Search Results for keywords:"Civil Monetary Penalty"

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.

The NCUA Board has finalized a rule to adjust the maximum amounts of civil monetary penalties (CMPs) it can impose, based on inflation, as mandated by the Federal Civil Penalties Inflation Adjustment Act. These adjustments, which must be made annually, are calculated by comparing the consumer price index for previous years. The new rule takes effect immediately upon publication and applies to penalties assessed for violations from November 2, 2015, onward. The adjustments are largely technical and do not require public notice or comment.

The Federal Energy Regulatory Commission is releasing a final rule to update regulations on the maximum civil monetary penalties for breaking laws under its control. This change is in line with the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, which requires annual inflation adjustments. The rule outlines how to calculate the new adjusted penalties, which will take effect immediately upon publication in the Federal Register. The Commission asserts that public notice and comment were not needed due to legal obligations dictating both the method and amount of these adjustments.

The Department of Homeland Security (DHS) issued a final rule to adjust civil monetary penalties for inflation, effective January 2, 2025. These adjustments are in line with the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 and guidance from the Office of Management and Budget. This rule increases penalty amounts for violations occurring after November 2, 2015, and applies to various DHS components like the U.S. Customs and Border Protection, U.S. Immigration and Customs Enforcement, and the Coast Guard. The updated penalty amounts are designed to maintain their deterrent effect and comply with mandatory legislative requirements.

The National Credit Union Administration (NCUA) is updating its rules to increase the maximum civil monetary penalties to keep up with inflation, as required by several laws. These adjustments are made to ensure that penalties are effective and reflect current economic conditions. The adjustments will be effective immediately and apply to violations occurring from November 2, 2015, onwards. This rule change doesn't require public comment because it's mainly a technical update in line with legal requirements.

The National Transportation Safety Board (NTSB) has issued a final rule to adjust the civil penalties they can impose for regulatory violations, in compliance with the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The rule, effective January 11, 2021, adjusts the maximum penalty for certain violations from $1,722 to $1,742, based on the 2021 cost-of-living adjustment multiplier provided by the Office of Management and Budget (OMB). This adjustment ensures penalties keep pace with inflation. The adjustment is not a significant regulatory action and does not impose new reporting requirements.

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 Office of Natural Resources Revenue (ONRR), part of the Interior Department, announced a final rule to adjust civil monetary penalties for inflation, effective January 10, 2025. This adjustment follows the Federal Civil Penalties Inflation Adjustment Act and annual guidance from the Office of Management and Budget (OMB). The rule updates the penalty amounts under the Federal Oil and Gas Royalty Management Act, ensuring consistency with inflation. It does not introduce significant economic changes or impose new burdens on the public.