May 20, 2018

May 18, 2018

Subscribe to Latest Legal News and Analysis

US Commerce Department Implements Inflationary Adjustments to Civil Monetary Penalties

Pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, the US Commerce Department announced its annual inflationary adjustments to the maximum civil monetary penalties under its jurisdiction. These include, among others, civil monetary penalties issued under the Export Administration Regulations (EAR), enforced under the International Emergency Economic Powers Act (IEEPA), the Census Bureau’s Collection of Foreign Trade Statistics law and the International Trade Administration’s Foreign Trade Zone law. Effective 15 January 2018, violations of the EAR are subject to a maximum civil monetary penalty of US$295,141, up from US$289,238. The new maximum civil monetary penalty amounts apply only to penalties assessed by the US Department of Commerce after 15 January 2018, including where the associated violation predates the adjustment.

© Copyright 2018 Squire Patton Boggs (US) LLP

TRENDING LEGAL ANALYSIS


About this Author

We employ a comprehensive approach when it comes to our International Trade practice. We focus on global import and export compliance, international trade policy and market access and trade remedies/defense. Our lawyers practice international trade law in almost every country where we have an office, and our full-time practitioners operate out of our Washington DC, London and Brussels offices.

We offer a “one-stop” service encompassing international trade compliance and policy acumen to make necessary judgments while operating effectively in a...

202-626-6234