Federal Maritime Commission June 30, 2016 – Federal Register Recent Federal Regulation Documents

Inflation Adjustment of Civil Monetary Penalties
Document Number: 2016-15569
Type: Rule
Date: 2016-06-30
Agency: Federal Maritime Commission, Agencies and Commissions
This rule implements the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (2015 Act) (Sec. 701 of Pub. L. 11-74). The rule adjusts the maximum amount of each statutory civil penalty subject to Federal Maritime Commission (Commission) jurisdiction for inflation, in accordance with the requirements of that Act. The 2015 Act requires that agencies publish a catch-up adjustment in the penalties in an interim rule by July 1, 2016, and that agencies adjust penalties yearly thereafter.