14 Jan 2025
💼2025 Annual Adjustment of Civil Monetary Penalties by AmeriCorps
Annual Civil Monetary Penalties Inflation Adjustment
Summary
The Corporation for National and Community Service, which operates as AmeriCorps, is updating its regulations to reflect required annual inflation-related increases to the civil monetary penalties under the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (Act) and Office of Management and Budget (OMB) guidance.
Agencies
- Corporation for National and Community Service
Business Impact
$$ - Med
The regulation updates civil monetary penalties, which can directly impact business owners and executives who may face increased fines for non-compliance, particularly regarding lobbying restrictions and program fraud. The changes necessitate vigilance in compliance practices to avoid higher financial liabilities.