Federal Civil Penalties Inflation Adjustment Act Annual Adjustments for 2023
other · US Department of Labor · Published 2023-01-13 · Effective 2023-01-15 · 88 FR 2210
Document
Document number
2023-00271
Federal Register citation
88 FR 2210
CFR reference
20 CFR 655
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Labor
Publication date
2023-01-13
Effective date
2023-01-15
Abstract
The U.S. Department of Labor (Department) is publishing this final rule to adjust for inflation the civil monetary penalties assessed or enforced by the Department, pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990 as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (Inflation Adjustment Act). The Inflation Adjustment Act requires the Department to annually adjust its civil money penalty levels for inflation no later than January 15 of each year. The Inflation Adjustment Act provides that agencies shall adjust civil monetary penalties notwithstanding Section 553 of the Administrative Procedure Act (APA). Additionally, the Inflation Adjustment Act provides a cost- of-living formula for adjustment of the civil penalties. Accordingly, this final rule sets forth the Department's 2023 annual adjustments for inflation to its civil monetary penalties.