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CFTC | RIN: 3038-AF32 | Publication ID: Spring 2024 |
Title: Annual Adjustment of Civil Monetary Penalties for Inflation--2024 | |
Abstract:
The Commodity Futures Trading Commission (Commission) is amending rule 143.8, its rule that governs the maximum amount of CMPs, to adjust for inflation. This rule sets forth the maximum, inflation-adjusted dollar amount for CMPs assessable for violations of the Commodity Exchange Act and Commission rules, regulations and orders thereunder. The rule, as amended, implements the FCPIAA. Under the FCPIAA, agencies are required to publish final rules by January 15 of every year, unless, during the preceding 12 months, the penalty was increased by an amount greater than the proposed inflation adjustment required under section 4(a) of the FCPIAA. |
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Agency: Commodity Futures Trading Commission(CFTC) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Completed Actions |
Major: No | Unfunded Mandates: No |
CFR Citation: 17 CFR 143.8 | |
Legal Authority: 7 U.S.C. 9 and 9a 7 U.S.C. 12a(5) 7 U.S.C. 13(a) and 13a-1(d) 7 U.S.C. 15 28 U.S.C. 2461 note 31 U.S.C. 3701 to 3719 |
Legal Deadline:
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Overall Description of Deadline: Agencies are required to publish final rules by January 15 of every year, unless, during the preceding 12 months, the civil monetary penalty (CMP) was increased by an amount greater than the proposed inflation adjustment required under section 4(a) of the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended (FCPIAA). |
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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: 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 |