Search Results for keywords:"penalty enforcement"

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Search Results: keywords:"penalty enforcement"

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  • 2021-00897 — Annual Adjustment of Civil Monetary Penalties To Reflect Inflation-2021
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    Type:Rule
    Citation:86 FR 7802
    Reading Time:about 8 minutes

    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.

    Simple Explanation

    The rules for how much money people have to pay as a penalty when they break certain laws are being updated to keep up with inflation. This change helps ensure that these penalties are still a good way to stop people from breaking the rules.

  • 2021-01578 — Rules of Practice and Procedure; Adjusting Civil Money Penalties for Inflation
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    Type:Rule
    Citation:86 FR 8854
    Reading Time:about 5 minutes

    The Farm Credit System Insurance Corporation (FCSIC) has issued a final rule to update the civil money penalties they can impose, adjusting them for inflation. This adjustment is required by a 2015 law that aims to keep penalties effective by considering inflation. The regulation specifies that for any violations related to the Farm Credit Act, fines can increase to a maximum of $217 per day. The new penalty rates will apply to violations assessed on or after January 15, 2021, for conduct dating back to November 2, 2015.

    Simple Explanation

    The Farm Credit System Insurance Corporation has updated their money penalties to keep up with price changes over time. Now, if someone breaks the rules, they might have to pay up to $217 each day, starting from things they did wrong back in late 2015.

  • 2021-00582 — Civil Penalty Adjustments for 2021
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    Type:Notice
    Citation:86 FR 3215
    Reading Time:about 2 minutes

    The National Endowment for the Humanities (NEH) announced the adjusted maximum and minimum civil penalties for violating its New Restrictions on Lobbying. These adjustments are required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The new penalties, effective from January 15, 2021, to January 14, 2022, range from a minimum of $20,731 to a maximum of $207,314. The adjustments ensure that the penalty amounts keep pace with inflation, as mandated by the 2015 Act.

    Simple Explanation

    The National Endowment for the Humanities (NEH) makes some fines bigger every year to keep up with money changes over time, just like how candy costs more now than it did in the past. If someone breaks their new rules about not spending money to try to change laws, they might have to pay a fine between about $21,000 and $207,000.