Federal Civil Penalties Inflation Adjustment Act of 1987

hearing before the Subcommittee on Oversight of Government Management of the Committee on Governmental Affairs, United States Senate, [One Hundredth Congress], second session, on S. 1014 ... February 29, 1988.
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Civil penalties -- United States., Inflation (Finance) -- United St

Places

United St

SeriesS. hrg. ;, 100-619
Classifications
LC ClassificationsKF26 .G676 1988c
The Physical Object
Paginationiv, 236 p. ;
ID Numbers
Open LibraryOL2149531M
LC Control Number88602264

Sectionadded to ERISA by the Omnibus Budget Reconciliation Act ofauthorizes PBGC to assess a civil penalty of up to $1, a day for failure to provide a notice or other material information under subtitles A, B, and C of title IV and sections (k)(4) and (g)(4) of title I of ERISA.

Adjustment of Civil Penalties. Section 4 of the Federal Civil Penalties Inflation Adjustment Act ( Pub.Stat. ; 28 U.S.C. note), as amended by the Debt Collection Improvement Act of (Pub.Stat.

) and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of (Pub.Stat.28 U.S.C. This bill was introduced in the th Congress, which met from Jan 6, to Legislation not enacted by the end of a Congress is cleared from the books.

Legislation not enacted by the end of a Congress is cleared from the books. Requires the report to include modifications to existing law required to increase civil monetary penalties by the cost-of-living adjustment.

Requires the President to make an annual report to the Congress on the amount and number of civil monetary penalties imposed and collected and legislative recommendations for modifications to such penalties.

(a) The maximum amount of each civil penalty within the jurisdiction of the Consumer Financial Protection Bureau to impose is adjusted in accordance with the Federal Civil Penalties Inflation Adjustment Act ofas amended by the Debt Collection Improvement Act of and further amended by the Federal Civil Penalties Inflation Adjustment.

The Federal Civil Penalties Inflation Adjustment Act of (Pub. ) (FCPIA of ) required that all civil monetary penalties, including the OCSLA maximum civil penalty amount, be adjusted at least once every 4 years.

Pursuant to OCSLA and the FCPIA ofthe OCSLA maximum civil penalty amount was last adjusted in rows  The Federal Civil Penalties Inflation Adjustment Act Improvements Act of. which further amended the Federal Civil Penalties Inflation Adjustment Act of (the Inflation Adjustment Act) (Public Law ), to improve the effectiveness of civil monetary penalties and.

(a) Inflation adjustments. In accordance with the Federal Civil Penalties Inflation Adjustment Act Improvements Act ofwhich further amended the Federal Civil Penalties Inflation Adjustment Act ofthe 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.

S. ( st): Federal Civil Penalties Inflation Adjustment Act of React to this bill with an emoji Save your opinion on this bill on a six-point scale from strongly oppose to strongly support.

Federal Civil Penalties Inflation Federal Civil Penalties Inflation Adjustment Act of 1987 book Act of hearing before the Subcommittee on Oversight of Government Management of the Committee on Governmental Affairs, United States Senate, [One Hundredth Congress], second session, on S.

to increase civil monetary penalties based on the effect of inflation, Febru Adjustment of civil monetary penalty amount.

Details Federal Civil Penalties Inflation Adjustment Act of 1987 EPUB

(a) Inflation adjustment. Any penalty under the Act and these regulations may not exceed the greater of $1, and, in the case of any failure to pay, charge, collect or remit amounts in accordance with the Act or these regulations such amount in dispute.

The Federal Civil Penalties Inflation Adjustment Act ofPublic Law –, 28 U.S.C. note (Adjustment Act), provides for the regular evaluation of civil monetary penalties to ensure that they continue to maintain their deterrent effect and that penalty amounts due the Federal Government are properly accounted for and collected.

The Federal Civil Penalties Inflation Adjustment Act of allowed federal agencies to make certain inflation adjustments to civil monetary penalties that could be imposed under laws they enforce.

Table 1 identifies the statutes administered by the Coast Guard that authorize a civil monetary penalty. The “adjusted maximum penalty” is the maximum penalty authorized by the Federal Civil Penalties Inflation Adjustment Act ofas amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act ofas determined by the Coast Guard.

Get this from a library. Federal Civil Penalties Inflation Adjustment Act of hearing before the Subcommittee on Oversight of Government Management of the Committee on Governmental Affairs, United States Senate, [One Hundredth Congress], second session, on S. Febru [United States. Congress. Senate.

Committee on Governmental. Earlier this year, GAO initiated a review of the implementation of the Federal Civil Penalties Inflation Adjustment Act of This act generally requires federal agencies to issue regulations adjusting their covered civil monetary penalties for changes in the cost of living by Octoand to make necessary adjustments at least once every four years.

3 Federal Civil Penalties Inflation Adjustment Act oflPub.§ 4(a)(l), Stat. (amended ) (codified as amended at28 U.S.C.

§ note). 4 Annual inflation adjustments are based on the percent change between October CPI-U preceding date of adjustment, and the prior year's October Size: 2MB.

(2) The penalty imposed for the unlawful transportation of passengers between coastwise points is $ for each passenger so transported and landed on or before November 2,and $ for each passenger so transported and landed after November 2, (46 U.S.C.as adjusted by the Federal Civil Penalties Inflation Adjustment Act.

Section 4 of the Federal Civil Penalties Inflation Adjustment Act ( Pub. –, Stat. ; 28 U.S.C. note), as amended by the Debt Collection Improvement Act of (Pub. –, Stat. – ) and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of (Pub. –74, Stat. The United States Code is meant to be an organized, logical compilation of the laws passed by Congress.

At its top level, it divides the world of legislation into fifty topically-organized Titles, and each Title is further subdivided into any number of logical subtopics.

Download Federal Civil Penalties Inflation Adjustment Act of 1987 PDF

The Federal Reserve Board on Friday announced that it has finalized a rule adjusting the Board's maximum civil money penalties, as required by law. In Novembera law was passed that requires all federal agencies to adjust their maximum civil money penalty limits annually for inflation, rather than every four years as previously required.

Under Federal Civil Penalties Inflation Adjustment Act Improvements Act ofPub.§Stat. (Nov. 2, ), to be codified at 28 U.S.C. § note Sec. 5(C), the maximum adjustment shall not exceed % of the amount of the most recently established penalty.

Recommendation – Inflation Adjustment Act addresses agency adjustments to civil monetary penalties under the Federal Civil Penalties Inflation Adjustment Act (28 U.S.C. note).The recommendation urges Congress to change the current statutory framework by which agencies periodically adjust their penalties to address three provisions that result in penalty.

On July 1,the Office of Foreign Assets Control (OFAC) issued regulations to implement the Federal Civil Penalties Inflation Adjustment Act of These regulations, which will be effective August 1,adjust for inflation the maximum amount of the civil monetary penalties that may be assessed under relevant OFAC regulations.

The Federal Civil Penalties Inflation Adjustment Act Improvements Act ofPub.sec.Stat.("the Act") amended the Federal Civil Penalties Inflation Adjustment Act of (the "Inflation Adjustment Act") concerning adjustment of civil penalties for inflation by federal agencies.

The False Claims Act, as amended, established a civil penalty of “not less than $5, and not more than $10, as adjusted by the Federal Civil Penalties Inflation Adjustment Act of ,” in addition to treble damages. Under the Federal Civil Penalties Inflation Adjustment Act, the civil penalties under the False Claims Act have.

Federal Civil Penalties Inflation Adjustment Act Improvements Act of Pub.title VII,SecNov.

Description Federal Civil Penalties Inflation Adjustment Act of 1987 PDF

2,Stat. Short title, see 28 U.S.C. 1 note. Section Title. [This Act may be cited as the ``Federal Civil Penalties Inflation Adjustment Act of ´´. Sec. gs and Purpose. [(a) FINDINGS.— The Congress finds that— (1) the power of Federal agencies to impose civil monetary penalties for violations of Federal law and regulations plays an important role in deterring violations and.

OMB issued guidance on calculating the catch-up adjustment in accordance with the Act. See FebruMemorandum for the Heads of Executive Departments and Agencies, from Shaun Donovan, Director, Office of Management and Budget, re: Implementation of the Federal Civil Penalties Inflation Adjustment Act Improvements Act of.

( Adjustment Act),1 which further amended the Federal Civil Penalties Inflation Adjustment Act of ( Adjustment Act),2 requires the head of each federal agency to issue an “interim final rule” by July 1, adjusting for inflation each “civil monetary penalty” provided by law within the agency’s jurisdiction.

The agency mustFile Size: 45KB.I. The Federal Civil Penalties Inflation Adjustment Act of The Federal Civil Penalties Inflation Adjustment Act of (28 U.S.C. note, Pub. L. –) (Act) requires Federal agencies to periodically adjust certain civil monetary penalties (CMPs) for inflation. Under the Act, a CMP is defined as any penalty, fine, or other.Civil Penalties Inflation Adjustment Act of (“the Inflation Adjustment Act”) in order to adjust for inflation the civil monetary penalties for all government agencies.

The Act requires agencies to: (1) issue an interim final rule by July 1,to adjust civil monetary penalties with an initial “catch -up”.