46 CFR 506.3 - Civil monetary penalty inflation adjustment.

Regulations last checked for updates: Nov 22, 2024

Title 46 - Shipping last revised: Nov 04, 2024

View all text of Part 506 [§ 506.1 - § 506.5]

§ 506.3 - Civil monetary penalty inflation adjustment.

The Commission shall, not later than August 1, 2016, and at least every year thereafter—

(a) By regulation adjust each civil monetary penalty provided by law within the jurisdiction of the Commission by the inflation adjustment described in § 506.4; and

(b) Publish each such regulation in the Federal Register.

[61 FR 52705, Oct. 8, 1996, as amended at 81 FR 42553, June 30, 2016]

authority: 28 U.S.C. 2461.

source: 61 FR 52705, Oct. 8, 1996, unless otherwise noted.

cite as: 46 CFR 506.3