This week, the Department of Justice (“DOJ”) released inflationary adjustments to civil monetary penalties. This increase takes effect less than six months after the last increase and indicates that the DOJ is eager to return to a more steady pace after a period of less frequent inflationary adjustments (see here). The DOJ is likely keen to implement sanctions that reflect the rising rate of inflation, which is currently at a forty-year high. As previously reported, the Balanced Budget Act of 2015 (BBA) provides for federal agencies to make inflationary adjustments to civil monetary penalties on January 15 of each year to account for inflation using calculations based on Bureau of Labor Statistics Consumer Price Index. After an inflationary update in January 2018, only two updates have taken place so far: an update in June 2020 and a recent update in December 2021. Revised penalties will be assessed for violations that occurred before the adjustment, but are assessed after May 9. , 2022. Effective May 9, 2022, the minimum fine of $11,803 under the False Claims Act increased to $12,537 per claim. The maximum fine has been increased from $23,607 to $25,076 per claim.
The High Five | Blog for Iowa
Progress Iowa’s Friday High Five: It’s April Fools! Grab your chocolate covered cotton balls and share a sweet treat with your friends to celebrate a day of pranks and fun. What’s not so fun? Republican lawmakers are selling hard-working Iowans so their big corporate donors can boost their bottom lines. Let’s dive into our main […]
How to Check if Your WordPress Blog Posts Are Ranking for the Right Keywords
In this article, we’ll cover how to check if your WordPress blog posts are ranking for the right keywords. If you’ve spent hours writing a blog post, only to see it languish in obscurity, then you’re not alone. The truth is, so many people try to get their content seen by Google and other search […]
A look back at the major themes of 2021
Cryptocurrencies, sustainability and financial inclusion have been hot topics in the banking industry over the past year, along with regulatory changes and the industry’s continued digital transformation. As this is the publisher’s last blog post of 2021, I’ve taken a clear path by looking back at last year’s posts that sparked the interest of the […]