Rules of Practice for Hearings, 2312-2314 [2022-00592]

Download as PDF 2312 Federal Register / Vol. 87, No. 10 / Friday, January 14, 2022 / Rules and Regulations is not subject to the requirements of the Paperwork Reduction Act of 1995. PART 13—PROGRAM FRAUD CIVIL REMEDIES XI. Congressional Review Act ■ This final rule is a rule as defined in the Congressional Review Act (5 U.S.C. 801–808). However, the Office of Management and Budget has not found it to be a major rule as defined in the Congressional Review Act. Authority: 31 U.S.C. 3801 through 3812; 44 U.S.C. 3504 note. List of Subjects Section 13.3 also issued under 28 U.S.C. 2461 note. Section 13.13 also issued under 31 U.S.C. 3730. 10 CFR Part 2 § 13.3 Administrative practice and procedure, Antitrust, Byproduct material, Classified information, Confidential business information, Freedom of information, Environmental protection, Hazardous waste, Nuclear energy, Nuclear materials, Nuclear power plants and reactors, Penalties, Reporting and recordkeeping requirements, Sex discrimination, Source material, Special nuclear material, Waste treatment and disposal. [Amended] 4. In § 13.3, amend paragraphs (a)(1)(iv) and (b)(1)(ii) by removing the amount ‘‘$11,803’’ and adding in its place the amount ‘‘$12,537’’. ■ Dated: December 22, 2021. For the Nuclear Regulatory Commission. Daniel H. Dorman, Executive Director for Operations. [FR Doc. 2022–00010 Filed 1–13–22; 8:45 am] BILLING CODE 7590–01–P 10 CFR Part 13 FEDERAL RESERVE SYSTEM Administrative practice and procedure, Claims, Fraud, Organization and function (Government agencies), Penalties. For the reasons set out in the preamble and under the authority of the Atomic Energy Act of 1954, as amended; the Energy Reorganization Act of 1974, as amended; 28 U.S.C. 2461 note; and 5 U.S.C. 552 and 553, the NRC is adopting the following amendments to 10 CFR parts 2 and 13: 12 CFR Part 263 PART 2—AGENCY RULES OF PRACTICE AND PROCEDURE 1. The authority citation for part 2 continues to read as follows: ■ lotter on DSK11XQN23PROD with RULES1 3. The authority citation for part 13 continues to read as follows: Authority: Atomic Energy Act of 1954, secs. 29, 53, 62, 63, 81, 102, 103, 104, 105, 161, 181, 182, 183, 184, 186, 189, 191, 234 (42 U.S.C. 2039, 2073, 2092, 2093, 2111, 2132, 2133, 2134, 2135, 2201, 2231, 2232, 2233, 2234, 2236, 2239, 2241, 2282); Energy Reorganization Act of 1974, secs. 201, 206 (42 U.S.C. 5841, 5846); Nuclear Waste Policy Act of 1982, secs. 114(f), 134, 135, 141 (42 U.S.C. 10134(f), 10154, 10155, 10161); Administrative Procedure Act (5 U.S.C. 552, 553, 554, 557, 558); National Environmental Policy Act of 1969 (42 U.S.C. 4332); 44 U.S.C. 3504 note. Section 2.205(j) also issued under 28 U.S.C. 2461 note. § 2.205 [Amended] 2. In § 2.205, amend paragraph (j) by removing the amount ‘‘$307,058’’ and adding in its place the amount ‘‘$326,163’’. ■ VerDate Sep<11>2014 16:05 Jan 13, 2022 Jkt 256001 [Docket No. R–1759] RIN 7100–AG22 Rules of Practice for Hearings Board of Governors of the Federal Reserve System. ACTION: Final rule. AGENCY: The Board of Governors of the Federal Reserve System (the ‘‘Board’’) is issuing a final rule amending its rules of practice and procedure to adjust the amount of each civil money penalty (‘‘CMP’’) provided by law within its jurisdiction to account for inflation as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. DATES: This final rule is effective on January 14, 2022. FOR FURTHER INFORMATION CONTACT: Thomas O. Kelly, Senior Counsel (202– 974–7059), Legal Division, Board of Governors of the Federal Reserve System, 20th Street and Constitution Ave. NW, Washington, DC 20551. You may also contact us at https:// www.federalreserve.gov/apps/ ContactUs/feedback.aspx, choose Staff Group: Regulations. SUPPLEMENTARY INFORMATION: SUMMARY: Federal Civil Penalties Inflation Adjustment Act The Federal Civil Penalties Inflation Adjustment Act of 1990, 28 U.S.C. 2461 note (‘‘FCPIA Act’’), requires federal PO 00000 Frm 00004 Fmt 4700 Sfmt 4700 agencies to adjust, by regulation, the CMPs within their jurisdiction to account for inflation. The Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (the ‘‘2015 Act’’) 1 amended the FCPIA Act to require federal agencies to make annual adjustments not later than January 15 of every year.2 The Board is now issuing a new final rule to set the CMP levels pursuant to the required annual adjustment for 2022. The Board will apply these adjusted maximum penalty levels to any penalties assessed on or after January 14, 2022, whose associated violations occurred on or after November 2, 2015. Penalties assessed for violations occurring prior to November 2, 2015 will be subject to the amounts set in the Board’s 2012 adjustment pursuant to the FCPIA Act.3 Under the 2015 Act, the annual adjustment to be made for 2022 is the percentage by which the Consumer Price Index for the month of October 2021 exceeds the Consumer Price Index for the month of October 2020. On December 15, 2021, as directed by the 2015 Act, the Office of Management and Budget (OMB) issued guidance to affected agencies on implementing the required annual adjustment which included the relevant inflation multiplier.4 Using OMB’s multiplier, the Board calculated the adjusted penalties for its CMPs, rounding the penalties to the nearest dollar.5 Administrative Procedure Act The 2015 Act states that agencies shall make the annual adjustment ‘‘notwithstanding section 553 of title 5, United States Code.’’ Therefore, this rule is not subject to the provisions of the Administrative Procedure Act (the ‘‘APA’’), 5 U.S.C. 553, requiring notice, public participation, and deferred effective date. Regulatory Flexibility Act The Regulatory Flexibility Act, 5 U.S.C. 601 et seq., requires a regulatory flexibility analysis only for rules for which an agency is required to publish 1 Public Law 114–74, 129 Stat. 599 (2015) (codified at 28 U.S.C. 2461 note). 2 28 U.S.C. 2461 note, section 4(b)(1). 3 77 FR 68680 (Nov. 16, 2012). 4 OMB Memorandum M–22–07, Implementation of Penalty Inflation Adjustments for 2022, Pursuant to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (Dec. 15, 2021). 5 Under the 2015 Act and implementing OMB guidance, agencies are not required to make an adjustment to a CMP if, during the 12 months preceding the required adjustment, such penalty increased due to a law other than the 2015 Act by an amount greater than the amount of the required adjustment. No other laws have adjusted the CMPs within the Board’s jurisdiction during the preceding 12 months. E:\FR\FM\14JAR1.SGM 14JAR1 Federal Register / Vol. 87, No. 10 / Friday, January 14, 2022 / Rules and Regulations a general notice of proposed rulemaking. Because the 2015 Act states that agencies’ annual adjustments are to be made notwithstanding section 553 of title 5 of United States Code—the APA section requiring notice of proposed rulemaking—the Board is not publishing a notice of proposed rulemaking. Therefore, the Regulatory Flexibility Act does not apply. Paperwork Reduction Act There is no collection of information required by this final rule that would be subject to the Paperwork Reduction Act of 1995, 44 U.S.C. 3501 et seq. List of Subjects in 12 CFR Part 263 Administrative practice and procedure, Claims, Crime, Equal access to justice, Lawyers, Penalties. Authority and Issuance For the reasons set forth in the preamble, the Board amends 12 CFR part 263 as follows: PART 263—RULES OF PRACTICE FOR HEARINGS 1. The authority citation for part 263 continues to read as follows: ■ Authority: 5 U.S.C. 504, 554–557; 12 U.S.C. 248, 324, 334, 347a, 504, 505, 1464, 1467, 1467a, 1817(j), 1818, 1820(k), 1829, 1831o, 1831p–1, 1832(c), 1847(b), 1847(d), 1884, 1972(2)(F), 3105, 3108, 3110, 3349, 3907, 3909(d), 4717; 15 U.S.C. 21, 78l(i), 78o–4, 78o–5, 78u–2; 1639e(k); 28 U.S.C. 2461 note; 31 U.S.C. 5321; and 42 U.S.C. 4012a. 2. Section 263.65 is revised to read as follows: ■ § 263.65 Civil money penalty inflation adjustments. (a) Inflation adjustments. In accordance with the Federal Civil 2313 Penalties Inflation Adjustment Act Improvements Act of 2015, which further amended the Federal Civil Penalties Inflation Adjustment Act of 1990, the Board has set forth in paragraph (b) of this section the adjusted maximum amounts for each civil money penalty provided by law within the Board’s jurisdiction. The authorizing statutes contain the complete provisions under which the Board may seek a civil money penalty. The adjusted civil money penalties apply only to penalties assessed on or after January 14, 2022, whose associated violations occurred on or after November 2, 2015. (b) Maximum civil money penalties. The maximum (or, in the cases of 12 U.S.C. 334 and 1832(c), fixed) civil money penalties as set forth in the referenced statutory sections are set forth in the table in this paragraph (b). TABLE 1 TO PARAGRAPH (b) Adjusted civil money penalty lotter on DSK11XQN23PROD with RULES1 Statute 12 U.S.C. 324: Inadvertently late or misleading reports, inter alia ....................................................................................................................... Other late or misleading reports, inter alia ................................................................................................................................... Knowingly or reckless false or misleading reports, inter alia ....................................................................................................... 12 U.S.C. 334 ...................................................................................................................................................................................... 12 U.S.C. 374a .................................................................................................................................................................................... 12 U.S.C. 504: First Tier ....................................................................................................................................................................................... Second Tier .................................................................................................................................................................................. Third Tier ...................................................................................................................................................................................... 12 U.S.C. 505: First Tier ....................................................................................................................................................................................... Second Tier .................................................................................................................................................................................. Third Tier ...................................................................................................................................................................................... 12 U.S.C. 1464(v)(4) ........................................................................................................................................................................... 12 U.S.C. 1464(v)(5) ........................................................................................................................................................................... 12 U.S.C. 1464(v)(6) ........................................................................................................................................................................... 12 U.S.C. 1467a(i)(2) .......................................................................................................................................................................... 12 U.S.C. 1467a(i)(3) .......................................................................................................................................................................... 12 U.S.C. 1467a(r): First Tier ....................................................................................................................................................................................... Second Tier .................................................................................................................................................................................. Third Tier ...................................................................................................................................................................................... 12 U.S.C. 1817(j)(16): First Tier ....................................................................................................................................................................................... Second Tier .................................................................................................................................................................................. Third Tier ...................................................................................................................................................................................... 12 U.S.C. 1818(i)(2): First Tier ....................................................................................................................................................................................... Second Tier .................................................................................................................................................................................. Third Tier ...................................................................................................................................................................................... 12 U.S.C. 1820(k)(6)(A)(ii) ................................................................................................................................................................... 12 U.S.C. 1832(c) ................................................................................................................................................................................ 12 U.S.C. 1847(b) ................................................................................................................................................................................ 12 U.S.C. 1847(d): First Tier ....................................................................................................................................................................................... Second Tier .................................................................................................................................................................................. Third Tier ...................................................................................................................................................................................... 12 U.S.C. 1884 .................................................................................................................................................................................... 12 U.S.C. 1972(2)(F): First Tier ....................................................................................................................................................................................... Second Tier .................................................................................................................................................................................. VerDate Sep<11>2014 16:05 Jan 13, 2022 Jkt 256001 PO 00000 Frm 00005 Fmt 4700 Sfmt 4700 E:\FR\FM\14JAR1.SGM 14JAR1 $4,404 44,043 2,202,123 320 320 11,011 55,052 2,202,123 11,011 55,052 2,202,123 4,404 44,043 2,202,123 55,052 55,052 4,404 44,043 2,202,123 11,011 55,052 2,202,123 11,011 55,052 2,202,123 362,217 3,198 55,052 4,404 44,043 2,202,123 320 11,011 55,052 2314 Federal Register / Vol. 87, No. 10 / Friday, January 14, 2022 / Rules and Regulations TABLE 1 TO PARAGRAPH (b)—Continued Adjusted civil money penalty Statute Third Tier ...................................................................................................................................................................................... 12 U.S.C. 3110(a) ................................................................................................................................................................................ 12 U.S.C. 3110(c): First Tier ....................................................................................................................................................................................... Second Tier .................................................................................................................................................................................. Third Tier ...................................................................................................................................................................................... 12 U.S.C. 3909(d) ................................................................................................................................................................................ 15 U.S.C. 78u–2(b)(1): For a natural person ..................................................................................................................................................................... For any other person .................................................................................................................................................................... 15 U.S.C. 78u–2(b)(2): For a natural person ..................................................................................................................................................................... For any other person .................................................................................................................................................................... 15 U.S.C. 78u–2(b)(3): For a natural person ..................................................................................................................................................................... For any other person .................................................................................................................................................................... 15 U.S.C. 1639e(k)(1) ......................................................................................................................................................................... 15 U.S.C. 1639e(k)(2) ......................................................................................................................................................................... 42 U.S.C. 4012a(f)(5) .......................................................................................................................................................................... By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority. Ann Misback, Secretary of the Board. [FR Doc. 2022–00592 Filed 1–13–22; 8:45 am] BILLING CODE 6210–01–P BUREAU OF CONSUMER FINANCIAL PROTECTION 12 CFR Part 1083 Civil Penalty Inflation Adjustments Bureau of Consumer Financial Protection. ACTION: Final rule. AGENCY: The Bureau of Consumer Financial Protection (Bureau) is adjusting for inflation the maximum amount of each civil penalty within the Bureau’s jurisdiction. These adjustments are required by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and further amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (Inflation Adjustment Act). The inflation adjustments mandated by the Inflation Adjustment Act serve to maintain the deterrent effect of civil penalties and to promote compliance with the law. DATES: This final rule is effective January 15, 2022. FOR FURTHER INFORMATION CONTACT: Willie Williams, Paralegal Specialist; Lanique Eubanks, Senior Counsel, Office of Regulations, at (202) 435–7700. If you require this document in an lotter on DSK11XQN23PROD with RULES1 SUMMARY: VerDate Sep<11>2014 16:05 Jan 13, 2022 Jkt 256001 alternative electronic format, please contact CFPB_Accessibility@cfpb.gov. SUPPLEMENTARY INFORMATION: I. Background The Federal Civil Penalties Inflation Adjustment Act of 1990,1 as amended by the Debt Collection Improvement Act of 1996 2 and further amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (Inflation Adjustment Act),3 directs Federal agencies to adjust for inflation the civil penalty amounts within their jurisdiction not later than July 1, 2016, and then not later than January 15 every year thereafter.4 Each agency was required to make the 2016 one-time catch-up adjustments through an interim final rule published in the Federal Register. On June 14, 2016, the Bureau published its interim final rule (IFR) to make the initial catch-up adjustments to civil penalties within the Bureau’s jurisdiction.5 The June 2016 IFR created a new part 1083 and in 1083.1 established the inflation-adjusted maximum amounts for each civil penalty within the Bureau’s 1 Public Law 101–410, 104 Stat. 890. Law 104–134, sec. 31001(s)(1), 110 Stat. 1321, 1321–373. 3 Public Law 114–74, sec. 701, 129 Stat. 584, 599. 4 Section 1301(a) of the Federal Reports Elimination Act of 1998, Public Law 105–362, 112 Stat. 3293, also amended the Inflation Adjustment Act by striking section 6, which contained annual reporting requirements, and redesignating section 7 as section 6, but did not alter the civil penalty adjustment requirements; 28 U.S.C. 2461 note. 5 81 FR 38569 (June 14, 2016). Although the Bureau was not obligated to solicit comments for the interim final rule, the Bureau invited public comment and received none. 2 Public PO 00000 Frm 00006 Fmt 4700 Sfmt 4700 2,202,123 50,326 4,027 40,259 2,013,008 2,739 10,360 103,591 103,591 517,955 207,183 1,035,909 12,647 25,293 2,392 jurisdiction.6 The Bureau finalized the IFR on January 31, 2019.7 The Inflation Adjustment Act also requires subsequent adjustments to be made annually, not later than January 15, and notwithstanding section 553 of the Administrative Procedure Act (APA).8 The Bureau annually adjusted its civil penalty amounts, as required by the Act, through rules issued in January 2017, January 2018, January 2019, January 2020, and January 2021.9 Specifically, the Act directs Federal agencies to adjust annually each civil penalty provided by law within the jurisdiction of the agency by the ‘‘costof-living adjustment.’’ 10 The ‘‘cost-ofliving adjustment’’ is defined as the percentage (if any) by which the Consumer Price Index for all-urban consumers (CPI–U) for the month of October preceding the date of the adjustment, exceeds the CPI–U for 6 See 12 CFR 1083.1. FR 517 (Jan. 31, 2019). 8 Inflation Adjustment Act section 4, codified at 28 U.S.C. 2461 note. As discussed in guidance issued by the Director of the Office of Management and Budget (OMB), the APA generally requires notice, an opportunity for comment, and a delay in effective date for certain rulemakings, but the Inflation Adjustment Act provides that these procedures are not required for agencies to issue regulations implementing the annual adjustment. See Memorandum for the Heads of Exec. Dep’ts & Agencies from Shalanda D. Young, Acting Director, Implementation of Penalty Inflation Adjustments for 2022, Pursuant to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, Off. of Mgmt. & Budget (Dec. 15, 2021), available at https://www.whitehouse.gov/wpcontent/uploads/2021/12/M-22-07.pdf. 9 82 FR 3601 (Jan. 12, 2017); 83 FR 1525 (Jan. 12, 2018); 84 FR 517 (Jan. 31, 2019); 85 FR 2012 (Jan. 14, 2020); 86 FR 3767 (Jan. 15, 2021). 10 Inflation Adjustment Act sections 4 and 5, codified at 28 U.S.C. 2461 note. 7 84 E:\FR\FM\14JAR1.SGM 14JAR1

Agencies

[Federal Register Volume 87, Number 10 (Friday, January 14, 2022)]
[Rules and Regulations]
[Pages 2312-2314]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-00592]


=======================================================================
-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM

12 CFR Part 263

[Docket No. R-1759]
RIN 7100-AG22


Rules of Practice for Hearings

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: The Board of Governors of the Federal Reserve System (the 
``Board'') is issuing a final rule amending its rules of practice and 
procedure to adjust the amount of each civil money penalty (``CMP'') 
provided by law within its jurisdiction to account for inflation as 
required by the Federal Civil Penalties Inflation Adjustment Act 
Improvements Act of 2015.

DATES: This final rule is effective on January 14, 2022.

FOR FURTHER INFORMATION CONTACT: Thomas O. Kelly, Senior Counsel (202-
974-7059), Legal Division, Board of Governors of the Federal Reserve 
System, 20th Street and Constitution Ave. NW, Washington, DC 20551. You 
may also contact us at https://www.federalreserve.gov/apps/ContactUs/feedback.aspx, choose Staff Group: Regulations.

SUPPLEMENTARY INFORMATION:

Federal Civil Penalties Inflation Adjustment Act

    The Federal Civil Penalties Inflation Adjustment Act of 1990, 28 
U.S.C. 2461 note (``FCPIA Act''), requires federal agencies to adjust, 
by regulation, the CMPs within their jurisdiction to account for 
inflation. The Federal Civil Penalties Inflation Adjustment Act 
Improvements Act of 2015 (the ``2015 Act'') \1\ amended the FCPIA Act 
to require federal agencies to make annual adjustments not later than 
January 15 of every year.\2\ The Board is now issuing a new final rule 
to set the CMP levels pursuant to the required annual adjustment for 
2022. The Board will apply these adjusted maximum penalty levels to any 
penalties assessed on or after January 14, 2022, whose associated 
violations occurred on or after November 2, 2015. Penalties assessed 
for violations occurring prior to November 2, 2015 will be subject to 
the amounts set in the Board's 2012 adjustment pursuant to the FCPIA 
Act.\3\
---------------------------------------------------------------------------

    \1\ Public Law 114-74, 129 Stat. 599 (2015) (codified at 28 
U.S.C. 2461 note).
    \2\ 28 U.S.C. 2461 note, section 4(b)(1).
    \3\ 77 FR 68680 (Nov. 16, 2012).
---------------------------------------------------------------------------

    Under the 2015 Act, the annual adjustment to be made for 2022 is 
the percentage by which the Consumer Price Index for the month of 
October 2021 exceeds the Consumer Price Index for the month of October 
2020. On December 15, 2021, as directed by the 2015 Act, the Office of 
Management and Budget (OMB) issued guidance to affected agencies on 
implementing the required annual adjustment which included the relevant 
inflation multiplier.\4\ Using OMB's multiplier, the Board calculated 
the adjusted penalties for its CMPs, rounding the penalties to the 
nearest dollar.\5\
---------------------------------------------------------------------------

    \4\ OMB Memorandum M-22-07, Implementation of Penalty Inflation 
Adjustments for 2022, Pursuant to the Federal Civil Penalties 
Inflation Adjustment Act Improvements Act of 2015 (Dec. 15, 2021).
    \5\ Under the 2015 Act and implementing OMB guidance, agencies 
are not required to make an adjustment to a CMP if, during the 12 
months preceding the required adjustment, such penalty increased due 
to a law other than the 2015 Act by an amount greater than the 
amount of the required adjustment. No other laws have adjusted the 
CMPs within the Board's jurisdiction during the preceding 12 months.
---------------------------------------------------------------------------

Administrative Procedure Act

    The 2015 Act states that agencies shall make the annual adjustment 
``notwithstanding section 553 of title 5, United States Code.'' 
Therefore, this rule is not subject to the provisions of the 
Administrative Procedure Act (the ``APA''), 5 U.S.C. 553, requiring 
notice, public participation, and deferred effective date.

Regulatory Flexibility Act

    The Regulatory Flexibility Act, 5 U.S.C. 601 et seq., requires a 
regulatory flexibility analysis only for rules for which an agency is 
required to publish

[[Page 2313]]

a general notice of proposed rulemaking. Because the 2015 Act states 
that agencies' annual adjustments are to be made notwithstanding 
section 553 of title 5 of United States Code--the APA section requiring 
notice of proposed rulemaking--the Board is not publishing a notice of 
proposed rulemaking. Therefore, the Regulatory Flexibility Act does not 
apply.

Paperwork Reduction Act

    There is no collection of information required by this final rule 
that would be subject to the Paperwork Reduction Act of 1995, 44 U.S.C. 
3501 et seq.

List of Subjects in 12 CFR Part 263

    Administrative practice and procedure, Claims, Crime, Equal access 
to justice, Lawyers, Penalties.

Authority and Issuance

    For the reasons set forth in the preamble, the Board amends 12 CFR 
part 263 as follows:

PART 263--RULES OF PRACTICE FOR HEARINGS

0
1. The authority citation for part 263 continues to read as follows:

    Authority:  5 U.S.C. 504, 554-557; 12 U.S.C. 248, 324, 334, 
347a, 504, 505, 1464, 1467, 1467a, 1817(j), 1818, 1820(k), 1829, 
1831o, 1831p-1, 1832(c), 1847(b), 1847(d), 1884, 1972(2)(F), 3105, 
3108, 3110, 3349, 3907, 3909(d), 4717; 15 U.S.C. 21, 78l(i), 78o-4, 
78o-5, 78u-2; 1639e(k); 28 U.S.C. 2461 note; 31 U.S.C. 5321; and 42 
U.S.C. 4012a.


0
2. Section 263.65 is revised to read as follows:


Sec.  263.65  Civil money penalty inflation adjustments.

    (a) Inflation adjustments. In accordance with the Federal Civil 
Penalties Inflation Adjustment Act Improvements Act of 2015, which 
further amended the Federal Civil Penalties Inflation Adjustment Act of 
1990, the Board has set forth in paragraph (b) of this section the 
adjusted maximum amounts for each civil money penalty provided by law 
within the Board's jurisdiction. The authorizing statutes contain the 
complete provisions under which the Board may seek a civil money 
penalty. The adjusted civil money penalties apply only to penalties 
assessed on or after January 14, 2022, whose associated violations 
occurred on or after November 2, 2015.
    (b) Maximum civil money penalties. The maximum (or, in the cases of 
12 U.S.C. 334 and 1832(c), fixed) civil money penalties as set forth in 
the referenced statutory sections are set forth in the table in this 
paragraph (b).

                        Table 1 to Paragraph (b)
------------------------------------------------------------------------
                                                          Adjusted civil
                         Statute                           money penalty
------------------------------------------------------------------------
12 U.S.C. 324:
    Inadvertently late or misleading reports, inter alia          $4,404
    Other late or misleading reports, inter alia........          44,043
    Knowingly or reckless false or misleading reports,         2,202,123
     inter alia.........................................
12 U.S.C. 334...........................................             320
12 U.S.C. 374a..........................................             320
12 U.S.C. 504:
    First Tier..........................................          11,011
    Second Tier.........................................          55,052
    Third Tier..........................................       2,202,123
12 U.S.C. 505:
    First Tier..........................................          11,011
    Second Tier.........................................          55,052
    Third Tier..........................................       2,202,123
12 U.S.C. 1464(v)(4)....................................           4,404
12 U.S.C. 1464(v)(5)....................................          44,043
12 U.S.C. 1464(v)(6)....................................       2,202,123
12 U.S.C. 1467a(i)(2)...................................          55,052
12 U.S.C. 1467a(i)(3)...................................          55,052
12 U.S.C. 1467a(r):
    First Tier..........................................           4,404
    Second Tier.........................................          44,043
    Third Tier..........................................       2,202,123
12 U.S.C. 1817(j)(16):
    First Tier..........................................          11,011
    Second Tier.........................................          55,052
    Third Tier..........................................       2,202,123
12 U.S.C. 1818(i)(2):
    First Tier..........................................          11,011
    Second Tier.........................................          55,052
    Third Tier..........................................       2,202,123
12 U.S.C. 1820(k)(6)(A)(ii).............................         362,217
12 U.S.C. 1832(c).......................................           3,198
12 U.S.C. 1847(b).......................................          55,052
12 U.S.C. 1847(d):
    First Tier..........................................           4,404
    Second Tier.........................................          44,043
    Third Tier..........................................       2,202,123
12 U.S.C. 1884..........................................             320
12 U.S.C. 1972(2)(F):
    First Tier..........................................          11,011
    Second Tier.........................................          55,052

[[Page 2314]]

 
    Third Tier..........................................       2,202,123
12 U.S.C. 3110(a).......................................          50,326
12 U.S.C. 3110(c):
    First Tier..........................................           4,027
    Second Tier.........................................          40,259
    Third Tier..........................................       2,013,008
12 U.S.C. 3909(d).......................................           2,739
15 U.S.C. 78u-2(b)(1):
    For a natural person................................          10,360
    For any other person................................         103,591
15 U.S.C. 78u-2(b)(2):
    For a natural person................................         103,591
    For any other person................................         517,955
15 U.S.C. 78u-2(b)(3):
    For a natural person................................         207,183
    For any other person................................       1,035,909
15 U.S.C. 1639e(k)(1)...................................          12,647
15 U.S.C. 1639e(k)(2)...................................          25,293
42 U.S.C. 4012a(f)(5)...................................           2,392
------------------------------------------------------------------------


    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority.
Ann Misback,
Secretary of the Board.
[FR Doc. 2022-00592 Filed 1-13-22; 8:45 am]
BILLING CODE 6210-01-P