Adjustment to Rail Passenger Transportation Liability Cap, 1289 [2016-301]
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Federal Register / Vol. 81, No. 6 / Monday, January 11, 2016 / Notices
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Mike Brown,
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and Program Development.
[FR Doc. 2016–296 Filed 1–8–16; 8:45 am]
BILLING CODE 4910–59–P
DEPARTMENT OF TRANSPORTATION
Office of the Secretary of
Transportation
Adjustment to Rail Passenger
Transportation Liability Cap
Office of the Secretary of
Transportation (OST), Department of
Transportation (DOT).
ACTION: Notice.
AGENCY:
This notice details the
adjustment made to the rail passenger
transportation liability cap under
section 11415 of the Fixing America’s
Surface Transportation (FAST) Act
(December 7, 2015). As a result of the
FAST Act, the rail passenger
transportation liability cap is raised
from $200,000,000 to $294,278,983.
DATES: This adjustment will go into
effect 30 days after the date of
publication of this notice.
FOR FURTHER INFORMATION CONTACT: For
further information regarding this
notice, please contact Stephanie
Lawrence, Office of Policy and
Planning, Federal Railroad
SUMMARY:
Administration, 1200 New Jersey
Avenue SE., Mail Stop 20, Washington,
DC 20590; Email: stephanie.lawrence@
dot.gov; Phone: (202) 493–1376; Fax:
(202) 493–6333.
SUPPLEMENTARY INFORMATION:
Notice: The Department of
Transportation is publishing the
inflation adjusted index factors for the
rail passenger transportation liability
cap under 49 U.S.C. 28103(a)(2), as
directed by section 11415 of the FAST
Act. The index methodology ensures
that the allowable awards to all rail
passengers, against all defendants, for
all claims, including claims for punitive
damages, arising from a single accident
or incident is based on current dollars
and is adjusted for inflation from the
$200,000,000 cap that went into effect
on December 2, 1997.
Under the FAST Act, the index is
adjusted to the date of enactment of the
FAST Act using the Bureau of Labor
Statistics (BLS) Consumer Price IndexAll Urban Consumers. The index is
based on the month of the original
liability cap and the last full month
prior to the enactment of the FAST Act
on December 7, 2015 (December 1997 to
November 2015, the last available
month of the monthly index).
Thereafter, the FAST Act directs the
Secretary to update the liability cap
every fifth year after the date of the
FAST Act’s enactment. The table below
shows the Index and inflator FRA used
to calculate an inflation adjusted
amount of $294,278,983.
PASSENGER LIABILITY CAP INFLATION ADJUSTED INDEX AND INFLATION FACTOR
Month
Index
December 1997 ...........................................................................................................................
November 2015 ...........................................................................................................................
The adjustment of the rail passenger
transportation liability cap to
$294,278,983 shall be effective 30 days
after the date of publication of this
notice.
Anthony R. Foxx,
Secretary of Transportation.
[FR Doc. 2016–301 Filed 1–8–16; 8:45 am]
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VerDate Sep<11>2014
18:17 Jan 08, 2016
Notice.
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Bond interest rate is 0.14 per centum
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Frm 00127
Fmt 4703
$200,000,000
294,278,983
Effective January 1, 2016 to
March 31, 2016.
SUMMARY:
PO 00000
1.00
1.47
Liability cap
DATES:
ADDRESSES:
BILLING CODE 4910–06–P
AGENCY:
ACTION:
161.30
237.34
Inflator
Sfmt 4703
FOR FURTHER INFORMATION CONTACT:
Adam Charlton, Manager, Federal
Borrowings Branch, Office of Public
Debt Accounting, Bureau of the Fiscal
Service, Parkersburg, West Virginia,
26106–1328, (304) 480–5248; Sam Doak,
Reporting Team Leader, Federal
Borrowings Branch, Division of
Accounting Operations, Office of Public
Debt Accounting, Bureau of the Fiscal
Service, Parkersburg, West Virginia,
26106–1328, (304) 480–5117.
Federal
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cash deposited to secure immigration
bonds shall be ‘‘at a rate determined by
the Secretary of the Treasury, except
SUPPLEMENTARY INFORMATION:
E:\FR\FM\11JAN1.SGM
11JAN1
]]>Agencies
[Federal Register Volume 81, Number 6 (Monday, January 11, 2016)]
[Notices]
[Page 1289]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-301]
-----------------------------------------------------------------------
DEPARTMENT OF TRANSPORTATION
Office of the Secretary of Transportation
Adjustment to Rail Passenger Transportation Liability Cap
AGENCY: Office of the Secretary of Transportation (OST), Department of
Transportation (DOT).
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This notice details the adjustment made to the rail passenger
transportation liability cap under section 11415 of the Fixing
America's Surface Transportation (FAST) Act (December 7, 2015). As a
result of the FAST Act, the rail passenger transportation liability cap
is raised from $200,000,000 to $294,278,983.
DATES: This adjustment will go into effect 30 days after the date of
publication of this notice.
FOR FURTHER INFORMATION CONTACT: For further information regarding this
notice, please contact Stephanie Lawrence, Office of Policy and
Planning, Federal Railroad Administration, 1200 New Jersey Avenue SE.,
Mail Stop 20, Washington, DC 20590; Email: stephanie.lawrence@dot.gov;
Phone: (202) 493-1376; Fax: (202) 493-6333.
SUPPLEMENTARY INFORMATION:
Notice: The Department of Transportation is publishing the
inflation adjusted index factors for the rail passenger transportation
liability cap under 49 U.S.C. 28103(a)(2), as directed by section 11415
of the FAST Act. The index methodology ensures that the allowable
awards to all rail passengers, against all defendants, for all claims,
including claims for punitive damages, arising from a single accident
or incident is based on current dollars and is adjusted for inflation
from the $200,000,000 cap that went into effect on December 2, 1997.
Under the FAST Act, the index is adjusted to the date of enactment
of the FAST Act using the Bureau of Labor Statistics (BLS) Consumer
Price Index-All Urban Consumers. The index is based on the month of the
original liability cap and the last full month prior to the enactment
of the FAST Act on December 7, 2015 (December 1997 to November 2015,
the last available month of the monthly index). Thereafter, the FAST
Act directs the Secretary to update the liability cap every fifth year
after the date of the FAST Act's enactment. The table below shows the
Index and inflator FRA used to calculate an inflation adjusted amount
of $294,278,983.
Passenger Liability Cap Inflation Adjusted Index and Inflation Factor
----------------------------------------------------------------------------------------------------------------
Month Index Inflator Liability cap
----------------------------------------------------------------------------------------------------------------
December 1997................................................... 161.30 1.00 $200,000,000
November 2015................................................... 237.34 1.47 294,278,983
----------------------------------------------------------------------------------------------------------------
The adjustment of the rail passenger transportation liability cap
to $294,278,983 shall be effective 30 days after the date of
publication of this notice.
Anthony R. Foxx,
Secretary of Transportation.
[FR Doc. 2016-301 Filed 1-8-16; 8:45 am]
BILLING CODE 4910-06-P
