FTC Publishes Inflation-Adjusted Civil Penalty Amounts for 2022

Federal Trade Commission (FTC)

WASHINGTON, D.C. — The Federal Trade Commission has adjusted the maximum civil penalty dollar amounts for violations of 16 provisions of law the agency enforces, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.

The Act directs agencies to implement annual inflation adjustments based on a prescribed formula. The new maximum civil penalty amounts will take effect once they are published in the Federal Register.

The maximum civil penalty amount has increased from $43,792 to $46,517 for violations of Sections 5(l), 5(m)(1)(A), and 5(m)(1)(B) of the FTC Act, 7A(g)(l) of the Clayton Act and Section 525(b) of the Energy Policy and Conservation Act. It has increased from $576 to $612 for violations of Section 10 of the FTC Act. The maximum civil penalty amount has increased from $1,246,249 to $1,323,791 for violations of Section 814(a) of the Energy Independence and Security Act of 2007. The maximum civil penalty amounts for other law violations within the agency’s jurisdiction are listed in the Federal Register notice.

READ:  FTC Marks Identity Theft Awareness Week for 2022 January 31-February 4

The Commission voted 4-0 to publish the Federal Register notice amending Commission Rule 1.98.

Thanks for visiting! MyChesCo brings reliable information and resources to Chester County, Pennsylvania. Please consider supporting us in our efforts. Your generous donation will help us continue this work and keep it free of charge. Show your support today by clicking here and becoming a patron.