STBFinal Rule
Civil Monetary Penalty Inflation Adjustment
TransportationFinance & Banking
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Summary
The Surface Transportation Board (STB) is adjusting the penalties it can impose for violations to keep pace with inflation, making them higher than they were previously. This ensures that penalties remain meaningful and actually discourage companies from breaking transportation rules, rather than becoming outdated over time.
Key Points
- 1The STB increased the dollar amounts of civil penalties (fines) it can impose on companies that violate rail and transportation regulations
- 2These increases are required by federal law to account for inflation so that penalties don't become worthless over decades
- 3Companies in the railroad and surface transportation industry are the primary entities affected by these higher penalty amounts
- 4The adjustment makes violations more costly to companies, encouraging better compliance with safety and regulatory rules
- 5This is an automatic administrative update rather than a new rule, happening annually to keep penalties relevant
Key Dates
Published
January 14, 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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