CBO 

Report 
Estimates of the Cost of Federal Credit Programs in 2023 
June 24, 2022
CBO estimates the costs of federal credit programs in 2023 in two ways—following procedures prescribed by the Federal Credit Reform Act (FCRA) and using a fair-value approach, which measures the market value of the government’s obligations.

Cost Estimate 
H.R. 5781, National Wildland Fire Risk Reduction Program Act 
June 24, 2022
As ordered reported by the House Committee on Science, Space, and Technology on November 16, 2021

Cost Estimate 
S. 3662, Preventing PFAS Runoff at Airports Act 
June 24, 2022
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on March 22, 2022

Blog Post 
Update on the Timing of CBO’s Analysis of the President’s Budget and Long-Term Projections 
June 24, 2022
CBO will publish An Analysis of the Discretionary Spending Proposals in the President’s 2023 Budget on July 1. On July 27, CBO will publish The 2022 Long-Term Budget Outlook.

Cost Estimate 
Estimated Budgetary Effects of the House Amendment to S. 2089, the Keep Kids Fed Act of 2022 
June 23, 2022
As posted on June 22, 2022

Cost Estimate 
H.R. 7174, National Computer Forensics Institute Reauthorization Act of 2022 
June 23, 2022
As reported by the House Committee on Homeland Security on June 17, 2022

Cost Estimate 
H.R. 7277, Improving Oversight of Veterans Community Care Providers Act of 2022 
June 23, 2022
As ordered reported by the House Committee on Veterans’ Affairs on April 6, 2022

Cost Estimate 
H.R. 7393, Improving VA Workforce Through Minority-serving Institutions Act of 2022 
June 23, 2022
As ordered reported by the House Committee on Veterans’ Affairs on April 6, 2022

Cost Estimate 
S. 3025, Servicemembers and Veterans Empowerment and Support Act of 2021 
June 23, 2022
As reported by the Senate Committee on Veterans’ Affairs on March 1, 2022

Cost Estimate 
S. 4000, Intragovernmental Cybersecurity Information Sharing Act 
June 23, 2022
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 25, 2022

Cost Estimate 
Estimated Budgetary Effects of S. 2938, Bipartisan Safer Communities Act 
June 22, 2022
As Amended by Senate Amendment Number 5099

Cost Estimate 
H.R. 5093, Wind River Administrative Site Conveyance Act 
June 22, 2022
As ordered reported by the House Committee on Natural Resources on April 6, 2022

Cost Estimate 
H.R. 5460, Virgin Islands Visa Waiver Act of 2022 
June 22, 2022
As ordered reported by the House Committee on the Judiciary on April 6, 2022

Cost Estimate 
H.R. 7180, Brycen Gray and Ben Price COVID-19 Cognitive Research Act 
June 22, 2022
As reported by the House Committee on Science, Space, and Technology on June 15, 2022

Cost Estimate 
S. 1631, Arizona Experiment Station Land Conveyance Act of 2022 
June 22, 2022
As ordered reported by the Senate Committee on Energy and Natural Resources on May 3, 2022

Cost Estimate 
S. 3014, Next Generation Telecommunications Act 
June 22, 2022
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on March 22, 2022

Report 
The Cost of Eight Executive Actions Taken by the Biden Administration 
June 22, 2022
CBO responds to Congressman Jason Smith’s request to provide information about the cost of eight executive actions taken by the Biden Administration and how they are reflected in CBO’s baseline projections.

Cost Estimate 
Estimated Budgetary Effects of S. 4136, the Water Resources Development Act of 2022 
June 21, 2022
As reported by the Senate Committee on Environment and Public Works on May 4, 2022

Cost Estimate 
Estimated Direct Spending and Revenue Effects of H.R. 7666, Restoring Hope for Mental Health and Well-Being Act of 2022 
June 21, 2022
As Amended by Amendment Number 49 (Pallone, McMorris Rodgers)

Cost Estimate 
S. 1687, Small Business Cyber Training Act of 2022 
June 21, 2022
As reported by the Senate Committee on Small Business and Entrepreneurship on May 25, 2022

Cost Estimate 
S. 3564, Veteran Entrepreneurship Training Act of 2022 
June 21, 2022
As reported by the Senate Committee on Small Business and Entrepreneurship on May 25, 2022

FASB 

Emerging Issues Task Force Meeting Recap—June 16, 2022
June 21, 2022

GAO 

Priority Open Recommendations 
Securities and Exchange Commission 
GAO-22-105604 
Published: Jun 17, 2022. 
Publicly Released: Jun 24, 2022. 
What GAO Found In May 2021, GAO identified one priority recommendation for the Securities and Exchange Commission (SEC). Since then, SEC has implemented this recommendation, which relates to performance management for SEC employees. 

COVID-19 
Agencies Increased Use of Some Regulatory Flexibilities and Are Taking Steps to Assess Them 
GAO-22-105047 
Published: Jun 23, 2022. 
Publicly Released: Jun 23, 2022. 
What GAO Found Twenty-three of 24 major agencies GAO surveyed reported implementing regulatory flexibilities in response to COVID-19. Regulatory flexibilities can include actions that modify regulatory standards, as well as activities that modify their applicability (e.g. 

NASA 
Assessments of Major Projects 
GAO-22-105212 
Published: Jun 23, 2022. 
Publicly Released: Jun 23, 2022. 
What GAO Found Continuing a recent trend, NASA's portfolio of major projects experienced significant cost and schedule overruns and more projects were added (see figure). 

Interagency Council on Homelessness 
Written Policies for Implementing Statutory Requirements Are Needed 
GAO-22-105110 
Published: Jun 23, 2022. 
Publicly Released: Jun 23, 2022. 
What GAO Found The United States Interagency Council on Homelessness (USICH), which includes 19 federal agencies and its own full-time staff, coordinates the federal response to homelessness. 

Priority Open Recommendations 
Department of Agriculture 
GAO-22-105601 
Published: Jun 16, 2022. 
Publicly Released: Jun 23, 2022. 
What GAO Found In July 2021, GAO identified 11 priority recommendations for the Department of Agriculture (USDA). 

COVID-19 
Pandemic Lessons Highlight Need for Public Health Situational Awareness Network 
GAO-22-104600 
Published: Jun 23, 2022. 
Publicly Released: Jun 23, 2022. 
What GAO Found Since 2006, multiple federal laws have mandated that the Department of Health and Human Services (HHS) take steps to improve the nation's situational awareness of threats related to public health emergencies, such as the COVID-19 pandemic. 

Fiscal Year 2023 Budget Request 
U.S. Government Accountability Office 
GAO-22-900397 
Published: Jun 22, 2022. 
Publicly Released: Jun 22, 2022. 
GAO Results For over a century, GAO has been committed to providing nonpartisan, professional and objective program and technical expertise to support Congress in overseeing the executive branch; evaluating government programs, operations and spending priorities; and assessing information from outside... 

Alternatives to Detention 
ICE Needs to Better Assess Program Performance and Improve Contract Oversight 
GAO-22-104529 
Published: Jun 22, 2022. 
Publicly Released: Jun 22, 2022. 
What GAO Found U.S. Immigration and Customs Enforcement (ICE) uses the Alternatives to Detention (ATD) program as one way to monitor individuals it releases into the community. 

Cyber Insurance 
Action Needed to Assess Potential Federal Response to Catastrophic Attacks 
GAO-22-104256 
Published: Jun 21, 2022. 
Publicly Released: Jun 21, 2022. 
What GAO Found U.S. critical infrastructure (such as utilities, financial services, and pipelines) faces increasing cybersecurity risks. Understanding these risks and associated vulnerabilities, threats, and impacts is essential to protecting critical infrastructure. 

Fair Lending 
Opportunities Exist to Enhance OCC's Oversight of Banks' Lending Practices 
GAO-22-104717 
Published: Jun 21, 2022. 
Publicly Released: Jun 21, 2022. 
What GAO Found The Office of the Comptroller of the Currency's (OCC) activities to oversee banks' compliance with fair lending laws include the following: assessments of banks' risk of violating fair lending laws in every examination cycle for all of OCC's supervised banks that engage in retail lending...

IASB 

June 2022 IASB Update available and work plan updated 
Update
27 Jun 2022 

IFRS Foundation Trustees appoint Jeffrey Hales and Michael Jantzi to the ISSB, making the board quorate 
 Announcement
24 Jun 2022   

Andreas Barckow delivers IFRS Foundation Conference Keynote Speech
Speech   
24 Jun 2022  

ISSB and GRI provide update on ongoing collaboration 
Announcement
23 Jun 2022 

Erkki Liikanen delivers opening remarks at the IFRS Foundation Conference 2022 
Speech 
23 Jun 2022   

IFRS Foundation and VRF vote to approve consolidation from 1 July 
Announcement   
22 Jun 2022   

June 2022 Due Process Oversight Committee agenda and meeting papers available 
Meeting
22 Jun 2022

IRS 

IRS issues Superfund chemical excise tax rates 
IR-2022-132, June 24, 2022 — The Internal Revenue Service announced today that it has prescribed tax rates for 121 taxable substances that are subject to the Superfund chemical excise tax imposed by section 4671(a) of the Internal Revenue Code (Code). 

IRS issues FAQs on the reinstated Superfund chemical excise tax to assist affected taxpayers 
IR-2022-131, June 24, 2022 — The Internal Revenue Service today issued frequently asked questions (FAQs) regarding the reinstated Superfund chemical excise tax to help those taxpayers who may be impacted and tax professionals. 

IRS: Taxpayers now have more options to correct, amend returns electronically 
IR-2022-130, June 23, 2022 — The Internal Revenue Service announced today that more forms can now be amended electronically. These include people filing corrections to the Form 1040-NR, U.S. Nonresident Alien Income Tax Return and Forms 1040-SS, U.S. Self-Employment Tax Return (Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico) and Forms 1040-PR, Self-Employment Tax Return – Puerto Rico. 

National Taxpayer Advocate issues midyear report to Congress; expresses concern about continued refund delays and poor taxpayer service 
IR-2022-129, June 22, 2022 — National Taxpayer Advocate Erin M. Collins today released her statutorily mandated midyear report to Congress. The report expresses concern about continuing delays in the processing of paper-filed tax returns and the consequent impact on taxpayer refunds. 

IRS continues work on inventory of tax returns; original tax returns filed in 2021 to be completed this week 
IR-2022-128, June 21, 2022 — Following intensive work during the past several months, the Internal Revenue Service announced today that processing on a key group of individual tax returns filed during 2021 will be completed by the end of this week.

NYS 

DFS Superintendent Harris Announces $5 Million Penalty On Cruise Company Carnival Corporation and its Subsidiaries for Significant Cybersecurity Violations 
2022-06-24

PCAOB 

PCAOB Sanctions Engagement Quality Reviewer for Inadequate Reviews and False Documentation Created in Advance of Inspection 
Jun. 22, 2022 

PCAOB Sanctions Robert C. Duncan Accountancy Corp. and Robert C. Duncan for Violating PCAOB Rules and Standards 
Jun. 22, 2022 

PCAOB Adopts New Requirements for Lead Auditor’s Use of Other Auditors 
Jun. 21, 2022

SEC 

SEC Adopts Rules to Require Electronic Filing for Investment Advisers and Institutional Investment Managers     
2022-113., June 23, 2022 — The Securities and Exchange Commission today adopted amendments to require certain documents filed by investment advisers, institutional investment managers, and certain other entities to be filed or submitted electronically. The amendments also make technical amendments to modernize Form 13F and enhance the information provided. The amendments are intended to promote efficiency, transparency, and operational resiliency by modernizing how information is filed or submitted to the Commission and disclosed to the public. Electronic filings will be more readily accessible to the public and available on websites in easily searchable formats.

SEC Announces Spring 2022 Regulatory Agenda       
2022-112, June 22, 2022 — The Office of Information and Regulatory Affairs today released the Spring 2022 Unified Agenda of Regulatory and Deregulatory Actions. The report, which includes contributions related to the Securities and Exchange Commission, lists short- and long-term regulatory actions that administrative agencies plan to take.

TIGTA 

Physical Security Controls at the *******8******** [PDF]
June 23, 2022