Regulatory Roundup: October 29 - November 4
AICPA
Oct 30, 2024
Oct 29, 2024
Oct 28, 2024
CBO
Cost Estimate
H.R. 9718, Extending and Enhancing U.S.-U.K. Nuclear Cooperation for Mutual Defense Purposes Act
November 4, 2024
As ordered reported by the House Committee on Foreign Affairs on September 24, 2024
This interactive workbook allows users to see how revenues and outlays that differed from those in CBO’s June 2024 baseline budget projections would increase or decrease net interest costs and thus affect deficits and debt.
FASB
October 29, 2024
GAO
Red Hill Fuel Storage:
DOD's Contract Approaches and Oversight before and after the 2021 Fuel Leaks
GAO-25-106572
Published: . Publicly Released: .
In 2021, Navy personnel accidentally caused 2 fuel leaks at Red Hill—a Navy facility on the island of O'ahu. The leaks contaminated drinking water for 93,000 people in the area. The Navy is working on closing this facility. Before the leaks, several DOD organizations had roles at Red Hill and contractors provided maintenance services. We reviewed contractors' roles at Red Hill. We also reported on...
The U.S. Victims of State Sponsored Terrorism Fund compensates victims of terrorism and their immediate family members. As of August 2024, it had distributed about $3.4 billion. We determined 2,081 victims of the 1983 Beirut barracks and 1996 Khobar Towers bombings were eligible to receive payments. Payments to these victims would total about $614 million. However, Fund guidance may have discouraged an additional 274 victims...
Not having access to affordable menstrual products (e.g., tampons or pads) may affect individuals' school attendance, employment, and mental and physical health. Our Q&A report examines states' coverage of menstrual products in their Medicaid programs. Coverage of these products is not a Medicaid benefit. But some Medicaid managed care plans may voluntarily cover some costs for eligible enrollees. We identified 25 states with at least...
Published: Oct 29, 2024 . Publicly Released: Oct 30, 2024 .
The Department of Homeland Security uses Federally Funded Research and Development Centers to work on projects that DHS or contractors can't do as effectively. Since 2004, DHS has committed over $3 billion to projects at the centers, which are run by non-profit organizations. DHS reviews proposed research and development projects, including center projects, to check if they overlap—i.e., unnecessarily pursue the same goals. But 5...
IASB
30 Oct 2024
29 Oct 2024
28 Oct 2024
IRS
IR-2024-284, Oct. 29, 2024 — The IRS today announced the selection of the first Associate Chief Counsel for the newly created Passthroughs, Trusts and Estates office that will focus exclusively on partnerships, S corporations, trusts and estates. Staffing for this office will be drawn from the current Passthroughs and Special Industries office.
IR-2024-283, Oct. 28, 2024 — As National Cybersecurity Awareness Month concludes and preparation for next tax season begins, the Internal Revenue Service and its Security Summit partners today reminded taxpayers to be wary of online threats like identity theft and fraud.
NYC
November 1, 2024
PCAOB
SEC
Washington D.C., Oct. 31, 2024 — The Securities and Exchange Commission today charged J.P. Morgan Securities LLC (JPMS) and J.P. Morgan Investment Management Inc. (JPMIM) – both affiliates of JPMorgan Chase & Co. (JP Morgan) – in five separate enforcement actions for failures including misleading disclosures to investors, breach of fiduciary duty, prohibited joint transactions and principal trades, and failures to make recommendations in the best interest of customers.