Adjustment of Civil Monetary Penalties for Inflation
Abstract
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 2024 annual inflation adjustments being made to the penalty amounts in the Department's final regulations published in the Federal Register on January 30, 2023 (2023 final rule).
Federal Register Source
This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.
View Full Text on FederalRegister.gov →Opens in new tab · federalregister.gov
Other Rules from Education
Frequently Asked Questions
What is the 2024-01449 Federal Register document?
Document 2024-01449 is a Final Rule published by the Department of Education in the Federal Register on January 25, 2024, with an effective date of January 25, 2024. 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 2024 annual inflation adjustments being made to the penalty amounts in the Department's final regulations published in the Federal Register on January 30, 2023 (2023 final rule). View the original at https://www.federalregister.gov/documents/2024/01/25/2024-01449/adjustment-of-civil-monetary-penalties-for-inflation.
Is document 2024-01449 an economically significant rule?
No. Document 2024-01449 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.