Civil Monetary Penalties: Federal Agencies' Compliance with the 2023 Annual Inflation Adjustment Requirements
| Report Type |
Reports and Testimonies |
| Report Date |
April 18, 2024 |
| Release Date |
April 18, 2024 |
| Report No. |
GAO-24-107193 |
Summary:
What GAO Found
In this eighth annual review, GAO found that most federal agencies that could be subject to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended (IAA), have published civil monetary penalty inflation adjustments for 2023 in the Federal Register and reported related information in their 2023 or 2022 agency financial reports (AFR) or equivalent. However, one agency published its inflation adjustment in the Federal Register as of December 31, 2023, but did not report the required information in its 2023 AFR for its civil monetary penalties.
Why GAO Did This Study
The IAA includes a provision, added in 2015, for GAO to annually submit to Congress a report assessing agencies' compliance with the annual inflation adjustments the act requires.
For more information, contact Paula M. Rascona at (202) 512-9816 or rasconap@gao.gov.
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