US Treasury, State, and Commerce - Monetary Penalty Increases Last Two Years
/The Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (the "Act") required federal agencies to adjust their maximum allowable civil monetary penalties ("CMPs") annually. The initial "catch-up" adjustments occurred in 2016; and now the first annual adjustments have been finalized by the US Department of Commerce's Bureau of Industry and Security ("BIS"), the US Treasury Department's Office of Foreign Assets Control ("OFAC"), and the US Department of State's Directorate of Defense Trade Control ("DDTC"). The chart below provides a reference for the original, 2016 "catch-up", and 2017 annual adjustment penalty amounts.
Key Terms:
- IEEPA - International Emergency Economic Powers Act
- TWEA - Trading with the Enemy Act
- FNKDA - Foreign Narcotics Kingpin Designation Act
- AEDPA - Antiterrorism and Effective Death Penalty Act
- CDTA - Clean Diamond Trade Act
- AECA - Arms Export Control Act
Key Links:
- (81 FR 95432 - 95435) Department of Commerce Civil Monetary Penalty Adjustments for Inflation - Wednesday, December 28, 2016
- (81 FR 36454 - 36458) Department of Commerce Civil Monetary Penalty Adjustments for Inflation - Tuesday, June 7, 2016
- (81 FR 10434 - 10440) Department of the Treasury Inflation Adjustment of Civil Monetary Penalties - Friday, February 10, 2017
- (81 FR 43070 - 43077) Department of the Treasury Implementation of the Federal Civil Penalties Inflation Adjustment Act - Friday, July 1, 2016
- (81 FR 3168 - 3170) Department of State 2017 Civil Monetary Penalties Inflationary Adjustment - Wednesday, January 11, 2017
- DDTC Civil Penalty Inflation Adjustments
