💼DoD Adjusts Civil Monetary Penalties for Inflation
Civil Monetary Penalty Inflation Adjustment
Summary
The DoD is issuing this final rule to adjust each of its statutory civil monetary penalties (CMP) to account for inflation. The Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (the 2015 Act), requires the head of each agency to adjust for inflation its CMP levels in effect as of November 2, 2015, under a revised methodology that was effective for 2016 and for each year thereafter.
Agencies
- Defense Department
- N/A
Business Impact
$$ - Med
The regulation involves compliance requirements due to the inflation adjustment of civil monetary penalties by the Department of Defense, which directly affects businesses that may face penalties. This adjustment impacts financial exposure for violations related to DoD jurisdiction.