The Bureau of Ocean Energy Management (BOEM) today announced a Final Rule that implements the 2024 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations in accordance with Federal law.
The Federal Civil Penalties Inflation Adjustment Act Improvements Act (FCPIAA Improvements Act) of 2015 requires Federal agencies to adjust the level of civil monetary penalties for inflation annually. These adjustments are intended to maintain the deterrent effect of civil penalties and to further the policy goals of the underlying statutes.
Under the FCPIAA Improvements Act of 2015, this rule adjusts the maximum civil monetary penalties per day per violation to $54,352 for violations under the Outer Continental Shelf Lands Act and to $57,617 for violations under the Oil Pollution Act of 1990.
The Final Rule is available via the Federal Register. The adjusted penalty levels will take effect immediately upon publication of this rule.
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The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) is responsible for America’s offshore energy and mineral resources. The bureau promotes energy independence, environmental protection and economic development through responsible, science-based management of energy and mineral resources on the U.S. Outer Continental Shelf.