Tuesday, December 16, 2008

Increase in Dept. of Commerce Penalties

On December 11, 2008, the Department of Commerce (DOC) issued a final rule in the Federal Register adjusting certain civil monetary penalties under their jurisdiction. These adjustments were made to adjust for inflation and only apply to violations occurring after the effective date of December 11, 2008. Some of the penalties adjusted by this final rule include the following:

BIS Fastener Quality Act – Old $27,500 to New $32,500
International Emergency Economic Powers Act violations –Old $50,000 to New $250,000

Economics & Statistics Administration
International Investment and Trade in Services Act violations (failure to furnish information) - Old $27,500 to New $32,500

International Trade Administration
U.S.-Canada FTA Protective Order violations - Old $120,000 to New $130,000

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