Amendment 154

AMENDMENT 154

Section 2F1.1(b)(1) is amended by deleting:

"Loss	Increase in Level
(A) $2,000 or less	no increase
(B) $2,001 - $5,000	add 1
(C) $5,001 - $10,000	add 2
(D) $10,001 - $20,000	add 3
(E) $20,001 - $50,000	add 4
(F) $50,001 - $100,000	add 5
(G) $100,001 - $200,000	add 6
(H) $200,001 - $500,000	add 7
(I) $500,001 - $1,000,000	add 8
(J) $1,000,001 - $2,000,000	add 9
(K) $2,000,001 - $5,000,000	add 10
(L) over $5,000,000	add 11",

and inserting in lieu thereof:

"Loss (Apply the Greatest)	Increase in Level
(A) $2,000 or less	no increase
(B) More than $2,000	add 1
(C) More than $5,000	add 2
(D) More than $10,000	add 3
(E) More than $20,000	add 4
(F) More than $40,000	add 5
(G) More than $70,000	add 6
(H) More than $120,000	add 7
(I) More than $200,000	add 8
(J) More than $350,000	add 9
(K) More than $500,000	add 10
(L) More than $800,000	add 11
(M) More than $1,500,000	add 12
(N) More than $2,500,000	add 13
(O) More than $5,000,000	add 14
(P) More than $10,000,000	add 15
(Q) More than $20,000,000	add 16
(R) More than $40,000,000	add 17
(S) More than $80,000,000	add 18".

Reason for Amendment: The purposes of this amendment are to conform the theft and fraud loss tables to the tax evasion table in order to remove an unintended inconsistency between these tables in cases where the amount is greater than $40,000, to increase the offense levels for offenses with larger losses to provide additional deterrence and better reflect the seriousness of the conduct, and to eliminate minor gaps in the loss table.

Effective Date: The effective date of this amendment is November 1, 1989.