CBO 

Presentation
Funding Implications of Impending Retirements of Air Force Aircraft
July 1, 2019
On Saturday, June 29, Adebayo Adedeji, an analyst in CBO’s National Security Division, presented at the Annual Conference of the Western Economic Association International.

Cost Estimate
S. 1689, a bill to permit States to transfer certain funds from the clean water revolving fund of a State to the drinking water revolving fund of the State in certain circumstances, and for other purposes
June 28, 2019
As reported by the Senate Committee on Environment and Public Works on June 19, 2019

Cost Estimate
H.R. 3141, FHA Loan Affordability Act of 2019
June 28, 2019
As ordered reported by the House Committee on Financial Services on June 11, 2019

Cost Estimate
S. 1388, Supply Chain Counterintelligence Training Act of 2019
June 28, 2019
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 15, 2019

Cost Estimate
H.R. 1088, First Infantry Recognition of Sacrifice in Theater Act
June 28, 2019
As ordered reported by the House Committee on Natural Resources on June 19, 2019

Cost Estimate
H.R. 1632, Southeast Asia Strategy Act
June 28, 2019
As ordered reported by the House Committee on Foreign Affairs on June 20, 2019

Cost Estimate
H.R. 2427, Chesapeake Bay Gateways and Watertrails Network Reauthorization Act of 2019
June 28, 2019
As ordered reported by the House Committee on Natural Resources on June 19, 2019

Cost Estimate
H.R. 549, Venezuela TPS Act of 2019
June 27, 2019
As ordered reported by the House Committee on the Judiciary on May 22, 2019

Report
Federal Investment, 1962 to 2018
June 27, 2019
In 2018, the federal government spent $492 billion on investment—for physical capital, education and training, and research and development—which represented 12 percent of federal spending and 2 percent of GDP.

Cost Estimate
H.R. 2345, Clarifying the Small Business Runway Extension Act
June 26, 2019
As reported by the House Committee on Small Business on June 13, 2019

Cost Estimate
H.R. 2368, Supporting and Treating Officers in Crisis Act of 2019
June 26, 2019
As ordered reported by the House Committee on the Judiciary on June 12, 2019

Cost Estimate
H.R. 1986, Effective Prosecution of Possession of Biological Toxins and Agents Act of 2019
June 26, 2019
As ordered reported by the House Committee on the Judiciary on June 12, 2019

Cost Estimate
H.R. 2500, National Defense Authorization Act for Fiscal Year 2020
June 26, 2019
As reported by the House Committee on Armed Services on June 19, 2019

Cost Estimate
H.R. 3298, Child Care Quality and Access Act of 2019
June 26, 2019
As ordered reported by the House Committee on Ways and Means on June 20, 2019

Cost Estimate
H.R. 2722, SAFE Act
June 25, 2019
As ordered reported by the House Committee on House Administration on June 21, 2019

Cost Estimate
H.R. 3299, Promoting Respect for Individuals’ Dignity and Equality Act of 2019
June 25, 2019
As ordered reported by the House Committee on Ways and Means on June 20, 2019

Cost Estimate
H.R. 3196, Vera Rubin Survey Telescope Designation Act,
June 25, 2019
As ordered reported by the House Committee on Science, Space, and Technology on June 20, 2019

Cost Estimate
H.R. 3153, EFFORT Act
June 25, 2019
As ordered reported by the House Committee on Science, Space, and Technology on June 20, 2019

Cost Estimate
H.R. 553, Military Surviving Spouses Equity Act
June 25, 2019
As introduced in the House of Representatives on January 15, 2019

Presentation
How Income Growth Affects Tax Revenues in CBO’s Long-Term Budget Projections
June 25, 2019
CBO projects that federal revenues will increase by 3 percent of GDP over the next 30 years. Real bracket creep—when people’s income rises faster than the tax brackets and other elements of the tax system—accounts for about half of that increase.

Report
The 2019 Long-Term Budget Outlook
June 25, 2019
If current laws generally remained unchanged, large budget deficits would boost federal debt to unprecedented levels over the next 30 years, CBO projects.

Cost Estimate
H.R. 2113, Prescription Drug STAR Act
June 24, 2019
As ordered reported by the House Committee on Ways and Means on April 9, 2019

Cost Estimate
H.R. 3401, Emergency Supplemental Appropriations for Humanitarian Assistance and Security at the Southern Border Act, 2019
June 24, 2019
As posted on the website of the House Committee on Rules

Presentation
HISIM2—CBO’s New Health Insurance Simulation Model
June 24, 2019
Presentation by Geena Kim and Sean Lyons, analysts in CBO’s Health, Retirement, and Long-Term Analysis Division, at the 8th Annual Conference of the American Society of Health Economists.

FASB

FASB Proposes Narrow-Scope Improvements to Credit Losses Standard  [06/27/19]
Media Advisory
Exposure Document

Financial Accounting Standards Advisory Council  [06/26/19]
June 20, 2019 Meeting Recap

FASB Seeks Public Company Input on Segment Reporting  [06/25/19]
Media Advisory
Study Registration

GAO

Defense Business Transformation:
Cross-Enterprise Activities of Selected DOD Inspector General Offices
GAO-19-559R: Published: Jun 28, 2019. Publicly Released: Jun 28, 2019.

2017 Disaster Relief Oversight:
Strategy Needed to Ensure Agencies’ Internal Control Plans Provide Sufficient Information
GAO-19-479: Published: Jun 28, 2019. Publicly Released: Jun 28, 2019.

U.S. Territories:
Public Debt Outlook – 2019 Update
GAO-19-525: Published: Jun 28, 2019. Publicly Released: Jun 28, 2019.

Contract Financing:
DOD Should Comprehensively Assess How Its Policies Affect the Defense Industry
GAO-19-406: Published: Jun 27, 2019. Publicly Released: Jun 27, 2019.

Military Personnel:
Factors Affecting Approval Time for Officer Appointments
GAO-19-527R: Published: Jun 27, 2019. Publicly Released: Jun 27, 2019.

Voter Registration:
Information on Federal Enforcement Efforts and State and Local List Management
GAO-19-485: Published: Jun 27, 2019. Publicly Released: Jun 27, 2019.

Biodefense:
The Nation Faces Long-Standing Challenges Related to Defending Against Biological Threats
GAO-19-635T: Published: Jun 26, 2019. Publicly Released: Jun 26, 2019.

Coast Guard:
Stakeholders' Views on Issues and Options for Managing the Great Lakes Pilotage Program
GAO-19-493: Published: Jun 26, 2019. Publicly Released: Jun 26, 2019.

Information Technology:
Implementation of GAO Recommendations Would Strengthen Federal Agencies' Acquisitions, Operations, and Cybersecurity Efforts
GAO-19-641T: Published: Jun 26, 2019. Publicly Released: Jun 26, 2019.

Northern Border Security:
CBP Identified Resource Challenges but Needs Performance Measures to Assess Security Between Ports of Entry
GAO-19-470: Published: Jun 26, 2019. Publicly Released: Jun 26, 2019.

The Nation's Fiscal Health:
Actions Needed to Achieve Long-Term Fiscal Sustainability
GAO-19-611T: Published: Jun 26, 2019. Publicly Released: Jun 26, 2019.

Aviation Security:
TSA Has Taken Steps to Conduct More Risk-Informed Covert Tests and Address Vulnerabilities
GAO-19-633T: Published: Jun 25, 2019. Publicly Released: Jun 25, 2019.

Emergency Management:
FEMA Has Made Progress, but Challenges and Future Risks Highlight Imperative for Further Improvements
GAO-19-617T: Published: Jun 25, 2019. Publicly Released: Jun 25, 2019.

Information on DOT's Oversight of and Stakeholders' Perspectives on Foreign Ownership HHS Could Help Rural Service Providers by Centralizing Information on Promising Practices

GASB

GASB Proposes Guidance on Internal Revenue Code Section 457 Deferred Compensation Plans  [06/28/19]
Media Advisory 
Exposure Draft

IASB

27 June 2019
June IASB podcast now available

27 June 2019
Join the IFRS Foundation—Customer Services Representative

26 June 2019
IASB consults on amendments to aid implementation of IFRS 17

IRS 

IRS Nationwide Tax Forum in Chicago: Tax pros can get up-to-date info on cybersecurity, ethics, plus hear from IRS commissioner
IR-2019-121, July 1, 2019 — Tax professionals interested in attending the IRS Nationwide Tax Forum in Chicago, July 23-25, to learn cutting-edge information on tax reform, cybersecurity and more can save by registering now. IRS Commissioner Chuck Rettig will be the keynote speaker.

IRS issues guidance on the tax on the net investment income of certain private colleges and universities
IR-2019-120, June 28, 2019 — The Internal Revenue Service today issued proposed regulations for the new 1.4 percent excise tax on the net investment income of certain private colleges and universities.

NYS Dept. of Taxation and Finance

Investigators Seize More than 200 Cartons of Untaxed Cigarettes Shipped Through Mail
June 28, 2019​

Grand Island Business Owner Pleads Guilty to Criminal Tax Fraud
June 26, 2019​

Buffalo man charged with possessing nearly 8,300 untaxed cigars
June 25, 2019​

SEC

State Street Settles SEC Charges for Adding Undisclosed Markups on Client Expenses
Washington D.C., June 27, 2019 — The Securities and Exchange Commission today announced that State Street Bank and Trust Company has agreed to pay over $88 million to settle charges for overcharging mutual funds and other registered investment company clients for expenses related to the firm's custody of client assets. The overcharges included a secret markup that State Street tacked on to the cost of sending secured financial messages through the Society of Worldwide Interbank Financial Telecommunication (SWIFT) network.

SEC Charges New Defendant in $43 Million Tribal Bonds Scheme
Washington D.C., June 26, 2019 —The Securities and Exchange Commission today charged a Los Angeles man for his role in a fraudulent scheme to gain undisclosed control over two registered investment advisers so that he, his partner, and their associates could steal $43 million of client funds they purported to invest in Native American tribal bonds.

Chairman Clayton Highlights New Members of Executive Staff
Washington D.C., June 26, 2019 — The Securities and Exchange Commission today released a full roster of the executive staff of Chairman Jay Clayton, including several individuals who have recently joined the office.

Joint Statement on Opportunistic Strategies in the Credit Derivatives Market
Washington D.C., June 24, 2019 — U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton, U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo, and U.K. Financial Conduct Authority (FCA) Chief Executive Andrew Bailey issued the following joint statement regarding the credit derivatives markets: “The continued pursuit of various opportunistic strategies in the credit derivatives markets, including but not limited to those that have been referred to as ‘manufactured credit events,’ may adversely affect the integrity, confidence and reputation of the credit derivatives markets, as well as markets more generally.  These opportunistic strategies raise various issues under securities, derivatives, conduct and antifraud laws, as well as public policy concerns.”