Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 46 - Shipping |
Chapter IV - Federal Maritime Commission |
SubChapter A - General and Administrative Provisions |
Part 506 - Civil Monetary Penalty Inflation Adjustment |
§ 506.2 - Definitions.
Latest version.
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§ 506.2 Definitions.
(a) Commission means the Federal Maritime Commission.
(b) Civil Monetary Penalty means any penalty, fine, or other sanction that:
(1)
(i) Is for a specific monetary amount as provided by Federal law; or
(ii) Has a maximum amount provided by Federal law;
(2) Is assessed or enforced by the Commission pursuant to Federal law; and
(3) Is assessed or enforced pursuant to an administrative proceeding or a civil action in the Federal Courts.
(c) Consumer Price Index means the Consumer Price Index for all urban consumers published by the Department of Labor.