Small Business Administration raises fines for rule-breakers

The Small Business Administration just increased the penalties for breaking its rules. This means businesses that violate SBA regulations will now pay higher fines.

Every year, federal agencies must adjust their civil monetary penalties for inflation. This ensures that fines keep their deterrent power over time, rather than becoming less impactful as money loses value. It also means that the cost of non-compliance for businesses slowly but steadily increases.