Adjustment of Applicable Schedule Amount
Rule published April 12, 2021 · 86 FR 18895
- Document number
- FR Doc. 2021-07427
- Type
- Rule
- Published
- April 12, 2021
- Citation
- 86 FR 18895 (pages 18,895–18,896)
- Action
- Final rule.
- Effective
- April 12, 2021
- Dates
- This rule is effective April 12, 2021.
- 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 a technical amendment 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 a technical change 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 April 12, 2021
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