2016-11868: Civil Penalties Inflation Adjustments

Summary

The Small Business Administration (SBA) is amending its regulations to adjust for inflation the amount of certain civil monetary penalty that is within the jurisdiction of the agency. This adjustment is required by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. This rule also makes technical amendments to the regulations governing misrepresentations in SBA contracting programs to add a cross reference to the regulation that contains the applicable penalty amounts for misrepresentations and to correct a citation in the same regulations. Finally, the rule makes a technical amendment to an existing regulation governing small business investment companies to add a cross reference to a new civil penalty provision.

The agency’s own summary, as published.

What this changes

Amends 9 parts of the Code of Federal Regulations — the standing rules this notice rewrites.

• 13 CFR 107 Small Business Investment Companies
• 13 CFR 120 Business Loans
• 13 CFR 121 Small Business Size Regulations
• 13 CFR 124 8(a) Business Development/Small Disadvantaged Business Status Determinations
• 13 CFR 125 Government Contracting Programs
• 13 CFR 126 HUBZone Program
• 13 CFR 127 Women-Owned Small Business Federal Contract Program
• 13 CFR 142 Administrative False Claims Act Regulations
• 13 CFR 146 New Restrictions on Lobbying