Regulatory Roundup: February 4 -10
AICPA
Feb 05, 2025
Feb 05, 2025
CBO
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues.
GAO
The U.S. Postal Service is consolidating some of its mail processing facilities. Before doing so, USPS must give public notice of the proposed changes and provide information on how the changes will affect costs, employees, and mail service. But we found that USPS's process for estimating the costs of these changes doesn't align with best practices we considered. For example, USPS doesn't document all the...
The National Nuclear Security Administration is overseeing a $200 billion nuclear modernization effort and hasn't been this busy since the Cold War. An internal review concluded that it wouldn't be able to meet this workload without changes. It made 18 recommendations, including new approaches to contractor management and workforce retention. The NNSA has taken actions to implement many recommended reforms. Several reforms cover areas we...
FEMA—the federal agency that coordinates disaster response and recovery—spends billions annually on contracts to help communities recover. These contracts are mostly for goods (like water) and services (like construction). FEMA has staff that have been trained and certified to oversee these contracts which helps ensure communities receive their goods and services. For instance, FEMA staff assess contractor reports of work performed and conduct unannounced site...
In 2015, the U.S.-flagged cargo ship SS El Faro sank, killing its crew of 33. Investigators said a contributing factor was insufficient Coast Guard oversight of the third-party organization that helped certify its safety. We reviewed the Coast Guard's use and monitoring of these organizations. Third-party organizations helped certify 3,786 ships in 2023—a nearly 8-fold increase from 2018. But the Coast Guard hasn't assessed the...
Released on Jan 31, 2025
IASB
10 Feb 2025
5 Feb 2025
3 Feb 2025
3 Feb 2025
IRS
IR-2025-21, Feb. 3, 2025 — The Internal Revenue Service today reminded taxpayers that choosing the right tax professional is essential to helping them avoid tax-related identity theft and financial harm.
NYS
February 6, 2025
PCAOB
Feb. 4, 2025
Feb. 3, 2025
SEC
Washington D.C., Feb. 7, 2025 — The Securities and Exchange Commission today provided a temporary exemption from compliance with Rule 13f-2 under the Securities Exchange Act and from reporting on Form SHO. As a result of the exemption, filings on initial Form SHO reports from institutional investment managers that meet or exceed certain specified thresholds will be due by Feb. 17, 2026, for the January 2026 reporting period. The effective date for Rule 13f-2 and Form SHO was Jan. 2, 2024, and the compliance date for such rule and form was Jan. 2, 2025, with initial Form SHO filings originally due by Feb. 14, 2025.
Washington D.C., Feb. 4, 2025 — The Securities and Exchange Commission today announced Acting Chairman Mark T. Uyeda’s executive staff, which will advise the Acting Chairman on matters before the Commission and work closely with SEC staff.
TIGTA