Adjustment of Civil Monetary Penalties for Inflation (CRS Report for Congress)
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| Release Date |
Feb. 11, 2008 |
| Report Number |
RL34368 |
| Report Type |
Report |
| Authors |
Curtis W. Copeland, Government and Finance Division |
| Source Agency |
Congressional Research Service |
Summary:
Civil monetary penalties are one way agencies enforce federal laws andregulations. The minimum and maximum size of civil penalties may be establishedadministratively by federal agencies, or may be established in statute. Over time,inflation can reduce the original deterrent value of civil penalties. To prevent thatfrom happening, in 1996, Congress amended the Federal Civil Penalties InflationAdjustment Act of 1990 ("Inflation Adjustment Act") and required federal agenciesto adjust their covered penalties for inflation by October 1996; and to examine theircovered penalties at least once every four years thereafter and make any requiredpenalty adjustments.
