Federal Register / Vol. 89, No. 17 / Thursday, January 25, 2024 / Rules and Regulations 4815 

HTS–6 code HTS description 

880624 ............ UNMANNED AIRCRAFT FOR REMOTE-CONTROLLED FLIGHT ONLY, WITH MAXIMUM TAKE-OFF WEIGHT MORE THAN 

25 KG BUT NOT MORE THAN 150 KG. 

880629 ............ UNMANNED AIRCRAFT FOR REMOTE-CONTROLLED FLIGHT ONLY, WITH MAXIMUM TAKE-OFF WEIGHT MORE THAN 

150 KG. 

880691 ............ UNMANNED AIRCRAFT WITH MAXIMUM TAKE-OFF WEIGHT NOT MORE THAN 250 G, NESOI. 

880692 ............ UNMANNED AIRCRAFT WITH MAXIMUM TAKE-OFF WEIGHT MORE THAN 250 G BUT NOT MORE THAN 7 KG, NESOI. 

880693 ............ UNMANNED AIRCRAFT WITH MAXIMUM TAKE-OFF WEIGHT MORE THAN 7 KG BUT NOT MORE THAN 25 KG, NESOI. 

880694 ............ UNMANNED AIRCRAFT WITH MAXIMUM TAKE-OFF WEIGHT MORE THAN 25 KG BUT NOT MORE THAN 150 KG, 

NESOI. 

880699 ............ UNMANNED AIRCRAFT WITH MAXIMUM TAKE-OFF WEIGHT MORE THAN 150 KG, NESOI. 

880710 ............ PROPELLERS AND ROTORS AND PARTS THEREOF, FOR BALLOONS, GLIDERS, OTHER AIRCRAFT AND SPACECRAFT, ETC. 

880720 ............ UNDERCARRIAGES AND PARTS THEREOF, FOR BALLOONS, GLIDERS, OTHER AIRCRAFT AND SPACECRAFT, ETC. 

880730 ............ PARTS OF AIRPLANES OR HELICOPTERS, NESOI. 

880790 ............ PARTS FOR USE IN CIVIL AIRCRAFT, BALLOONS, DIRIGIBLES, GLIDERS, HANG GLIDERS AND OTHER NON-POWERED AIRCRAFT, NESOI. 

* * * * * * * 

■ 11. Supplement no. 5 to part 746 is 

amended by adding a sentence 

following the second sentence of 

paragraph (a) to read as follows: 

Supplement No. 5 to Part 746—‘Luxury 

Goods’ Sanctions for Russia and 

Belarus Pursuant to § 746.10(a)(1) and 

(2) 

(a) * * * Although fasteners (e.g., 

screws, bolts, nuts, nut plates, studs, 

inserts, clips, rivets, pins), washers, 

spacers, insulators, grommets, bushings, 

springs, wires, and solder are excluded 

from the scope of this supplement, see 

part 744 of the EAR for license 

requirements for Russia and Belarus that 

extend to all items ‘‘subject to the EAR,’’ 

e.g., § 744.21 of the EAR and the Entity 

List license requirements, which in 

most cases extend to all items ‘‘subject 

to the EAR.’’ * * * 

* * * * * 

■ 12. Supplement no. 6 to part 746 is 

amended by adding a sentence to the 

end of the introductory text to the 

supplement to read as follows: 

Supplement No. 6 to Part 746—Russian 

and Belarusian Industry Sector 

Sanctions Pursuant to § 746.5(a)(1)(iii) 

* * * This supplement does not 

include any item that meets the 

definition of ‘‘medicine’’ in § 772.1 of 

the EAR. 

* * * * * 

■ 13. Supplement no. 7 to part 746 is 

amended by: 

■ a. Adding a sentence following the 

second sentence of paragraph (a); and 

■ b. Adding in the table, in numerical 

order, the entry ‘‘852910.’’ 

The additions read as follows: 

Supplement No. 7 to Part 746—Items 

That Require a License Under § 746.6 

When Destined to the Temporarily 

Occupied Crimea Region of Ukraine, 

Under § 746.7 When Destined to Iran, 

and Under § 746.8 When Destined to 

Russia or Belarus 

* * * * * 

(a) * * * Although fasteners (e.g., 

screws, bolts, nuts, nut plates, studs, 

inserts, clips, rivets, pins), washers, 

spacers, insulators, grommets, bushings, 

springs, wires, and solder are excluded 

from the scope of this supplement, see 

part 744 of the EAR for license 

requirements for Russia and Belarus that 

extend to all items ‘‘subject to the EAR,’’ 

e.g., § 744.21 of the EAR and the Entity 

List license requirements, which in 

most cases extend to all items ‘‘subject 

to the EAR.’’ * * * 

* * * * * 

HTS–6 codes HTS description 

*******

852910 ............ Antennas and antenna reflectors and parts thereof. 

*******

Thea D. Rozman Kendler, 

Assistant Secretary for Export 

Administration. 

[FR Doc. 2024–01408 Filed 1–23–24; 8:45 am] 

BILLING CODE 3510–33–P 

DEPARTMENT OF THE INTERIOR 

Bureau of Ocean Energy Management 

30 CFR Parts 550 and 553 

[Docket ID: BOEM–2024–0002] 

RIN 1010–AE19 

2024 Civil Penalties Inflation 

Adjustments for Oil, Gas, and Sulfur 

Operations in the Outer Continental 

Shelf 

AGENCY: Bureau of Ocean Energy 

Management, Interior. 

ACTION: Final rule. 

SUMMARY: This final rule implements 

the 2024 inflation adjustments to the 

maximum daily civil monetary penalties 

in the Bureau of Ocean Energy 

Management’s (BOEM) regulations for 

violations of the Outer Continental Shelf 

Lands Act (OCSLA) and the Oil 

Pollution Act of 1990 (OPA). These 

inflation adjustments are made pursuant 

to the Federal Civil Penalties Inflation 

Adjustment Act Improvements Act of 

2015 (Improvements Act) and Office of 

Management and Budget (OMB) 


khammond on DSKJM1Z7X2PROD with RULES
4816 Federal Register / Vol. 89, No. 17 / Thursday, January 25, 2024 / Rules and Regulations 

1The Improvements Act amended the Federal 

Civil Penalties Inflation Adjustment Act of 1990. 

See Public Law 101–410 (codified at 28 U.S.C. 2461 

note). 

2Under the Improvements Act, Federal agencies 

were required to adjust their civil monetary 

penalties for inflation with an initial ‘‘catch-up’’ 

adjustment through an interim final rulemaking in 

2016 and must make subsequent inflation 

adjustments not later than January 15 annually, 

beginning in 2017. Public Law 114–74, sec. 

701(b)(1). 

3OMB Memorandum M–24–07 ‘‘Implementation 

of Penalty Inflation Adjustments for 2024, Pursuant 

to the Federal Civil Penalties Inflation Adjustment 

Act Improvements Act of 2015’’ is available at 

https://www.whitehouse.gov/wp-content/uploads/ 

2023/12/M-24-07-Implementation-of-PenaltyInflation-Adjustments-for-2024.pdf. 

4Specifically, Congress directed that agencies 

adjust civil monetary penalties ‘‘notwithstanding 

section 553 of title 5, United States Code 

[Administrative Procedure Act (APA)],’’ which 

generally requires prior notice of proposed 

rulemaking, opportunity for public comment on 

proposed rulemaking, and publication of a final 

rule at least 30 days before its effective date. 

Improvements Act, sec. 701(b)(1)(D); APA, 5 U.S.C. 

553. OMB confirmed this interpretation of the 

Improvements Act. OMB M–24–07 at 3–4 (‘‘This 

means that the public procedure the APA generally 

requires—notice, an opportunity for comment, and 

a delay in effective date—is not required for 

agencies to issue regulations implementing the 

annual adjustment.’’). 

memorandum M–24–07. The 2024 

adjustment multiplier of 1.03241 

accounts for 1 year of inflation from 

October 2022 through October 2023. 

DATES: This rule is effective on January 

25, 2024. 

FOR FURTHER INFORMATION CONTACT: 

Questions regarding the inflation 

adjustment methodology or amount 

should be directed to Jayson Pollock, 

Economics Division, BOEM, at 

jayson.pollock@boem.gov or at (703) 

787–1537. Questions regarding the 

timing of this adjustment or the 

applicability of the regulations should 

be directed to Karen Thundiyil, Chief, 

Office of Regulations, BOEM at 

karen.thundiyil@boem.gov or at (202) 

742–0970. 

SUPPLEMENTARY INFORMATION: 

I. Legal Authority 

II. Background and Purpose 

III. Calculation of the 2024 Adjustments 

IV. Statutory and Executive Order Reviews 

A. Statutes 

1. National Environmental Policy Act 

2. Regulatory Flexibility Act 

3. Paperwork Reduction Act 

4. Unfunded Mandates Reform Act 

5. Small Business Regulatory Enforcement 

Fairness Act 

6. Congressional Review Act 

B. Executive Orders (E.O.) 

1. Governmental Actions and Interference 

With Constitutionally Protected Property 

Rights (E.O. 12630) 

2. Regulatory Planning and Review (E.O. 

12866); Modernizing Regulatory Review 

(E.O. 14094); Improving Regulation and 

Regulatory Review (E.O. 13563) 

3. Civil Justice Reform (E.O. 12988) 

4. Federalism (E.O. 13132) 

5. Consultation and Coordination With 

Indian Tribal Governments (E.O. 13175) 

6. Actions Concerning Regulations That 

Significantly Affect Energy Supply, 

Distribution, or Use (E.O. 13211) 

I. Legal Authority 

OCSLA authorizes the Secretary of the 

Interior (the Secretary) to impose a daily 

civil monetary penalty for a violation of 

OCSLA or its implementing regulations, 

leases, permits, or orders. It also directs 

the Secretary to adjust the maximum 

penalty at least every 3 years to reflect 

any inflation increase in the Consumer 

Price Index. 43 U.S.C. 1350(b)(1). 

Similarly, OPA authorizes civil 

monetary penalties for failure to comply 

with OPA’s financial responsibility 

provisions or its implementing 

regulations. 33 U.S.C. 2716a(a). OPA 

does not include a maximum daily civil 

penalty inflation adjustment provision, 

but such adjustment is authorized by 

the Improvements Act. See 28 U.S.C. 

2461 note. 

The Improvements Act 1 requires that 

Federal agencies publish inflation 

adjustments to their civil monetary 

penalties in the Federal Register not 

later than January 15 annually.2 The 

purposes of these inflation adjustments 

are to maintain the deterrent effect of 

civil penalties and to further the policy 

goals of the underlying statutes. Federal 

Civil Penalties Inflation Adjustment Act 

of 1990, Public Law 101–410, sec. 2 

(codified at 28 U.S.C. 2461 note). 

II. Background and Purpose 

BOEM implemented the 2023 

inflation adjustment for its civil 

monetary penalties through a final rule 

entitled ‘‘2023 Civil Penalties Inflation 

Adjustments for Oil, Gas, and Sulfur 

Operations in the Outer Continental 

Shelf,’’ which was published in the 

Federal Register on February 15, 2023. 

88 FR 9749. That rule accounted for 

inflation for the 12-month period 

between October 2021 and October 

2022. 

OMB memorandum M–24–07 3

reiterates agency responsibilities under 

the Improvements Act. Such 

responsibilities include identifying 

applicable penalties and performing the 

annual adjustment; publishing revisions 

to regulations to implement the 

adjustment in the Federal Register; 

applying adjusted penalty dollar 

amounts; and performing agency 

oversight of inflation adjustments. 

Pursuant to the Improvements Act 

and OMB M–24–07, this final rule 

implements BOEM’s 2024 inflation 

adjustments to OCSLA and OPA 

maximum daily civil monetary 

penalties. A proposed rule is 

unnecessary as the Improvements Act 

expressly exempts annual civil penalty 

inflation adjustments from the 

Administrative Procedure Act’s (APA) 

notice of proposed rulemaking, public 

comment, and standard effective date 

provisions. Improvements Act, Public 

Law 114–74, sec. 701(b)(1)(D); APA, 5 

U.S.C. 553.4

On July 22, 2021, BOEM issued a final 

rule entitled ‘‘Maximum Daily Civil 

Penalty Amounts for Violations of the 

Federal Oil and Gas Royalty 

Management Act’’ (86 FR 38557). The 

rule amended BOEM’s regulations that 

set maximum daily civil penalty 

(MDCP) amounts for violations of the 

Federal Oil and Gas Royalty 

Management Act (FOGRMA). The 

amendment cross-referenced BOEM’s 

regulations to the Office of Natural 

Resources Revenue (ONRR) regulations 

that also set MDCP amounts for 

FOGRMA violations. This crossreference ensured consistency between 

BOEM’s FOGRMA MDCP amounts and 

ONRR’s FOGRMA MDCP amounts. 

Because ONRR annually adjusts its 

MDCP for inflation, the crossreferencing rule also ensured consistent 

compliance with the Improvements Act 

and related OMB guidance while 

reducing possible confusion among 

regulated parties and unnecessary 

duplication of effort and costs to the 

Federal Government. The crossreference to ONRR’s regulations relieves 

BOEM of the necessity to adjust its 

FOGRMA MDCP. 

III. Calculation of the 2024 Adjustments 

In accordance with the Improvements 

Act, BOEM determined that OCSLA and 

OPA maximum daily civil monetary 

penalties require annual inflation 

adjustments. BOEM issues this final rule 

adjusting those penalty amounts for 

inflation through October 2023. The 

annual inflation adjustment is based on 

the percent change between the 

Consumer Price Index for All Urban 

Consumers (CPI–U) for the October 

preceding the date of the adjustment 

and the prior year’s October CPI–U. 

Consistent with OMB M–24–07, the 

2024 inflation adjustment multiplier can 

be calculated by dividing the October 

2023 CPI–U by the October 2022 CPI– 

U. In this case, October 2023 CPI–U 

(307.671)/October 2022 CPI–U (298.012) 

= 1.03241. 


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Federal Register / Vol. 89, No. 17 / Thursday, January 25, 2024 / Rules and Regulations 4817 

5See Office of Mgmt. & Budget, Exec. Office of 

the President, OMB M–19–14, Guidance on 

Compliance with the Congressional Review Act 

(2019), available at https://www.whitehouse.gov/ 

wp-content/uploads/2019/04/M-19-14.pdf; OMB 

Memorandum M–24–07 at 3. 

For 2024, BOEM multiplied the 

current OCSLA maximum daily civil 

monetary penalty of $52,646 by the 

multiplier 1.03241, which equals 

$54,352.26. The Improvements Act 

requires that the resulting amount then 

be rounded to the nearest dollar. 

Accordingly, the 2024 adjusted OCSLA 

maximum daily civil monetary penalty 

is $54,352. 

For 2024, BOEM multiplied the 

current OPA maximum daily civil 

penalty amount of $55,808 by the 

multiplier 1.03241, which equals 

$57,616.74. The Improvements Act 

requires that the resulting amount then 

be rounded to the nearest dollar. 

Accordingly, the 2024 adjusted OPA 

maximum daily civil monetary penalty 

is $57,617. 

The adjusted penalty amounts take 

effect immediately upon publication of 

this rule. Under the Improvements Act, 

the adjusted amounts apply to civil 

penalties assessed after the date the 

increase takes effect, even if the 

associated violation predates the 

increase. 

This table summarizes BOEM’s 2024 

maximum daily civil monetary penalties 

for each OCSLA and OPA violation: 

CFR citation Description of the penalty 

Current 

maximum 

penalty 

Multiplier 

2024 

Maximum 

penalty 

30 CFR 550.1403 (OCSLA) .......................... Failure to comply per day per violation ............................... $52,646 1.03241 $54,352 

30 CFR 553.51(a) (OPA) ............................... Failure to comply per day per violation ............................... 55,808 1.03241 57,617 

IV. Statutory and Executive Order 

Reviews 

A. Statutes 

1. National Environmental Policy Act 

This rule does not constitute a major 

Federal action under the National 

Environmental Policy Act of 1969 

(NEPA, 42 U.S.C. 4321 et seq.) because 

the civil penalty adjustments are 

required by law (see 40 CFR 

1508.1(q)(1)(ii)). The Improvements Act 

requires BOEM to annually adjust the 

amounts of its civil penalties to account 

for inflation as measured by the 

Department of Labor’s Consumer Price 

Index. Accordingly, BOEM has no 

discretion in the execution of the civil 

penalty adjustments reflected in this 

final rule. Because this rule is not a 

major Federal action, it is therefore not 

subject to the requirements of NEPA. 

Even if this were a discretionary action 

subject to NEPA, which it is not, a 

detailed statement under NEPA would 

not be required because, as a regulation 

of an administrative nature, this rule 

would be covered by a categorical 

exclusion (see 43 CFR 46.210(i)). 

Moreover, BOEM determined that the 

rule does not implicate any of the 

extraordinary circumstances listed in 43 

CFR 46.215 that would prevent reliance 

on the categorical exclusion. Therefore, 

a detailed statement under NEPA is not 

required. 

2. Regulatory Flexibility Act 

The Regulatory Flexibility Act (RFA, 

5 U.S.C. 601 et seq.) requires an agency 

to prepare a regulatory flexibility 

analysis for all rules unless the agency 

certifies that the rule will not have a 

significant economic impact on a 

substantial number of small entities. 

However, the RFA applies only to rules 

for which an agency is required to first 

publish a proposed rule. See 5 U.S.C. 

603(a) and 604(a). The Improvements 

Act expressly exempts these annual 

inflation adjustments from the 

requirement to publish a proposed rule 

for notice and comment. Improvements 

Act, Public Law 114–74, sec. 

701(b)(1)(D); OMB M–24–07 at 3–4. 

Thus, the RFA does not apply to this 

rulemaking. 

3. Paperwork Reduction Act 

This rule does not contain 

information collection requirements, 

and, therefore, a submission to OMB 

under the Paperwork Reduction Act (44 

U.S.C. 3501 et seq.) is not required. 

4. Unfunded Mandates Reform Act 

This rule does not impose an 

unfunded mandate on State, local, or 

Tribal governments, in the aggregate, or 

to the private sector, of $100 million or 

more in any one year. The rule does not 

have a significant or unique effect on 

State, local, or Tribal Governments, or 

on the private sector. Therefore, a 

statement containing the information 

required by the Unfunded Mandates 

Reform Act (2 U.S.C. 1531 et seq.) is not 

required. 

5. Small Business Regulatory 

Enforcement Fairness Act 

This rule is not a major rule under 5 

U.S.C. 804(2). This rule: 

(a) will not have an annual effect on 

the economy of $100 million or more; 

(b) will not cause a major increase in 

costs or prices for consumers, 

individual industries, Federal, State, or 

local government agencies, or 

geographic regions; and 

(c) will not have significant adverse 

effects on competition, employment, 

investment, productivity, innovation, or 

the ability of U.S.-based enterprises to 

compete with foreign-based enterprises. 

6. Congressional Review Act 

Pursuant to the Congressional Review 

Act (5 U.S.C. 801 et seq.) and OMB 

guidance,5 this rule is not a major rule, 

as defined by that act. 5 U.S.C. 804(2). 

B. Executive Orders (E.O.) 

1. Governmental Actions and 

Interference With Constitutionally 

Protected Property Rights (E.O. 12630) 

This rule does not effect a taking of 

private property or otherwise have 

takings implications under E.O. 12630. 

Therefore, a takings implication 

assessment is not required. 

2. Regulatory Planning and Review (E.O. 

12866); Modernizing Regulatory Review 

(E.O. 14094); Improving Regulation and 

Regulatory Review (E.O. 13563) 

E.O. 12866, as amended by E.O. 

14094, provides that the Office of 

Information and Regulatory Affairs 

(OIRA) will review all significant rules. 

OIRA determined that annual civil 

penalty inflation adjustment rules are 

not significant if they exclusively 

implement the annual inflation 

adjustment consistent with OMB 

guidance and have an annual impact of 

less than $200 million. See OMB 

Memorandum M–24–07 at 3. This rule 

meets those conditions and, thus, is not 

a significant rule. 

E.O. 13563 reaffirms the principles of 

E.O. 12866, as amended by E.O. 14094, 

while calling for improvements in the 

Nation’s regulatory system to reduce 

uncertainty and to promote 

predictability and for the use of the best, 

most innovative, and least burdensome 

tools for achieving regulatory ends. E.O. 

13563 directs agencies to consider 

regulatory approaches that reduce 

burdens and maintain flexibility and 

freedom of choice for the public where 


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4818 Federal Register / Vol. 89, No. 17 / Thursday, January 25, 2024 / Rules and Regulations 

these approaches are relevant, feasible, 

and consistent with regulatory 

objectives. E.O. 13563 further 

emphasizes that regulations must be 

based on the best available science and 

that the rulemaking process must allow 

for public participation and an open 

exchange of ideas. However, BOEM is 

using neither science nor public 

participation in this rulemaking. 

Congress directed agencies to adjust the 

maximum daily civil penalty amounts 

using a particular equation without 

public participation. BOEM does not 

have discretion to use any other factor 

in the adjustment. BOEM has developed 

this rule in a manner consistent with the 

requirements in E.O. 13563 to the extent 

relevant and feasible given the limited 

discretion provided agencies under the 

Improvements Act. 

3. Civil Justice Reform (E.O. 12988) 

This rule complies with the 

requirements of E.O. 12988. 

Specifically, this rule: 

(a) meets the criteria of section 3(a) 

requiring that all regulations be 

reviewed to eliminate errors and 

ambiguity and be written to minimize 

litigation; and 

(b) meets the criteria of section 3(b)(2) 

requiring that all regulations be written 

in clear language and contain clear legal 

standards. 

4. Federalism (E.O. 13132) 

Under the criteria in section 1 of E.O. 

13132, this rule does not have sufficient 

federalism implications to warrant the 

preparation of a federalism summary 

impact statement. This rule merely 

adjusts the dollar amount of civil 

monetary penalties that BOEM may 

impose on oil and gas lessees, grant 

holders, and operators on the Outer 

Continental Shelf and has no effects on 

any action of State or local governments. 

Therefore, a federalism summary impact 

statement is not required. 

5. Consultation and Coordination With 

Indian Tribal Governments (E.O. 13175) 

The Department of the Interior and 

BOEM strive to strengthen their 

government-to-government 

relationships with Indian Tribes 

through a commitment to consultation 

with Indian Tribes and recognition of 

the Tribes’ right to self-governance and 

Tribal sovereignty. BOEM evaluated this 

rule under the Department of the 

Interior’s consultation policy, 

Departmental Manual part 512 chapters 

4 and 5, and E.O. 13175. BOEM 

determined that this rule has no 

substantial direct effects on federally 

recognized Indian Tribes or Alaska 

Native Claims Settlement Act 

Corporations and that consultation 

under existing Department and BOEM 

policies is not required. 

6. Actions Concerning Regulations That 

Significantly Affect Energy Supply, 

Distribution, or Use (E.O. 13211) 

This rule is not a ‘‘significant energy 

action’’ under the definition of that term 

found in E.O. 13211. Therefore, a 

statement of energy effects is not 

required. 

List of Subjects 

30 CFR Part 550 

Administrative practice and 

procedure, Continental shelf, 

Environmental impact statements, 

Environmental protection, Federal 

lands, Government contracts, 

Investigations, Mineral resources, Oil 

and gas exploration, Outer continental 

shelf, Penalties, Pipelines, Reporting 

and recordkeeping requirements, Rightsof-way, Sulfur. 

30 CFR Part 553 

Administrative practice and 

procedure, Continental shelf, Financial 

responsibility, Liability, Limit of 

liability, Oil and gas exploration, Oil 

pollution, Outer continental shelf, 

Penalties, Pipelines, Reporting and 

recordkeeping requirements, Rights-ofway, Surety bonds, Treasury securities. 

This action by the Deputy Assistant 

Secretary is taken pursuant to an 

existing delegation of authority. 

Steven H. Feldgus, 

Principal Deputy Assistant Secretary, Land 

and Minerals Management. 

For the reasons stated in the 

preamble, BOEM amends 30 CFR parts 

550 and 553 as follows: 

PART 550—OIL AND GAS AND 

SULPHUR OPERATIONS IN THE 

OUTER CONTINENTAL SHELF 

■ 1. The authority citation for part 550 

continues to read as follows: 

Authority: 30 U.S.C. 1751; 31 U.S.C. 9701; 

43 U.S.C. 1334. 

■ 2. Revise § 550.1403 to read as 

follows: 

§ 550.1403 What is the maximum civil 

penalty? 

The maximum civil penalty is 

$54,352 per day per violation. 

PART 553—OIL SPILL FINANCIAL 

RESPONSIBILITY FOR OFFSHORE 

FACILITIES 

■ 3. The authority citation for part 553 

is amended to read as follows: 

Authority: 33 U.S.C. 2704, 2716; 2716a; 

E.O. 12777, as amended. 

■ 4. Revise § 553.51(a) to read as 

follows: 

§ 553.51 What are the penalties for not 

complying with this part? 

(a) If you fail to comply with the 

financial responsibility requirements of 

OPA at 33 U.S.C. 2716 or with the 

requirements of this part, then you may 

be liable for a civil penalty of up to 

$57,617 per COF per day of violation 

(that is, each day a COF is operated 

without acceptable evidence of OSFR). 

* * * * * 

[FR Doc. 2024–01412 Filed 1–24–24; 8:45 am] 

BILLING CODE 4340–98–P 

DEPARTMENT OF THE TREASURY 

Office of the Secretary of the Treasury 

31 CFR Parts 16, 27, and 50 

Inflation Adjustment of Civil Monetary 

Penalties 

AGENCY: Departmental Offices Treasury. 

ACTION: Final rule. 

SUMMARY: The Department of the 

Treasury (‘‘Department’’ or ‘‘Treasury’’) 

publishes this final rule to adjust its 

civil monetary penalties (‘‘CMPs’’) for 

inflation as mandated by the Federal 

Civil Penalties Inflation Adjustment Act 

of 1990, as amended by the Federal 

Civil Penalties Inflation Adjustment Act 

Improvements Act of 2015 (collectively 

referred to herein as ‘‘the Act’’). 

DATES: Effective January 25, 2024. 

FOR FURTHER INFORMATION CONTACT: For 

information regarding the Terrorism 

Risk Insurance Program’s CMPs, contact 

Richard Ifft, Lead Management and 

Senior Insurance Policy Analyst, 

Terrorism Risk Insurance Program, 

Federal Insurance Office, Room 1410 

MT, Department of the Treasury, 1500 

Pennsylvania Avenue NW, Washington, 

DC 20220, at (202) 622–2922 (not a tollfree number), or Sherry Rowlett, 

Program Analyst, Federal Insurance 

Office, at (202) 622–1890 (not a toll free 

number). Persons who have difficulty 

hearing or speaking may access these 

numbers via TTY by calling the toll-free 

Federal Relay Service at (800) 877–8339. 

For information regarding the 

Treasury-wide CMPs, contact Richard 

Dodson, Senior Counsel, General Law, 

Ethics, and Regulation, 202–622–9949. 

SUPPLEMENTARY INFORMATION: 

I. Background 

In order to improve the effectiveness 

of CMPs and to maintain their deterrent 


khammond on DSKJM1Z7X2PROD with RULES