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CFTC RIN: 3038-AE45 Publication ID: Fall 2016 
Title: ●Initial Adjustment of Civil Monetary Penalties for Inflation 
Abstract:

The Commodity Futures Trading Commission (Commission) amended Rule143.8, its rule that governs the maximum amount of civil monetary penalties, to adjust for inflation.  This rule sets forth the maximum, inflation-adjusted dollar amount for civil monetary penalties (CMPs) assessable for violations of the Commodity Exchange Act (CEA) and Commission rules, regulations and orders there under.  The rule, as amended, implements the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended.  Under the amended Act, agencies were required to publish interim final rules with the initial penalty adjustment amounts by July 1, 2016, and the new penalty levels were required to take effect no later than August 1, 2016.

 
Agency: Commodity Futures Trading Commission(CFTC)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 17 CFR section 143.8     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 7 U.S.C. 9    7 U.S.C. 9a    7 U.S.C. 12a(5)    7 U.S.C. 13(a)    7 U.S.C. 13a-1(d)    7 U.S.C. 13(a)    7 U.S.C. 15    31 U.S.C. 3701 to 3719    28 U.S.C. 2461 note   
Legal Deadline:
Action Source Description Date
Final  Statutory    08/01/2016 

Overall Description of Deadline: Agencies are required to publish interim final rules with the initial penalty adjustment amounts by July 1, 2016, and the new penalty levels must take effect no later than August 1, 2016.

Timetable:
Action Date FR Cite
Interim Final Rule  06/27/2016  81 FR 41435   
Interim Final Rule Effective  08/01/2016 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Edward J. Riccobene
Associate Chief Counsel, Division of Enforcement
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5327
Email: ericcobene@cftc.gov