Businesses that are found in violation of federal occupational safety and health laws will pay more in penalties starting Aug. 1.
Under a law passed by Congress last year, penalties that were last adjusted in 1990 are going up nearly 80 percent to account for inflation. The maximum penalty a company must pay per violation is rising to $12,471 from $7,000. If a company fails to correct a violation, it will face a maximum penalty of $12,471 per day as well, also up from $7,000.
If a company is found to have willfully or repeatedly violated occupational safety and health laws, it can be face a maximum penalty of $124,709 per violation, up from $70,000.
The penalties will now be adjusted annually for inflation.
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