Today, FMCSA will publish a final rule that adjusts the agency’s civil penalties to account for inflation. The rule is in accordance with a 2015 law that requires federal agencies to make an initial “catch up” inflation adjustment in 2016, and annual changes thereafter. The law also amends how inflation adjustments are calculated to ensure that penalties will be adjusted to reflect actual calculated inflation. Specifically, penalty adjustments will be calculated using a multiplier to account for any increase in the Consumer Price Index between October of the current year and the CPI for October of the calendar year in which the penalty was originally established. FMCSA is updating the interim final rule that went into effect on August 1, 2016. The new penalty schedule, to be codified in Appendix B to 49 C.F.R. Part 386, can be found starting on page 8 of the notice.
Information Provided by ATA
Posted on Wed, April 12, 2017
by Rebecca Chappell filed under