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CFTC

RIN: 3038-AE51

Publication ID: Fall 2016

Title: ●Annual Adjustment of Civil Monetary Penalties for Inflation
Abstract: The Commodity Futures Trading Commission (Commission) is amending 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 thereunder. The rule, as amended, implements the Federal Civil Penalties Inflation Adjustment Act of1990, as amended. Under the amended Act, agencies are required to publish interim final rules by January 15, 2017, unless the amount of the prior year’s inflation adjustment is greater than the proposed inflation adjustment required under Section 4(a) of the Act.
Agency: Commodity Futures Trading Commission(CFTC)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
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 and 9a 7 U.S.C. 12a(5) 7 U.S.C. 13(a) 7 U.S.C. 13a-1(d) 7 U.S.C. 15 28 U.S.C. 2461 note 31 U.S.C. 3701 to 3719

Legal Deadline:

Action	Source	Description	Date
NPRM	Statutory		01/15/2017

Overall Description of Deadline: Agencies are required to publish interim final rules by January 15, 2017, unless the amount of the prior year's inflation adjustment is greater than the proposed inflation adjustment required under Section 4(a) Federal Civil Penalties Inflation Adjustment Act of 1990.

Timetable:

Action	Date	FR Cite
Interim Final Rule	01/00/2017

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