Federal Register / Vol. 89, No. 8 / Thursday, January 11, 2024 / Notices 1973 

3See Securities Exchange Act Release No. 97653 

(June 6, 2023), 88 FR 38110. 

4 15 U.S.C. 78s(b)(2). 

5See Securities Exchange Act Release No. 97972, 

88 FR 49508 (July 31, 2023). 

6 15 U.S.C. 78s(b)(2)(B). 

7See Securities Exchange Act Release No. 98302, 

88 FR 62608 (September 12, 2023). 

8See Securities Exchange Act Release No. 99019, 

88 FR 84007 (December 1, 2023). 

9 17 CFR 200.30–3(a)(12). 

1See https://www.congress.gov/bill/114thcongress/house-bill/1314/text. See also 81 FR 

41438, https://www.federalregister.gov/documents/ 

2016/06/27/2016-13241/penalty-inflationadjustments-for-civil-money-penalties. 

2See 81 FR 41438, https://

www.federalregister.gov/documents/2016/06/27/ 

2016-13241/penalty-inflation-adjustments-for-civilmoney-penalties. 

3See OMB Memorandum, Implementation of the 

Federal Civil Penalties Inflation Adjustment Act 

Improvements Act of 2015, M–16–06, p. 1 (February 

24, 2016), https://www.whitehouse.gov/wp-content/ 

uploads/legacy_drupal_files/omb/memoranda/ 

2016/m-16-06.pdf. See also 81 FR 41438, https://

www.federalregister.gov/documents/2016/06/27/ 

2016-13241/penalty-inflation-adjustments-for-civilmoney-penalties. 

4OMB Memorandum, Implementation of the 

Federal Civil Penalties Inflation Adjustment Act 

Improvements Act of 2015, M–16–06, p. 3 (February 

24, 2016), https://www.whitehouse.gov/wp-content/ 

uploads/legacy_drupal_files/omb/memoranda/ 

2016/m-16-06.pdf. See also 81 FR 41438, https://

www.federalregister.gov/documents/2016/06/27/ 

2016-13241/penalty-inflation-adjustments-for-civilmoney-penalties. 

5See 87 FR 80245, https://www.federalregister.

gov/documents/2022/12/29/2022-28284/notice-onpenalty-inflation-adjustments-for-civil-monetarypenalties. 

6See OMB Memorandum, Implementation of 

Penalty Inflation Adjustments for 2024, Pursuant to 

the Federal Civil Penalties Inflation Adjustment Act 

Improvements Act of 2015, M–24–07, p. 1 

(December 19, 2023), https://www.whitehouse.gov/ 

wp-content/uploads/2023/12/M-24-07- 

Implementation-of-Penalty-Inflation-Adjustmentsfor-2024.pdf. 

Trust Shares). The proposed rule change 

was published for comment in the 

Federal Register on June 12, 2023.3

On July 25, 2023, pursuant to Section 

19(b)(2) of the Act,4 the Commission 

designated a longer period within which 

to approve the proposed rule change, 

disapprove the proposed rule change, or 

institute proceedings to determine 

whether to disapprove the proposed 

rule change.5 On September 6, 2023, the 

Commission instituted proceedings 

pursuant to Section 19(b)(2)(B) of the 

Act 6 to determine whether to approve 

or disapprove the proposed rule 

change.7 On September 29, 2023, the 

Exchange submitted Amendment No. 1 

to the proposed rule change, and on 

October 20, 2023, the Exchange 

withdrew Amendment No. 1. On 

November 27, the Commission 

designated a longer period for 

Commission action on the proposed rule 

change.8 The Commission has not 

received any comment letters on the 

proposal. On December 26, 2023, the 

Exchange withdrew the proposed rule 

change (SR–NYSEARCA–2023–37). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.9

Christina Z. Milnor, 

Assistant Secretary. 

[FR Doc. 2024–00384 Filed 1–10–24; 8:45 am] 

BILLING CODE 8011–01–P 

SOCIAL SECURITY ADMINISTRATION 

[Docket No. SSA–2023–0044] 

Notice on Penalty Inflation 

Adjustments for Civil Monetary 

Penalties 

AGENCY: Social Security Administration. 

ACTION: Notice announcing updated 

penalty inflation adjustments for civil 

monetary penalties for 2024. 

SUMMARY: The Social Security 

Administration is giving notice of its 

updated maximum civil monetary 

penalties. These amounts are effective 

from January 15, 2024 through January 

14, 2025. These figures represent an 

annual adjustment for inflation. The 

updated figures and notification are 

required by the Federal Civil Penalties 

Inflation Adjustment Act Improvements 

Act of 2015. 

FOR FURTHER INFORMATION CONTACT: 

Jessica Stubbs Platt, Deputy Counsel to 

the Inspector General, Room 3–ME–1, 

6401 Security Boulevard, Baltimore, MD 

21235–6401, (410) 816–4054. For 

information on eligibility or filing for 

benefits, call the Social Security 

Administration’s national toll-free 

number, 1–800–772–1213 or TTY 1– 

800–325–0778, or visit the Social 

Security Administration’s internet site, 

Social Security Online, at http://

www.socialsecurity.gov. 

SUPPLEMENTARY INFORMATION: On June 

27, 2016, pursuant to the Federal Civil 

Penalties Inflation Adjustment Act 

Improvements Act of 2015 (the 2015 

Act),1 we published an interim final 

rule to adjust the level of civil monetary 

penalties (CMPs) under Sections 1129 

and 1140 of the Social Security Act, 42 

U.S.C. 1320a–8 and 1320b–10, 

respectively, with an initial ‘‘catch-up’’ 

adjustment effective August 1, 2016.2

We announced in the interim final rule 

that for any future adjustments, we 

would publish a notice in the Federal 

Register to announce the new amounts. 

The annual inflation adjustment in 

subsequent years must be a cost-ofliving adjustment based on any 

increases in the October Consumer Price 

Index for All Urban Consumers (CPI–U) 

(not seasonally adjusted) each year.3

Inflation adjustment increases must be 

rounded to the nearest multiple of $1.4

We last updated the maximum penalty 

amounts effective January 15, 2023.5

Based on Office of Management and 

Budget (OMB) guidance,6 the 

information below serves as public 

notice of the new maximum penalty 

amounts for 2024. The adjustment 

results in the following new maximum 

penalties, which will be effective as of 

January 15, 2024. 

Section 1129 CMPs (42 U.S.C. 1320a– 

8): 

$9,399.00 (current maximum per violation 

for fraud facilitators in a position of trust) × 

1.03241 (OMB-issued inflationary adjustment 

multiplier) = $9,703.62. When rounded to the 

nearest dollar, the new maximum penalty is 

$9,704. 

$9,966.00 (current maximum per violation 

for all other violators) × 1.03241 (OMB-issued 

inflationary adjustment multiplier) = 

$10,289.00. When rounded to the nearest 

dollar, the new maximum penalty is $10,289. 

Section 1140 CMPs (42 U.S.C. 1320b– 

10): 

$12,397.00 (current maximum per 

violation for all violations other than 

broadcast or telecasts) × 1.03241 (OMBissued inflationary adjustment multiplier) = 

$12,798.79. When rounded to the nearest 

dollar, the new maximum penalty is $12,799. 

$61,982.00 (current maximum per violative 

broadcast or telecast) × 1.03241 (OMB-issued 

inflationary adjustment multiplier) = 

$63,990.84. When rounded to the nearest 

dollar, the new maximum penalty is $63,991. 

Michelle Murray, 

Chief Counsel, Office of the Inspector General, 

Social Security Administration. 

[FR Doc. 2024–00408 Filed 1–10–24; 8:45 am] 

BILLING CODE 4191–02–P 

SOCIAL SECURITY ADMINISTRATION 

[Docket No. SSA–2023–0005] 

Finding Regarding Foreign Social 

Insurance or Pension System of 

Cambodia 

AGENCY: Social Security Administration. 

ACTION: Notice of finding regarding 

foreign social insurance or pension 

system of Cambodia. 

SUMMARY: We find that, under the Alien 

Nonpayment Provision of the Social 

Security Act (Act), citizens of Cambodia 

may continue to receive Social Security 

benefits under title II, after 6 

consecutive months of absence from the 

United States, without regard to length 

of absence, if they meet certain 

conditions. This finding is based on our 

analysis of information and data we 


ddrumheller on DSK120RN23PROD with NOTICES1
1974 Federal Register / Vol. 89, No. 8 / Thursday, January 11, 2024 / Notices 

1Section 202(t) of the Act, 42 U.S.C. 402(t). 

2Section 202(t)(2), (4), (11) of the Act, 42 U.S.C. 

402(t)(2), (4), (11). 

3 23 FR 5673 (July 26, 1958). 

4 40 FR 19202 (May 2, 1975). 

5 66 FR 63623 (Dec. 10, 2001). 

6 74 FR 48855 (Sept. 25, 2009). 

received about the social insurance 

system of Cambodia and its laws. The 

Commissioner of Social Security 

delegated the authority to make this 

finding to the Deputy Commissioner for 

Retirement and Disability Policy. 

DATES: We will implement this finding 

on January 11, 2024. 

FOR FURTHER INFORMATION CONTACT: Icie 

K. Allen, Office of Income Security 

Programs, 2500 Robert Ball Building, 

6401 Security Boulevard, Baltimore, MD 

21235–6401, (410) 965–8945. For more 

information on eligibility or filing for 

benefits, call our national toll-free 

number, 1–800–772–1213 or TTY 1– 

800–325–0778, or visit our internet site, 

Social Security Online, at https://

www.socialsecurity.gov. 

SUPPLEMENTARY INFORMATION: We are 

prohibited, by law, from paying benefits 

under title II of the Act to non-U.S. 

citizens who remain outside the United 

States for more than 6 consecutive 

calendar months, unless they meet an 

exception provided in the law. We refer 

to this portion of the law as the Alien 

Nonpayment Provision (ANP).1

We recently reviewed the Cambodian 

social insurance system to determine if 

it meets the criteria for an ANP 

exception. This is a new finding about 

the social insurance system of Cambodia 

under the ANP. As a result of this 

finding, citizens of Cambodia may 

continue receiving benefits under title II 

of the Act after 6 consecutive calendar 

months outside the United States if they 

meet one of the following conditions: 

1. Their benefits are based on the 

earnings of an individual who earned at 

least 40 quarters of coverage, or 

2. Their benefits are based on the 

earnings of an individual who had 

periods of U.S. residency that add up to 

at least 10 years. 

Background 

The ANP, section 202(t) of the Act, 

prohibits payment of title II benefits to 

individuals who are not U.S. citizens or 

nationals for any month after they have 

been outside the United States for more 

than 6 consecutive calendar months. 

Beneficiaries who meet one of the 

exceptions described in the ANP may 

continue to receive benefits under title 

II without regard to absence from the 

United States. Some of these exceptions 

require that dependents and survivors 

meet a 5-year U.S. residency 

requirement for benefits to continue 

after 6 consecutive calendar months of 

absence from the United States.2

To determine whether the social 

insurance or pension system meets the 

criteria for an exception under section 

202(t)(2) of the Act, we review the 

foreign country’s laws. In addition, we 

review information and data that we 

receive from the administrators of the 

social insurance or pension system of 

that country. The Commissioner of the 

Social Security Administration 

publishes these findings in the Federal 

Register. 

On July 26, 1958, we published a list 

of countries that did not meet the 

requirements of section 202(t)(2), which 

included Cambodia.3 Cambodia did not 

meet 202(t)(2) because it did not operate 

a social insurance or pension system of 

general application. However, the 

exceptions provided under section 

202(t)(4)(A) and (B) did apply to 

qualified citizens of Cambodia. 

The exceptions under section 

202(t)(4)(A) and (B) no longer applied to 

citizens of Cambodia from April 1975 

through November 2001, because the 

U.S. Department of the Treasury 

imposed payment restrictions for 

Cambodia.4 The U.S. Department of the 

Treasury lifted those payment 

restrictions effective December 10, 

2001 5 and we updated our regulation in 

September 2009 6 accordingly. 

We requested information from 

Cambodia to make an updated finding 

of Cambodia’s status under section 

202(t)(2) of the Act. In June 2014, we 

received a completed Form SSA–142, 

Report of Social Insurance or Pension 

System, from Cambodia. We initiated an 

analysis to reach the finding we 

describe here. 

On September 25, 2002, Cambodia 

enacted the Law on Social Security 

Schemes for Persons Defined by the 

Provisions of the Labour Law. This law 

contains provisions for the earned right 

to benefits based on contributions from 

employment covered under Cambodia’s 

social security scheme. However, our 

review indicates that Cambodia’s social 

insurance system is not in effect because 

Cambodia does not currently collect 

contributions or pay pension benefits as 

of the date of this Finding. 

Finding 

Section 202(t)(2) Exception 

Section 202(t)(2) of the Act provides 

that the prohibition against payment 

shall not apply to individuals who are 

citizens of a foreign country that the 

Commissioner of Social Security finds 

has a social insurance or pension system 

that is in effect and of general 

application in such country, and that: 

(A) pays periodic benefits, or the 

actuarial equivalent thereof, on account 

of old age, retirement, or death; and 

(B) permits individuals who are U.S. 

citizens but not citizens of that country 

and who qualify for benefits to receive 

those benefits, or the actuarial 

equivalent thereof, while outside the 

foreign country regardless of the 

duration of the absence. 

We find that Cambodia does not meet 

the conditions in section 202(t)(2) of the 

Act because the social insurance system 

of Cambodia is not in effect. This 

finding is effective January 1, 2002, the 

first month after the U.S. Treasury 

restriction was lifted. This finding 

under section 202(t)(2) does not 

preclude consideration of section 

202(t)(4)(A) and (B). 

Section 202(t)(4) Exception 

We find that the ANP exceptions in 

202(t)(4)(A) and (B) below apply to 

citizens of Cambodia in specific 

instances, as discussed in the next two 

paragraphs. 

Section 202(t)(4)(A) of the Act 

provides that the prohibition against 

payment shall not apply to the benefits 

payable on the earnings record of an 

individual who has at least 40 quarters 

of coverage under Social Security. 

Section 202(t)(4)(B) of the Act 

provides that the prohibition against 

payment shall not apply to the benefits 

payable on the earnings record of an 

individual who has resided in the 

United States for a period or periods 

aggregating 10 years or more. 

Both exceptions are subject to 

residency requirements: Section 

202(t)(11) requires that dependent and 

survivor beneficiaries must have resided 

in the United States for 5 years or more 

while in a qualifying relationship with 

the individual on whose earnings the 

benefits are based. 

Moreover, the exceptions in section 

202(t)(4)(A) and (B) will not apply if: 

• The individual is a citizen of a 

foreign country that has in effect a social 

insurance or pension system that is of 

general application and that pays 

periodic benefits (or the actuarial 

equivalent) on account of old age, 

retirement, or death; but the social 

insurance or pension system does not 

pay benefits to qualifying U.S. citizens 

without regard to the duration of the 

absence from the foreign country; or, 

• The individual is a citizen of a 

foreign country that has no social 

insurance or pension system of general 

application and at any time within 5 

years before January 1968 (or the first 

month after December 1967 in which 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 89, No. 8 / Thursday, January 11, 2024 / Notices 1975 

benefits are subject to ANP suspension), 

the individual was residing in a country 

to which payments were withheld by 

Treasury under 31 U.S.C. 3329(a) and 

3330(a). 

We apply this finding from January 1, 

2002, the first month after the U.S. 

Department of Treasury lifted the 

statutory restriction on foreign 

payments. 

Our finding that section 202(t)(4)(A) 

and (B) apply to citizens of Cambodia is 

subject to section 202(t)(11). Section 

202(t)(11) requires that dependent and 

survivor title II beneficiaries must also 

have resided in the United States for a 

total period of 5 years or more while in 

a qualifying relationship with the 

individual on whose earnings the 

benefits are based. 

(Catalog of Federal Domestic Assistance 

Program Nos. 96.001, Social Security— 

Disability Insurance; 96.002, Social 

Security—Retirement Insurance; and 96.004, 

Social Security—Survivors Insurance) 

The Commissioner of the Social 

Security Administration, Martin 

O’Malley, having reviewed and 

approved this document, is delegating 

the authority to electronically sign this 

document to Faye I. Lipsky, who is the 

primary Federal Register Liaison for 

SSA, for purposes of publication in the 

Federal Register. 

Faye I. Lipsky, 

Federal Register Liaison, Office of Legislation 

and Congressional Affairs, Social Security 

Administration. 

[FR Doc. 2024–00404 Filed 1–10–24; 8:45 am] 

BILLING CODE 4191–02–P 

DEPARTMENT OF STATE 

[Public Notice: 12303] 

Notice of Determinations; Culturally 

Significant Objects Being Imported for 

Exhibition—Determinations: ‘‘Hidden 

Faces: Covered Portraits of the 

Renaissance’’ Exhibition 

SUMMARY: Notice is hereby given of the 

following determinations: I hereby 

determine that certain objects being 

imported from abroad pursuant to 

agreements with their foreign owners or 

custodians for temporary display in the 

exhibition ‘‘Hidden Faces: Covered 

Portraits of the Renaissance’’ at The 

Metropolitan Museum of Art, New York, 

New York, and at possible additional 

exhibitions or venues yet to be 

determined, are of cultural significance, 

and, further, that their temporary 

exhibition or display within the United 

States as aforementioned is in the 

national interest. I have ordered that 

Public Notice of these determinations be 

published in the Federal Register. 

FOR FURTHER INFORMATION CONTACT: 

Reed Liriano, Program Coordinator, 

Office of the Legal Adviser, U.S. 

Department of State (telephone: 202– 

632–6471; email: section2459@

state.gov). The mailing address is U.S. 

Department of State, L/PD, 2200 C Street 

NW (SA–5), Suite 5H03, Washington, 

DC 20522–0505. 

SUPPLEMENTARY INFORMATION: The 

foregoing determinations were made 

pursuant to the authority vested in me 

by the Act of October 19, 1965 (79 Stat. 

985; 22 U.S.C. 2459), Executive Order 

12047 of March 27, 1978, the Foreign 

Affairs Reform and Restructuring Act of 

1998 (112 Stat. 2681, et seq.; 22 U.S.C. 

6501 note, et seq.), Delegation of 

Authority No. 234 of October 1, 1999, 

Delegation of Authority No. 236–3 of 

August 28, 2000, and Delegation of 

Authority No. 523 of December 22, 

2021. 

Nicole L. Elkon, 

Deputy Assistant Secretary for Professional 

and Cultural Exchanges, Bureau of 

Educational and Cultural Affairs, Department 

of State. 

[FR Doc. 2024–00388 Filed 1–10–24; 8:45 am] 

BILLING CODE 4710–05–P 

DEPARTMENT OF TRANSPORTATION 

Maritime Administration 

[Docket No. MARAD–2024–0001] 

Coastwise-Qualified Launch Barges: 

46 CFR 389.3(a) Notification 

AGENCY: Maritime Administration 

(MARAD), Department of 

Transportation (DOT). 

ACTION: Notice and request for 

comments. 

SUMMARY: To maximize the use of 

coastwise-qualified vessels, in January 

of each calendar year, MARAD requests 

owners and operators of coastwisequalified launch barges or other 

interested parties to notify the Agency 

of their interest in, and provide certain 

information relating to, the 

transportation, installation, or launching 

of platform jackets. MARAD publishes 

the notifications as a resource to 

companies contemplating these 

operations on the outer continental 

shelf. The notifications should include 

information set forth in the 

Supplementary Information section 

below. 

DATES: Submit comments on or before 

February 12, 2024. 

ADDRESSES: You may submit comments 

identified by DOT Docket Number 

MARAD–2024–0001 by any of the 

following methods: 

• Federal eRulemaking Portal: Go to 

http://www.regulations.gov. Search 

‘‘MARAD–2024–0001’’ and follow the 

instructions for submitting comments 

on the electronic docket site. 

• Mail or Hand Delivery: Docket 

Management Facility, U.S. Department 

of Transportation, 1200 New Jersey 

Avenue SE, West Building, Room W12– 

140, Washington, DC 20590, between 9 

a.m. and 5 p.m., Monday through 

Friday, except on Federal holidays. 

Note: All submissions must include the 

agency name and docket number for this 

notice. All comments received will be posted 

without change to http://

www.regulations.gov including any personal 

information provided. 

Docket: For access to the docket to 

read comments received, go to http://

www.regulations.gov and search using 

‘‘MARAD–2024–0001.’’ 

FOR FURTHER INFORMATION CONTACT: 

Patricia Hagerty, U.S. Department of 

Transportation, Maritime 

Administration, 1200 New Jersey 

Avenue SE, Room W23–461, 

Washington, DC 20590. Telephone: 

(202) 366–0903. Email: 

patricia.hagerty@dot.gov. 

SUPPLEMENTARY INFORMATION: Pursuant 

to 46 U.S.C. 55108, the Secretary of 

Transportation has the authority to 

adopt procedures that timely provide 

information that would maximize the 

use of coastwise-qualified vessels for the 

transportation of platform jackets 

between U.S. coastwise points and the 

U.S. Outer Continental Shelf. This 

authority has been delegated to 

MARAD. The regulation promulgated 

under the authority of 46 U.S.C. 55108, 

46 CFR 389.3(a), requires that MARAD 

publish a notice in the Federal Register 

requesting notification from owners, 

operators, or potential operators of 

coastwise-qualified launch barges, or 

other interested parties, of: (1) their 

interest in participating in the 

transportation and, if needed, the 

launching or installation of offshore 

platform jackets; (2) the contact 

information for their company; and, (3) 

the specifications of any currently 

owned or operated coastwise-qualified 

launch barges or plans to construct such 

a vessel. The notification should 

indicate that the vessel’s certificate of 

documentation has a coastwise 

endorsement. The information provided 

in the notifications will be published at 

http://MARAD.regulations.gov. 46 CFR 

389.3(e). 


ddrumheller on DSK120RN23PROD with NOTICES1