Civil Monetary Penalty Inflation Adjustment, 2758 [2025-00472]

Download as PDF ddrumheller on DSK120RN23PROD with NOTICES1 2758 Federal Register / Vol. 90, No. 7 / Monday, January 13, 2025 / Notices agreement(s). The request(s) may propose the addition of a negotiated service agreement from the Competitive product list or the modification of an existing product currently appearing on the Competitive product list. The public portions of the Postal Service’s request(s) can be accessed via the Commission’s website (https:// www.prc.gov). Non-public portions of the Postal Service’s request(s), if any, can be accessed through compliance with the requirements of 39 CFR 3011.301.1 Section II identifies the docket number(s) associated with each Postal Service request, if any, that will be reviewed in a public proceeding as defined by 39 CFR 3010.101(p), the title of each such request, the request’s acceptance date, and the authority cited by the Postal Service for each request. For each such request, the Commission appoints an officer of the Commission to represent the interests of the general public in the proceeding, pursuant to 39 U.S.C. 505 and 39 CFR 3000.114 (Public Representative). Section II also establishes comment deadline(s) pertaining to each such request. The Commission invites comments on whether the Postal Service’s request(s) identified in Section II, if any, are consistent with the policies of title 39. Applicable statutory and regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 U.S.C. 3642, 39 CFR part 3035, and 39 CFR part 3041. Comment deadline(s) for each such request, if any, appear in Section II. Section III identifies the docket number(s) associated with each Postal Service request, if any, to add a standardized distinct product to the Competitive product list or to amend a standardized distinct product, the title of each such request, the request’s acceptance date, and the authority cited by the Postal Service for each request. Standardized distinct products are negotiated service agreements that are variations of one or more Competitive products, and for which financial models, minimum rates, and classification criteria have undergone advance Commission review. See 39 CFR 3041.110(n); 39 CFR 3041.205(a). Such requests are reviewed in summary proceedings pursuant to 39 CFR 3041.325(c)(2) and 39 CFR 3041.505(f)(1). Pursuant to 39 CFR 3041.405(c)–(d), the Commission does not appoint a Public Representative or 1 See Docket No. RM2018–3, Order Adopting Final Rules Relating to Non-Public Information, June 27, 2018, Attachment A at 19–22 (Order No. 4679). VerDate Sep<11>2014 18:48 Jan 09, 2025 Jkt 265001 request public comment in proceedings to review such requests. Civil Monetary Penalty Inflation Adjustment Act of 2015 (the 2015 Act), amended the Federal Civil Penalties Inflation Adjustment Act of 1990 (28 U.S.C. 2461 note) (Inflation Adjustment Act) to require agencies to publish regulations adjusting the amount of civil monetary penalties provided by law within the jurisdiction of the agency not later than January 15th of every year. For the 2025 annual adjustment for inflation of the maximum civil penalty under the Program Fraud Civil Remedies Act of 1986, the Board applies the formula provided by the 2015 Act and the Board’s regulations at 20 CFR part 356. In accordance with the 2015 Act, the amount of the adjustment is based on the percent increase between the Consumer Price Index (CPI–U) for the month of October preceding the date of the adjustment and the CPI–U for the October one year prior to the October immediately preceding the date of the adjustment. If there is no increase, there is no adjustment of civil penalties. The percent increase between the CPI–U for October 2023 and October 2024, as provided by Office of Management and Budget Memorandum M–25–02 (December 17, 2024) is 1.02598 percent. Therefore, the new maximum penalty under the Program Fraud Civil Remedies Act is $14,308 (the 2024 maximum penalty of $13,946 multiplied by 1.02598, rounded to the nearest dollar). The new minimum penalty under the False Claims Act is $14,308 (the 2024 minimum penalty of $13,946 multiplied by 1.02598, rounded to the nearest dollar), and the new maximum penalty is $28,618 (the 2024 maximum penalty of $27,894 multiplied by 1.02598, rounded to the nearest dollar). The adjustments in penalties will be effective January 13, 2025. Railroad Retirement Board. Notice announcing updated penalty inflation adjustments for civil monetary penalties for 2025. Dated: January 7, 2025. By Authority of the Board. Stephanie Hillyard, Secretary to the Board. As required by section 701 of the Bipartisan Budget Act of 2015, entitled the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, the Railroad Retirement Board (Board) hereby publishes its 2025 annual adjustment of civil penalties for inflation. FOR FURTHER INFORMATION CONTACT: Peter J. Orlowicz, Senior Counsel, Railroad Retirement Board, 844 North Rush Street, Chicago, IL 60611–1275, (312) 751–4922. SUPPLEMENTARY INFORMATION: Section 701 of the Bipartisan Budget Act of 2015, Public Law 114–74 (Nov. 2, 2015), entitled the Federal Civil Penalties Inflation Adjustment Act Improvements [FR Doc. 2025–00472 Filed 1–10–25; 8:45 am] II. Public Proceeding(s) 1. Docket No(s).: MC2025–1039 and K2025–1038; Filing Title: USPS Request to Add Priority Mail Express, Priority Mail & USPS Ground Advantage Contract 1239 to the Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: January 3, 2025; Filing Authority: 39 U.S.C. 3642, 39 CFR 3035.105, and 39 CFR 3041.310; Public Representative: Elsie Lee-Robbins; Comments Due: January 14, 2025. 2. Docket No(s).: MC2025–1040 and K2025–1039; Filing Title: USPS Request to Add Priority Mail Express, Priority Mail & USPS Ground Advantage Contract 1240 to the Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: January 3, 2025; Filing Authority: 39 U.S.C. 3642, 39 CFR 3035.105, and 39 CFR 3041.310; Public Representative: Almaroof Agoro; Comments Due: January 14, 2025. III. Summary Proceeding(s) None. See Section II for public proceedings. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2025–00408 Filed 1–10–25; 8:45 am] BILLING CODE 7710–FW–P RAILROAD RETIREMENT BOARD AGENCY: ACTION: SUMMARY: PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 BILLING CODE 7905–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–102121; File No. SR–BX– 2024–058] Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend BX Top and BX Depth Fees Based on the Rate of Inflation January 6, 2025. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 E:\FR\FM\13JAN1.SGM 13JAN1

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[Federal Register Volume 90, Number 7 (Monday, January 13, 2025)]
[Notices]
[Page 2758]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-00472]


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RAILROAD RETIREMENT BOARD


Civil Monetary Penalty Inflation Adjustment

AGENCY: Railroad Retirement Board.

ACTION: Notice announcing updated penalty inflation adjustments for 
civil monetary penalties for 2025.

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SUMMARY: As required by section 701 of the Bipartisan Budget Act of 
2015, entitled the Federal Civil Penalties Inflation Adjustment Act 
Improvements Act of 2015, the Railroad Retirement Board (Board) hereby 
publishes its 2025 annual adjustment of civil penalties for inflation.

FOR FURTHER INFORMATION CONTACT: Peter J. Orlowicz, Senior Counsel, 
Railroad Retirement Board, 844 North Rush Street, Chicago, IL 60611-
1275, (312) 751-4922.

SUPPLEMENTARY INFORMATION: Section 701 of the Bipartisan Budget Act of 
2015, Public Law 114-74 (Nov. 2, 2015), entitled the Federal Civil 
Penalties Inflation Adjustment Act Improvements Act of 2015 (the 2015 
Act), amended the Federal Civil Penalties Inflation Adjustment Act of 
1990 (28 U.S.C. 2461 note) (Inflation Adjustment Act) to require 
agencies to publish regulations adjusting the amount of civil monetary 
penalties provided by law within the jurisdiction of the agency not 
later than January 15th of every year.
    For the 2025 annual adjustment for inflation of the maximum civil 
penalty under the Program Fraud Civil Remedies Act of 1986, the Board 
applies the formula provided by the 2015 Act and the Board's 
regulations at 20 CFR part 356. In accordance with the 2015 Act, the 
amount of the adjustment is based on the percent increase between the 
Consumer Price Index (CPI-U) for the month of October preceding the 
date of the adjustment and the CPI-U for the October one year prior to 
the October immediately preceding the date of the adjustment. If there 
is no increase, there is no adjustment of civil penalties. The percent 
increase between the CPI-U for October 2023 and October 2024, as 
provided by Office of Management and Budget Memorandum M-25-02 
(December 17, 2024) is 1.02598 percent. Therefore, the new maximum 
penalty under the Program Fraud Civil Remedies Act is $14,308 (the 2024 
maximum penalty of $13,946 multiplied by 1.02598, rounded to the 
nearest dollar). The new minimum penalty under the False Claims Act is 
$14,308 (the 2024 minimum penalty of $13,946 multiplied by 1.02598, 
rounded to the nearest dollar), and the new maximum penalty is $28,618 
(the 2024 maximum penalty of $27,894 multiplied by 1.02598, rounded to 
the nearest dollar). The adjustments in penalties will be effective 
January 13, 2025.

    Dated: January 7, 2025.

    By Authority of the Board.
Stephanie Hillyard,
Secretary to the Board.
[FR Doc. 2025-00472 Filed 1-10-25; 8:45 am]
BILLING CODE 7905-01-P
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