Compliance, Regulatory Changes 14 Jan 2025 administrative practice and procedure, reporting and recordkeeping requirements, business compliance, natural gas, civil monetary penalties, penalties, federal energy regulatory commission, inflation adjustments, energy regulations, pipelines, electric power

⚠️Civil Monetary Penalty Inflation Adjustments by Federal Energy Commission

The Federal Energy Regulatory Commission (Commission) is issuing a final rule to amend its regulations governing the maximum civil monetary penalties assessable for violations of statutes, rules, and orders within the Commission's jurisdiction. The Federal Civil Penalties Inflation Adjustment Act of 1990, as amended most recently by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, requires the Commission to issue this final rule.

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Compliance, Financial Regulation 14 Jan 2025 compliance, farm credit, regulation, banking, financial services, penalties, banks, civil money penalties

⚖️Inflation Adjustments for Civil Money Penalties Effective 2025

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.

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Compliance, Financial Regulations 14 Jan 2025 regulations, foreign entities, reporting and recordkeeping requirements, penalties, irs, excise taxes, income taxes, tax compliance, disregarded payments, corporate tax, estate taxes, gift taxes, employment taxes

📊New IRS Regulations on Disregarded Payments and Corporate Tax

This document contains final regulations regarding certain disregarded payments that give rise to deductions for foreign tax purposes and avoid the application of the dual consolidated loss ("DCL") rules. The final regulations affect domestic corporate owners that make or receive such payments. This document also announces additional transition relief for the application of the DCL rules to certain foreign taxes that are intended to ensure that multinational enterprises pay a minimum level of tax.

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Regulatory Compliance, Financial Impact 13 Jan 2025 compliance, business regulation, federal reserve, administrative practice and procedure, inflation adjustment, penalties, claims, civil money penalties, lawyers, equal access to justice, crime

💼Federal Reserve Updates Civil Money Penalties for Inflation in 2025

The Board of Governors of the Federal Reserve System (the "Board") is issuing a final rule amending its rules of practice and procedure to adjust the amount of each civil money penalty ("CMP") provided by law within its jurisdiction to account for inflation as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.

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Compliance Requirements, Financial Impact 13 Jan 2025 regulations, environmental protection, government contracts, securities, administrative practice and procedure, reporting and recordkeeping requirements, mineral resources, penalties, investigations, environmental impact statements, oil and gas, oil pollution, civil penalties, surety bonds, boem, oil and gas exploration, department of the interior, pipelines, rights-of-way, sulfur, offshore, continental shelf

⚖️2025 Civil Penalties Adjustments for Offshore Energy Operations

This final rule implements the 2025 inflation adjustments to the maximum daily civil monetary penalties in the Bureau of Ocean Energy Management's (BOEM) regulations for violations of the Outer Continental Shelf Lands Act (OCSLA) and the Oil Pollution Act of 1990 (OPA). These inflation adjustments are made pursuant to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (Improvements Act) and Office of Management and Budget (OMB) memorandum M-25-02. The 2025 adjustment multiplier of 1.02598 accounts for 1 year of inflation from October 2023 through October 2024.

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Compliance, Regulatory Requirements 13 Jan 2025 penalties, environmental compliance, clean air act, consent decree, motor vehicle emissions, justice department
Compliance, Financial Implications 13 Jan 2025 regulatory compliance, government contracts, administrative practice and procedure, grant programs, penalties, civil penalties, loan programs, inflation adjustments, lobbying, national endowment for the arts

💼2025 Civil Penalty Adjustments by the National Endowment for the Arts

The National Endowment for the Arts (NEA) is adjusting the maximum civil monetary penalties (CMPs) that may be imposed for violations of the Program Fraud Civil Remedies Act (PFCRA) and the NEA's Restrictions on Lobbying to reflect the requirements of the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (the 2015 Act). The 2015 Act further amended the Federal Civil Penalties Inflation Adjustment Act of 1990 (the Inflation Adjustment Act) to improve the effectiveness of civil monetary penalties and to maintain their deterrent effect. This final rule provides the 2025 annual inflation adjustments to the initial "catch-up" adjustments made on June 15, 2017, and reflects all other inflation adjustments made in the interim.

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Regulatory Compliance, Financial Impact 10 Jan 2025 federal regulations, administrative practice and procedure, business compliance, natural gas, civil monetary penalties, penalties, oil and gas, inflation adjustments, indians-lands, geothermal energy, mineral royalties, public lands-mineral resources, oil and gas exploration, coal

💵2025 CMP Inflation Adjustments

Pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (referred to herein as the "Inflation Adjustment Acts"), and Office of Management and Budget ("OMB") guidance, ONRR is adjusting for inflation the civil monetary penalty ("CMP") amounts it assesses under the Federal Oil and Gas Royalty Management Act of 1982 ("FOGRMA").

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Compliance, Financial Regulations 10 Jan 2025 compliance, regulations, chemicals, government contracts, administrative practice and procedure, grant programs, reporting and recordkeeping requirements, foreign relations, civil monetary penalties, penalties, claims, investigations, financial impact, fraud, exports, loan programs, freedom of information, department of state, international organizations, arms and munitions, lobbying, classified information, crime, seizures and forfeitures

⚖️Department of State 2025 Civil Monetary Penalties Adjustment Regulations

This final rule is issued to adjust the civil monetary penalties (CMP) for regulatory provisions maintained and enforced by the Department of State. The revised CMP adjusts the amount of civil monetary penalties assessed by the Department of State based on the December 2024 guidance from the Office of Management and Budget and by recent legislation. For penalties adjusted according to the December 2024 guidance, the new amounts will apply only to those penalties assessed on or after the effective date of this rule, regardless of the date on which the underlying facts or violations occurred.

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Compliance, Regulatory Requirements, Maritime Operations 10 Jan 2025 regulations, transportation, reporting and recordkeeping requirements, penalties, vessels, waterways, navigation (water), radio, hazardous materials transportation, maritime industry, vessel compliance, st lawrence seaway

🚢New Seaway Regulations Impacting Maritime Compliance and Operations

The Great Lakes St. Lawrence Seaway Development Corporation (GLS) and the St. Lawrence Seaway Management Corporation (SLSMC) of Canada, under international agreement, jointly publish and presently administer the St. Lawrence Seaway Regulations and Rules (Practices and Procedures in Canada) in their respective jurisdictions. Under agreement with the SLSMC, the GLS is amending the joint regulations by updating the regulations and rules in various categories. These changes are to clarify existing requirements in the regulations.

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