Regulatory Roundup - November 1-7
Cost Estimate
H.R. 1756, Measuring Real Income Growth Act of 2021
November 4, 2022
As ordered reported by the House Committee on Oversight and Reform on April 6, 2022
Cost Estimate
H.R. 4258, Improving Digital Identity Act of 2021
November 4, 2022
As ordered reported by the House Committee on Oversight and Reform on July 20, 2022
Cost Estimate
H.R. 5477, Federal Agency Climate PREP Act
November 4, 2022
As ordered reported by the House Committee on Oversight and Reform on December 2, 2021
Cost Estimate
H.R. 5815, Honest Census Communications Act
November 4, 2022
As ordered reported by the House Committee on Oversight and Reform on June 15, 2022
Cost Estimate
H.R. 6066, Strengthening the Office of Personnel Management Act
November 4, 2022
As ordered reported by the House Committee on Oversight and Reform on December 2, 2021
Cost Estimate
H.R. 6104, Building the Next Generation of Federal Employees Act
November 4, 2022
As ordered reported by the House Committee on Oversight and Reform on May 11, 2022
Cost Estimate
H.R. 6497, Federal Information Security Modernization Act of 2022
November 4, 2022
As ordered reported by the House Committee on Oversight and Reform on February 2, 2022
Cost Estimate
H.R. 7376, Honoring Civil Servants Killed in the Line of Duty Act
November 4, 2022
As ordered reported by the House Committee on Oversight and Reform on April 6, 2022
Cost Estimate
H.R. 7951, Telework Metrics and Cost Savings Act
November 4, 2022
As ordered reported by the House Committee on Oversight and Reform on June 15, 2022
Cost Estimate
H.R. 8325, Preventing Personal Conflicts of Interest in Federal Acquisition Act
November 4, 2022
As ordered reported by the House Committee on Oversight and Reform on July 20, 2022
Cost Estimate
H.R. 8466, Chai Suthammanont Healthy Federal Workplaces Act of 2022
November 4, 2022
As passed by the House of Representatives on September 29, 2022
Cost Estimate
S. 3510, Disaster Resiliency Planning Act
November 4, 2022
As ordered reported by the House Committee on Oversight and Reform on September 20, 2022
Blog Post
CBO Congratulates the Australian Parliamentary Budget Office on Its 10th Anniversary
November 3, 2022
CBO congratulates the Australian Parliamentary Budget Office on its 10th anniversary and highlights the role of independent fiscal institutions.
Presentation
Independent Fiscal Institutions in Theory and in Practice
November 3, 2022
Presentation by Mark Hadley, CBO's Chief Operating Officer and General Counsel, to the Australian Parliamentary Budget Office.
Cost Estimate
H.R. 5879, Hubzone Price Evaluation Preference Clarification Act of 2021
November 2, 2022
As passed by the House of Representatives on June 8, 2022
Cost Estimate
H.R. 7670, Women-Owned Small Business Program Transparency Act
November 2, 2022
As passed by the House of Representatives on June 8, 2022
Cost Estimate
H.R. 7694, Strengthening Subcontracting for Small Businesses Act of 2022
November 2, 2022
As passed by the House of Representatives on June 8, 2022
Cost Estimate
H.R. 8844, STEP Improvement Act of 2022
November 2, 2022
As reported by the House Committee on Small Business on October 14, 2022
Cost Estimate
S. 2151, A bill to amend the Omnibus Crime Control and Safe Streets Act of 1968 to provide that COPS grant funds may be used for local law enforcement recruits to attend schools or academies if the recruits agree to serve in precincts of law enforcement a
November 2, 2022
As passed by the U.S. Senate on August 1, 2022
Presentation
CBO’s Role in Assessing Climate Change and Climate Change Policy
November 1, 2022
Presentation by Nicholas Chase, a Unit Chief in CBO’s Microeconomic Studies Division, to the Department of Energy and the United States Energy Association, Workshop on Macroeconomic Effects of a Low-Carbon Transition.
Cost Estimate
H.R. 3825, Ending Platform Monopolies Act
October 31, 2022
As ordered reported by the House Committee on the Judiciary on June 24, 2021
Cost Estimate
S. 3650, PLUM Act of 2022
October 31, 2022
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on March 30, 2022
Cost Estimate
S. 3773, a bill to authorize leases of up to 99 years for land held in trust for the Confederated Tribes of the Chehalis Reservation
October 31, 2022
As ordered reported by the Senate Committee on Indian Affairs on May 18, 2022
Cost Estimate
S. 4109, National R&D Strategy for Distributed Ledger Technology Act of 2022
October 31, 2022
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on May 25, 2022
GAO
Private Health Insurance:
Markets Remained Concentrated through 2020, with Increases in the Individual and Small Group MarketsGAO-23-105672
Published:
Publicly Released: Several companies may be selling health insurance in a given market, but, as we previously reported, most people usually enroll with one of a small number of insurers. Known as market concentration, this can result in higher premiums due to less competition in the market. We found this pattern continued in 2019 and 2020, with the markets for individuals and for small employers generally becoming...
Renewable Fuel Standard:
Actions Needed to Improve Decision-Making in the Small Refinery Exemption Program
GAO-23-105801
Published:
Publicly Released:
Small refineries can apply for an exemption from the Renewable Fuel Standard, which requires the blending of biofuel into gasoline and diesel. The number of exemptions granted through this program has fluctuated significantly from year to year. But the Environmental Protection Agency and the Department of Energy don't have the information, policies, or procedures needed to fully ensure that exemption decisions are valid. EPA also...
Renewable Fuel Standard:
Actions Needed to Improve Decision-Making in the Small Refinery Exemption Program GAO-23-104273
Published:
Publicly Released:
Small refineries can apply for an exemption from the Renewable Fuel Standard, which requires the blending of biofuel into gasoline and diesel. The number of exemptions granted through this program has fluctuated significantly from year to year. But the Environmental Protection Agency and the Department of Energy don't have the information, policies, or procedures needed to fully ensure that exemption decisions are valid. EPA also...
Triángulo Norte:
Los Departamentos de Defensa y de Estado necesitan políticas mejoradas para abordar el uso indebido de equipo
GAO-23-106186
Published:
Publicly Released:
To see the version of this page in English, see GAO-23-105856. El Departamento de Defensa (DOD, por sus siglas en inglés) y el Departamento de Estado (State, por su nombre en inglés) proporcionan equipo—como vehículos y gafas de visión nocturna—a El Salvador, Guatemala y Honduras. Esta asistencia está destinada a asistir en abordar los retos de seguridad, y se suma a más de $66 millones...
Satellite Licensing:
FCC Should Reexamine Its Environmental Review Process for Large Constellations of Satellites GAO-23-105005
Published: By 2030, tens of thousands of commercial satellites are expected to join the thousands of satellites already in orbit. Scientists and others have raised concerns about the potential environmental and other effects of large quantities of satellites. Companies submit satellite launch proposals to the Federal Communications Commission for licensing. FCC reviews potential environmental effects—unless the proposal is in a category that FCC has excluded from...
Coast Guard:
Additional Actions Needed to Improve Commercial Fishing Vessel Safety Efforts
GAO-23-105289
Published:
Publicly Released:
To improve safety in the extremely dangerous commercial fishing industry, Coast Guard examines fishing vessels' documents and safety equipment, and conducts outreach to fishers, among other efforts. But, Coast Guard hasn't fully implemented 17 of 22 statutory requirements to improve commercial fishing vessel safety. For example, Coast Guard hasn't developed a training program for commercial fishers or re-established an advisory committee on industry safety issues...
Northern Triangle:
DOD and State Need Improved Policies to Address Equipment Misuse
GAO-23-105856
Published:
Publicly Released:
Para la versión de esta página en español, ver a GAO-23-106186. DOD and the State Department provide equipment—such as vehicles and night-vision goggles—to El Salvador, Guatemala, and Honduras. This assistance is intended to help address widespread security challenges and totaled over $66 million from FYs 2017-2021. Some equipment has allegedly been misused. For example, government officials in Guatemala allegedly used Jeeps from DOD to intimidate...
Equal Employment Opportunity Commission:
Oversight of the Length of the Charge Intake Process is Needed GAO-23-106245
Published:
Publicly Released:
People who believe they've experienced employment discrimination can inquire with the EEOC about filing charges. After EEOC officials interview them, charges can be filed. EEOC received over 145,000 inquiries and 60,000 discrimination charges in FY2021—underscoring the importance of EEOC efficiently managing its inventory of open charges. But, EEOC doesn't monitor how long it takes from when a person files an inquiry to when EEOC officials...
IASB
November 2022 International Sustainability Standards Board agenda and meeting papers now available
Meeting
4 Nov 2022
Supplementary ISSB Update November 2022 now available
Update
4 Nov 2022
ISSB progresses discussions on reference to other standards to support increased interoperability
Announcement
3 Nov 2022
Additional paper added to ISSB supplementary meeting for public discussion on 3 November 2022
Meeting
2 Nov 2022
Compilation of Agenda Decisions—Volume 7 published
Agenda Decision
2 Nov 2022
ISSB confirms requirement to use climate-related scenario analysis
Announcement
1 Nov 2022
IFRS Foundation announces membership of the Integrated Reporting and Connectivity Council
Announcement
1 Nov 2022
IRS
IRS Independent Office of Appeals’ priorities for 2023 focus on taxpayer service
IR-2022-195, November 4, 2022 — Today, the IRS Independent Office of Appeals released its focus guide for fiscal year 2023. Appeals is taking important steps to expand communications with external stakeholders and to improve taxpayer access to Appeals.
IRS-CI releases FY2022 annual report highlighting more than 2,550 investigations, 90% conviction rate; enforcement actions focused on tax fraud, money laundering, cybercrimes
IR-2022-194, November 3, 2022 — In fiscal year 2022, IRS Criminal Investigation initiated more than 2,550 criminal investigations, identified over $31 billion from tax and financial crimes, and obtained a 90.6% conviction rate on cases accepted for prosecution.
IRS seeks comments on upcoming energy guidance
IR-2022-193, November 3, 2022 — The Internal Revenue Service today issued three notices asking for comments on different aspects of extensions and enhancements of energy tax benefits in the Inflation Reduction Act.
NYC
FY22 Annual Report on Environmental Control Board (ECB)-Adjudicated Judgments
November 1, 2022
NYS
PCAOB
PCAOB Sanctions Firm and Partner for Violating PCAOB Rules and Quality Control Standards
Nov. 3, 2022
SEC
Keith E. Cassidy and Natasha Vij Greiner Appointed Deputy Directors of Division of Examinations
2022-202, Nov. 7, 2022 — The Securities and Exchange Commission today named Keith E. Cassidy and Natasha Vij Greiner as Deputy Directors of the Division of Examinations.
SEC Charges Creator of Global Crypto Ponzi Scheme and Three US Promoters in Connection with $295 Million Fraud
2022-201, Nov. 4, 2022 — The Securities and Exchange Commission today announced charges against Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor, and Jonathan Tetreault for their roles in Trade Coin Club, a fraudulent crypto Ponzi scheme that raised more than 82,000 bitcoin, valued at $295 million at the time, from more than 100,000 investors worldwide.
SEC Charges Halal Capital Founder with Multimillion Dollar Fraudulent Scheme That Targeted Muslim Community
2022-200, Nov. 2, 2022 — The Securities and Exchange Commission today charged Jebara Igbara, the founder of Halal Capital LLC, in connection with a more than $8 million scheme that targeted investors from the New York metropolitan area’s Muslim community.
SEC Proposes Enhancements to Open-End Fund Liquidity Framework
2022-199, Nov. 2, 2022 —The Securities and Exchange Commission today voted to propose amendments to better prepare open-end funds for stressed conditions and to mitigate dilution of shareholders’ interests. The rule and form amendments would enhance how funds manage their liquidity risks, require mutual funds to implement liquidity management tools, and provide for more timely and detailed reporting of fund information.
SEC Adopts Rules to Enhance Proxy Voting Disclosure by Registered Investment Funds and Require Disclosure of “Say-on-Pay” Votes for Institutional Investment Managers
2022-198, Nov. 2, 2022 — The Securities and Exchange Commission today adopted amendments to Form N-PX to enhance the information mutual funds, exchange-traded funds, and certain other registered funds report about their proxy votes. The amendments will make these funds’ proxy voting records more usable and easier to analyze, improving investors’ ability to monitor how their funds vote and compare different funds’ voting records. The rulemaking will also newly require institutional investment managers to disclose how they voted on executive compensation, or so-called “say-on-pay” matters, which fulfills one of the remaining rulemaking mandates under the Dodd-Frank Wall Street Reform and Consumer Protection Act.