Search Results for keywords:"Federal Civil Penalties Inflation Adjustment Act"

The Department of Energy (DOE) has issued a final rule to adjust its civil monetary penalties (CMPs) for inflation, following the Federal Civil Penalties Inflation Adjustment Act of 1990 and its 2015 amendments. This adjustment ensures the penalties remain effective deterrents by increasing them to the maximum level prescribed by the law. The updated penalties use a multiplier, based on the Consumer Price Index, to calculate the rise for the year 2025. These changes will apply to violations assessed after the rule's effective date of December 27, 2024.

The Environmental Protection Agency (EPA) has issued a final rule to adjust the maximum and minimum civil monetary penalties to keep pace with inflation, as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990 and its 2015 amendments. This move is part of an ongoing effort to maintain the deterrent impact of penalties and ensure compliance with laws. The adjustments, effective January 8, 2025, are made annually without requiring public feedback or notice and are based on a specific formula tied to the Consumer Price Index. The changes do not establish specific penalties for cases, as these are determined by the EPA considering the details of each case.

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 Housing Finance Agency (FHFA) has issued a final rule to adjust civil money penalties for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act. This rule is applied to various penalties under FHFA’s purview, including those related to flood insurance and program fraud. The adjustments are calculated based on changes in the Consumer Price Index for All Urban Consumers (CPI-U). The adjustments are mandated by law, and the FHFA has determined it does not need to seek public comments on this rule.

The Bureau of Indian Affairs, part of the Interior Department, issued a final rule on inflation adjustments for civil monetary penalties, effective January 28, 2021. This rule is part of an annual process mandated by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, which aims to keep penalties effective in deterring violations by adjusting for inflation. Using guidance from the Office of Management and Budget (OMB), the Bureau calculated the 2021 cost-of-living adjustment to be 1.01182%. These updated penalties apply to violations occurring after November 2, 2015.

The National Transportation Safety Board (NTSB) has issued a final rule to update the civil penalties for certain violations based on the Federal Civil Penalties Inflation Adjustment Act of 2015. As of January 16, 2025, the maximum penalty has been increased from $2,058 to $2,111, reflecting adjustments for inflation. The adjustment is calculated using the Consumer Price Index and is applied automatically each year. This rule is not anticipated to have a significant economic impact and follows federal guidelines to ensure compliance and reduce burdens.

The U.S. Department of Transportation (DOT) has issued a final rule to revise civil penalty amounts for violations of various transportation regulations, effective December 30, 2024. These adjustments are required by the Federal Civil Penalties Inflation Adjustment Act and are meant to ensure that penalties maintain their deterrent effect by accounting for inflation. The rule covers a wide array of areas including aviation, hazardous materials, and vehicle safety, among others. The adjustments apply prospectively, meaning they will only affect violations occurring after the rule takes effect.

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 Bureau of Ocean Energy Management (BOEM) has issued a final rule that updates the maximum daily civil penalties for violations related to the Outer Continental Shelf Lands Act (OCSLA) and the Oil Pollution Act of 1990 (OPA). These updates adjust for inflation, applying a 2025 multiplier set at 1.02598, which reflects inflation from October 2023 through October 2024. The adjusted penalties now stand at $55,764 for OCSLA and $59,114 for OPA violations. These changes, effective January 13, 2025, ensure BOEM penalties maintain their deterrent effect and comply with the Federal Civil Penalties Inflation Adjustment Act. The adjustments are automatic and exempt from the usual rulemaking procedures like public commentary.

The U.S. Nuclear Regulatory Commission (NRC) has updated its rules to adjust the maximum fines it can charge for violations. This is required by a law called the Federal Civil Penalties Inflation Adjustment Act, which makes sure penalties keep pace with inflation. Now, fines for breaking the Atomic Energy Act will increase from $303,471 to $307,058 per violation, per day. Additionally, fines related to fraudulent claims under the Program Fraud Civil Remedies Act will rise from $11,665 to $11,803 per false claim or statement.