For Your Information
FTC Publishes Inflation-Adjusted Civil Penalty Amounts for 2023
The Â鶹´«Ã½ Trade Commission has adjusted the maximum civil penalty dollar amounts for violations of 16 provisions of law the FTC enforces, as required by the Â鶹´«Ã½ Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The act directs agencies to implement annual inflation adjustments based on a prescribed formula. The new maximum civil penalty amounts will become effective on January 11, 2023.
The maximum civil penalty amount has increased from $46,517 to $50,120 for violations of Sections 5(l), 5(m)(1)(A), and 5(m)(1)(B) of the FTC Act, Section 7A(g)(l) of the Clayton Act, and Section 525(b) of the Energy Policy and Conservation Act. It has increased from $612 to $659 for violations of Section 10 of the FTC Act.
The maximum civil penalty amount has increased from $1,323,791 to $1,426,319 for violations of Section 814(a) of the Energy Independence and Security Act of 2007. The maximum civil penalty amounts for other law violations within the agency’s jurisdiction are listed in the Â鶹´«Ã½ Register notice.
The Commission vote to publish the Â鶹´«Ã½ Register notice amending Commission Rule 1.98 was 4-0.
The Â鶹´«Ã½ Trade Commission works to promote competition, and protect and educate consumers. The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize. You can and report scams, fraud, and bad business practices online at . Follow the FTC on social media, read our blogs and subscribe to press releases for the latest FTC news and resources.