Search Results for keywords:"inflation adjustment"

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Search Results: keywords:"inflation adjustment"

  • Type:Rule
    Citation:90 FR 2922
    Reading Time:about 4 minutes

    The Farm Credit System Insurance Corporation (FCSIC) has issued a final rule addressing adjustments to civil money penalties (CMPs), in compliance with the 2015 amendments to the Federal Civil Penalties Inflation Adjustment Act of 1990. These adjustments ensure that penalties remain effective as a deterrent by accounting for inflation, with new amounts applying from January 15, 2025, for any conduct from November 2, 2015, onward. The updated penalty for violations under section 5.65(c) or (d) of the Farm Credit Act is $264 per day. This rule bypasses standard procedure for public comment due to statutory requirements.

    Simple Explanation

    The Farm Credit System Insurance Corporation has decided to make the money penalties bigger to keep up with price changes over time, kind of like making an allowance bigger as things get more expensive. They did this because the rules say they have to, and starting January 15, 2025, breaking certain rules will cost $264 each day.

  • Type:Rule
    Citation:90 FR 2607
    Reading Time:about 5 minutes

    The Federal Reserve Board is updating its rules to adjust the fines known as civil money penalties for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This adjustment ensures that penalties retain their deterrent effect by accounting for changes in the economy. The new penalty amounts will apply starting January 13, 2025, for violations occurring after November 2, 2015. The rule is implemented without the usual notice and comment process because of specific provisions in the law.

    Simple Explanation

    The Federal Reserve is updating the rules so that the fines they give to people and companies are still fair and strong over time, even as money changes value. These new rules will start being used in January 2025 to make sure people think twice before breaking the rules.

  • Type:Rule
    Citation:90 FR 3039
    Reading Time:about 3 minutes

    The Federal Maritime Commission has issued a final rule to adjust civil monetary penalties for inflation. This adjustment is required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The new penalty amounts are calculated using a formula based on changes in the consumer price index. This rule takes effect on January 15, 2025, and does not require a public comment period due to exemptions from certain rulemaking procedures.

    Simple Explanation

    The Federal Maritime Commission is updating fines to match the rise in prices, like when things cost more at the store, starting January 15, 2025, and they don't need to ask people what they think about this change first.

  • Type:Notice
    Citation:89 FR 104584
    Reading Time:about 16 minutes

    The Securities and Exchange Commission (SEC) announced that The Nasdaq Stock Market LLC has filed a proposed rule change to increase the fees for their Specialized Quote Feed (SQF) Ports and SQF Purge Ports by 10%. These ports are used by Market Makers to send quotes to the exchange, and the increase aims to adjust for inflation and maintain the quality and security of the exchange's technology. Nasdaq cites investments in technology upgrades as a reason for the fee increase, which intends to better align pricing with improvements in service quality. The new fees will be effective from January 1, 2025, and the SEC is seeking public comments on this proposed rule change.

    Simple Explanation

    The Nasdaq Stock Market wants to make it a bit more expensive for special tools that help people who trade lots of things at once because they need more money to keep their machines running better and safer. They say this extra money will help make these tools better, but it's not very clear how, and some people are wondering if this is the best way to solve the problem.

  • 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.

  • Type:Proposed Rule
    Citation:90 FR 5799
    Reading Time:about 19 minutes

    The Department of Defense (DoD) is proposing changes to the Defense Federal Acquisition Regulation Supplement (DFARS) to adjust acquisition-related dollar thresholds for inflation, using the Consumer Price Index. This adjustment is set to occur every five years, but excludes certain statutes like the Davis-Bacon Act and trade agreements thresholds. The proposed rule aims to maintain current regulations by reflecting economic changes, ensuring that thresholds keep pace with inflation, and is not expected to significantly affect the public or small businesses. Comments on these proposed changes are invited until March 18, 2025, and further details are available on the regulations.gov portal.

    Simple Explanation

    The Department of Defense wants to make sure that the rules about how much money can be spent on certain projects stay fair as prices go up over time, just like how your allowance might be adjusted for inflation. They want people to share their thoughts on this change until March 18, 2025.

  • Type:Notice
    Citation:89 FR 106663
    Reading Time:about 20 minutes

    The Cboe EDGX Exchange, Inc. has proposed a rule change to increase the monthly fee for 10 gigabit (Gb) physical ports from $7,500 to $8,500. This fee is charged to both members and non-members who use these ports to connect to the exchange's data centers. The Exchange argues that the fee increase is necessary to help maintain and improve their market technology and services, and remains competitive compared to fees charged by other exchanges. The proposed change aims to reflect the costs of inflation and investments made in enhancing their systems over the years. The public has been invited to submit comments on this change.

    Simple Explanation

    The Cboe EDGX Exchange wants to charge a bit more money each month for people using special internet lines called "10 Gb physical ports" to make sure all their technology stays strong and up-to-date. They are asking everyone what they think about this change.

  • Type:Notice
    Citation:90 FR 2767
    Reading Time:about 8 minutes

    The Securities and Exchange Commission (SEC) published a notice to adjust civil monetary penalties for inflation as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. These adjustments apply to penalties under the Securities Act, the Exchange Act, the Investment Company Act, and part of the Sarbanes-Oxley Act. The new amounts were calculated using a percentage change between the Consumer Price Index for October 2023 and October 2024 and will be effective from January 15, 2025. This update ensures penalties keep pace with inflation and remain effective deterrents.

    Simple Explanation

    The SEC is making their penalty amounts bigger because prices go up each year. These bigger penalties will start on January 15, 2025, to make sure people follow the rules.

  • Type:Notice
    Citation:90 FR 14278
    Reading Time:about 23 minutes

    The Cboe EDGX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to raise the monthly fee for 10 Gb physical ports from $7,500 to $8,500. This increase is intended to help maintain and improve market technology and services. The Exchange argues that the price adjustment is in line with competitors and justified by inflation since the last fee change in 2018. The SEC is soliciting comments from the public on this proposed rule change.

    Simple Explanation

    The Cboe EDGX Exchange wants to charge more money each month for using certain high-speed internet connections, going from $7,500 to $8,500, because things have gotten more expensive since 2018 and this will help them keep their technology strong. They want people to tell them what they think about this idea.

  • Type:Notice
    Citation:86 FR 11571
    Reading Time:about a minute or two

    The Department of Transportation has announced an increase in the rail passenger transportation liability cap. This adjustment is mandated by the Fixing America's Surface Transportation (FAST) Act and raises the cap from $294,278,983 to $322,864,228 to account for inflation. The new cap ensures that the total compensation for all claims from a single accident, including punitive damages, reflects current dollar value. This change will be effective 30 days after February 25, 2021.

    Simple Explanation

    The Department of Transportation has decided that if a train accident happens, the maximum amount of money that can be paid out to help everyone involved is now higher to match how much things cost today, going from $294 million to $322 million. They did this so the money would be enough to help as much as it did in the past, even though things are more expensive now.

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