The Commission shall, not later than August 1, 2016, and at least every year thereafter—

(a) By regulation adjust each civil monetary penalty provided by law within the jurisdiction of the Commission by the inflation adjustment described in §506.4; and

(b) Publish each such regulation in the Federal Register.

[61 FR 52705, Oct. 8, 1996, as amended at 81 FR 42553, June 30, 2016]