Search Results for keywords:"penalty amounts"

Found 3 results

Search Results: keywords:"penalty amounts"

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  • 2025-00419 — Rules of Practice for Hearings
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    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.

  • 2021-00582 — Civil Penalty Adjustments for 2021
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    Type:Notice
    Citation:86 FR 3215
    Reading Time:about 2 minutes

    The National Endowment for the Humanities (NEH) announced the adjusted maximum and minimum civil penalties for violating its New Restrictions on Lobbying. These adjustments are required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The new penalties, effective from January 15, 2021, to January 14, 2022, range from a minimum of $20,731 to a maximum of $207,314. The adjustments ensure that the penalty amounts keep pace with inflation, as mandated by the 2015 Act.

    Simple Explanation

    The National Endowment for the Humanities (NEH) makes some fines bigger every year to keep up with money changes over time, just like how candy costs more now than it did in the past. If someone breaks their new rules about not spending money to try to change laws, they might have to pay a fine between about $21,000 and $207,000.

  • 2021-00018 — Department of Labor Federal Civil Penalties Inflation Adjustment Act Annual Adjustments for 2021
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    Type:Rule
    Citation:86 FR 2964
    Reading Time:about 21 minutes

    The U.S. Department of Labor is updating the civil monetary penalties it can impose, based on inflation, as part of the Federal Civil Penalties Inflation Adjustment Act. This requires an annual review and adjustment of penalty amounts to ensure they keep pace with inflation. These updates are set to take effect on January 15, 2021, and apply to penalties assessed after this date. Different divisions within the Department, such as Occupational Safety and Health Administration and Mine Safety and Health Administration, are involved in overseeing these changes, which aim to maintain their deterrent effect.

    Simple Explanation

    The U.S. Department of Labor is making sure fines they give out to people who break rules keep up with rising prices, like how toys get more expensive each year, so the new penalty amounts will start on January 15, 2021.