Civil Fines Jump Across Agencies Under Inflation Adjustment Act
Civil fines across federal agencies have recently been increased dramatically under the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (2015 Act) (Sec. 701 of Public Law 114-74), with some more than doubling, according to an article published by Wilmer Cutler Pickering Hale and Dorr LLP.
“Companies violating the Hart-Scott-Rodino (HSR) Improvements Act, the Securities Exchange Act, or the Occupational Safety and Health Act (OSHA), among others, could soon face civil monetary penalties that are up to 150% higher than the existing levels. According to the Congressional Budget Office, the 2015 Act would increase the federal government’s revenue by $1.3 billion over the next ten years,” the article says.
The authors provide a chart listing some of the notable increases in federal civil fines under the 2015 Act.
