Client Alerts & Newsletters

Budget Bill Will Increase FCA Penalties


On November 2, the President signed the Bipartisan Budget Act of 2015, which requires federal agencies for the first time since 1996 to increase their civil monetary penalties assessed under statutes including the FCA and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to account for inflation, as measured to the Consumer Price Index. The "catch up" increases are capped at a 150%, must be implemented through interim rulemaking that must take effect no later than August 1, 2016, and must then be adjusted annually.

For more information, please contact the professional(s) listed below, or your regular Crowell & Moring contact.

Gail D. Zirkelbach
Partner – Los Angeles
Phone: +1 213.443.5549

Crowell & Moring LLP is an international law firm with approximately 550 lawyers representing clients in litigation and arbitration, regulatory and policy, and transactional matters. The firm is internationally recognized for its representation of Fortune 500 companies in high-stakes litigation, as well as its ongoing commitment to pro bono service and diversity, equity and inclusion. The firm has offices in Brussels, Doha, London, Los Angeles, New York, Orange County, San Francisco, Shanghai, and Washington, D.C.

View Desktop Site | Mobile Sitemap |

Contact | Subscribe | Terms of Use | Privacy Statement | Alumni

© Crowell & Moring LLP 2021
Attorney advertising - prior results do not guarantee a similar outcome.