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National Science Foundation.
Notice announcing updated penalty inflation adjustments for civil monetary penalties for 2017.
The National Science Foundation (NSF or Foundation) is providing notice of its adjusted maximum civil monetary penalties, effective January 15, 2017. These adjustments are required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (the 2015 Act).
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FOR FURTHER INFORMATION CONTACT:
Bijan Gilanshah, Assistant General Counsel, Office of the General Counsel, National Science Foundation, 4201 Wilson Boulevard, Room 1265, Arlington, Virginia 22230, 703-292-8060.
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On June 27, 2016, NSF published an interim final rule amending its regulations to adjust, for inflation, the maximum civil monetary penalties that may be imposed for violations of the Antarctic Conservation Act of 1978 (ACA), as amended, 16 U.S.C. 2401 et seq., and the Program Fraud Civil Remedies Act of 1986 (PFCRA), 31 U.S.C. 3801, et seq. These adjustments are required by the 2015 Act (Sec. 701 of Pub. L. 114-74). The 2015 Act also requires agencies to make subsequent annual adjustments for inflation. Pursuant to OMB guidance dated December 16, 2016, the cost-of-living adjustment multiplier for 2017 is 1.01636. Accordingly, the 2017 annual inflation adjustments for the maximum penalties under the ACA are $16,516 ($16250 × 1.01636) for violations and $27,950 ($27500 × 1.01636) for knowing violations of the ACA. Finally, the 2017 annual inflation adjustment for the maximum penalty for violations under PFCRA is $10957 ($10781 × 1.01636).
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Dated: January 6, 2017.
Reports Clearance Officer, National Science Foundation.
[FR Doc. 2017-00412 Filed 1-10-17; 8:45 am]
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