[Federal Register Volume 90, Number 7 (Monday, January 13, 2025)]
[Notices]
[Page 2758]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-00472]


=======================================================================
-----------------------------------------------------------------------

RAILROAD RETIREMENT BOARD


Civil Monetary Penalty Inflation Adjustment

AGENCY: Railroad Retirement Board.

ACTION: Notice announcing updated penalty inflation adjustments for 
civil monetary penalties for 2025.

-----------------------------------------------------------------------

SUMMARY: As required by section 701 of the Bipartisan Budget Act of 
2015, entitled the Federal Civil Penalties Inflation Adjustment Act 
Improvements Act of 2015, the Railroad Retirement Board (Board) hereby 
publishes its 2025 annual adjustment of civil penalties for inflation.

FOR FURTHER INFORMATION CONTACT: Peter J. Orlowicz, Senior Counsel, 
Railroad Retirement Board, 844 North Rush Street, Chicago, IL 60611-
1275, (312) 751-4922.

SUPPLEMENTARY INFORMATION: Section 701 of the Bipartisan Budget Act of 
2015, Public Law 114-74 (Nov. 2, 2015), entitled the Federal Civil 
Penalties Inflation Adjustment Act Improvements Act of 2015 (the 2015 
Act), amended the Federal Civil Penalties Inflation Adjustment Act of 
1990 (28 U.S.C. 2461 note) (Inflation Adjustment Act) to require 
agencies to publish regulations adjusting the amount of civil monetary 
penalties provided by law within the jurisdiction of the agency not 
later than January 15th of every year.
    For the 2025 annual adjustment for inflation of the maximum civil 
penalty under the Program Fraud Civil Remedies Act of 1986, the Board 
applies the formula provided by the 2015 Act and the Board's 
regulations at 20 CFR part 356. In accordance with the 2015 Act, the 
amount of the adjustment is based on the percent increase between the 
Consumer Price Index (CPI-U) for the month of October preceding the 
date of the adjustment and the CPI-U for the October one year prior to 
the October immediately preceding the date of the adjustment. If there 
is no increase, there is no adjustment of civil penalties. The percent 
increase between the CPI-U for October 2023 and October 2024, as 
provided by Office of Management and Budget Memorandum M-25-02 
(December 17, 2024) is 1.02598 percent. Therefore, the new maximum 
penalty under the Program Fraud Civil Remedies Act is $14,308 (the 2024 
maximum penalty of $13,946 multiplied by 1.02598, rounded to the 
nearest dollar). The new minimum penalty under the False Claims Act is 
$14,308 (the 2024 minimum penalty of $13,946 multiplied by 1.02598, 
rounded to the nearest dollar), and the new maximum penalty is $28,618 
(the 2024 maximum penalty of $27,894 multiplied by 1.02598, rounded to 
the nearest dollar). The adjustments in penalties will be effective 
January 13, 2025.

    Dated: January 7, 2025.

    By Authority of the Board.
Stephanie Hillyard,
Secretary to the Board.
[FR Doc. 2025-00472 Filed 1-10-25; 8:45 am]
BILLING CODE 7905-01-P