CBO

Blog Post
CBO’s Panel of Economic Advisers, 2020
May 8, 2020
CBO learns from many outside experts, including our Panel of Economic Advisers, about important analytical issues in the advisers’ areas of expertise and to obtain feedback about our economic forecast.

Report
Monthly Budget Review for April 2020
May 8, 2020
The federal budget typically records a surplus in April because final tax payments for the prior year and estimated payments for the current year are usually due on April 15. But this year, the government incurred a deficit of $737 billion in April, CBO estimates, compared with a surplus of $160 billion last year.

Cost Estimate
S. 1262, Oregon Recreation Enhancement Act
May 7, 2020
As reported by the Senate Committee on Energy and Natural Resources on December 18, 2019

Cost Estimate
S. 2898, CONTRACT Act of 2019
May 6, 2020
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on December 11, 2019

Cost Estimate
H.R. 2574, Equity and Inclusion Enforcement Act of 2019
May 5, 2020
As ordered reported by the House Committee on Education and Labor on May 16, 2019

Cost Estimate
S. 1853, BADGES for Native Communities Act
May 5, 2020
As ordered reported by the Senate Committee on Indian Affairs on December 11, 2019

Cost Estimate
H.R. 3349, Republic of Texas Legation Memorial
May 4, 2020
As ordered reported by the House Committee on Natural Resources on March 11, 2020

FASB

Private Company Council [05/06/20]
April 17, 2020 Meeting Minutes

GAO

Priority Open Recommendations:
Department of Defense
GAO-20-446PR:Published: May 4, 2020. Publicly Released: May 11, 2020.

Biomedical Research:
HHS Has Not Yet Used New Authorities to Improve Recruitment and Retention of Scientists
GAO-20-531R:Published: May 8, 2020. Publicly Released: May 8, 2020.

DHS Service Contracts:
Increased Oversight Needed to Reduce the Risk Associated with Contractors Performing Certain Functions
GAO-20-417:Published: May 7, 2020. Publicly Released: May 7, 2020.

Poverty Reduction:
HHS Can Improve Information to Assist States and Localities in Adopting Approaches That Serve Whole Families
GAO-20-382:Published: May 7, 2020. Publicly Released: May 7, 2020.

U.S. Postal Service:
Congressional Action Is Essential to Enable a Sustainable Business Model
GAO-20-385:Published: May 7, 2020. Publicly Released: May 7, 2020.

Food Safety:
FDA and USDA Could Strengthen Existing Efforts to Prepare for Oversight of Cell-Cultured Meat
GAO-20-325:Published: Apr 7, 2020. Publicly Released: May 7, 2020.

Employment-Related Identity Fraud:
Improved Collaboration and Other Actions Would Help IRS and SSA Address Risks
GAO-20-492:Published: May 6, 2020. Publicly Released: May 6, 2020.

Foreign Military Sales:
DOD Should Further Strengthen Financial Oversight of Transportation Fees
GAO-20-386:Published: May 6, 2020. Publicly Released: May 6, 2020.

National Flood Insurance Program:
FEMA Can Improve Community Oversight and Data Sharing
GAO-20-396:Published: May 5, 2020. Publicly Released: May 5, 2020.

Priority Open Recommendations:
Environmental Protection Agency
GAO-20-287PR:Published: Apr 28, 2020. Publicly Released: May 5, 2020.

FEMA Disaster Workforce:
Actions Needed to Address Deployment and Staff Development Challenges
GAO-20-360: Published: May. 4, 2020 Publicly Released: May. 4, 2020

National Preparedness:
Additional Actions Needed to Address Gaps in the Nation's Emergency Management Capabilities
GAO-20-297: Published: May. 4, 2020 Publicly Released: May. 4, 2020

Priority Open Recommendations:
Office of Management and Budget
GAO-20-542PR: Published: Apr. 27, 2020 Publicly Released: May. 4, 2020

Priority Open Recommendations:
Office of Personnel Management
GAO-20-543PR: Published: Apr. 27, 2020 Publicly Released: May. 4, 2020

U.S.-Saudi Nuclear Cooperation:
Progress Is Stalled over Nonproliferation Conditions and Agency Management of Negotiations Is Unclear
GAO-20-343: Published: Apr. 3, 2020 Publicly Released: May. 4, 2020

GASB

GASB Postpones Effective Dates of Upcoming Pronouncements [05/08/20]
Media Advisory
Statement No. 95

IASB

07 May 2020
May IASB meeting papers and agenda now available

07 May 2020
Supplementary IASB meeting agenda now available

06 May 2020
April 2020 IFRIC Update available

Act by Wednesday for chance to get quicker Economic Impact Payment; timeline for payments continues to accelerate
IR-2020-92, May 8, 2020 — With a variety of steps underway to speed Economic Impact Payments, the Treasury Department and the Internal Revenue Service urged people to use Get My Payment by noon Wednesday, May 13, for a chance to get a quicker delivery.

Treasury, IRS release latest state-by-state Economic Impact Payment figures
IR-2020-91, May 8, 2020 — The Treasury Department and the Internal Revenue Service today released updated state-by-state figures for Economic Impact Payments, with approximately 130 million individuals receiving payments worth more than $200 billion in the program’s first four weeks.

IRS provides guidance for estates and trusts for itemizing deductions
IR-2020-90, May 7, 2020 — The Internal Revenue Service today issued proposed regulations that provide guidance for estates and trusts clarifying that certain deductions of estates and non-grantor trusts are not miscellaneous itemized deductions.

IR-2020-89, May 7, 2020 — The Internal Revenue Service today reminds employers affected by COVID-19 about three important new credits available to them.

IRS seeking applications for TCE and VITA grants
IR-2020-88, May 6, 2020 — The IRS is accepting applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grant programs, which will allow some organizations to apply for annual funding for up to three years.

IRS retools Settlement Days program in response to COVID-19 pandemic; allows unrepresented taxpayers to settle their cases virtually and reach finality
IR-2020-87, May 5, 2020 — The Internal Revenue Service Office of Chief Counsel today announced the Settlement Days program will continue remotely enabling unrepresented taxpayers to work towards resolving their pending United States Tax Court case despite "stay-at-home" orders in many jurisdictions.

NYS

Take Advantage of Free Filing Software Online and Maintain Social Distancing
May 07, 2020​

SEC

SEC Investor Advisory Committee to Meet Virtually on May 21
2020-105, May 7, 2020 —The Securities and Exchange Commission's Investor Advisory Committee will hold a public meeting on May 21, 2020 by remote means.  The meeting will begin at 10 a.m. ET, is open to the public via live webcast, and will be archived on the committee's website for later viewing.

SEC Charges Bloomberg Tradebook for Order Routing Misrepresentations
2020-104, May 6, 2020 — The Securities and Exchange Commission today filed settled charges against registered broker-dealer Bloomberg Tradebook LLC for making material misrepresentations and omitting material facts about how the firm handled certain customer trade orders.

SEC Directs Equity Exchanges and Financial Industry Regulatory Authority to Improve Governance of Market Data Plans
2020-103, May 6, 2020 —The Securities and Exchange Commission today issued an order directing the equity exchanges and the Financial Industry Regulatory Authority (FINRA) (the participants) to submit a new National Market System plan (NMS plan) with a modernized governance structure for the production of public consolidated equity market data and the dissemination of trade and quote data from trading venues.

SEC Provides Temporary, Conditional Relief to Allow Small Businesses to Pursue Expedited Crowdfunding Offerings
2020-101, May 4, 2020 —The Securities and Exchange Commission today announced that it is providing temporary, conditional relief for established smaller companies affected by COVID-19 that may look to meet their urgent funding needs through a Regulation Crowdfunding offering. Today's actions, which follow suggestions made by members of the SEC's Small Business Capital Formation Advisory Committee, will expedite the offering process for eligible companies by providing relief from certain rules with respect to the timing of a company's offering and the financial statements required.  To take advantage of the temporary rules, a company must meet enhanced eligibility requirements and provide clear, prominent disclosure to investors about its reliance on the relief. The relief will apply to offerings launched between the effective date of the temporary rules and Aug. 31, 2020.