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 Office of Foreign Assets Control (OFAC) under the Department of the Treasury has issued a final rule to adjust civil monetary penalties for inflation, as required by law. This adjustment aims to maintain the deterrent effect of these penalties by reflecting changes in the cost of living. The updated penalties apply across various statutes like the Trading With the Enemy Act, the International Emergency Economic Powers Act, and others. The rule will be effective beginning January 15, 2025, and does not require prior public notice or comment.

The Department of Commerce has issued a final rule to adjust civil monetary penalties (CMPs) for inflation, effective January 15, 2021. This adjustment is required by the Federal Civil Penalties Inflation Adjustment Act and aims to ensure the penalties continue to serve as a deterrent. The changes will only apply to penalties with a specific dollar amount and will affect those assessed after the effective date. The penalties are adjusted based on the cost-of-living increase from October 2019 to October 2020.

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 National Endowment for the Arts (NEA) is adjusting the maximum civil monetary penalties (CMPs) according to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. These adjustments ensure that penalties for violations of the Program Fraud Civil Remedies Act (PFCRA) and Restrictions on Lobbying continue to reflect inflation and maintain their deterrent effect. The new penalties are based on the Consumer Price Index and are effective for violations assessed after January 15, 2021. The inflation-adjusted penalties are now set at $11,802 for false claims under the PFCRA and range from $20,720 to $207,314 for lobbying restrictions violations.

The Consumer Financial Protection Bureau (CFPB) has issued a final rule to adjust civil penalty amounts for inflation, fulfilling the requirements under the Federal Civil Penalties Inflation Adjustment Act. These adjustments ensure that penalties continue to serve as a deterrent and encourage compliance with the law. The new penalty amounts will take effect on January 15, 2025, and apply to violations occurring after November 2, 2015. This rulemaking process does not require public notice or comment due to its technical nature and statutory obligations.

The U.S. Department of the Interior has updated its regulations related to the Native American Graves Protection and Repatriation Act (NAGPRA) to adjust civil penalties for inflation in compliance with the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. These adjustments ensure the penalties maintain their deterrent effect and further policy objectives. The rule also updates the mailing address for the NAGPRA Program. The final rule takes effect on January 16, 2025, and applies to penalties assessed after this date, including for violations since November 2, 2015.

The Federal Energy Regulatory Commission has issued a final rule to update the maximum civil monetary penalties for violating laws and regulations under its authority. This adjustment is required by the Federal Civil Penalties Inflation Adjustment Act, which mandates annual updates to account for inflation. The rule comes into effect on January 14, 2025, and is being implemented without the usual notice and comment process due to legal requirements. The updated penalties apply to acts governed by the Federal Power Act, Natural Gas Policy Act, Natural Gas Act, and Interstate Commerce Act, among others.

The Federal Housing Finance Agency (FHFA) has issued a final rule to update the rules for civil money penalties by adjusting them for inflation. This adjustment is in line with the Federal Civil Penalties Inflation Adjustment Act, ensuring penalties stay current with economic changes. The new penalty amounts will be effective from January 16, 2025, and apply to violations occurring on or after January 15, 2025. The FHFA will calculate penalties on a case-by-case basis, using a formula tied to changes in the Consumer Price Index, and these updates are mandated by law.

The Commodity Futures Trading Commission (CFTC) has issued a final rule to adjust the maximum amount of civil monetary penalties (CMPs) for inflation under the Commodity Exchange Act (CEA). This annual adjustment is required by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended, and ensures that penalties maintain their deterrent effect over time. The rule applies to penalties assessed after January 15, 2021, and is based on the percentage change in the Consumer Price Index. This adjustment process is exempt from the typical notice and comment procedures under the Administrative Procedure Act.