AICPA 

Press Release
CPAs Visit Capitol Hill to Discuss Issues Important to Accounting Profession
Taxpayer services, disaster assistance, digital taxes and fiscal state of the nation are the issues topping the agenda.
May 21, 2019

Press Release
Bill Reeb Elected Chair of the American Institute of CPAs
Bill Reeb is the new chair of the American Institute of CPAs, the world's largest member organization representing the CPA profession.
May 21, 2019

CBO

Cost Estimate
S. 737, Building Blocks of STEM Act
May 24, 2019
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on May 15, 2019

Cost Estimate
H.R. 1237, COAST Research Act of 2019
May 24, 2019
As ordered reported by the House Committee on Science, Space, and Technology on May 1, 2019

Cost Estimate
H.R. 1232, Rescinding DHS’ Waiver Authority for Border Wall Act
May 24, 2019
As reported by the House Committee on Homeland Security on May 2, 2019

Cost Estimate
H.R. 1595, SAFE Banking Act of 2019
May 24, 2019
As ordered reported by the House Committee on Financial Services on March 28, 2019

Cost Estimate
S. 1378, Repeal Insurance Plans of the Multi-State Program Act
May 23, 2019
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 15, 2019

Cost Estimate
S. 877, Shark Fin Sales Elimination Act of 2019
May 23, 2019
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 3, 2019

Cost Estimate
Senate Amendment 250 to H.R. 2157, Additional Supplemental Appropriations for Disaster Relief Act, 2019
May 23, 2019
As filed on May 23, 2019

Report
The Role of the Federal Housing Administration in the Reverse-Mortgage Market
May 23, 2019
In this report, CBO examines how FHA’s Home Equity Conversion Mortgage program works, how it affects the federal budget, and how various policy approaches might reduce costs and risks to the government or to borrowers.

Blog Post
CBO’s Theresa Gullo Receives the James L. Blum Award
May 23, 2019
The American Association for Budget and Program Analysis presents the James L. Blum Award to people who have distinguished records of accomplishment in public budgeting. We are delighted that one of the recipients this year was Theresa Gullo.

Cost Estimate
H.R. 542, Supporting Research and Development for First Responders Act
May 22, 2019
As ordered reported by the House Committee on Homeland Security on May 15, 2019

Cost Estimate
H.R. 2589, Unifying DHS Intelligence Enterprise Act
May 22, 2019
As ordered reported by the House Committee on Homeland Security on May 15, 2019

Cost Estimate
H.R. 2590, DHS Overseas Personnel Enhancement Act of 2019
May 22, 2019
As ordered reported by the House Committee on Homeland Security on May 15, 2019

Cost Estimate
H.R. 2609, DHS Acquisition Review Board Act of 2019
May 22, 2019
As ordered reported by the House Committee on Homeland Security on May 15, 2019

Cost Estimate
H.R. 2621, Homeland Security Assessment of Terrorists Use of Ghost Guns Act
May 22, 2019
As ordered reported by the House Committee on Homeland Security on May 15, 2019

Cost Estimate
S. 411, Counter Threats Advisory Board Act of 2019
May 22, 2019
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 15, 2019

Cost Estimate
H.R. 2383, Secure Communities and Safe Schools Act
May 22, 2019
As ordered reported by the House Committee on Homeland Security on May 15, 2019

Cost Estimate
H.R. 2376, Prescription Pricing for the People Act of 2019
May 22, 2019
As ordered reported by the House Committee on the Judiciary on April 30, 2019

Cost Estimate
H.R. 375, A bill to amend the Act of June 18, 1934, to reaffirm the authority of the Secretary of the Interior to take land into trust for Indian tribes, and for other purposes
May 22, 2019
As ordered reported by the House Committee on Natural Resources on May 1, 2019

Cost Estimate
H.R. 1590, Terrorist and Foreign Fighter Travel Exercise Act of 2019
May 22, 2019
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 15, 2019

Report
Testimony on the Key Design Components and Considerations for Establishing a Single-Payer Health Care System
May 22, 2019
CBO testifies before the House Budget Committee on the agency's recent work analyzing the key design components and considerations for establishing a single-payer health care system.

Cost Estimate
H.R. 1158, DHS Cyber Incident Response Teams Act of 2019
May 21, 2019
As ordered reported by the House Committee on Homeland Security on May 15, 2019

Presentation
Congressional Proposals Related to a Lapse of Appropriations
May 21, 2019
Presentation by Justin Riordan, an analyst in CBO’s Budget Analysis Division, at the American Association of Budget and Policy Analysis Spring 2019 Symposium.

Cost Estimate
H.R. 2385, a bill to permit the Secretary of Veterans Affairs to establish a grant program to conduct cemetery research and produce educational materials for the Veterans Legacy Program
May 20, 2019
As ordered reported by the House Committee on Veterans’ Affairs on May 8, 2019

Cost Estimate
H.R. 2331, SBA Cyber Awareness Act
May 20, 2019
As ordered reported by the House Committee on Small Business on May 1, 2019

Cost Estimate
H.R. 2399, Homes for Our Heroes Act of 2019
May 20, 2019
As ordered reported by the House Committee on Veterans’ Affairs on May 8, 2019

Cost Estimate
H.R. 1947, a bill to amend title 38, United States Code, to exempt transfers of funds from Federal agencies to the Department of Veterans Affairs for nonprofit corporations established under subchapter IV of chapter 73 of such title from certain provision
May 20, 2019
As ordered reported by the House Committee on Veterans’ Affairs on May 8, 2019

Presentation
Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2019 to 2029 in 12 Slides
May 20, 2019
CBO and JCT project that federal subsidies, taxes, and penalties associated with health insurance coverage for people under age 65 will result in a net subsidy from the federal government of $737 billion in 2019 and $1.3 trillion in 2029.

FAF

FAF Issues 2018 Annual Report,
“Standards That Work: Rising to Meet the Future”  [05/23/19]
Media Advisory
Annual Report

FAF Appoints Carolyn Smith to Governmental Accounting Standards
Board  [05/22/19]
News Release

FASB

Investor Advisory Committee  [05/24/19]
May 14, 2019 Meeting Recap 

FAF Issues 2018 Annual Report,
"Standards That Work: Rising to Meet the Future"  [05/23/19]
Media Advisory 
Annual Report

GAO

Private Student Loans:
Clarification from CFPB Could Help Ensure More Consistent Opportunities and Treatment for Borrowers
GAO-19-430:Published: May 24, 2019. Publicly Released: May 24, 2019.

Advanced Manufacturing:
Innovation Institutes Have Demonstrated Initial Accomplishments, but Challenges Remain in Measuring Performance and Ensuring Sustainability
GAO-19-409:Published: May 23, 2019. Publicly Released: May 23, 2019.

Commercial Space Transportation:
Improvements to FAA's Workforce Planning Needed to Prepare for the Industry's Anticipated Growth
GAO-19-437:Published: May 23, 2019. Publicly Released: May 23, 2019.

Export-Import Bank:
EXIM Should Explore Using Available Data to Identify Applicants with Delinquent Federal Debt
GAO-19-337:Published: May 23, 2019. Publicly Released: May 23, 2019.

U.S. Secret Service:
Further Actions Needed to Fully Address Protective Mission Panel Recommendations
GAO-19-415:Published: May 22, 2019. Publicly Released: May 22, 2019.

VA Health IT:
Use of Acquisition Best Practices Can Improve Efforts to Implement a System to Support the Family Caregiver Program
GAO-19-581T:Published: May 22, 2019. Publicly Released: May 22, 2019.

Veterans Affairs:
Sustained Leadership Needed to Address High-Risk Issues
GAO-19-571T:Published: May 22, 2019. Publicly Released: May 22, 2019.

Children Affected by Trauma:
Selected States Report Various Approaches and Challenges to Supporting Children
GAO-19-388:Published: Apr 24, 2019. Publicly Released: May 22, 2019.

2019 Annual Report:
Additional Opportunities to Reduce Fragmentation, Overlap, and Duplication and Achieve Billions in Financial Benefits
GAO-19-285SP:Published: May 21, 2019. Publicly Released: May 21, 2019.

Congressional Award Foundation:
Review of the Audit of the Financial Statements for Fiscal Year 2018
GAO-19-472R:Published: May 21, 2019. Publicly Released: May 21, 2019.

Global Positioning System:
Updated Schedule Assessment Could Help Decision Makers Address Likely Delays Related to New Ground Control System
GAO-19-250:Published: May 21, 2019. Publicly Released: May 21, 2019.

Government Efficiency and Effectiveness:
Opportunities to Reduce Fragmentation, Overlap, and Duplication and Achieve Billions in Financial Benefits
GAO-19-536T:Published: May 21, 2019. Publicly Released: May 21, 2019.

Government Reorganization:
Issues to Consider in the Proposed Reorganization of the Office of Personnel Management
GAO-19-575T:Published: May 21, 2019. Publicly Released: May 21, 2019.

Prescription Opioids:
Voluntary Medicare Drug Management Programs to Control Misuse
GAO-19-446: Published: May. 20, 2019 Publicly Released: May. 20, 2019

Tribal Energy:
Opportunities Exist to Increase Federal Agencies' Use of the Tribal Preference Authority
GAO-19-359: Published: Apr. 19, 2019 Publicly Released: May. 20, 2019

GASB

FAF Issues 2018 Annual Report,
"Standards That Work: Rising to the Meet the Future"  [05/23/19]
Media Advisory
Annual Report

FAF Appoints Carolyn Smith to Governmental Accounting Standards
Board  [05/22/19]
News Release

GASB Proposes Guidance on Cloud Computing and Similar Subscription-Based IT Arrangements  [05/21/19] 
Media Advisory
Exposure Draft

IASB

28 May 2019
May IASB podcast now available

22 May 2019
Join the IFRS Advisory Council

21 May 2019
International Accounting Standards Board proposes annual improvements to IFRS Standards

IRS 

IRS: Doing a ‘Paycheck Checkup’ is a good idea for workers with multiple jobs
IR-2019-97, May 23, 2019 — The Internal Revenue Service urges taxpayers who work multiple jobs or who may be adding summer employment to complete a Paycheck Checkup.

IRS releases Data Book for 2018 showing range of tax data including audits, collection actions and taxpayer service
IR-2019-96, May 20, 2019 — The Internal Revenue Service today released the 2018 IRS Data Book, a snapshot of agency activities for the fiscal year.

NYC Dept. of Finance 

May 28, 2019
Department of Finance Publishes FY20 Final Assessment Roll

May 23, 2019
Commissioner Jacques Jiha, Ph.D. gave testimony before the City Council Finance Committee FY'20 Final Budget Hearing.

SEC

SEC Awards $4.5 Million to Whistleblower Whose Internal Reporting Led to Successful SEC Case and Related Action
Washington D.C., May 24, 2019 —The Securities and Exchange Commission awarded more than $4.5 million to a whistleblower whose tip triggered the company to review the allegations as part of an internal investigation and subsequently report the whistleblower’s allegations to the SEC and another agency.
  
SEC, NASAA, and FINRA Issue Senior Safe Act Fact Sheet to Help promote Greater Reporting of Suspected Senior Financial Exploitation
Washington D.C., May 23, 2019 —In recognition of the one-year anniversary of the passage of The Senior Safe Act, the Securities and Exchange Commission, the North American Securities Administrators Association (NASAA), and the Financial Industry Regulatory Authority (FINRA) have issued a fact sheet to help raise awareness among broker-dealers, investment advisers, and transfer agents of the Act and how the Act’s immunity provisions work
  
SEC Sues Alleged Perpetrator of Fraudulent Pyramid Scheme Promising Investors Cryptocurrency Riches
Washington D.C., May 23, 2019 — The Securities and Exchange Commission filed a civil injunctive action against Daniel Pacheco, a resident of San Clemente, California, and the alleged perpetrator of a multimillion-dollar pyramid scheme.
  
SEC Seeks Emergency Relief to Halt Prominent New York Developer’s Ponzi-Like Real Estate Investment Scheme
Washington D.C., May 23, 2019 — The Securities and Exchange Commission filed an emergency action charging Robert C. Morgan, a New York residential and commercial real estate developer, and two of his entities, Morgan Mezzanine Fund Manager LLC and Morgan Acquisitions, LLC, with fraud for siphoning and misusing investor funds. In its action, filed Wednesday, the SEC seeks an asset freeze and other emergency relief.
  
SEC Obtains Emergency Order Halting Alleged Diamond-Related ICO Scheme Targeting Hundreds of Investors
Washington D.C., May 21, 2019 —The Securities and Exchange Commission today announced it has obtained a court order halting an ongoing $30 million Ponzi scheme targeting more than 300 investors in the U.S. and Canada. The SEC complaint unsealed Monday charges South Florida-based Argyle Coin, LLC, a purported cryptocurrency business, and its principal Jose Angel Aman with using investor funds to run a Ponzi scheme.

SEC and CFTC Participate in the Signing Ceremony for the IOSCO Enhanced Multilateral Memorandum of Understanding Concerning Cross-Border Enforcement
Washington D.C., May 20, 2019 — At the 44th Annual International Organization of Securities Commissions (IOSCO) Conference in Sydney, Australia, the Chairmen of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission (CFTC) participated in a signing ceremony on May 15 for the IOSCO Enhanced Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (EMMoU).

TIGTA

May 22, 2019
Implementation of the Tax Cuts and Jobs Act Deemed Repatriation Tax Presented Significant Challenges [PDF]
Highlights