14 Jan 2025
⚖️Inflation Adjustments for Civil Money Penalties Effective 2025
Rules of Practice and Procedure; Adjusting Civil Money Penalties for Inflation
Summary
This rule implements inflation adjustments to civil money penalties (CMPs) that the Farm Credit System Insurance Corporation (FCSIC) may impose under the Farm Credit Act of 1971, as amended. These adjustments are required by 2015 amendments to the Federal Civil Penalties Inflation Adjustment Act of 1990.
Agencies
- Farm Credit System Insurance Corporation
Business Impact
$$ - Med
This regulation will impact business owners by increasing the civil money penalties for non-compliance with required financial filing and employment conditions, effective January 14, 2025. The adjustments reflect inflation and mandatory compliance, requiring businesses to adhere to heightened financial obligations.