Adjustment of Civil Monetary Penalties for Inflation

Document 2023-01596 is a Final Rule published by the Department of Education in the Federal Register on January 30, 2023, with an effective date of January 30, 2023. The Department of Education (Department) issues these final regulations to adjust the Department's civil monetary penalties (CMPs) for inflation. This adjustment is required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (2015 Act), which amended the Federal Civil Penalties Inflation Adjustment Act of 1990 (Inflation Adjustment Act). These final regulations provide the 2023 annual inflation adjustments being made to the penalty amounts in the Department's final regulations published in the Federal Register on April 20, 2022 (2022 final rule). View the original at https://www.federalregister.gov/documents/2023/01/30/2023-01596/adjustment-of-civil-monetary-penalties-for-inflation.

No. Document 2023-01596 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.