Search Results for keywords:"2015 Act"

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Search Results: keywords:"2015 Act"

  • Type:Rule
    Citation:90 FR 6806
    Reading Time:about 13 minutes

    The Department of Education has issued new regulations to adjust penalties for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. These adjustments affect various fines related to educational institutions and government interactions, such as failure to report information or improper lobbying. The changes, effective January 21, 2025, are calculated using a set multiplier for inflation and will impact penalties assessed after this date for violations occurring post-November 2, 2015. The adjustments ensure the penalties continue to serve their deterrent purpose without being subject to a public comment period, as allowed by the law.

    Simple Explanation

    The Department of Education decided to raise the fines they give when someone breaks certain rules, to make sure these fines still make people follow the rules. They used some special math to figure out how much to raise them, and these new fines will start on January 21, 2025.

  • Type:Rule
    Citation:86 FR 2527
    Reading Time:about 4 minutes

    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.

    Simple Explanation

    The people in charge of the United States' money rules decided to change some fines to keep up with changing prices, kind of like when candy costs more over time. They based the new amounts on how prices have changed since 2015, but they didn't tell everyone exactly how much the fines are in this document.

  • Type:Rule
    Citation:90 FR 3693
    Reading Time:about 7 minutes

    The Department of Defense has issued a final rule to adjust its civil monetary penalties (CMPs) for inflation. This adjustment is mandated by laws such as the Federal Civil Penalties Inflation Adjustment Act, which requires that penalties be increased annually to reflect changes in the consumer price index since 2015. The rule, effective January 15, 2025, applies to penalties assessed after the effective date but does not carry significant costs or impact small entities or governments. It ensures the penalties remain a deterrent and that the Department follows statutory requirements without needing public notice or comments.

    Simple Explanation

    The Department of Defense has made a new rule to change how much people have to pay when they break certain rules, just like how a store raises prices of toys when they get more expensive. This change happens every year to keep up with how much things cost, so people still find it important to follow the rules.