Regulatory Roundup - Jan. 22-27
AICPA
Press Release
Americans’ Financial Satisfaction Moved from Record Lows to All-Time Highs Over the Last Decade: AICPA Index
How Americans’ record-high financial satisfaction today compares to a decade ago when many were still reeling from the recession.
January 23, 2020
CBO
Presentation
The Cost of Federal Student Loan and Repayment Programs
January 24, 2020
Presentation by Justin Humphrey, an analyst in CBO’s Budget Analysis Division, to the Postsecondary National Policy Institute.
Cost Estimate
H.R. 1708, Rim of the Valley Corridor Preservation Act
January 23, 2020
As ordered reported by the House Committee on Natural Resources on November 20, 2019
Cost Estimate
H.R. 5338, Global Hope Act of 2019
January 23, 2020
As ordered reported by the House Committee on Foreign Affairs on December 18, 2019
Graphic
How CBO and JCT Analyze Major Proposals That Would Affect Health Insurance Choices
January 23, 2020
This infographic outlines the process when CBO and the staff of the Joint Committee on Taxation (JCT) are tasked with analyzing major legislative proposals that would affect health insurance choices for people under age 65. Together, CBO and JCT develop a cost estimate that reflects the middle of the distribution of potential outcomes.
Report
How Dependents Affect Federal Income Taxes
January 23, 2020
CBO examines the tax benefit of having dependents under current law in 2019 and 2026 and analyzes how three policy options that would simplify dependent-related tax provisions would affect that benefit.
Cost Estimate
S. 2353, PFAS Act of 2019
January 23, 2020
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on November 6, 2019
Cost Estimate
S. 774, Rim of the Valley Corridor Preservation Act
January 23, 2020
As reported by the Senate Committee on Energy and Natural Resources on December 18, 2019
Cost Estimate
H.R. 2444, Eastern European Security Act
January 22, 2020
As ordered reported by the House Committee on Foreign Affairs on December 18, 2019
Cost Estimate
H.R. 2575, AI in Government Act of 2019
January 22, 2020
As ordered reported by the House Committee on Oversight and Government Reform on December 19, 2019
Cost Estimate
H.R. 4305, Puppies Assisting Wounded Servicemembers for Veterans Therapy Act
January 22, 2020
As introduced in the House of Representatives on September 12, 2019
Cost Estimate
H.R. 4331, Tibetan Policy and Support Act of 2019
January 22, 2020
As ordered reported by the House Committee on Foreign Affairs on December 18, 2019
Cost Estimate
H.R. 5130, Capturing All Small Businesses Act of 2019
January 22, 2020
As passed by the House of Representatives on January 8, 2020
Cost Estimate
S. 2927, NIMHD Research Endowment Revitalization Act of 2019
January 22, 2020
As reported by the Senate Committee on Health, Education, Labor, and Pensions on December 17, 2019
Cost Estimate
H.R. 4229, Broadband DATA Act
As passed by the House of Representatives on December 16, 2019
Report
Public-Private Partnerships for Transportation and Water Infrastructure
CBO assesses whether public-private partnerships have resulted in projects being built more quickly or at a lower cost for taxpayers. CBO also examines whether partnerships that include private financing sped up project financing.
Cost Estimate
S. 1081, Land and Water Conservation Fund Permanent Funding Act
As ordered reported by the Senate Committee on Energy and Natural Resources on November 19, 2019
Cost Estimate
S. 2556, PROTECT Act of 2019
As reported by the Senate Committee on Energy and Natural Resources on January 7, 2020
Cost Estimate
S. 2730, Drone Advisory Committee for the 21st Century Act
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on December 11, 2019
FAF
Financial Accounting Foundation Announces Search for New Member of Governmental Accounting Standards Board [01/23/20]
News Release
GAO
Public-Safety Broadband Network:
Network Deployment Is Progressing, but FirstNet Could Strengthen Its Oversight
GAO-20-346:Published: Jan 27, 2020. Publicly Released: Jan 27, 2020.
340B Drug Discount Program:
Oversight of the Intersection with the Medicaid Drug Rebate Program Needs Improvement
GAO-20-212:Published: Jan 21, 2020. Publicly Released: Jan 27, 2020.
Opioid Use Disorder:
Barriers to Medicaid Beneficiaries' Access to Treatment Medications
GAO-20-233:Published: Jan 24, 2020. Publicly Released: Jan 24, 2020.
Supplemental Material for GAO-20-208:
SEC Personnel Survey Results
GAO-20-304SP:Published: Jan 24, 2020. Publicly Released: Jan 24, 2020.
Military Construction:
Cost Increase Reports Submitted in Fiscal Years 2018 and 2019
GAO-20-261R:Published: Jan 23, 2020. Publicly Released: Jan 23, 2020.
VA Health Care:
Efforts to Prioritize and Translate Research into Clinical Practice
GAO-20-211:Published: Jan 23, 2020. Publicly Released: Jan 23, 2020.
VA Health Care:
Improved Communication about Available Data Needed to Enhance the HIV Screening Process
GAO-20-186:Published: Jan 23, 2020. Publicly Released: Jan 23, 2020.
Federal Trust Funds and Other Dedicated Funds:
Fiscal Sustainability Is a Growing Concern for Some Key Funds
GAO-20-156:Published: Jan 16, 2020. Publicly Released: Jan 23, 2020.
Alternative Drinking Water Systems:
Use by Very Small Communities, Related Cost Savings, and Technical Assistance Provided by EPA and USDA
GAO-20-217R:Published: Jan 22, 2020. Publicly Released: Jan 22, 2020.
U.S. Secret Service:
Investigative Operations Confer Benefits, but Additional Actions Are Needed to Prioritize Resources
GAO-20-239:Published: Jan 22, 2020. Publicly Released: Jan 22, 2020.
Department of Defense:
Actions Needed to Reduce Accounting Adjustments
GAO-20-96:Published: Jan 10, 2020. Publicly Released: Jan 22, 2020.
Federal Property:
GSA Guidance Needed to Help Agencies Identify Unneeded Property in Warehouses
GAO-20-228:Published: Dec 20, 2019. Publicly Released: Jan 22, 2020.Artificial
Intelligence in Health Care:
Benefits and Challenges of Machine Learning in Drug Development
GAO-20-215SP: Published: Dec. 20, 2019 Publicly Released: Jan. 21, 2020
Financial Accounting Foundation Announces Search for New Member of Governmental Accounting Standards Board [01/23/20]
News Release
IASB
24 January 2020
January 2020 IFRS Interpretations Committee Update available
23 January 2020
January 2020 IFRS for SMEs Update published
IASB clarifies requirements for classifying liabilities as current or non-current
IRS
Global tax chiefs undertake unprecedented multi-country day of action to tackle international tax evasion
IR-2020-18, January 23, 2020 — A globally coordinated day of action to put a stop to the suspected facilitation of offshore tax evasion has been undertaken this week across the United Kingdom (UK), United States (US), Canada, Australia and the Netherlands.
IRS: Don’t be victim to "ghost" tax return preparers
IR-2020-17, January 22, 2020 — With the start of the 2020 tax filing season near, the Internal Revenue Service is reminding taxpayers to avoid unethical “ghost” tax return preparers.
NYC Dept. of Finance
January 24, 2020
Department of Finance Launches Monthly Property Tax Payment Tool
NYS Dept. of Taxation and Finance
Governor Cuomo Announces Proposal to Deny School Tax Relief Program Benefits to Delinquent Property Owners in FY 2021 Budget
January 23, 2020
SEC
SEC Publishes Annual Reports on Credit Rating Agencies
2020-19, Jan. 24, 2020 —Two annual SEC staff reports released today highlight the important work of the Office of Credit Ratings in examining and monitoring nationally recognized statistical rating organizations (NRSROs). The reports indicate that the NRSROs made certain improvements in response to the staff's examinations and that both the range of NRSROs issuing commentaries as well as the topics covered by those commentaries has expanded.
SEC Charges Husband and Wife with Nearly $1 Billion Ponzi Scheme
2020-18, Jan. 24, 2020 — The Securities and Exchange Commission today charged a California-based couple with orchestrating a nearly billion-dollar Ponzi scheme involving alternative energy tax credits.
SEC Announces Conference on Municipal Securities Disclosure
2020-17., Jan. 23, 2020 — The Securities and Exchange Commission today announced that it will host a March 10 conference to focus on municipal securities, which are predominantly owned by Main Street investors and help finance important public projects like schools, roads and utilities.
Over $63 Million to Be Returned to Investors in Alleged Real Estate Investment Fraud
2020-16, Jan. 23, 2020 — The Securities and Exchange Commission today announced that it has obtained a court order authorizing the distribution of over $63 million to investors in connection with a previously filed action. This amount represents the full return of funds to those who invested.
SEC Awards Whistleblowers Whose Information Helped Stop Fraud
2020-15, Jan. 22, 2020 — The Securities and Exchange Commission today announced two whistleblower awards in connection with two separate enforcement actions. Both whistleblowers provided significant information that helped the SEC shut down two separate fraudulent schemes preying on retail investors. In the first action, the whistleblower alerted the agency to a fraudulent scheme. The SEC awarded the whistleblower more than $277,000. In the second action, the whistleblower, a harmed investor, provided critical information that enabled the SEC staff to recover assets that were later returned to victims. The SEC awarded the whistleblower $45,000.
SEC Files Charges Against Scheme to Sell Fictitious Interests in Marijuana Company
2020-14, Jan. 21, 2020 —The Securities and Exchange Commission today announced charges against Guy S. Griffithe and Robert W. Russell, and three companies they controlled, for an alleged scheme that defrauded investors who thought they were purchasing interests in a Washington-licensed recreational cannabis company out of approximately $4.85 million.
TIGTA
January 22, 2020
Results of the 2019 Filing Season [PDF]
»Highlights