Search Results for keywords:"civil penalty adjustments"

The Department of Transportation issued a final rule that updates the penalties for violations of certain DOT regulations to account for inflation, as required by legislation from 2015. These updates affect various areas such as air and motor vehicle safety, hazardous materials transportation, and railroad operations. The changes include adjustments in the minimum and maximum fines that can be imposed for different types of violations. The rule was implemented immediately and did not include a notice and comment period, as per the stipulations of the legislation enabling these adjustments.

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 Federal Trade Commission (FTC) is updating its civil penalties to adjust for inflation, as required by law. These changes increase the maximum fines for violations of various acts, such as the Clayton Act and the FTC Act, and will take effect on January 17, 2025. The adjustments follow a cost-of-living formula and apply to fines assessed after the effective date. These updates fulfill an annual requirement under the Federal Civil Penalties Inflation Adjustment Act of 2015.

The Federal Trade Commission (FTC) has announced new adjustments to civil penalty amounts within its jurisdiction to account for inflation as mandated by the Federal Civil Penalties Inflation Adjustment Act of 2015. These changes, effective from January 13, 2021, affect various penalty amounts, including those related to premerger filing notifications, unfair or deceptive acts, and labeling violations. The adjustments are based on a cost-of-living adjustment formula that compares the Consumer Price Index from two preceding Octobers. This ensures penalties are updated annually to maintain their deterrent effect and to reflect economic changes.