Presentation by Mark Hadley, CBO’s Chief Operating Officer and General Counsel, at the International Association of Legislation’s Eighth International Conference on Legislation and Law Reform.
Presentation by Eric J. Labs, an analyst in CBO’s National Security Division, at the National Defense Industrial Association’s 26th Annual Expeditionary Warfare Conference.
401(k) Plans: Reported Impacts of Fee Disclosure Regulations, and DOL Efforts to Support Implementation of Regulation GAO-24-107125 Published: . Publicly Released: . Millions of workers save for retirement via employer-sponsored 401(k) plans. Employers work with service providers that charge fees to manage these plans. The Department of Labor requires the disclosure of fees to employers and workers. We asked relevant organizations about the requirement. They told us that disclosures increased employers' awareness of fees. Some said disclosures may increase workers' knowledge of and involvement in their 401(k)..
Many people across the country use ridesharing and taxi services. Advocacy groups and others have raised questions about the safety of these services, as both drivers and passengers have experienced violence. This report describes: States and localities' background check requirements for ridesharing and taxi drivers Safety features ridesharing and taxi companies offer before or during a trip We surveyed passengers about such safety features. They...
When the Department of Education finds a college engaged in certain kinds of misconduct, such as misrepresenting graduates' job prospects, students may qualify for loan relief. Students can apply through a process known as "borrower defense." If Education finds misconduct, it can forgive outstanding loan balances and refund payments already made. If colleges engaged in misconduct over time and across locations, Education can approve relief...
School districts had spent about $60 billion in federal COVID emergency relief funds by the end of the 2021-2022 school year. About 80% of this money was used to address students' needs—such as providing summer school and tutoring to help get kids back on track—and to keep schools running. The remaining 20% went to addressing physical and mental health concerns, including improving ventilation and hiring...
Published: Oct 23, 2024 . Publicly Released: Oct 23, 2024 .
About 2 million people in the U.S. live with the loss of all or part of an arm or leg. That number is expected to almost double by 2050. Adults over 65 are at greatest risk. People who've lost a limb can face higher mortality rates—often due to underlying conditions like diabetes or vascular disease. For beneficiaries who've lost a limb, Medicare covers some services...
About 3.3 million children were enrolled in kindergarten in 2024. But do states know how ready they were? Children have varying degrees of the social, emotional, language, motor, and other skills that they need to be successful in kindergarten. 27 states required their school districts to formally assess children's "kindergarten readiness" for the 2023-2024 school year. Kindergarten teachers told us that these assessments can help...
Published: Oct 22, 2024 . Publicly Released: Oct 22, 2024 .
Commercial development of generative artificial intelligence technologies has rapidly accelerated. Industry releases new models multiple times per year, attracting more than 100 million users worldwide. This acceleration has raised concerns about potential harm—for example, models may produce factual errors that spread misinformation or generate explicit content. Our technology assessment describes common development practices, including testing for vulnerabilities and the limitations of this testing. In future...
IR-2024-282, Oct. 25, 2024 — The IRS today announced disaster tax relief for individuals and businesses in the Juneau area of Alaska, affected by flooding that began on Aug. 5, 2024.
IR-2024-281, Oct. 24, 2024 — The Department of the Treasury and the Internal Revenue Service today issued final regulations to provide guidance for the Advanced Manufacturing Production Credit established by the Inflation Reduction Act of 2022 (IRA).
IR-2024-280, Oct. 24, 2024 — The Department of the Treasury and the Internal Revenue Service today issued Revenue Procedure 2024-31 and proposed regulations to provide guidance for the energy efficient home improvement credit.
IR-2024-279, Oct. 23, 2024 — Now that the Oct. 15 extension deadline has come and gone, the Internal Revenue Service today reminded disaster-area taxpayers who received extensions to file their 2023 returns that, depending upon their location, their returns are due on Nov. 1, 2024, Feb. 3, 2025, or May 1, 2025.
IR-2024-278, Oct. 23, 2024 — As the 2025 tax season approaches, the IRS encourages all taxpayers to take an important step to safeguard their identity by signing up for an identity protection personal identification number (IP PIN).
IR-2024-277, Oct. 23, 2024 — The Department of the Treasury and the Internal Revenue Service today granted a filing exception for tax-exempt organizations; they do not have to file Form 4626, Alternative Minimum Tax – Corporations, for tax year 2023.
IR-2024-276, Oct. 22, 2024 — The IRS today announced the new pass-through field operations unit announced last fall has officially started work in its Large Business and International (LB&I) division to more efficiently conduct audits of pass-through entities.
IR-2024-275, Oct. 22, 2024 — The Department of the Treasury and the Internal Revenue Service today issued final regulations that provide guidance regarding the implementation of the Advanced Manufacturing Investment Credit, established by the CHIPS Act of 2022.
IR-2024-274, Oct. 22, 2024 — The Internal Revenue Service today announced that Preparer Tax Identification Number (PTIN) renewals for 2025 are now being processed.
Washington D.C., Oct. 25, 2024 — The Securities and Exchange Commission today adopted rule amendments and a new rule to improve the resilience and recovery and wind-down planning of covered clearing agencies. The rule amendments establish new requirements regarding a covered clearing agency’s collection of intraday margin as well as a covered clearing agency’s reliance on substantive inputs to its risk-based margin model. The new rule prescribes requirements for the contents of a covered clearing agency’s recovery and wind-down plan.
Washington D.C., Oct. 25, 2024 — The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Wednesday, Nov. 13, 2024. The meeting will include a discussion of how venture capital fund managers are raising capital, including the limits of arm’s length fundraising and challenges facing emerging fund managers. Members of the public can watch the live meeting via webcast on www.sec.gov.
Washington D.C., Oct. 22, 2024 — The Securities and Exchange Commission today charged four current and former public companies – Unisys Corp., Avaya Holdings Corp., Check Point Software Technologies Ltd, and Mimecast Limited – with making materially misleading disclosures regarding cybersecurity risks and intrusions. The SEC also charged Unisys with disclosure controls and procedures violations.
Washington D.C., Oct. 21, 2024 — The Securities and Exchange Commission today charged New York-based investment adviser WisdomTree Asset Management Inc. with making misstatements and for compliance failures relating to the execution of an investment strategy that was marketed as incorporating environmental, social, and governance (ESG) factors.
