Search Results for keywords:"Civil Monetary Penalties"

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.

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.

The Corporation for National and Community Service, also known as AmeriCorps, has issued a final rule to update the civil monetary penalties in its regulations in line with inflation, following the guidelines set by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The penalties related to Restrictions on Lobbying have been adjusted from a range of $24,497 to $244,957 to a new range of $25,133 to $251,321. Similarly, the penalty under the Program Fraud Civil Remedies Act has been raised from a maximum of $13,946 to $14,308. These changes take effect immediately as of January 14, 2025, without prior public notice or comment due to the non-discretionary nature of the updates.

The Department of Veterans Affairs (VA) has updated its regulations to adjust for inflation the civil monetary penalties under its jurisdiction. This action is aligned with the Federal Civil Penalties Inflation Adjustment Act and is mandatory for ensuring penalties keep their deterrent power. For 2025, the penalties for false certifications related to VA-guaranteed loans have been increased from $27,894 to $28,619, and penalties for false claims to VA have risen from $13,946 to $14,308. The changes take effect on January 10, 2025, and were made without public comments due to the statutory requirements.

The Commodity Futures Trading Commission (CFTC) is updating the rules for civil monetary penalties under the Commodity Exchange Act to account for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act. This update adjusts the maximum fines for violations based on the change in the Consumer Price Index. The new penalties will apply to violations assessed after January 15, 2025. This rule aims to ensure penalties remain effective as deterrents over time and doesn’t require the standard notice and comment process normally needed for new regulations.

The Federal Communications Commission (FCC) has issued a final rule to adjust civil monetary penalties for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This rule is meant to ensure penalties maintain their effectiveness and deterrent effect over time. The adjustments are based on inflation data and will apply to penalties assessed from January 15, 2021, onward. Different types of violations, such as those by broadcasters or common carriers, have specific maximum penalty limits outlined in the rule.

The General Services Administration (GSA) has issued a final rule to adjust civil monetary penalties for inflation, as mandated by several acts including the Federal Civil Penalties Inflation Adjustment Act. This rule mandates annual inflation adjustments to the penalties, starting from January 2026. Penalties for false claims against the government are increased to a maximum of $13,700 per violation. The adjustments are exempt from public notice and comment because they follow specific federal legislative requirements.

The Financial Crimes Enforcement Network (FinCEN), part of the Treasury Department, issued a final rule to adjust certain civil monetary penalties based on inflation, as required by the Federal Civil Penalties Inflation Adjustment Act of 1990. These adjustments are calculated using a specific formula that considers changes in consumer prices, and the updated penalties will apply to violations occurring after the adjustments take effect. This rule does not require public notice or comments, as the changes are mandated by law and involve no new administrative procedures.

The Securities and Exchange Commission (SEC) published a notice to adjust civil monetary penalties for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This annual adjustment considers inflation changes measured by the Consumer Price Index for Urban Consumers (CPI-U) and applies to penalties under several acts, including the Securities Act of 1933 and the Sarbanes-Oxley Act. These new penalty amounts are effective from January 15, 2021, for violations occurring after November 2, 2015. The updated amounts are published in the Federal Register and on the SEC's website.

The Federal Election Commission (FEC) has updated the amounts for civil monetary penalties to adjust for inflation, as required by law. These adjustments are for penalties related to violations of the Federal Election Campaign Act and other related laws. The new penalty amounts, which are calculated using a specified formula, apply to assessments made after January 11, 2021. The adjustments ensure that penalties retain their deterrent effect over time, reflecting changes in the consumer price index.