FTC Publishes Inflation-Adjusted Civil Penalty Amounts for 2024

Share This Post

The Federal Trade Commission has adjusted the maximum civil penalty dollar amounts for violations of 16 provisions of law the FTC enforces, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The Act directs agencies to implement annual inflation adjustments based on a prescribed formula. The new maximum civil penalty amounts became effective once they were published in the Federal Register on January 10.

The maximum civil penalty amount has increased from $50,120 to $51,744 for violations of Sections 5(l), 5(m)(1)(A), and 5(m)(1)(B) of the FTC Act, Section 7A(g)(l) of the Clayton Act, and Section 525(b) of the Energy Policy and Conservation Act. It has increased from $659 to $680 for violations of Section 10 of the FTC Act.

The maximum civil penalty amount has increased from $1,426,319 to $1,472,546 for violations of Section 814(a) of the Energy Independence and Security Act of 2007. The maximum civil penalty amounts for other law violations within the agency’s jurisdiction are listed in the Federal Register notice. The Commission vote to publish the Federal Register notice amending Commission Rule 1.98 was 3-0

Official news published at https://www.ftc.gov/news-events/news/press-releases/2024/01/ftc-publishes-inflation-adjusted-civil-penalty-amounts-2024

Related Posts

Kids Get in Free: High School Baseball National Championship Series, Presented by Stinger Sports, Set for June 27-30 at Charles Schwab Field, Omaha, NE

The best-of-the-best high school baseball players from across the country are coming to Omaha. See the stars of tomorrow battle it out on the biggest stage. ...

FTC Data Shows Major Increases in Cash Payments to Government Impersonation Scammers

New Federal Trade Commission data reveals that government impersonation...

Introducing $UTHX, the Preeminent Metaverse Token on the Solana Blockchain

Utherverse (Utherverse.io) announces the August 2024 launch of $UTHX Utherverse Utherverse LOS ANGELES, June 14, ...

SWTHZ (SweatHouz) Appoints Dr. Susanna Søberg, PhD as Lead Science and Education Advisor

ATLANTA, June 13, 2024 (Newswire.com) - SWTHZ, the leader in boutique wellness and contrast therapy, is excited to announce the appointment of Dr. Susanna Søb...

Two Leading Student Transportation Technology Groups Announce Integration to Serve Joint Customers

Bytecurve and BusPlanner integration delivers opportunity for improved performance for hundreds of school bus fleets ...
green agriculture project
- Part of VUGA Media group -best seo company