Civil Monetary Penalties; Adjustment for Inflation
other · US Department of Commerce · Published 2012-12-07 · Effective 2012-12-07 · 77 FR 72915
Document
Document number
2012-28503
Federal Register citation
77 FR 72915
CFR reference
15 CFR 6
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Commerce
Publication date
2012-12-07
Effective date
2012-12-07
Commerce docket
Docket No. 121022566-2566-01
Abstract
This final rule is being issued to adjust each civil monetary penalty provided by law within the jurisdiction of the Department of Commerce (the Department). The Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996, required the head of each agency to adjust its civil monetary penalties (CMP) for inflation no later than October 23, 1996, and requires agencies to make adjustments at least once every four years thereafter. These inflation adjustments will apply only to violations that occur after the effective date of this rule.