Type:Rule
Citation:90 FR 3041
Reading Time:about 5 minutes
The Surface Transportation Board issued a final rule to update its civil monetary penalties by accounting for inflation, as required by federal law. This annual adjustment, effective January 14, 2025, follows a specific calculation method and does not allow for public comment because the Board is following a mandated federal formula. The rule applies only to violations occurring after the regulation's effective date. It also clarifies that the Board has no authority to adjust criminal penalties for inflation.
Simple Explanation
The Surface Transportation Board has changed the fines for breaking certain rules to keep up with rising prices. They didn't ask for people’s opinions on the changes because they have to follow government instructions.