October 10, 2019

Press Release
AICPA Foundation Grants 25 Minority Doctoral Fellowships
The AICPA Foundation named recipients of 25 Minority Doctoral Fellowships to help students achieve their doctorates in accounting.
October 9, 2019

CBO

Cost Estimate
Effects of Drug Price Negotiation Stemming From Title 1 of H.R. 3, the Lower Drug Costs Now Act of 2019, on Spending and Revenues Related to Part D of Medicare
October 11, 2019
Letter to the Honorable Frank Pallone Jr.

Cost Estimate
S. 1201, Enhancing Fossil Fuel Energy Carbon Technology Act of 2019
October 11, 2019
As ordered reported by the Senate Committee on Energy and Natural Resources on July 16, 2019

Cost Estimate
Additional Information About the Effects on Social Security of H.R. 860, the Social Security 2100 Act
October 10, 2019
Letter to the Honorable John Larson

Cost Estimate
H.R. 2185, District of Columbia Flood Prevention Act of 2019
October 10, 2019
As ordered reported by the House Committee on Natural Resources on September 25, 2019

Cost Estimate
H.R. 2189, Digital Coast Act
October 10, 2019
As ordered reported by the House Committee on Natural Resources on September 18, 2019

Cost Estimate
H.R. 4302, Homeless Assistance Act of 2019
October 10, 2019
As ordered reported by the House Committee on Financial Services on September 20, 2019

Working Paper
A Summary of Selected CBO Reports on Cash and Accrual Budgeting: Working Paper 2019-09
October 9, 2019
The costs of federal activities are recorded in the budget mostly on a cash basis. Using accrual accounting for retirement and insurance programs would accelerate the recognition of long-term costs and display the expected costs of new commitments when they were incurred.

Cost Estimate
H.R. 1309, Workplace Violence Prevention for Health Care and Social Service Workers Act
October 9, 2019
As ordered reported by the House Committee on Education and Labor on June 11, 2019

Cost Estimate
S. 1341, Safer Occupancy Furniture Flammability Act
October 9, 2019
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on July 24, 2019

Cost Estimate
S. 1858, CPSC CIO Parity Act
October 9, 2019
As ordered reported by the Senate Committee on Commerce, Science, & Transportation on July 24, 2019

Report
An Analysis of the Navy's Fiscal Year 2020 Shipbuilding Plan
October 8, 2019
CBO estimates that the total shipbuilding budget would average $31 billion per year, one-third more than the Navy estimates. The plan would require an increase of more than 50 percent compared with recent shipbuilding budgets.

Cost Estimate
H.R. 1487, Santa Monica Mountains National Recreation Area Boundary Adjustment Study Act
October 8, 2019
As ordered reported by the House Committee on Natural Resources on September 25, 2019

Cost Estimate
H.R. 1492, Yucca House National Monument Boundary Revision Act
October 8, 2019
As ordered reported by the House Committee on Natural Resources on September 25, 2019

Cost Estimate
H.R. 2819, Gold Star Families National Monument Extension Act
October 8, 2019
As ordered reported by the House Committee on Natural Resources on September 18, 2019

Cost Estimate
H.R. 3289, Hong Kong Human Rights and Democracy Act of 2019
October 8, 2019
As ordered reported by the House Committee on Foreign Affairs on September 25, 2019

Cost Estimate
H.R. 4270, Placing Restrictions on Teargas Exports and Crowd Control Technology to Hong Kong Act
October 8, 2019
As ordered reported by the House Committee on Foreign Affairs on September 25, 2019

Cost Estimate
S. 1838, Hong Kong Human Rights and Democracy Act of 2019
October 8, 2019
As reported by the Senate Committee on Foreign Relations on September 26, 2019

Cost Estimate
S. 2169, a bill to amend section 3116 of title 5, United States Code, to clarify the applicability of the appointment limitations for students appointed under the expedited hiring authority for post-secondary students
October 8, 2019
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 24, 2019

Cost Estimate
H.R. 1023, Great Lakes Fishery Research Authorization Act of 2019
October 7, 2019
As ordered reported by the House Committee on Natural Resources on September 18, 2019

Cost Estimate
H.R. 1472, a bill to rename the Homestead National Monument of America near Beatrice, Nebraska, as the Homestead National Historical Park
October 7, 2019
As ordered reported by the House Committee on Natural Resources on September 25, 2019

Cost Estimate
H.R. 1747, National Fish Habitat Conservation Through Partnerships Act
October 7, 2019
As ordered reported by the House Committee on Natural Resources on September 25, 2019

Cost Estimate
H.R. 1980, Smithsonian Women’s History Museum Act
October 7, 2019
As introduced on March 28, 2019

Cost Estimate
H.R. 3115, Living Shorelines Act of 2019
October 7, 2019
As ordered reported by the House Committee on Natural Resources on September 25, 2019

Cost Estimate
H.R. 3629, Clarity in Credit Score Formation Act of 2019
October 7, 2019
As ordered reported by the House Committee on Financial Services on July 16, 2019

Cost Estimate
H.R. 473, a bill to authorize the Every Word We Utter Monument to establish a commemorative work in the District of Columbia and its environs, and for other purposes
October 7, 2019
As ordered reported by the House Committee on Natural Resources on September 18, 2019

Report
Monthly Budget Review for September 2019
October 7, 2019The federal budget deficit was $984 billion in fiscal year 2019, CBO estimates. CBO’s estimate is based on data from the Daily Treasury Statements issued by the Department of the Treasury; the department will report the actual deficit for fiscal year 2019 later this month.

GAO

Department of Veterans Affairs:
Improved Succession Planning Would Help Address Long-Standing Workforce Problems
GAO-20-15:Published: Oct 10, 2019. Publicly Released: Oct 10, 2019.

Medicare:
Spending on Certain Disposable Wound Care Devices in Home Health
GAO-20-42R:Published: Oct 10, 2019. Publicly Released: Oct 10, 2019.

Medicaid Demonstrations:
Actions Needed to Address Weaknesses in Oversight of Costs to Administer Work Requirements
GAO-20-149:Published: Oct 1, 2019. Publicly Released: Oct 10, 2019.

Wildfire Disasters:
FEMA Could Take Additional Actions to Address Unique Response and Recovery Challenges
GAO-20-5:Published: Oct 9, 2019. Publicly Released: Oct 9, 2019.

Maternal and Child Home Visiting Program:
HHS Determined That States Generally Met the Maintenance of Effort Requirement
GAO-19-645:Published: Sep 17, 2019. Publicly Released: Oct 9, 2019.

Puerto Rico Electricity Grid Recovery:
Better Information and Enhanced Coordination Is Needed to Address Challenges
GAO-20-141:Published: Oct 8, 2019. Publicly Released: Oct 8, 2019.

Recuperación De La Red Eléctrica En Puerto Rico:
Se Necesita Mejor Información y Coordinación para Enfrentar Desafíos
GAO-20-143:Published: Oct 8, 2019. Publicly Released: Oct 8, 2019.

Tax-Law Enforcement:
IRS Could Better Leverage Existing Data to Identify Abusive Schemes Involving Tax-Exempt Entities
GAO-19-491: Published: Sep. 5, 2019 Publicly Released: Oct. 7, 2019

SEC Halts Alleged $1.7 Billion Unregistered Digital Token Offering
2019-212, Washington D.C., Oct. 11, 2019 —The Securities and Exchange Commission today announced that it has filed an emergency action and obtained temporary restraining order against two offshore entities conducting an alleged unregistered, ongoing digital token offering in the U.S. and overseas that has raised more than $1.7 billion of investor funds

SEC Educational Videos Aim to Help Investors Spot and Avoid Fraud
2019-209

Washington D.C., Oct. 11, 2019 —The SEC’s Office of Investor Education and Advocacy and Retail Strategy Task Force this week released new videos and Investor Alerts to help show investors what fraud looks like. Fraudsters will use every gimmick they can think of to get their hands on investors’ hard-earned money. These videos, along with our other investor education materials on Investor.gov, provide practical information that Main Street investors can use to avoid fraud and become empowered to make the best investment decisions possible for a strong financial future.

SEC Announces the Formation of Asset Management Advisory Committee
2019-208 Washington D.C., Oct. 9, 2019 —

The Securities and Exchange Commission today announced the formation of its Asset Management Advisory Committee.The committee was formed to provide the Commission with diverse perspectives on asset management and related advice and recommendations. Topics the committee may address include trends and developments affecting investors and market participants, the effects of globalization, and changes in the role of technology and service providers. The committee is comprised of a group of outside experts, including individuals representing the views of retail and institutional investors, small and large funds, intermediaries, and other market participants.

Agencies Finalize Changes to Simplify Volcker Rule
2019-207 Washington D.C., Oct. 8, 2019 —Five federal financial regulatory agencies on Tuesday announced that they finalized revisions to simplify compliance requirements relating to the “Volcker rule.”  By statute, the Volcker rule generally prohibits banking entities from engaging in proprietary trading or investing in or sponsoring hedge funds or private equity funds.