Maritime Commission Raises Fines Because Everything Costs More Now
Published Date: 1/14/2025
Rule
Summary
Starting January 15, 2025, the Federal Maritime Commission is raising its fines a bit to keep up with inflation. If you deal with maritime rules, expect penalties to be about 2.6% higher this year. This keeps the fines fair and tough enough to discourage rule-breaking without being outdated by rising prices.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Maritime Penalties Up 2.6%
If your business is subject to Federal Maritime Commission rules, the maximum civil penalties the Commission can assess are being increased by a multiplier of 1.02598 (about 2.598%) effective January 15, 2025. Examples: the cap for adverse impact on U.S. carriers (46 U.S.C. 42304) rises from $2,559,636 to $2,626,135; the cap for adverse shipping conditions (46 U.S.C. 42106) rises from $2,304,629 to $2,364,503; and a knowing and willful Shipping Act violation (46 U.S.C. 41107(a)) rises from $73,045 to $74,943.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in