What federal act, established in 2002, allows retailers to impose financial penalties on shoplifters to offset costs of asset protection?

The federal act established in 2002 that allows retailers to impose financial penalties on shoplifters to offset costs of asset protection is the Civil Recovery Act. This legislation empowers retailers to recover losses incurred due to theft by enabling them to file civil claims against individuals who shoplift. The act facilitates the imposition of financial penalties, which are intended to cover the costs of asset protection measures and losses from theft, thereby providing a legal framework for retailers to pursue restitution for their losses.

Understanding this act is crucial for loss prevention professionals as it highlights the legal avenues available for deterring theft and recovering stolen assets. The other mentioned acts do not relate specifically to the retail sector or the issue of shoplifting in the same way; they focus on different areas of law or policy unrelated to asset protection in retail.