other · US Department of Commerce · Published 2003-01-29 · Effective 2003-01-29 · 68 FR 4380
Document
Document number
03-1895
Federal Register citation
68 FR 4380
CFR reference
15 CFR 6
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Commerce
Publication date
2003-01-29
Effective date
2003-01-29
Commerce docket
Docket No.: 030108003-3003-01
Abstract
This final rule is being issued to adjust civil monetary penalties provided by law within the jurisdiction of the Department of Commerce (the Department). As required by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996, the Secretary of Commerce adjusted the Department's civil monetary penalties for inflation on October 24, 1996, and subsequently on November 1, 2000. On September 30, 2002, the United States General Accounting Office (GAO) sent the Secretary of Commerce a letter indicating that the Department's November 1, 2000, adjustment was inconsistent with the requirements of the statute, and recommending corrective action. The purpose of this rule is to bring the Department into compliance with GAO's interpretation of the statute.