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Wednesday, December 7, 2022

GAO Reviews Federal Agencies’ Compliance with Inflation Adjustment Requirements

Federal agencies use civil monetary penalties to punish willful violators and deter future violations. However, if these fines aren’t regularly adjusted for inflation, they may lose their effectiveness as a deterrent. Congress enacted the Federal Civil Penalties Inflation Adjustment Act of 1990 partly to address this issue.

In 2015, Congress amended this act to require GAO to annually review agencies’ compliance with certain provisions of the act.

In this year’s review, the Government Accountability Office found that most of the 48 agencies that could be subject to the act complied with its publication and reporting requirements for the 2019 inflation adjustment.

Read the GAO report

Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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