CBO 

Report 
Analyzing How the Effects of Federal Policies May Differ by Race and Ethnicity 
May 6, 2022
CBO describes the agency's efforts to increase its capacity to analyze how budgetary and economic conditions or developments may affect various demographic groups (including groups based on race and ethnicity) differently.

Cost Estimate 
H.R. 2326, Veterans’ Cyber Risk Assessment Act 
May 6, 2022
As ordered reported by the House Committee on Veterans’ Affairs on April 6, 2022

Presentation 
Key Tenets of Effective Communication at the Congressional Budget Office 
May 6, 2022
Deborah Kilroe, CBO's Director of Communications, discusses the key tenets of effective communication at CBO in a presentation to the OECD’s Committee of Senior Budget Officials.

Cost Estimate 
Legislation considered under suspension of the Rules of the House of Representatives during the week of May 9, 2022 
May 6, 2022
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues.

Cost Estimate 
S. 3491, Commission on Reform and Modernization of the Department of State Act 
May 6, 2022
As reported by the Senate Committee on Foreign Relations on April 6, 2022

Cost Estimate 
S. 3904, Healthcare Cybersecurity Act of 2022 
May 6, 2022
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on March 30, 2022

Presentation 
Dynamic Analysis at the U.S. Congressional Budget Office 
May 5, 2022
Presentation by Theresa Gullo, CBO's Director of Budget Analysis, to the Organisation for Economic Co-operation and Development's Committee of Senior Budget Officials.

Cost Estimate 
H.R. 4270, Abandoned Well Remediation Research and Development Act 
May 5, 2022
As ordered reported by the House Committee on Science, Space, and Technology on January 19, 2022

Cost Estimate 
H.R. 5324, NWR Modernization Act of 2021 
May 5, 2022
As ordered reported by the House Committee on Science, Space, and Technology on November 16, 2021

Cost Estimate 
S. 3199, Ethiopia Peace and Stabilization Act of 2022 
May 5, 2022
As reported by the Senate Committee on Foreign Relations on April 6, 2022

Cost Estimate 
H.R. 1443, LGBTQ Business Equal Credit Enforcement and Investment Act 
May 4, 2022
As passed by the House of Representatives on June 24, 2021

Cost Estimate 
H.R. 6064, a bill to direct the Secretary of Veterans Affairs to seek to enter into an agreement with the National Academies of Sciences, Engineering, and Medicine for a review of examinations, furnished by the Secretary, to individuals who submit claims 
May 4, 2022
As ordered reported by the House Committee on Veterans’ Affairs on April 6, 2022

Cost Estimate 
H.R. 6087, Improving Access to Workers’ Compensation for Injured Federal Workers Act of 2022 
May 4, 2022
As ordered reported by the House Committee on Education and Labor on March 16, 2022

Cost Estimate 
H.R. 1924, Kenneth P. Thompson Begin Again Act 
May 3, 2022
As ordered reported by the House Committee on the Judiciary on April 6, 2022

Cost Estimate 
H.R. 4067, Communications Security, Reliability, and Interoperability Council Act 
May 3, 2022
As passed by the House of Representatives on October 20, 2021

Cost Estimate 
H.R. 5374, SHOP SAFE Act of 2021 
May 3, 2022
As ordered reported by the House Committee on the Judiciary on September 29, 2021

Cost Estimate 
H.R. 5615, Homeland Security Capabilities Preservation Act 
May 3, 2022
As passed by the House of Representatives on March 7, 2022

Cost Estimate 
S. 3499, a bill to amend the Post-Katrina Emergency Management Reform Act of 2006 to repeal certain obsolete requirements, and for other purposes 
May 2, 2022
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on February 2, 2022

GAO 

Higher Education 
Education Needs to Strengthen Its Approach to Monitoring Colleges' Arrangements with Online Program Managers 
GAO-22-104463 
Published: Apr 05, 2022. 
Publicly Released: May 05, 2022. 
What GAO Found At least 550 colleges worked with an online program manager (OPM) to support at least 2,900 education programs (e.g., certificate and degree programs) as of July 2021, according to the most recently available market research data. 

The Nation’s Fiscal Health 
Federal Action Critical to Pivot toward Fiscal Sustainability 
GAO-22-105376 
Published: May 05, 2022. 
Publicly Released: May 05, 2022. 
What GAO Found The federal government faces an unsustainable fiscal future. At the end of fiscal year 2021, debt held by the public was about 100 percent of gross domestic product (GDP), a 33 percent increase from fiscal year 2019. 

Federal Contracting 
Opportunities Remain for Department of Labor to Improve Enforcement of Service Worker Wage Protections 
GAO-22-106013 
Published: May 05, 2022. 
Publicly Released: May 05, 2022. 
What GAO Found The Department of Labor (DOL) completed over 5,000 Service Contract Act (SCA) cases in fiscal years 2014 through 2019 according to available data. 

DOD Financial Management 
Additional Actions Would Improve Reporting of Joint Strike Fighter Assets 
GAO-22-105002 
Published: May 05, 2022. 
Publicly Released: May 05, 2022. 
What GAO Found The Department of Defense (DOD) has taken steps to address the material weakness that auditors identified related to the F-35 Joint Strike Fighter (JSF) program, including establishing milestone dates for addressing underlying issues. 

Environmental Cleanup 
Status of Major DOE Projects and Operations 
GAO-22-104662 
Published: May 04, 2022. Publicly Released: May 04, 2022. 
What GAO Found The Department of Energy's (DOE) Office of Environmental Management (EM) manages DOE's radioactive and hazardous waste cleanup program across 16 sites (see fig.), using both capital asset projects and operations activities. 

Earthquakes 
Opportunities Exist to Further Assess Risk, Build Resilience, and Communicate Research 
GAO-22-105016 
Published: May 04, 2022. 
Publicly Released: May 04, 2022. 
What GAO Found The National Earthquake Hazards Reduction Program (NEHRP) has goals outlined in its most recent Strategic Plan for fiscal years (FY) 2009-2013 for the improvement of earthquake resilience in communities nationwide. 

DOD Animal Use 
Objectives and Performance Measures Needed to Monitor Use of Alternatives for Trauma Training 
GAO-22-103992 
Published: May 03, 2022. 
Publicly Released: May 03, 2022. 
What GAO Found The Department of Defense (DOD) has undertaken department-wide efforts to refine, reduce, and replace the use of animals for trauma training, in accordance with DOD policy, but cannot fully demonstrate the extent to which DOD has made progress in minimizing animal use. 

DHS Contracts 
Opportunities Exist to Improve Oversight and Monitoring of Urgent Noncompetitive Awards 
GAO-22-105074 
Published: May 03, 2022. 
Publicly Released: May 03, 2022. 
What GAO Found The Department of Homeland Security (DHS) acquires billions of dollars of goods and services each year through contracts awarded through limited or no competition. 

Nuclear Waste 
DOE Needs Greater Leadership Stability and Commitment to Accomplish Cleanup Mission 
GAO-22-104805 
Published: May 03, 2022. 
Publicly Released: May 03, 2022. 
What GAO Found The Department of Energy's (DOE) Office of Environmental Management (EM) has experienced frequent turnover in its top leadership position, with the average top leader serving for less than 2 years.

GASB 

GASB Issues Omnibus Statement Addressing Wide Range of Practice Issues 
May 9, 2022

IASB 

28 March 2022 Consultative Group for Rate Regulation meeting summary now available 
Meeting
9 May 2022  

Join the Staff—Adoption Support Manager 
Careers
8 May 2022  

May 2022 Islamic Finance Consultative Group agenda, meeting papers and webcast link available 
Meeting
5 May 2022

April 2022 IASB podcast now available 
Podcast
5 May 2022 

Compilation of Agenda Decisions—Volume 6 published 
Agenda Decision
5 May 2022 

April 2022 monthly news summary 
News summary
3 May 2022

March 2022 Accounting Standards Advisory Forum meeting summary available 
Meeting
3 May 2022

IRS 

IRS provides guidance for residents of Puerto Rico to claim the Child Tax Credit 
IR-2022-105, May 6, 2022 — The Internal Revenue Service today issued guidance for certain individuals in Puerto Rico on how to file and claim the Child Tax Credit payments that they are entitled to receive under the American Rescue Plan Act. 

For National Small Business Week, special tax credit can help employers hire workers; key certification requirement applies 
IR-2022-104, May 6, 2022 — With many businesses facing a tight job market, the Internal Revenue Service reminds employers to check out a valuable tax credit available for hiring long-term unemployment recipients and other groups of workers facing significant barriers to employment. 

National Small Business Week: E-file, the best way to report payroll taxes 
IR-2022-103, May 5, 2022 — The Internal Revenue Service today urged small businesses to take advantage of the accuracy, speed and convenience of filing their payroll tax returns and making tax payments electronically. 

Ahead of hurricane season, IRS offers tips on ways to prepare for natural disasters 
IR-2022-102, May 5, 2022 — The Internal Revenue Service reminded taxpayers today that May includes National Hurricane Preparedness Week and is National Wildfire Awareness Month. This is a good time to create or review an emergency preparedness plan, including steps to protect important tax-related information. 

National Small Business Week: Making estimated tax payments electronically is fast and easy 
IR-2022-101, May 4, 2022 — The IRS reminds all businesses, including self-employed and gig workers, to make estimated tax payments quarterly, and that making them electronically is fast, easy and safe. 

For National Small Business Week, plan now to take advantage of tax benefits for 2022; enhanced deduction for business meals, home office deduction and more 
IR-2022-100, May 3, 2022 — The IRS today urged business taxpayers to begin planning now to take advantage of the enhanced 100% deduction for business meals and other tax benefits available to them when they file their 2022 federal income tax return.

Low Income Taxpayer Clinic 2023 grant application period now open – National Taxpayer Advocate calls for applicants looking to serve their communities and uphold taxpayer rights 
IR-2022-99, May 2, 2022 — The Internal Revenue Service today announced the opening of the application period for Low Income Taxpayer Clinic (LITC) matching grants for calendar year 2023. Applications will be accepted from May 2 to June 16, 2022.

NYS 

Governor Hochul Signs Legislation Boosting Consumer Protections and Addressing Inequities in Financial Services System 
May 5, 2022 

Attorney General James Secures $141 Million for Millions of Americans Deceived by TurboTax 
May 4, 2022 

Family of Alleged Scam Artitsts Charged with Numerous Crimes, Including Grand Larceny, Identity Theft, Tax Fraud 
May 4, 2022

PCAOB 

PCAOB Updates Standard-Setting and Research Agendas 
May 4, 2022

SEC 

SEC Extends Comment Period for Proposed Rules on Climate-Related Disclosures, Reopens Comment Periods for Proposed Rules Regarding Private Fund Advisers and Regulation ATS 
 2022-82, May 9, 2022 — The Securities and Exchange Commission today announced that it has extended the public comment period on the proposed rulemaking to enhance and standardize climate-related disclosures for investors until June 17, 2022. The SEC also announced that it will reopen the comment periods on the proposed rulemaking to enhance private fund investor protection and on the proposed rulemaking to include significant Treasury markets platforms within Regulation ATS for 30 days.  

SEC Halts Fraudulent Cryptomining and Trading Scheme       
2022-81, May 6, 2022 —The Securities and Exchange Commission today announced fraud charges against MCC International Corp. (MCC), which does business as Mining Capital Coin Corp., its founders Luiz Carlos Capuci, Jr. (aka Junior Caputti or Capuci) and Emerson Souza Pires (Pires), and two other entities controlled by Capuci, CPTLCoin Corp. (CPTLCoin) and Bitchain Exchanges (Bitchain), in connection with the unregistered offerings and fraudulent sales of investment plans called mining packages to thousands of investors. According to the SEC’s complaint, Defendants MCC, Capuci, and Pires allegedly netted at least $8.1 million from the sale of the mining packages and $3.2 million in initiation fees. On April 21, 2022, the United States District Court for the Southern District of Florida issued a temporary restraining order against all of the defendants and an order freezing defendants’ assets, among other relief. 

SEC Issues Nearly $3.5 Million Award to Four Whistleblowers         
2022-80, May 6, 2022 — The Securities and Exchange Commission today announced a total award of nearly $3.5 million to four whistleblowers who provided information and assistance in a single covered action.Three joint whistleblowers provided Commission staff with information that caused the staff to open a new investigation that led to the successful enforcement action. These joint whistleblowers’ information also caused another agency to open an investigation which led to a separate successful action. Another whistleblower provided insights based on an analysis of publicly available information that focused the staff’s attention on new allegations that advanced the investigation

SEC Charges NVIDIA Corporation with Inadequate Disclosures about Impact of Cryptomining     
2022-79, May 6, 2022 —The Securities and Exchange Commission today announced settled charges against technology company NVIDIA Corporation for inadequate disclosures concerning the impact of cryptomining on the company’s gaming business. The SEC’s order finds that, during consecutive quarters in NVIDIA’s fiscal year 2018, the company failed to disclose that cryptomining was a significant element of its material revenue growth from the sale of its graphics processing units (GPUs) designed and marketed for gaming. Cryptomining is the process of obtaining crypto rewards in exchange for verifying crypto transactions on distributed ledgers. As demand for and interest in crypto rose in 2017, NVIDIA customers increasingly used its gaming GPUs for cryptomining. 

SEC Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit       
2022-78, May 3, 2022 —The Securities and Exchange Commission today announced the allocation of 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats. The newly renamed Crypto Assets and Cyber Unit (formerly known as the Cyber Unit) in the Division of Enforcement will grow to 50 dedicated positions. 

OMWI Reports Highlight Progress in Diversity, Equity and Inclusion                  
2022-77, May 2, 2022  — As part of its continuing efforts to educate regulated entities on the benefits and importance of sharing self-assessments of their diversity policies and practices, the Securities and Exchange Commission (SEC) published a Diversity Assessment Report today that analyzes information received from regulated entities in response to OMWI’s 2020 invitation to conduct and submit voluntary self-assessments of their diversity policies and practices. Although there has been an incremental increase in participation of voluntary self-assessments by SEC-regulated entities since the SEC began collecting voluntary self-assessments in 2018, the SEC continues to focus on encouraging SEC-regulated entities to conduct and share self-assessments of their diversity policies and practices with the SEC. 

TIGTA 

A Service-Wide Strategy Is Needed to Address Challenges Limiting Growth in Business Tax Return Electronic Filing 
May 4, 2022 

American Rescue Plan Act: Implementation of Premium Tax Credit Provisions 
May 2, 2022 

Interim Results of the 2022 Filing Season 
May 2, 2022