CBO

Cost Estimate 
H.R. 7081, Ukraine Comprehensive Debt Payment Relief Act of 2022 
April 29, 2022
As ordered reported by the House Committee on Financial Services on March 17, 2022

Cost Estimate 
H.R. 7312, a bill to prohibit the use of Federal funds to support or facilitate the participation of the Russian Federation in the Group of Seven, and for other purposes 
April 29, 2022
As ordered reported by the House Committee on Foreign Affairs on April 5, 2022

Cost Estimate 
H.R. 7338, Russia Cryptocurrency Transparency Act 
April 29, 2022
As ordered reported by the House Committee on Foreign Affairs on April 5, 2022

Cost Estimate 
S. 3591, United States-Ecuador Partnership Act of 2022 
April 29, 2022
As reported by the Senate Committee on Foreign Relations on April 4, 2022

Cost Estimate 
S. 3785, An act to amend title 49, United States Code, to eliminate the restriction on veterans concurrently serving in the Offices of Administrator and Deputy Administrator of the Federal Aviation Administration 
April 29, 2022
As Passed by the Senate on April 7, 2022

Cost Estimate 
S. 451, Composite Standards Act of 2021 
April 29, 2022
As reported by the Senate Committee on Commerce, Science, and Transportation on December 17, 2022

Cost Estimate 
S. 594, Anti-Spoofing Penalties Modernization Act of 2021 
April 29, 2022
As reported by the Senate Committee on Commerce, Science, and Transportation on December 17, 2021

Cost Estimate 
H.R. 1638, Gilt Edge Mine Conveyance Act 
April 28, 2022
As ordered reported by the House Committee on Natural Resources on April 6, 2022

Cost Estimate 
H.R. 2026, Global Amphibian Protection Act of 2021 
April 28, 2022
As ordered reported by the House Committee on Natural Resources on November 17, 2021

Cost Estimate 
H.R. 2551, Bonneville Shoreline Trail Advancement Act 
April 28, 2022
As ordered reported by the House Committee on Natural Resources on January 19, 2022

Cost Estimate 
H.R. 5792, State and Local Digital Service Act 
April 28, 2022
As ordered reported by the House Committee on Oversight and Reform on December 2, 2021

Cost Estimate 
H.R. 5962, Supply Chain Security Training Act of 2021 
April 28, 2022
As ordered reported by the House Committee on Oversight and Reform on February 2, 2022

Cost Estimate 
S. 3273, Agua Caliente Land Exchange Fee to Trust Confirmation Act 
April 28, 2022
As ordered reported by the Senate Committee on Indian Affairs on April 6, 2022

Report 
The Economic Effects of Waiting to Stabilize Federal Debt 
April 28, 2022
CBO analyzes the economic effects of waiting to stabilize federal debt. The longer action is delayed, the larger the policy changes needed to stabilize debt. The timing and type of policy would determine its effects on different age and income groups.

Presentation 
A Discussion of Recent Research on Health Care Prices: Prescription Drugs, Hospitals’ Services, and Physicians’ Services 
April 27, 2022
Presentation by Michael Cohen, an analyst in CBO’s Health Analysis Division, and Tamara Hayford, Chief of CBO’s Health Policy Studies Unit, at the Congressional Research Service.

Blog Post 
CBO’s Panel of Economic Advisers, 2022 
April 27, 2022
CBO announces the current members of its Panel of Economic Advisers.

Cost Estimate 
H.R. 1437, PRECIP Act 
April 27, 2022
As ordered reported by the House Committee on Science, Space, and Technology on November 16, 2021

Cost Estimate 
H.R. 2428, Strengthening Oversight for Veterans Act of 2021 
April 27, 2022
As ordered reported by the House Committee on Veterans’ Affairs on April 6, 2022

Cost Estimate 
H.R. 2988, Whistleblower Protection Improvement Act of 2021 
April 27, 2022
As ordered reported by the House Committee on Oversight and Reform on June 29, 2021

Cost Estimate 
H.R. 4349, Department of Homeland Security Office for Civil Rights and Civil Liberties Authorization Act 
April 27, 2022
As ordered reported by the House Committee on Homeland Security on October 26, 2021

Cost Estimate 
H.R. 4677, New York-New Jersey Watershed Protection Act 
April 27, 2022
As ordered reported by the House Committee on Natural Resources on February 16, 2022

Cost Estimate 
H.R. 5428, School Shooting Safety and Preparedness Act 
April 27, 2022
As ordered reported by the House Committee on Education and Labor on March 16, 2022

Cost Estimate 
H.R. 5796, Patents for Humanity Act of 2021 
April 27, 2022
As ordered reported by the House Committee on the Judiciary on December 8, 2021

Cost Estimate 
H.R. 6824, President’s Cup Cybersecurity Competition Act 
April 27, 2022
As ordered reported by the House Committee on Homeland Security on March 2, 2022

Cost Estimate 
H.R. 6868, Cybersecurity Grants for Schools Act of 2022 
April 27, 2022
As ordered reported by the House Committee on Homeland Security on March 2, 2022

Cost Estimate 
S. 3309, Securing Semiconductor Supply Chains Act of 2021 
April 27, 2022
As reported by the Senate Committee on Commerce, Science, and Transportation on December 17, 2021

Cost Estimate 
S. 521, Multinational Species Conservation Funds Semipostal Stamp Reauthorization Act of 2021 
April 27, 2022
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on February 2, 2022

Cost Estimate 
S. 609, Ruby Mountains Protection Act 
April 27, 2022
As reported by the Senate Committee on Energy and Natural Resources on February 10, 2022

Cost Estimate 
H.R. 1975, Pala Band of Mission Indians Land Transfer Act of 2021 
April 26, 2022
As ordered reported by the Senate Committee on Indian Affairs on April 6, 2022

Cost Estimate 
H.R. 2994, Accountability for Acting Officials Act 
April 26, 2022
As ordered reported by the House Committee on Oversight and Reform on July 20, 2021

Cost Estimate 
H.R. 350, Domestic Terrorism Prevention Act of 2022 
April 26, 2022
As reported by the House Committee on the Judiciary on April 21, 2022

Cost Estimate 
H.R. 4688, Federal Agency Customer Experience Act 
April 26, 2022 As ordered reported by the House Committee on Oversight and Reform on December 2, 2021

Cost Estimate 
H.R. 4881, Old Pascua Community Land Acquisition Act 
April 26, 2022
As ordered reported by the Senate Committee on Indian Affairs on April 6, 2022

Cost Estimate 
H.R. 6052, Department of Veterans Affairs Office of Inspector General Training Act of 2021 
April 26, 2022
As ordered reported by the House Committee on Veterans’ Affairs on April 6, 2022

Cost Estimate 
H.R. 6199, Ste. Genevieve National Historical Park Boundary Revision Act 
April 26, 2022
As ordered reported by the House Committee on Natural Resources on February 16, 2022

Cost Estimate 
H.R. 6419, Fair Chance Improvement Act 
April 26, 2022
As ordered reported by the House Committee on Oversight and Reform on February 2, 2022

Presentation 
How CBO Estimates the Market Risk of Federal Credit Programs 
April 26, 2022
Presentation by Michael Falkenheim and Wendy Kiska, analysts in CBO’s Financial Analysis Division, to the Federal Credit Policy Council.

Cost Estimate 
S. 2793, SMART Leasing Act 
April 26, 2022
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on November 3, 2021

Cost Estimate 
S. 3522, Ukraine Democracy Defense Lend-Lease Act of 2022 
April 26, 2022
As passed by the Senate on April 6, 2022

Cost Estimate 
S. 3666, Accountability for Cryptocurrency in El Salvador Act 
April 26, 2022
As reported by the Senate Committee on Foreign Relations on April 4, 2022

FASB

FASB Names New Member to Its Investor Advisory Committee
April 28, 2022

GAO 

Capitol Attack 
Federal Agencies' Use of Open Source Data and Related Threat Products Prior to January 6, 2021 
GAO-22-105963 
Published: May 02, 2022. 
Publicly Released: May 02, 2022. 
What GAO Found Federal agencies obtained and shared social media posts and other publicly available information—referred to in this report as “open source data”—on potential criminal activity prior to January 6, 2021. 

Scientific Integrity 
HHS Agencies Need to Develop Procedures and Train Staff on Reporting and Addressing Political Interference 
GAO-22-105885 
Published: Apr 29, 2022. 
Publicly Released: Apr 29, 2022. 
What GAO Found In its April 2022 report, GAO found that the four selected agencies it reviewed did not have procedures describing how political interference in scientific decision-making should be reported and addressed. 

Suicide Prevention 
DOD Should Enhance Oversight, Staffing, Guidance, and Training Affecting Certain Remote Installations 
GAO-22-105108 
Published: Apr 28, 2022. 
Publicly Released: Apr 28, 2022. 
What GAO Found The Department of Defense (DOD) and the military services have collected statutorily required suicide data for servicemembers and dependents, including those assigned to remote installations outside the contiguous United States (OCONUS). 

Civil Monetary Penalties 
Federal Agencies' Compliance with the 2021 Annual Inflation Adjustment Requirements 
GAO-22-105596 
Published: Apr 28, 2022. 
Publicly Released: Apr 28, 2022. 
What GAO Found In this sixth annual review, GAO found that the majority of federal agencies that could be subject to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended (IAA), have published 2021 civil monetary penalty inflation adjustments in the Federal Register and reported related... 

F-35 Sustainment 
DOD Faces Several Uncertainties and Has Not Met Key Objectives 
GAO-22-105995 
Published: Apr 28, 2022. 
Publicly Released: Apr 28, 2022. 
What GAO Found The F-35 continues to not meet its targets for mission capable rates—a measure of the readiness of an aircraft fleet—or its reliability and maintainability metrics. 

IRS Free File Program 
IRS Should Develop Additional Options for Taxpayers to File for Free 
GAO-22-105236 
Published: Apr 28, 2022. 
Publicly Released: Apr 28, 2022. 
What GAO Found Taxpayers whose incomes are below a certain threshold can use the Free File program provided by IRS and Free File, Inc. (FFI), a consortium of tax preparation companies, to electronically prepare and file their federal tax returns for free. 

COVID-19 
Current and Future Federal Preparedness Requires Fixes to Improve Health Data and Address Improper Payments 
GAO-22-105397 
Published: Apr 27, 2022. 
Publicly Released: Apr 27, 2022. 
What GAO Found By late March 2022, daily COVID-19 cases in the U.S. had fallen substantially since the Omicron-related peak in January 2022. Though COVID-19-associated hospitalizations and deaths have also decreased, the effects of the Omicron variant—and the rising prevalence of its new BA. 

Military Personnel 
Actions Needed to Improve Workforce Data for Technicians Supporting Mission Readiness 
GAO-22-104484 
Published: Apr 27, 2022. 
Publicly Released: Apr 27, 2022. 
What GAO Found The Army and Air Force Reserve Components–which consist of the Army and Air National Guard and Reserve–use nonpermanent military technicians to fill vacancies created when permanent military technicians deploy or are fulfilling military training requirements or completing education... 

F-35 Joint Strike Fighter 
Cost Growth and Schedule Delays Continue 
GAO-22-105943 
Published: Apr 27, 2022. 
Publicly Released: Apr 27, 2022. 
What GAO Found The Department of Defense (DOD) has not yet authorized the F-35 program to begin full-rate production, which is now more than 10 years later than originally planned. 

Traffic Safety 
Implementing Leading Practices Could Improve Management of Mandated Rulemakings and Reports 
GAO-22-104635 
Published: Apr 26, 2022. 
Publicly Released: Apr 26, 2022. 
What GAO Found The National Highway Traffic Safety Administration (NHTSA) was mandated to complete numerous rulemakings and reports to address safety and related issues by both the 2012 Moving Ahead for Progress in the 21st Century Act (MAP-21) and the 2015 Fixing America's Surface Transportation Act... 

Memorandum 
Professional Standards Update No. 84 
Published: Apr 26, 2022. 
Publicly Released: Apr 26, 2022. 
To alert the audit community to changes in professional standards, we periodically issue Professional Standards Updates (PSU). These updates highlight the effective dates and issuance of recent standards and guidance related to engagements conducted in accordance with Government Auditing Standards.

IASB 

Webinars on the ISSB's exposure drafts—recordings now available 
Webinar
29 Apr 2022

Addendum to March 2022 IFRIC Update now available 
Update 
29 Apr 2022     

April 2022 IASB Update available and work plan updated 
Update     
29 Apr 2022 

ISSB establishes working group to enhance compatibility between global baseline and jurisdictional initiatives 
Announcement
27 Apr 2022 

Pension Benefits that Depend on Asset Returns Project Summary now available 
Project summary
26 Apr 2022 

IRS 

IRS recognizes Small Business Week: Information and free resources for starting a business 
IR-2022-98, May 2, 2022 — During National Small Business Week, May 1 to 7, the IRS is highlighting tax benefits and resources tied to the Small Business Administration theme for this year’s celebration: “Building a Better America through Entrepreneurship.” 

IRS accepting applications for VITA and TCE Grants in May 
IR-2022-97, April 29, 2022 — The Internal Revenue Service 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 revises Tax Year 2021/Filing Season 2022 frequently asked questions for the Child Tax Credit 
IR-2022-96, April 27, 2022 — The IRS today issued a revised set of frequently asked questions for tax year 2021 and filing season 2022 for the Child Tax Credit. 

IRS selects new leadership for Small Business and Self-Employed Division 
IR-2022-95, April 27, 2022 — The Internal Revenue Service today announced that experienced agency executive Lia Colbert has been named the new commissioner of the Small Business Self-Employed Division (SB/SE), which oversees the agency's collection activities and the examinations of most businesses in the United States.

NYS 

DFS Superintendent Adrienne A. Harris Issues New Guidance to Prevent and Manage Suspicious Activities in the Virtual Currency Industry 
2022-04-28   

SEC 

SEC Charges CEO and President of Synergy Settlement Services with Fraudulent Operation of Special Needs Pooled Trusts       
2022-76, May 2, 2022 —The Securities and Exchange Commission today announced fraud charges against Synergy Settlement Services, Inc., CEO Jason D. Lazarus, Esq., both based in Orlando, FL, and President Anthony F. Prieto, Jr. of Tampa, FL, for allegedly defrauding individuals with disabilities into believing that the individuals were placing their funds in a pooled trust managed by a non-profit association. According to the SEC’s charges, the defendants instead used a non-profit trustee as a shell company to profit from disabled personal injury victims. 

SEC Commemorates Financial Capability Month with Robust Slate of Investor Education Events and Resources
2022-75, April 29, 2022 —The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) commemorated National Financial Capability Month by hosting a slate of outreach and education events for investors. In addition to the events, Chair Gary Gensler released a video message to mark April as Financial Capability Month. 

Small Business Advisory Committee to Host Virtual Meeting to Discuss Proposed Rules on Climate Disclosures and SPACs       
2022-74, April 29, 2022 — The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its virtual meeting on Friday, May 6, which will examine the Commission’s proposed rules on climate-related disclosures and Special Purpose Acquisition Companies (SPACs). 

Medley Management and Former Co-CEOs to Pay $10 Million Penalty for Misleading Investors and Clients 
2022-73, April 28, 2022 —The Securities and Exchange Commission today charged publicly-traded asset manager Medley Management and its former co-CEOs, Brook B. Taube and Seth B. Taube, with making misrepresentations to investors and clients that created the illusion of Medley’s likely future growth. The respondents have agreed to settle the SEC’s charges and will collectively pay $10 million in civil penalties. 

SEC Charges Brazilian Mining Company with Misleading Investors about Safety Prior to Deadly Dam Collapse           
2022-72, April 28, 2022 —The Securities and Exchange Commission today charged Vale S.A., a publicly traded Brazilian mining company and one of the world’s largest iron ore producers, with making false and misleading claims about the safety of its dams prior to the January 2019 collapse of its Brumadinho dam. The collapse killed 270 people, caused immeasurable environmental and social harm, and led to a loss of more than $4 billion in Vale’s market capitalization.  

Inspector General Carl W. Hoecker to Retire from SEC     
2022-71, April 27, 2022 — The Securities and Exchange Commission today announced that Inspector General Carl W. Hoecker will retire from the agency as of May 7, 2022. He has led the Office of Inspector General (OIG) since Feb. 11, 2013. Rebecca Sharek, Deputy Inspector General for Audits, Evaluations, and Special Projects, will serve as Acting Inspector General. 

SEC Charges Archegos and its Founder with Massive Market Manipulation Scheme 
2022-70, April 27, 2022 — The Securities and Exchange Commission today charged Sung Kook (Bill) Hwang, the owner of family office Archegos Capital Management, LP (Archegos), with orchestrating a fraudulent scheme that resulted in billions of dollars in losses. The SEC also charged Archegos’s Chief Financial Officer, Patrick Halligan; head trader, William Tomita; and Chief Risk Officer, Scott Becker for their roles in the fraudulent scheme. 

SEC Announces Older Investor Roundtable Event to Be Held April 28             
2022-69, April 25, 2022 — The Securities and Exchange Commission will hold a virtual event on April 28 along with the North American Securities Administrators Association (NASAA) and the AARP to examine the latest challenges and issues affecting the senior investor community. The Older Investor Roundtable will include panel discussions geared toward older investors, consumer advocates, and financial professionals nationwide as topics will include common frauds perpetrated against older investors, risks associated with digital assets and blockchain technology, and older client servicing and related issues.