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TREAS/OCC

RIN: 1557-AD11

Publication ID: Spring 2009

Title: Rules of Practice and Procedure; Civil Money Penalty Inflation Adjustments
Abstract: The OCC issued a final rule to adjust the maximum amount of each civil money penalty (CMP) within its jurisdiction to account for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act of 1990. 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: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	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:

Action	Source	Description	Date
Final	Statutory	Adjustment must be made every four years.	10/23/2008

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.

Timetable:

Action	Date	FR Cite
Final Action	11/10/2008	73 FR 66493
Final Action Effective	12/10/2008

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