Regulatory Roundup: April 16-22
AICPA
Press Release
Free Webcast: Taxes - The Start of Your Financial Plan – April 25th @ Noon ET
Free consumer webcast Thursday, April 25 from Noon to 1 PM ET. Learn how to use a tax return to build a financial plan.
April 18, 2019
CBO
Cost Estimate
S. 494, American Fisheries Advisory Committee Act
April 18, 2019
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 3, 2019
Cost Estimate
S. 918, E-FRONTIER Act
April 18, 2019
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 3, 2019
Blog Post
CBO Releases Four Products Explaining How Its New Health Insurance Simulation Model Works
April 18, 2019
Today CBO released four products that, in combination, explain how the agency uses its new health insurance simulation model, HISIM2, to generate estimates of health insurance coverage and premiums for people under age 65.
Presentation
HISIM2—The Health Insurance Simulation Model Used in Preparing CBO’s Spring 2019 Baseline Budget Projections
April 18, 2019
CBO describes how its new health insurance simulation model was used to develop the agency’s new baseline budget projections. CBO also has made available segments of computer code to provide more detail about how the new model works.
Report
Health Insurance Coverage for People Under Age 65: Definitions and Estimates for 2015 to 2018
April 18, 2019
This report explains how CBO defines health insurance coverage, describes how CBO combines data from various sources to produce estimates of different types of coverage in past years, and shows such estimates for the years 2015 to 2018.
Working Paper
Sources and Preparation of Data Used in HISIM2—CBO’s Health Insurance Simulation Model: Working Paper 2019-04
April 18, 2019
CBO developed a new version its health insurance simulation model, HISIM2, including using new sources of input data. This paper describes the new input data and the methods for adjusting and adding to those data to form the sample used in HISIM2.
Cost Estimate
S. 1061, John F. Kennedy Center Reauthorization Act of 2019
April 17, 2019
As reported by the Senate Committee on Environment and Public Works on April 10, 2019
Cost Estimate
H.R. 753, Global Electoral Exchange Act of 2019
April 17, 2019
As ordered reported by the House Committee on Foreign Affairs on April 9, 2019
Cost Estimate
H.R. 1952, Intercountry Adoption Information Act of 2019
April 17, 2019
As ordered reported by the House Committee on Foreign Affairs on April 9, 2019
Cost Estimate
H.R. 964, Transition Team Ethics Improvement Act
April 17, 2019
As ordered reported by the House Committee on Oversight and Reform on March 26, 2019
Blog Post
CBO to Release Updated Baseline Budget Projections on May 2
April 17, 2019
On May 2, CBO plans to release updated 10-year baseline budget projections. At the same time, CBO will release Federal Subsidies for Health Insurance Coverage for People Under Age 65: 2019 to 2029.
Cost Estimate
H.R. 1359, Digital Global Access Policy Act of 2019
April 16, 2019
As ordered reported by the House Committee on Foreign Affairs on April 9, 2019
Report
Social Security Replacement Rates and Other Benefit Measures: An In-Depth Analysis
April 16, 2019
This report and the accompanying interactive tool present CBO’s analysis of whether Social Security benefits enable retired workers to meet their basic needs and the extent to which benefits replace preretirement earnings.
Cost Estimate
H.R. 951, United States-Mexico Tourism Improvement Act of 2019
As ordered reported by the House Committee on Foreign Affairs on April 9, 2019
Cost Estimate
H.R. 97, Rescuing Animals With Rewards Act of 2019
As ordered reported by the House Committee on Foreign Affairs on April 9, 2019
Cost Estimate
H.R. 2002, Taiwan Assurance Act of 2019
As ordered reported by the House Committee on Foreign Affairs on April 9, 2019
Cost Estimate
H.R. 1775, Notice to Airmen Improvement Act of 2019
As ordered reported by the House Committee on Transportation and Infrastructure on March 27, 2019
Cost Estimate
H.R. 389, Kleptocracy Asset Recovery Rewards Act
As ordered reported by the House Committee on Financial Services on March 28, 2019
Cost Estimate
H.R. 9, Climate Action Now Act
As ordered reported by the House Committee on Foreign Affairs on April 9, 2019
Cost Estimate
H.R. 9, Climate Action Now Act
As ordered reported by the House Committee on Energy and Commerce on April 4, 2019
FAF
Financial Accounting Foundation Reappoints Chairman Charles H. Noski; Appoints Two New Trustees [04/19/19]
News Release
FAF Trustees Appoint Susan M. Cosper to Financial Accounting Standards Board [04/18/19]
News Release
GAO
Priority Open Recommendations:
Department of the Interior
GAO-19-309SP: Published: Apr 12, 2019. Publicly Released: Apr 19, 2019.
Priority Open Recommendations:
National Aeronautics and Space Administration
GAO-19-424SP: Published: Apr 12, 2019. Publicly Released: Apr 19, 2019.
Tribal Consultation:
Additional Federal Actions Needed for Infrastructure Projects
GAO-19-22: Published: Mar 20, 2019. Publicly Released: Apr 19, 2019.
2017 Hurricane Season:
Federal Support for Electricity Grid Restoration in the U.S. Virgin Islands and Puerto Rico
GAO-19-296: Published: Apr 18, 2019. Publicly Released: Apr 18, 2019.
National Nuclear Security Administration Contracting:
Review of the NNSA Report on the Nevada National Security Site Contract Competition
GAO-19-349R: Published: Apr 17, 2019. Publicly Released: Apr 17, 2019.
Priority Open Recommendations:
Department of Energy
GAO-19-311SP: Published: Apr 10, 2019. Publicly Released: Apr 17, 2019.
Priority Open Recommendations:
Department of Justice
GAO-19-361SP: Published: Apr 10, 2019. Publicly Released: Apr 17, 2019.
Priority Open Recommendations:
General Services Administration
GAO-19-317SP: Published: Apr 10, 2019. Publicly Released: Apr 17, 2019.
Priority Open Recommendations:
Office of Management and Budget
GAO-19-323SP: Published: Apr 10, 2019. Publicly Released: Apr 17, 2019
Management Report:
CMS Needs to Address Gaps in Federal Oversight of Nursing Home Abuse Investigations That Persisted in Oregon for at Least 15 Years
GAO-19-313R: Published: Apr. 15, 2019 Publicly Released: Apr. 15, 2019
Truck Underride Guards:
Improved Data Collection, Inspections, and Research Needed
GAO-19-264: Published: Mar. 14, 2019 Publicly Released: Apr. 15, 2019
Women-Owned Small Business Program:
Actions Needed to Address Ongoing Oversight Issues
GAO-19-168: Published: Mar. 14, 2019 Publicly Released: Apr. 15, 2019
IASB
18 April 2019
Global Preparers Forum meeting summary available
18 April 2019
Join the IFRS Foundation—Payroll Coordinator
17 April 2019
April IASB podcast now available
IRS
IRS announces multi-year plan to update, modernize IT systems; Effort focused on improved taxpayer services, expanded cybersecurity and taxpayer data protections
IR-2019-77, April 18, 2019 — The Internal Revenue Service released today a six-year plan to modernize the agency’s Information Technology systems and improve a variety of taxpayer services critical to the nation’s tax system.
Cybersecurity, new tax law, top agenda at Nationwide Tax Forums; Tax Pros: Earn up to 19 Continuing Education Credits
IR-2019-76, April 17, 2019 — The IRS today announced the schedule of this summer’s Nationwide Tax Forums, held in five cities across the country.
IRS issues guidance relating to deferral of gains for investments in a qualified opportunity fund
IR-2019-75, April 17, 2019 –The Internal Revenue Service today issued guidance providing additional details about investment in qualified opportunity zones.
IRS provides tips for last-minute filers; resources for extensions, payments and installment agreements
IR-2019-74, April 15, 2019 — As the tax-filing deadline fast approaches, the Internal Revenue Service is reminding taxpayers who have yet to file their tax returns that there are a variety of options to help them.
SEC
Silicon Valley Company Settles Fraud Charge for Misstating Returns to InvestorsWashington D.C., April 19, 2019 —The Securities and Exchange Commission today announced that Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors.
SEC and FINRA to Hold National Compliance Outreach Program for Broker-Dealers on June 27, 2019
Washington D.C., April 16, 2019 —The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) today announced the opening of registration for their 2019 National Compliance Outreach Program for Broker-Dealers, which will be held June 27, 2019, in Chicago.
TIGTA
April 18, 2019
Tax Cuts and Jobs Act: Assessment of Implementation Efforts [PDF]
Highlights