Search Results for keywords:"Deterrent Effect"

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Search Results: keywords:"Deterrent Effect"

  • Type:Rule
    Citation:86 FR 7646
    Reading Time:about 5 minutes

    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.

    Simple Explanation

    The National Indian Gaming Commission is updating its rules to make sure the money penalties for breaking the rules keep up with inflation, just like prices at the store go up. So now, if someone breaks the gaming rules, they could pay a fine that's a little higher than last year.

  • Type:Rule
    Citation:90 FR 5605
    Reading Time:about 5 minutes

    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.

    Simple Explanation

    The National Indian Gaming Commission is making sure that fines keep up with inflation so they continue to be a good way to stop rule-breaking. Starting January 15, 2025, the fine will be $65,655, and this change is something they do every year to stay fair and effective.

  • Type:Rule
    Citation:86 FR 2953
    Reading Time:about 18 minutes

    The U.S. Department of Energy has issued a final rule that updates civil monetary penalties (CMPs) for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act. The increase applies to penalties within the DOE's jurisdiction, ensuring that CMPs retain their deterrent effect. The adjustment, calculated based on changes in the Consumer Price Index, becomes effective on January 14, 2021. This rule complies with federal regulations and has been reviewed to ensure it does not impose new information collection requirements or significant adverse effects on energy supply.

    Simple Explanation

    The rule from the Department of Energy is like adjusting the price tags on fines to keep them strong and fair, because prices change over time. They use a special math tool called the Consumer Price Index to decide how much to change these fines, so they stay a good reminder to follow the rules.

  • Type:Rule
    Citation:90 FR 3710
    Reading Time:about 9 minutes

    The Federal Communications Commission (FCC) has finalized a rule adjusting civil monetary penalties for inflation as mandated by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. These changes aim to keep the penalties effective as deterrents by adjusting them according to inflation. The rule specifies the updated penalty amounts for various violations under the Communications Act, and these changes apply to penalties assessed from January 15, 2025, onwards. The FCC has also corrected a previously removed footnote regarding penalties for misrepresentation or lack of candor.

    Simple Explanation

    The FCC has decided to make fines bigger to keep up with inflation, so companies still think twice when breaking rules. These updated fines start on January 15, 2025.

  • Type:Rule
    Citation:90 FR 2636
    Reading Time:about 10 minutes

    The National Endowment for the Arts (NEA) has issued a final rule to adjust the maximum civil monetary penalties for specific violations to account for inflation, in compliance with the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. Effective January 13, 2025, these adjustments apply to penalties under the Program Fraud Civil Remedies Act and Restrictions on Lobbying. The penalties are calculated based on a specific Consumer Price Index for All Urban Consumers (CPI-U) multiplier. This rule ensures that the penalties remain effective deterrents without any need for public comment, as established by the requirements of the 2015 Act.

    Simple Explanation

    The National Endowment for the Arts is updating how much people might have to pay if they break certain rules, like telling lies or trying to secretly influence the government, to make sure the amounts are fair and still make people follow the rules. They're using a special math tool that counts how money changes over time to decide these amounts, so people and organizations know there are big reasons to play fair.

  • Type:Rule
    Citation:86 FR 3830
    Reading Time:about 8 minutes

    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.

    Simple Explanation

    The government is making sure fines for breaking rules stay strong by adjusting them for inflation, which means they go up a little every year so people don't get away with breaking the rules just because fines stayed the same price as years ago.

  • Type:Rule
    Citation:90 FR 3617
    Reading Time:about 10 minutes

    The Farm Credit Administration has introduced a final rule adjusting civil money penalties (CMPs) for inflation, in line with the Federal Civil Penalties Inflation Adjustment Act of 1990, as updated. This adjustment ensures that penalties retain their deterrent effect and compliance is maintained with the Farm Credit Act and Flood Disaster Protection Act. The new maximum daily penalties for specific violations have been increased, such as $2,904 for violating a final order and $1,313 for breaching the Farm Credit Act, effective January 15, 2025. These changes, driven by mandatory annual updates, aim to keep CMPs in line with inflation without needing a public comment process.

    Simple Explanation

    The Farm Credit Administration has made some money fines bigger, like, if someone breaks a rule, they have to pay more money to keep the rules important. They did this because prices keep going up, just like when your favorite toy costs more now than before.