46 C.F.R. § 506.4 Cost of living adjustments of civil monetary penalties.
Title 46 - Shipping
(a) The inflation adjustment under §506.3 shall be determined by increasing the maximum civil monetary penalty for each civil monetary penalty by the cost-of-living adjustment. Any increase determined under this subsection shall be rounded to the nearest: (1) Multiple of $10 in the case of penalties less than or equal to $100; (2) Multiple of $100 in the case of penalties greater than $100 but less than or equal to $1,000; (3) Multiple of $1,000 in the case of penalties greater than $1,000 but less than or equal to $10,000; (4) Multiple of $5,000 in the case of penalties greater than $10,000 but less than or equal to $100,000; (5) Multiple of $10,000 in the case of penalties greater than $100,000 but less than or equal to $200,000; and (6) Multiple of $25,000 in the case of penalties greater than $200,000. (b) For purposes of paragraph (a) of this section, the term `cost-of-living adjustment' means the percentage (if any) for each civil monetary penalty by which the Consumer Price Index for the month of June of the calendar year preceding the adjustment, exceeds the Consumer Price Index for the month of June of the calendar year in which the amount of such civil monetary penalty was last set or adjusted pursuant to law. (c) Limitation on initial adjustment. The first adjustment of civil monetary penalty pursuant to §506.3 may not exceed 10 percent of such penalty. (d) Inflation adjustment. Maximum civil monetary penalties within the jurisdiction of the Federal Maritime Commission are adjusted for inflation as follows: [61 FR 52705, Oct. 8, 1996, as amended at 64 FR 23550, May 3, 1999; 65 FR 49741, Aug. 15, 2000]
Title 46: Shipping
PART 506—CIVIL MONETARY PENALTY INFLATION ADJUSTMENT
§ 506.4 Cost of living adjustments of civil monetary penalties.
---------------------------------------------------------------------------------------------------------------- New adjusted United States Code Citation Civil Monetary Penalty Current maximum maximum penalty description penalty amount amount----------------------------------------------------------------------------------------------------------------46 U.S.C. app. sec. 817d........................ Failure to establish 5,500 6,000 financial responsibility 220 \1\ 220 for death or injury.46 U.S.C. app. sec. 817e........................ Failure to establish 5,500 6,000 financial responsibility 220 \1\ 220 for non-performance of transportation.46 U.S.C. app. sec. 876......................... Failure to provide 5,500 6,000 required reports, etc._Merchant Marine Act of 1920.46 U.S.C. app. sec. 876......................... Adverse shipping 1,100,000 1,175,000 conditions/Merchant Marine Act of 1920.46 U.S.C. app. sec. 876......................... Operating after tariff or 55,000 60,000 service contract suspension/Merchant Marine Act of 1920.46 U.S.C. app. sec. 1710a....................... Adverse impact on U.S. 1,100,000 1,175,000 carriers by foreign shipping practices.46 U.S.C. app. sec. 1712........................ Operating in foreign 55,000 60,000 commerce after tariff suspension.46 U.S.C. app. sec. 1712........................ Knowing and willful 27,500 30,000 violation/Shipping Act of 1984 or Commission regulation or order.46 U.S.C. app. sec. 1712........................ Violation of Shipping Act 5,500 6,000 of 1984, Commission regulation or order, not knowing or willful.31 U.S.C. sec. 3802(a)(1)....................... Program Fraud Civil 5,500 6,000 Remedies Act/giving false statement.31 U.S.C. sec. 3802(a)(2)....................... Program Fraud Civil 5,500 6,000 Remedies Act/giving false statement.----------------------------------------------------------------------------------------------------------------\1\ Application of the statutory rounding resulted in no increase to these penalties.
