ARTSFinal Rule
Civil Monetary Penalty Inflation Adjustment
OtherFinance & Banking
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Summary
This regulation updates the financial penalties that the Arts agency can impose for violations, adjusting them upward to account for inflation since the last update. This ensures that penalties remain meaningful and effective at deterring non-compliance with arts-related regulations.
Key Points
- 1The Arts agency is increasing the dollar amounts of fines it can issue to organizations that violate federal arts regulations
- 2These increases are based on inflation calculations, so the penalties have the same impact in today's dollars as they did when originally set
- 3The adjustment helps ensure that violating the rules doesn't become cheaper in real terms over time
- 4Organizations subject to Arts agency oversight may face higher financial consequences if they break the rules going forward
- 5This is a routine administrative update that happens periodically across federal agencies to keep penalties current with the economy
Key Dates
Published
January 13, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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