Diversity Jurisdiction Inflation Adjustment Act

Automatic inflation adjustments: The bill establishes a system where the minimum amount in controversy is adjusted every ten years to reflect changes in the Consumer Price Index (Section 2, subsection (b)(1)(2)(B)). This ensures the threshold stays updated relative to inflation.

Clear adjustment process: The Director of the Administrative Office of the United States Courts is tasked with determining adjustment amounts and publishing them in the Federal Register (Section 2, subsection (b)(1)(2)(C)). This provides a predictable method for determining the new minimum amounts.

Higher threshold for federal jurisdiction: The bill increases the minimum amount in controversy to not less than $150,000 (Section 2, subsection (b)(1)). This is a change from the $75,000 figure previously found in the law.

Increased risk of costs for plaintiffs: If a plaintiff is finally adjudged to be entitled to recover less than the required sum, the district court may deny costs to the plaintiff and may impose costs on the plaintiff (Section 2, subsection (b)(3)).