Federal contractors, beware: False Claims Act penalties will nearly double, effective Aug. 1
Under the Bipartisan Budget Act of 2015, Congress required federal agencies to adjust for inflation its civil monetary penalty (CMP) levels, with automatic annual adjustments. The initial catch up adjustments for inflation to CMPs must be published through an interim final rule not later than July 1, 2016, and the adjustments for inflation shall take effect not later than Aug. 1, 2016. For each year thereafter, the adjustments for inflation to CMPs shall take effect not later than Jan. 15.
