Cost Estimate
Estimated Budgetary Effects of Title VIII, Committee on Oversight and Reform, H.R. 5376, the Build Back Better Act
November 12, 2021
As Posted on the Website of the House Committee on Rules on November 3, 2021 (Rules Committee Print 117-18), as Amended by Yarmuth Amendment 112

Cost Estimate
Estimated Budgetary Effects of Title XI, Committee on Transportation and Infrastructure, H.R. 5376, the Build Back Better Act
November 12, 2021
As Posted on the Website of the House Committee on Rules on November 3, 2021 (Rules Committee Print 117-18), as Amended by Yarmuth Amendment 112

Cost Estimate
H.R. 2915, Homeland Procurement Reform Act
November 12, 2021
As reported by the House Committee on Homeland Security on October 5, 2021

Report
CBO’s Projections of Federal Receipts and Expenditures in the National Income and Product Accounts: 2022 to 2031
November 10, 2021
This report presents CBO’s budget projections for 2022 to 2031 in the framework of the national income and product accounts, which differ in certain ways from revenues and outlays as shown in the federal budget.

Cost Estimate
Estimated Budgetary Effects of Title IX, Committee on Science, Space, and Technology, H.R. 5376, the Build Back Better Act
November 10, 2021
As Posted on the Website of the House Committee on Rules on November 3, 2021 (Rules Committee Print 117-18), as Amended by Yarmuth Amendment 112

Cost Estimate
Estimated Budgetary Effects of Title V, Committee on Homeland Security, H.R. 5376, the Build Back Better Act
November 10, 2021
As Posted on the Website of the House Committee on Rules on November 3, 2021 (Rules Committee Print 117-18), as Amended by Yarmuth Amendment 112

Cost Estimate
Estimated Budgetary Effects of Title X, Committee on Small Business, H.R. 5376, the Build Back Better Act
November 10, 2021
As Posted on the Website of the House Committee on Rules on November 3, 2021 (Rules Committee Print 117-18), as Amended by Yarmuth Amendment 112

Cost Estimate
Estimated Budgetary Effects of Title XII, Committee on Veterans Affairs, H.R. 5376, Build Back Better Act
November 10, 2021
As Posted on the Website of the House Committee on Rules on November 3, 2021 (Rules Committee Print 117-18), as Amended by Yarmuth Amendment 112

Blog Post
CBO’s Schedule for Releasing a Cost Estimate for H.R. 5376, the Build Back Better Act
November 9, 2021
CBO will release estimates for individual titles of the bill as we complete them. CBO is aiming to release an estimate for the entire bill as soon as practicable, but the exact timing is uncertain.

Report
Monthly Budget Review: Summary for Fiscal Year 2021
November 8, 2021
In fiscal year 2021, the federal deficit totaled nearly $2.8 trillion—about $360 billion less than in 2020, but nearly triple the shortfall in 2019. That deficit was equal to 12.4% of GDP, down from 15.0% in 2020, but up from 4.7% in 2019.

Critical Infrastructure Protection
Education Should Take Additional Steps to Help Protect K-12 Schools from Cyber Threats
GAO-22-105024
Published: Oct 13, 2021.
Publicly Released: Nov 12, 2021.
As the COVID-19 pandemic has led to increased use of remote education, K-12 schools across the nation have increasingly reported ransomware and other types of cyberattacks. Federal agencies offer products and services to help schools prevent and respond to cyberattacks.

Financial Audit
IRS's FY 2021 and FY 2020 Financial Statements
GAO-22-104649
Published: Nov 10, 2021.
Publicly Released: Nov 10, 2021.
The Internal Revenue Service collects taxes to fund federal programs and services. In FY21, IRS collected over $4.1 trillion in taxes and paid out more than $1.1 billion in tax refunds, credits, and other payments—including over $569 billion related to COVID-19.

Financial Audit
Office of Financial Stability's (Troubled Asset Relief Program) FY 2021 and FY 2020 Financial Statements
GAO-22-105173
Published: Nov 10, 2021.
Publicly Released: Nov 10, 2021.
Treasury's Troubled Asset Relief Program was originally authorized to spend $700 billion to help prevent the U.S. financial system's collapse in 2008. As of September 30, 2021, TARP had spent $443.4 billion.

Missile Defense
Recent Acquisition Policy Changes Balance Risk and Flexibility, but Actions Needed to Refine Requirements Process
GAO-22-563
Published: Nov 10, 2021.
Publicly Released: Nov 10, 2021.
Getting missile defense systems into the field to defend the U.S. and its allies from attacks is a high priority. Traditionally, the Department of Defense allowed more flexibility in acquiring these systems.

Social Security Administration
Actions Needed by SSA to Ensure Disability Medical Consultants Are Properly Screened and Trained
GAO-22-103815
Published: Nov 09, 2021.
Publicly Released: Nov 09, 2021.
The Social Security Administration pays benefits to eligible people who are unable to work due to disability. State agencies review claims for disability benefits, and use "consultants" (physicians) to determine if claimants are medically eligible.

Financial Audit
Bureau of the Fiscal Service's FY 2021 and FY 2020 Schedules of Federal Debt
GAO-22-104592
Published: Nov 09, 2021.
Publicly Released: Nov 09, 2021.
Treasury's Fiscal Service issues debt to borrow money for federal operations, and reports the debt on financial statements called the Schedules of Federal Debt. As of Sept. 30, 2021, the federal debt was $28.4 trillion—up $1.5 trillion from 2020, due largely to the pandemic response.

Opportunity Zones
Census Tract Designations, Investment Activities, and IRS Challenges Ensuring Taxpayer Compliance
GAO-22-104019
Published: Oct 07, 2021.
Publicly Released: Nov 08, 2021.

GASB

GASB Outlook E-Newsletter Fall 2021  [11/09/21]
Newsletter

IASB Research Forum 2021: recordings and presentations now available
11 November 2021
CONFERENCE

IASB student visit dates for 2022 now available
10 November 2021
FOUNDATION VISIT

Watch new webcasts on the proposed IFRS Standard for subsidiaries without public accountability
10 November 2021
WEBCAST

IRS: Families will soon receive November advance Child Tax Credit payments; time running out to sign up online to get an advance payment in December
IR-2021-222, November 12, 2021 — The Internal Revenue Service and the Treasury Department announced today that millions of American families will soon receive their advance Child Tax Credit (CTC) payment for the month of November. Low-income families who are not getting payments and have not filed a tax return can still get one, but they must sign up on IRS.gov by 11:59 pm Eastern Time on Monday, Nov. 15.

IRS updates FAQs for 2020 Unemployment Compensation Exclusion 
IR-2021-221, November 12, 2021 — The Internal Revenue Service today updated its frequently-asked-questions (FAQs) on 2020 Unemployment Compensation Exclusion.

IRS Financial Report available on IRS.gov
IR-2021-220, November 10, 2021 – The Internal Revenue Service published its Financial Report on IRS.gov today. This new report provides the American people with a comprehensive view of the IRS’s financial activities as well as the accomplishments of its finance management community.

IRS provides tax inflation adjustments for tax year 2022
IR-2021-219, November 10, 2021 — The Internal Revenue Service today announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2021-45 provides details about these annual adjustments.

IRS updates 2021 Child Tax Credit and Advance Child Tax Credit Payments Frequently Asked Questions
IR-2021-218, November 9, 2021 — The Internal Revenue Service today updated frequently-asked-questions (FAQs) for the 2021 Child Tax Credit and Advance Child Tax Credit Payments to describe how taxpayers can now provide the IRS an estimate of your 2021 income using the Child Tax Credit Update Portal (CTC UP).

Get ready for taxes: Easy steps taxpayers can take now to make tax filing easier in 2022
IR-2021-217, November 8, 2021 — The Internal Revenue Service today encouraged taxpayers, including those who received stimulus payments or advance Child Tax Credit payments, to take important steps this fall to help them file their federal tax returns in 2022.

Christina Ho sworn in as a PCAOB Board member.
November 9, 2021

Entrepreneurship in Rural and Under-Resourced Areas on Agenda for Small Business Capital Formation Advisory Committee Meeting
2021-233, Nov. 10, 2021 —The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its virtual meeting on Tuesday, Nov. 16, when it plans to explore ways to foster entrepreneurship and capital access in rural and under-resourced areas.

SEC Issues Awards Totaling More Than $15 Million to Two Whistleblowers
2021-232, Nov. 10, 2021 — The Securities and Exchange Commission today announced awards of more than $12.5 million and $2.5 million to two whistleblowers whose information and assistance led to a successful SEC enforcement action.

Registration of Two Digital Tokens Halted
2021-231, Nov. 10, 2021 — The Securities and Exchange Commission today instituted proceedings against American CryptoFed DAO LLC, a Wyoming-based organization, halting the effectiveness of the company’s registration of two digital tokens as securities. 

SEC Charges Partner at Global Consulting Firm With Insider Trading
2021-230., Nov. 10, 2021 — The Securities and Exchange Commission today charged Puneet Dikshit, a partner at a global management consulting firm, with illegally trading in advance of a corporate acquisition by one of the firm’s clients in September.

SEC Charges Exchange-Traded Product and Its General Partner With Disclosure Failures
2021-229, Nov. 8, 2021 — The Securities and Exchange Commission today charged United States Oil Fund LP, an exchange-traded product (ETP), and its general partner United States Commodity Funds LLC for misleading statements about limitations imposed by its sole futures commission merchant and broker. USO and USCF have agreed to pay $2.5 million in penalties to settle parallel cases by the SEC and Commodity Futures Trading Commission

SEC Charges Exchange-Traded Product and Its General Partner With Disclosure Failures
2021-229., Nov. 8, 2021 — The Securities and Exchange Commission today charged United States Oil Fund LP, an exchange-traded product (ETP), and its general partner United States Commodity Funds LLC for misleading statements about limitations imposed by its sole futures commission merchant and broker. USO and USCF have agreed to pay $2.5 million in penalties to settle parallel cases by the SEC and Commodity Futures Trading Commission

Ahmed Abonamah Named Director of Office of Credit Ratings
2021-227, Nov. 8, 2021 —The Securities and Exchange Commission today announced that Ahmed Abonamah has been named Director of the agency’s Office of Credit Ratings, where he has served as Acting Director since October 2020.