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Implementation of the Program Fraud Civil Remedies Act of 1986 Interim Final Rule

Open Date:
Open for comment 7/1/2016
Deadline:
All comments are due by 8/1/2016
Type:
Interim Final Rule
Number:
RIN-2590-AA76
Group:
 
Other
Document Number:
2016-15620
CFR:
12 CFR Part 1217
CFR Description:
Program Fraud Civil Remedies Act
Federal Register Publish Date:
View Document:
 
Contact Information:

FOR FURTHER INFORMATION CONTACT:  Maura Dundon, Assistant General Counsel, Office of the General Counsel, (202) 649–3961, Maura.Dundon@fhfa.gov, or Ellen Bailey, Managing Associate General Counsel, Office of General Counsel, (202) 649–3056, Ellen.Bailey@fhfa.gov, 400 Seventh Street SW., Eighth Floor, Washington, DC 20219 (not toll free numbers).  If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

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SUMMARY:  FHFA is adopting an interim final rule to implement the Program Fraud Civil Remedies Act of 1986 (31 U.S.C. 3801 et seq.) (PFCRA), by establishing administrative procedures for imposing civil penalties and assessments against persons who make false, fictitious, or fraudulent claims or written statements to FHFA in the context of its contracting or employment activities, where the amount of money or the value of property or services involved or requested from FHFA is $150,000 or less. FHFA previously issued a notice of proposed rulemaking to implement PFCRA. This rule is issued as an interim final rule rather than as a final rule because it increases the maximum penalty amount set forth in the proposed rule as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (Adjustment Improvements Act), and that Act also requires that such ‘‘catch up’’ adjustments be published in the form of an interim final rule. If, prior to the effective date of the interim final rule, FHFA does not receive any comments from which FHFA concludes that the rule should be revised, this rule will become final without further action by FHFA.

DATES: Effective Date: August 1, 2016.

Comment Date: Comments on the interim final rule must be received prior to August 1, 2016.

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