Adjustment of Applicable Schedule Amount
Rule published August 11, 2020 · 85 FR 48474
- Document number
- FR Doc. 2020-17424
- Type
- Rule
- Published
- August 11, 2020
- Citation
- 85 FR 48474 (pages 48,474–48,475)
- Action
- Final rule.
- Effective
- August 11, 2020
- Dates
- This rule is effective August 11, 2020.
- Official sources
- PDF (govinfo.gov) · federalregister.gov
Summary
The Federal Register's summaryThe Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing this final rule to make technical amendments to the definition of "applicable schedule amount" in its regulations. In recent years, OFAC has adjusted its civil monetary penalties (CMPs) as required by the Federal Civil Penalties Inflation Adjustment Act, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. While OFAC's "applicable schedule amount" values are not civil monetary penalties that are required to be adjusted pursuant to such statute, OFAC is making technical changes to this definition to ensure the applicable schedule amount values continue to correspond appropriately to OFAC's CMPs.
Regulations cited
- 31 CFR part 501 (today: Reporting, Procedures and Penalties Regulations) · Other documents citing it · eCFR as of August 11, 2020
OFAC has reused some part numbers, so today's heading can name a different regulation from the one this document concerned.
Text
The text of this document is not held yet. Read the official PDF