Search Results for keywords:"Penalty Effectiveness"

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Search Results: keywords:"Penalty Effectiveness"

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  • 2025-01060 — Annual Adjustment of Civil Monetary Penalty To Reflect Inflation
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    Type:Rule
    Citation:90 FR 5605
    Reading Time:about 5 minutes

    The National Indian Gaming Commission is updating its rules to adjust civil monetary penalties for inflation, as required by a 2015 federal law. This adjustment aims to keep penalties effective and ensure they still act as a deterrent. The new penalty amount of $65,655 will apply starting January 15, 2025. The adjustments are routine, and the rule change won't significantly impact small businesses or other major aspects of the economy or government operations.

    Simple Explanation

    The National Indian Gaming Commission is making sure that fines keep up with inflation so they continue to be a good way to stop rule-breaking. Starting January 15, 2025, the fine will be $65,655, and this change is something they do every year to stay fair and effective.

  • 2021-01413 — Annual Adjustment of Civil Monetary Penalty To Reflect Inflation
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    Type:Rule
    Citation:86 FR 7646
    Reading Time:about 5 minutes

    In compliance with the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, the National Indian Gaming Commission (NIGC) is updating its rules to adjust civil monetary penalties for inflation. These changes are designed to ensure penalties remain effective and serve as a deterrent. For 2021, the cost-of-living adjustment multiplier is 1.01182, raising the maximum penalty from $53,524 to $54,157 per violation. This adjustment applies to penalties assessed after February 1, 2021.

    Simple Explanation

    The National Indian Gaming Commission is updating its rules to make sure the money penalties for breaking the rules keep up with inflation, just like prices at the store go up. So now, if someone breaks the gaming rules, they could pay a fine that's a little higher than last year.