SMALL BUSINESS ADMINISTRATION ISSUES RULE: CIVIL MONETARY PENALTIES INFLATION ADJUSTMENTS

WASHINGTON, June 3 -- Small Business Administration has issued a rule called: Civil Monetary Penalties Inflation Adjustments.

The rule was published in the Federal Register on June 3 by Kelly Loeffler, Administrator.

Summary: The Small Business Administration (SBA) is amending its regulations to adjust for inflation the amount of certain civil monetary penalties that are within the jurisdiction of the agency. These adjustments comply with the requirement in the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, to make annual adjustments to the penalties.

For more information, contact Arlene Embrey, 202-205-6976 or at [e-mail]...