Civil Monetary Penalty Inflation Adjustment

The Office of Management and Budget (OMB) has published its annual adjustments to civil monetary penalties (CMPs) to account for inflation, as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990. This document, GEO-2024-0001-0001, details the updated penalty amounts that various federal agencies can assess. These adjustments are applied to penalties that were originally established in dollars and are subject to inflation.

Regulated entities should review the updated penalty schedules applicable to their industry and agency oversight. While this document itself does not impose new obligations, it signifies that the maximum penalty amounts for existing violations have increased. Compliance officers must ensure their internal policies and risk assessments reflect these higher potential penalties, as enforcement actions will now be subject to these adjusted figures. No specific compliance deadline is provided, as this is an adjustment to existing penalty frameworks.