DOSFinal Rule
Inflation Adjustment of Civil Monetary Penalties
Finance & BankingOther
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Summary
The State Department is adjusting the fines and penalties it can impose for breaking federal laws to account for inflation since these penalty amounts were last set. This means some penalties will increase to maintain their effectiveness, similar to how wages and prices go up over time.
Key Points
- 1The State Department is raising the maximum dollar amounts of fines it can issue for violations of its rules and regulations
- 2These adjustments account for inflation, meaning the fines are being increased to have the same impact they did when originally established
- 3People and organizations that violate State Department regulations could face higher financial penalties than before
- 4This is a routine administrative update that happens periodically across federal agencies to keep penalties current with the economy
- 5The specific penalty amounts that increased are detailed in the regulation, affecting various violations under State Department jurisdiction
Key Dates
Published
January 10, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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