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Civil Monetary Penalty Inflation Adjustment

other · US Department of Defense · Rule · Published 2016-09-12 · Effective 2016-09-12 · 81 FR 62629

Document

Document number
2016-21878
Federal Register citation
81 FR 62629
CFR reference
32 CFR 269
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Defense
Publication date
2016-09-12
Effective date
2016-09-12
DOD docket
Docket ID: DOD-2016-OS-0045

Abstract

On November 2, 2015, the President signed into law the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (the 2015 Act), which further amended the Federal Civil Penalties Inflation Adjustment Act of 1990. The 2015 Act updates the process by which agencies adjust applicable civil monetary penalties (CMP) for inflation to retain the deterrent effect of those penalties. The 2015 Act requires that not later than July 1, 2016, and not later than January 15 of every year thereafter, the head of each agency must, by regulation published in the Federal Register, adjust each CMP within its jurisdiction by the inflation adjustment described in the 2015 Act. Accordingly, the Department of Defense must adjust the level of all civil monetary penalties under its jurisdiction through a final rule and make subsequent annual adjustments for inflation.

Source

Authoritative
Federal Register document
Machine
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