Adjustment Act, which mandates annual updates to account for inflation. The rule comes into effect on January 14, 2025, and is being implemented without the usual notice and comment process due to legal requirements. The updated penalties apply to acts governed by the Federal Power Act, Natural Gas Policy Act, Natural Gas Act, and Interstate Commerce Act, among others.

The Federal Maritime Commission issued a final rule to adjust for inflation the civil monetary penalties they assess, following the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This rule requires agencies to announce these adjustments by January 15 every year and is based on changes in the consumer price index. The adjustment process is not required to follow certain procedural steps like public notice or comment, and the rule will not have significant economic impacts. Additionally, the rule doesn’t involve any new collection of information from the public.

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.