§ 622.61 - Adjustment of civil money penalties by the rate of inflation under the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended.

§ 622.61 Adjustment of civil money penalties by the rate of inflation under the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended.

Cross Reference

Link to an amendment published at 89 FR 2118, Jan. 12, 2024.

(a) The maximum amount of each civil money penalty within FCA's jurisdiction is adjusted in accordance with the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended (28 U.S.C. 2461 note), as follows:

(1) Amount of civil money penalty imposed under section 5.32 of the Act for violation of a final order issued under section 5.25 or 5.26 of the Act: The maximum daily amount is $2,741 830 for violations that occur on or after January 15, 20232024.

(2) Amount of civil money penalty for violation of the Act or regulations: the maximum daily amount is $1,240 280 for each violation that occurs on or after January 15, 20232024.

(b) The maximum civil money penalty amount assessed under 42 U.S.C. 4012a(f) is $2,577 661 for each violation that occurs on or after January 15, 20232024, with no cap on the total amount of penalties that can be assessed against any single institution during any calendar year.

[88 FR 21982118, Jan. 1312, 20232024]