Trusted Professional

Regulatory Roundup: April 23-29

CBO
H.R. 2116, Global Fragility Act

April 25, 2019
As ordered reported by the House Committee on Foreign Affairs on April 9, 2019

Cost Estimate
H.R. 1386, ENROLL Act of 2019
April 25, 2019
As ordered reported by the House Committee on Energy and Commerce on April 3, 2019

Cost Estimate
H.R. 986, Protecting Americans with Preexisting Conditions Act of 2019
April 25, 2019
As ordered reported by the House Committee on Energy and Commerce on April 3, 2019

Report
Report on the Troubled Asset Relief Program—April 2019
April 25, 2019
CBO estimates that the net cost of the TARP will total $31 billion—$1 billion less than it estimated in March 2018 because of a decrease in projected disbursements for mortgage programs. Almost all of the TARP’s transactions have been completed.

Cost Estimate
H.R. 2157, Supplemental Appropriations Act, 2019
April 24, 2019
As introduced on April 9, 2019

Blog Post
CBO Releases an Interactive Tool for Analyzing the Effects of Certain Social Security Policies
April 24, 2019
This interactive tool lets users select different combinations of policies and see the effect on the finances of the Social Security system, as well as the impact on different groups of people.

Interactive
How Changing Social Security Could Affect Beneficiaries and the System's Finances
April 24, 2019
This interactive tool lets the user explore seven policy options that could be used to improve the finances of the Social Security program and delay the exhaustion of its trust funds.

Cost Estimate
H.R. 1004, Prohibiting Unauthorized Military Action in Venezuela Act
April 23, 2019
As ordered reported by the House Committee on Foreign Affairs on April 9, 2019

Cost Estimate
H.R. 1589, CBRN Intelligence and Information Sharing Act of 2019
April 23, 2019
As passed by the House of Representatives on April 1, 2019

Cost Estimate
H.R. 526, Cambodia Democracy Act of 2019
April 23, 2019
As ordered reported by the House Committee on Foreign Affairs on April 9, 2019

Cost Estimate
H.R. 1589, CBRN Intelligence and Information Sharing Act of 2019
April 23, 2019
As passed by the House of Representatives on April 1, 2019

Cost Estimate
H.R. 526, Cambodia Democracy Act of 2019
April 23, 2019
As ordered reported by the House Committee on Foreign Affairs on April 9, 2019

Cost Estimate
S. 772, SBA Cyber Awareness Act
April 23, 2019
As reported by the Senate Committee on Small Business and Entrepreneurship on April 1, 2019 Cost Estimate

H.R. 1593, CLASS Act of 2019
April 23, 2019
As passed by the House of Representatives on April 1, 2019

H.R. 8, Bipartisan Background Checks Act of 2019

April 23, 2019
This estimate supersedes the estimate for H.R. 8 that was transmitted on March 11, 2019.

Presentation
The 2019 Budget and Economic Outlook
April 22, 2019
Presentation by Keith Hall, CBO Director, at the University of Oregon's Lundquist College of Business, College of Arts and Sciences, and Wayne Morse Center for Law and Politics.

Cost Estimate
S. 375, Payment Integrity Information Act of 2019
April 22, 2019
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on February 13, 2019

Cost Estimate
H.R. 582, Raise the Wage Act
April 22, 2019
As ordered reported by the House Committee on Education and Labor on March 6, 2019

Report
Costs of Submarine Maintenance at Public and Private Shipyards
April 22, 2019
From 1993 to 2017, the Navy conducted 117 maintenance overhauls of attack submarines and sent 29 to private shipyards. Overhauls conducted at private shipyards were 31 percent less expensive, on average, a gap that has narrowed recently.

FAF

Teresa S. Polley to Step Down as President and CEO of Financial Accounting Foundation 4/26/19]
News Release

FASB

FASB Issues Narrow-Scope Improvements to Financial Instruments Standards
News Release 4/25/19
ASU

GAO

Priority Open Recommendations:
Department of Homeland Security
GAO-19-360SP: Published: Apr. 19, 2019 Publicly Released: Apr. 26, 2019

Priority Open Recommendations:
Environmental Protection Agency
GAO-19-308SP: Published: Apr. 19, 2019 Publicly Released: Apr. 26, 2019

F-35 Aircraft Sustainment:
DOD Needs to Address Substantial Supply Chain Challenges
GAO-19-321: Published: Apr. 25, 2019 Publicly Released: Apr. 25, 2019

2017 Disaster Contracting:
Actions Needed to Improve the Use of Post-Disaster Contracts to Support Response and Recovery
GAO-19-281: Published: Apr. 24, 2019 Publicly Released: Apr. 24, 2019

Special Education:
Varied State Criteria May Contribute to Differences in Percentages of Children Served
GAO-19-348: Published: Apr. 11, 2019 Publicly Released: Apr. 24, 2019

VA and Indian Health Service:
Actions Needed to Strengthen Oversight and Coordination of Health Care for American Indian and Alaska Native Veterans
GAO-19-291: Published: Mar. 21, 2019 Publicly Released: Apr. 22, 2019

IASB
IRS Done with taxes this year? Use 2018 return to get 2019 withholding right
IR-2019-80, April 26, 2019 — Millions of taxpayers filed a 2018 tax return in the last few weeks, making now a prime time for everyone to consider whether their tax situation came out as they expected.
IRS announces new personnel selection for Office of Chief Counsel
IR-2019-79, April 25, 2019 — The Internal Revenue Service’s Chief Counsel today announced the appointment of Peter Blessing to the position of Associate Chief Counsel, International, Office of Chief Counsel.
IRS seeks applications for the Electronic Tax Administration Advisory Committee through May 29
IR-2019-78, April 25, 2019 — The IRS is seeking qualified applicants for nomination to the Electronic Tax Administration Advisory Committee (ETAAC).

NYS Dept. of Taxation and Finance

Governor Cuomo and Legislative Leaders Announce 2020 Enacted Budget Includes Measures to Crack Down on STAR Program Fraud
April 23, 2019

SEC

SEC Announces Members of Small Business Capital Formation Advisory Committee
Washington D.C., April 25, 2019 —The Securities and Exchange Commission today announced the inaugural members of the Small Business Capital Formation Advisory Committee. The Committee will hold its first meeting on Monday, May 6, 2019, at the SEC’s headquarters in Washington, D.C.

SEC Charges Truckload Freight Company With Accounting Fraud
Washington D.C., April 25, 2019 —The Securities and Exchange Commission today charged Indianapolis-based Celadon Group Inc. with an accounting fraud that allowed the truckload freight company to avoid disclosing substantial losses and misrepresent its financial condition.

SEC Staff Announces Agenda for May 31 FinTech Forum
Washington D.C., April 24, 2019 —The Securities and Exchange Commission today announced the agenda for the forum that its staff is hosting on May 31 to discuss distributed ledger technology and digital assets.The 2019 FinTech Forum, which will be hosted by the SEC's Strategic Hub for Innovation and Financial Technology (FinHub), will begin at 9:30 a.m. ET, and will feature four panels. The FinTech Forum will be held at the SEC's headquarters in Washington, D.C., and is open to the public on a first-come, first-serve basis. While the forum will begin at 9:30 a.m. ET, doors will open at 8 a.m. ET. Guests attending should bring photo identification and are encouraged to time their arrival with the understanding that they will be screened by security before entering the FinTech Forum. No registration is required to attend the event. A live webcast will be available on the SEC's main website and will be archived on the FinHub page on the SEC website for later viewing. The public is encouraged to follow the SEC on Twitter at @SEC_News for live updates throughout the forum. The FinTech Forum hashtag is #SECfintech.

TIGTA

April 24, 2019
Electronic Authentication Security Controls Have Improved, but Continued Progress Is Needed to Ensure the Protection of Public-Facing Applications [PDF]
Highlights

April 19, 2019
Electronic Authentication Security Controls Have Improved, but Continued Progress Is Needed to Ensure the Protection of Public-Facing Applications [PDF]
Highlights