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SBA | RIN: 3245-AI01 | Publication ID: Spring 2023 |
Title: ●Civil Monetary Penalties Inflation Adjustments | |
Abstract:
SBA is issuing this rule to make an annual adjustment for inflation to certain of its civil monetary penalties as required by section 701 of the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. Specifically, this rule will adjust for inflation those civil monetary penalties authorized by the Small Business Act, the Small Business Investment Act of 1958, the Program Fraud Civil Remedies Act, and the Byrd Amendment to the Federal Regulation of Lobbying Act. The adjusted penalty amounts will be in effect for 2022, and will be based on the percent change between the October Consumer Price Index (CPI) preceding the date of the adjustment and the prior year's October CPI. Finally, since the statute authorizes agencies to implement the adjustments without regard to public notice and comment or delayed effective date under the Administrative Procedure Act, 5 U.S.C. 553(b)(3)(B) and (d)(3), respectively, SBA is issuing this rule as a final rule. |
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Agency: Small Business Administration(SBA) | 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: 13 CFR 107 13 CFR 120 13 CFR 142 13 CFR 146 | |
Legal Authority: Pub. L. 114-74, sec. 701 |
Legal Deadline:
None |
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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: Arlene Embrey Trial Attorney Small Business Administration 409 Third Street SW, Washington, DC 20416 Phone:202 205-6976 Email: arlene.embrey@sba.gov |