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TREAS/OCC | RIN: 1557-AD11 | Publication ID: Fall 2008 |
Title: ●Rules of Practice and Procedure; Civil Money Penalty Inflation Adjustments | |
Abstract: The OCC plans to issue a final rule to adjust civil money penalties (CMPs) to account for inflation. The Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 requires federal agencies with authority to impose CMPs to publish regulations to adjust the maximum penalties for various CMPs. The purpose of these adjustments is to maintain the deterrent effect of CMPs and to promote compliance with the law. | |
Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 12 CFR 19 | |
Legal Authority: 12 USC 504 12 USC 554 to 557 12 USC 93(b) 12 USC 93a 12 USC 164 12 USC 505 12 USC 1817 and 1818 12 USC 1820 12 USC 1831m 12 USC 1831o 12 USC 1972 12 USC 3102 12 USC 3108(a) 12 USC 3909 12 USC 4717 15 USC 78(h) and 78(i) 15 USC 78o-4(c) 15 USC 78o-5 15 USC 78q-1 15 USC 78s 15 USC 78u 15 USC 78u-2 and 78u-3 15 USC 78w 28 USC 2461 note 31 USC 330 31 USC 5321 42 USC 4012a |
Legal Deadline:
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Overall Description of Deadline: The Federal Civil Penalties Inflation Adjustment Act of 1990 requires that an adjustment be made at least once every four years following the initial adjustment. |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Jean Campbell Counsel Department of the Treasury Comptroller of the Currency Legislative and Regulatory Activities Division, 400 7th Street SW., Washington, DC 20219 Phone:202 649-6293 Email: jean.campbell@occ.treas.gov |