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Civil Monetary Penalty Inflation Adjustment Rule

rail-rate · Surface Transportation Board · Published 2012-10-22 · Effective 2012-10-22 · 77 FR 64431

Document

Document number
2012-25773
Federal Register citation
77 FR 64431
CFR reference
49 CFR 1022
Type
Rule
Action
Final rule.
Category
rail-rate
Sub-agency
Surface Transportation Board
Publication date
2012-10-22
Effective date
2012-10-22
DOT docket
Docket No. EP 716

Abstract

The Surface Transportation Board (Board) is issuing a final rule to adjust the Board's civil monetary penalties for inflation on a periodic basis pursuant to the Federal Civil Penalties Inflation Act of 1990, as amended by the Debt Collection Improvement Act of 1996. Prior to the issuance of this rule, the Board's penalties have not been adjusted for inflation since they were prescribed in the Interstate Commerce Commission Termination Act of 1995 (ICCTA). As mandated by the Debt Collection Improvement Act, the Board's initial increase of its penalties cannot exceed 10%. The Board is required to review its penalties again at least once every four years thereafter and adjust them as necessary for inflation according to a specified formula.

Source

Authoritative
Federal Register document
Machine
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