Regulatory Roundup | The Trusted Professional | Trusted Professional

Regulatory Roundup: November 21-27

AICPA

AICPA & CIMA and Bialystok University of Technology launch joint program to empower students for career success
Nov 17, 2023

CBO

Working Paper
Conditional Forecasting With a Bayesian Vector Autoregression: Working Paper 2023-08
November 27, 2023
This paper describes how CBO uses a Bayesian vector autoregression method to generate alternative economic projections to the agency’s baseline.

Cost Estimate
H.R. 1727, Chesapeake and Ohio Canal National Historical Park Commission Extension Act
November 21, 2023
As ordered reported by the House Committee on Natural Resources on November 15, 2023

Cost Estimate
H.R. 3049, Utah School and Institutional Trust Lands Administration Exchange Act of 2023
November 21, 2023
As ordered reported by the House Committee on Natural Resources on July 26, 2023

Cost Estimate
H.R. 3315, National Guard and Reservists Debt Relief Extension Act of 2023
November 21, 2023
As ordered reported by the House Committee on the Judiciary on November 2, 2023

Cost Estimate
H.R. 4403, Securing the Cities Improvement Act
November 21, 2023
As ordered reported by the House Committee on Homeland Security on November 8, 2023

Cost Estimate
H.R. 5409, Safeguarding American Farms from Foreign Influence Act
November 21, 2023
As ordered reported by the House Committee on Financial Services on September 20, 2023

Cost Estimate
H.R. 5426, a bill to require the Administrator of the Small Business Administration to provide a link to resources for submitting reports on suspected fraud relating to certain COVID-19 loans
November 21, 2023
As reported by the House Committee on Small Business on September 26, 2023

Cost Estimate
H.R. 5427, a bill to prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes
November 21, 2023
As reported by the House Committee on Small Business on September 26, 2023

Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of November 27, 2023
November 21, 2023
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. 1414, National Weather Service Communications Improvement Act
November 21, 2023
As ordered reported by the House Committee on Commerce, Science, and Transportation on May 10, 2023

Cost Estimate
H.R. 2553, No More Political Prosecutions Act of 2023
November 20, 2023
As ordered reported by the House Committee on the Judiciary on September 28, 2023

Cost Estimate
H.R. 4051, SHARKED Act
November 20, 2023
As ordered reported by the House Committee on Natural Resources on September 20, 2023

Cost Estimate
H.R. 5404, Countering Chinese Espionage Reporting Act of 2023
November 20, 2023
As ordered reported by the House Committee on the Judiciary on November 2, 2023

Cost Estimate
H.R. 5921, No U.S. Financing for Iran Act of 2023
November 20, 2023
As ordered reported by the House Committee on Financial Services on November 14, 2023

Cost Estimate
H.R. 6068, Clergy Act
November 20, 2023
As ordered reported by the House Committee on Ways on Means on November 2, 2023

Cost Estimate
H.R. 6174, DHS Biodetection Improvement Act
November 20, 2023
As ordered reported by the House Committee on Homeland Security on November 8, 2023

Cost Estimate
H.R. 6322, End Financing for Hamas and State Sponsors of Terrorism Act
November 20, 2023
As ordered reported by the House Committee on Financial Services on November 14, 2023

Cost Estimate
H.R. 6367, Armed Conflict Migration Act of 2023
November 20, 2023
As ordered reported by the House Committee on Financial Services on November 14, 2023

Cost Estimate
S. 924, Chesapeake and Ohio Canal National Historical Park Commission Extension Act
November 20, 2023
As ordered reported by the Senate Committee on Energy and Natural Resources on September 21, 2023

FASB

FASB Issues New Segment Reporting Guidance
November 27, 2023

GAO

Federal Workforce:
Data Reveal Minor Demographic Changes 2011-2021

GAO-24-105924
Published: Publicly Released: The federal government aims to hire and promote a workforce that reflects the diversity of the U.S. population. We looked at a decade of federal employment trends. For example, from 2011-2021 there were minor changes in the representation of historically disadvantaged racial groups—like Black or African American and Asians—in the federal workforce. But several of these groups made gains in senior executive service positions. The...

IASB

October 2023 Emerging Economies Group meeting summary now available
Meetings
27 November 2023

October 2023 Capital Markets Advisory Committee meeting summary now available
Meetings
27 November 2023

IASB to publish Exposure Draft Financial Instruments with Characteristics of Equity
Forthcoming publication
27 November 2023

Join the staff—Digital Communications Assistant
Careers
24 November 2023

New webcast: Overview of forthcoming IFRS Accounting Standard for subsidiaries
Webcast
23 November 2023

Key highlights and recordings from the 2023 IASB Research Forum
Research
22 November 2023

November 2023 Consultative Group for Rate Regulation agenda and meeting paper now available
Meeting
22 November 2023

IFRS Interpretations Committee: Watch our new explainer video and read the November meeting papers
Video
21 November 2023

November 2023 IASB podcast now available
Podcast
21 November 2023

IRS

IRS, Security Summit partners launch 2023 National Tax Security Awareness Week focusing on holiday scams, protecting personal information as tax season nears
IR-2023-223, Nov. 27, 2023 — On Cyber Monday, the Internal Revenue Service, state tax agencies and the nation’s tax industry – working together as the Security Summit – kicked-off the 8th National Tax Security Awareness Week with tips for taxpayers and tax professionals to avoid scams and protect sensitive personal information.

Saver’s Credit can help low- and moderate-income taxpayers to save more in 2024
IR-2023-222, Nov. 22, 2023 — The Internal Revenue Service reminds low- and moderate-income taxpayers that they can save for retirement now and possibly earn a special tax credit in 2024 and years ahead.

IRS announces delay in Form 1099-K reporting threshold for third party platform payments in 2023; plans for a threshold of $5,000 for 2024 to phase in implementation
IR-2023-221, Nov. 21, 2023 — Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service today released Notice 2023-74 announcing a delay of the new $600 Form 1099-K reporting threshold for third party settlement organizations for calendar year 2023.

NYS

Governor Hochul Encourages New Yorkers to Shop Locally on Small Business Saturday
November 22, 2023

PCAOB

PCAOB Approves 2024 Budget Guided by Investor Protection
Nov. 16, 2023

SEC

SEC Small Business Advisory Committee to Discuss the Accredited Investor Definition and the Role of Diversity in the Investment Process
2023-239
Washington D.C., Nov. 22, 2023 — The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Wednesday, Nov. 29, which will include a discussion of the accredited investor definition and diversity and the investment process. Members of the public can watch the live meeting via webcast on www.sec.gov.

SEC Charges New York Businessman with Fraud and Unregistered Sales of Securities to Investors Seeking Permanent Residency in the U.S.
2023-238
Washington D.C., Nov. 21, 2023 — The Securities and Exchange Commission today charged Nadim Ahmed, a New York-based businessman and his companies, NuRide Transportation Group, LLC and NYC Green Transportation Group, LLC, with making fraudulent misrepresentations in securities offerings to investors seeking permanent residency through the EB-5 Immigrant Investor Program. The SEC also charged Ahmed along with Mehreen Shah a/k/a Mona Shah, a New York-based immigration attorney, and her law firm with offering unregistered securities to investors in offerings that raised more than $66 million from more than 100 investors.

SEC Charges Kraken for Operating as an Unregistered Securities Exchange, Broker, Dealer, and Clearing Agency
2023-237
Washington D.C., Nov. 20, 2023 — The Securities and Exchange Commission today charged Payward Inc. and Payward Ventures Inc., together known as Kraken, with operating Kraken’s crypto trading platform as an unregistered securities exchange, broker, dealer, and clearing agency.