CBO

Cost Estimate
H.R. 147, Bringing Registered Apprenticeships to Veterans Education (BRAVE) Act
August 13, 2021
As ordered reported by the House Committee on Veterans’ Affairs on July 28, 2021

Cost Estimate
H.R. 1884, Save Oak Flat Act
August 13, 2021
As ordered reported by the House Committee on Natural Resources on April 28, 2021

Cost Estimate
H.R. 4657, Veteran Home Energy Savings Act
August 13, 2021
As ordered reported by the House Committee on Veterans’ Affairs on July 28, 2021

Cost Estimate
S. 115, Protecting Tourism in the United States Act
August 13, 2021
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 28, 2021

Cost Estimate
S. 1324, Civilian Cybersecurity Reserve Act
August 13, 2021
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 14, 2021

Cost Estimate
S. 610, Dr. Lorna Breen Health Care Provider Protection Act
August 13, 2021
As ordered reported by the Senate Committee on Health, Education, Labor, and Pensions on May 25, 2021

Cost Estimate
S. 93, Global Magnitsky Human Rights Accountability Reauthorization Act
August 13, 2021
As reported by the Senate Committee on Foreign Relations on June 24, 2021

Blog Post
Sequestration Update for August 2021
August 12, 2021
As required by law, CBO reports on whether appropriations enacted for the current fiscal year have exceeded the statutory caps on discretionary funding. In CBO’s estimation, they have not, and a sequestration will not be required for 2021.

Presentation
CBO’s Economic Forecast: Understanding Productivity Growth
August 10, 2021
Presentation by Robert Shackleton, an analyst in CBO’s Macroeconomic Analysis Division, to the NABE Foundation’s 18th Annual Economic Measurement Seminar.

Cost Estimate
H.R. 4691, K-12 Cybersecurity Act of 2021
August 10, 2021
As ordered reported by the House Committee on Homeland Security on July 28, 2021

Blog Post
CBO’s Panel of Health Advisers, 2021
August 9, 2021
CBO announces the current members of the Panel of Health Advisers.

Cost Estimate
H.R. 539, Preventing Disaster Revictimization Act
August 9, 2021
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 14, 2021

Report
Monthly Budget Review: July 2021
August 9, 2021
The federal budget deficit was $2.5 trillion in the first 10 months of fiscal year 2021, CBO estimates—$269 billion less than the deficit during the same period last year.

Cost Estimate
S. 887, VA Supply Chain Resiliency Act
August 9, 2021
As ordered reported by the Senate Committee on Veterans’ Affairs on July 28, 2021

FASB

Private Company Council  [08/10/21]
June 21 and 22, 2021 Meeting Minutes

GAO

Nuclear Weapons
Actions Needed to Improve Management of NNSA's Lithium Activities
GAO-21-244
Published: Aug 12, 2021.
Publicly Released: Aug 12, 2021.
What GAO Found In December 2019, the National Nuclear Security Administration (NNSA) preliminarily estimated construction would cost between $955 million and $1

Management Report
Continued Improvements Needed in the Processes Used to Prepare the U.S. Consolidated Financial Statements
GAO-21-587
Published: Aug 12, 2021.
Publicly Released: Aug 12, 2021.
What GAO Found GAO's audit of the fiscal year 2020 consolidated financial statements of the U.S. government (CFS) found continuing control deficiencies in the Department of the Treasury's (Treasury) and the Office of Management and Budget's (OMB) processes used to prepare the CFS.

Medicare Durable Medical Equipment
Effect of New Bid Surety Bond Requirement on Small Supplier Participation in the Competitive Bidding Program
GAO-21-602
Published: Aug 12, 2021.
Publicly Released: Aug 12, 2021.
What GAO Found The Centers for Medicare & Medicaid Services (CMS) administers a competitive bidding program (CBP) to determine which suppliers may furnish certain durable medical equipment (DME) to Medicare beneficiaries in designated geographical areas.

U.S. Victims of State Sponsored Terrorism Fund
Estimated Lump Sum Catch-Up Payments
GAO-21-105306
Published: Aug 11, 2021.
Publicly Released: Aug 11, 2021.
What GAO Found GAO estimated that lump sum catch-up payments to 5,364 9/11 victims, spouses, and dependents would total about $2.7 billion.

Private Health Coverage
Results of Covert Testing for Selected Sales Representatives Listed on Healthcare.gov
GAO-21-568R
Published: Aug 10, 2021.
Publicly Released: Aug 10, 2021.
What GAO Found Since 2014, millions of consumers have purchased individual market health insurance plans through the health insurance exchanges—or marketplaces—established under the Patient Protection and Affordable Care Act (PPACA).

Medicare
Additional Reporting on Key Staffing Information and Stronger Payment Incentives Needed for Skilled Nursing Facilities [Reissued with revisions on Aug. 10, 2021.]
GAO-21-408
Published: Jul 09, 2021.
Publicly Released: Aug 09, 2021.
What GAO Found Medicare covers short-term care for residents in about 15,500 skilled nursing facilities (SNF) after a hospital stay. GAO's analysis of 2019 staffing data found that almost all SNFs frequently met a federal requirement for a registered nurse (RN) on site for 8 hours per day.

Priority Open Recommendations
Department of Defense
GAO-21-522PR
Published: Aug 02, 2021.
Publicly Released: Aug 09, 2021.
What GAO Found In May 2020, GAO identified 81 priority open recommendations for the Department of Defense (DOD). Since then, DOD has implemented 21 of those recommendations, leading to improvements in readiness rebuilding efforts, cybersecurity, and the Navy's force structure, among other areas.

Capitol Attack
Special Event Designations Could Have Been Requested for January 6, 2021, but Not All DHS Guidance is Clear [Reissued with revisions on Aug. 09, 2021.]
GAO-21-105255
Published: Aug 09, 2021.
Publicly Released: Aug 09, 2021.
What GAO Found The Department of Homeland Security (DHS) has specific designations available for planned special events that bolster security-planning processes and coordination between federal, state, and local entities.

IASB

Changes to IASB meetings from September 2021
11 August 2021
Meeting

IRS

IRS: Families now receiving August Child Tax Credit payments; still time for low-income families to sign up 
IR-2021-169, August 13, 2021 — The Internal Revenue Service and the Treasury Department announced today that millions of American families are now receiving their advance Child Tax Credit (CTC) payment for the month of August as direct deposits begin posting in bank accounts and checks arrive in mailboxes.

IRS provides relief for certain employers claiming the Work Opportunity Tax Credit
IR-2021-168, August 10, 2021 — The Internal Revenue Service today announced it is providing transition relief to certain employers claiming the Work Opportunity Tax Credit (WOTC).  

Treasury, IRS provide gross receipts safe harbor for employers claiming the Employee Retention Credit
IR-2021-167, August 10, 2021 — The Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) today issued a safe harbor allowing employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC).

Security Summit warns tax pros to be wary of pandemic-related email schemes
IR-2021-166, August 10, 2021 — In a continuing twist on a common scam, the Internal Revenue Service, state tax agencies and tax industry today warned tax professionals to beware of evolving phishing scams that use various pandemic-related themes to steal client data.

NYS

DFS Announces 2022 Health Insurance Premium Rates, Saving New Yorkers $607 Million
August 13, 2021

SEC

SEC Charges Penny Stock Company, CEO and Others with Multi-Million Dollar Fraud
2021-153., Aug. 16, 2021 —The Securities and Exchange Commission today announced it charged an issuer, its CEO, and six other entities and individuals with participating in a penny stock fraud scheme. The SEC also charged certain of the participants with operating as unregistered dealers, and obtained emergency relief to halt their ongoing conduct.

U.S. Securities and Exchange Commission and the European Central Bank Sign Memorandum of Understanding Regarding Cooperation with Respect to Security-Based Swap Entities
2021-152., Aug. 16, 2021 — The Securities and Exchange Commission and the European Central Bank (ECB) today announced the signing of a Memorandum of Understanding (MOU) to consult, cooperate, and exchange information in connection with the supervision, enforcement, and oversight of certain security-based swap dealers and major security-based swap participants that are registered with the SEC and supervised by the ECB. This is the first MOU between the SEC and ECB.

SEC Obtains Emergency Relief, Charges Two Florida Companies and their Principal Officer with Operating a Ponzi Scheme
2021-151, Aug. 13, 2021 — The Securities and Exchange Commission today announced that it filed an emergency action and obtained a temporary restraining order, an asset freeze, and the appointment of a receiver to stop an alleged Ponzi scheme and misappropriation of investor proceeds perpetrated by Coral Springs, Florida resident Johanna M. Garcia and two entities she controls.

SEC Obtains Court Order to Stop Investment Adviser's Alleged Ongoing Offering Fraud
2021-150, Aug. 13, 2021 — The Securities and Exchange Commission today announced the filing of an emergency action against Martin A. Ruiz of New York, and two entities he controls, Carter Bain Wealth Management, LLC (Carter Bain) and RAM Fund, LP (RAM). Shortly after filing the complaint, the SEC obtained a temporary restraining order and asset freeze against Ruiz, Carter Bain, and RAM to stop an allegedly ongoing fraudulent securities offering through which Ruiz and his entities allegedly misappropriated millions of dollars from investors.

SEC Issues Nearly $6 Million in Whistleblower Awards
2021-149, Aug. 10, 2021 — The Securities and Exchange Commission today announced awards of nearly $6 million to two whistleblowers who provided information and assistance in separate enforcement proceedings.

SEC Charges International Microcap Fraud Scheme Participants
2021-148, Aug. 9, 2021 — The Securities and Exchange Commission today announced an emergency action charging nine individuals, including a public company chairman, for their participation in long-running fraudulent schemes that collectively generated hundreds of millions of dollars from unlawful stock sales and caused significant harm to retail investors in the United States and around the world. The SEC has obtained emergency relief in court, including an order to freeze the defendants’ assets.