Regulatory Roundup: October 1-7
AICPA
Sep 30, 2024
CBO
As reported by the Senate Committee on Energy and Natural Resources on December 12, 2023
Cost Estimate
H.R. 1823, an act to designate the facility of the United States Postal Service located at 207 East Fort Dade Avenue in Brooksville, Florida, as the “Specialist Justin Dean Coleman Memorial Post Office Building
September 27, 2024
As reported by the Senate Committee on Homeland Security and Governmental Affairs on September 25, 2024
Cost Estimate
H.R. 3354, an act to designate the facility of the United States Postal Service located at 220 North Hatcher Avenue in Purcellville, Virginia, as the “Secretary of State Madeleine Albright Post Office Building
September 27, 2024
As reported by the Senate Committee on Homeland Security and Governmental Affairs on September 25, 2024
Cost Estimate
H.R. 4403, Securing the Cities Improvement Act
September 27, 2024
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on September 18, 2024
Cost Estimate
H.R. 5799, the James R. Dominguez Memorial Act of 2023
September 27, 2024
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on September 25, 2024
Cost Estimate
H.R. 6810, an act to designate the facility of the United States Postal Service located at 518 North Ridgewood Drive in Sebring, Florida, as the “U.S. Army Air Corps Major Thomas B. McGuire Post Office Building
September 27, 2024
As reported by the Senate Committee on Homeland Security and Governmental Affairs on September 25, 2024
Cost Estimate
H.R. 6983, an act to designate the facility of the United States Postal Service located at 15 South Valdosta Road in Lakeland, Georgia, as the “Nell Patten Roquemore Post Office
September 27, 2024
As reported by the Senate Committee on Homeland Security and Governmental Affairs on September 25, 2024
Cost Estimate
H.R. 7180, an act to designate the facility of the United States Postal Service located at 80 1st Street in Kingsland, Arkansas, as the “Kingsland ‘Johnny Cash’ Post Office
September 27, 2024
As reported by the Senate Committee on Homeland Security and Governmental Affairs on September 25, 2024
Cost Estimate
H.R. 7385, an act to designate the facility of the United States Postal Service located at 29 Franklin Street in Petersburg, Virginia, as the “John Mercer Langston Post Office Building
September 27, 2024
As reported by the Senate Committee on Homeland Security and Governmental Affairs on September 25, 2024
Cost Estimate
H.R. 7417, an act to designate the facility of the United States Postal Service located at 135 West Spring Street in Titusville, Pennsylvania, as the “Edwin L. Drake Post Office Building
September 27, 2024
As reported by the Senate Committee on Homeland Security and Governmental Affairs on September 25, 2024
Cost Estimate
H.R. 7606, an act to designate the facility of the United States Postal Service located at 1087 Route 47 South in Rio Grande, New Jersey, as the “Carlton H. Hand Post Office Building
September 27, 2024
As reported by the Senate Committee on Homeland Security and Governmental Affairs on September 25, 202
Not-for-Profit Advisory Committee Meeting Recap—September 10, 2024
October 4, 2024
September 30, 2024
GAO
Conflict Minerals:
Peace and Security in Democratic Republic of the Congo Have Not Improved with SEC Disclosure Rule
GAO-25-107018
Published: . Publicly Released: .
The trade of gold, tantalum, tin, and tungsten helps finance violent conflict in the eastern region of the Democratic Republic of the Congo. To reduce revenue to armed groups profiting from this trade, Congress directed the Securities and Exchange Commission to require companies using these conflict minerals to disclose their origins. SEC's rule requiring the disclosures hasn't reduced violence. Armed groups continue to fight for
This Q&A report provides publicly available information on incarcerations of noncitizens in the U.S. while we continue ongoing work on related topics. For example: Federal agencies don't collect citizenship information for all people in state and local facilities, where about 90% of incarcerated people are held The number of noncitizens incarcerated by the Bureau of Prisons at the end of 2022 was 33% less than...
In terrorists' hands, even small amounts of radioactive material could be used to make a dirty bomb. Over the past decade, we've made 18 recommendations to the Nuclear Regulatory Commission that would strengthen its security requirements for these materials. But more than half of those recommendations haven't been implemented. We now ask that Congress consider directing NRC to strengthen its requirements. This would include accounting...
The U.S. incarcerates women at the world's highest rate. Women make up 15% of the local jail population and 8-9% of the state prison population. We reviewed maternal health care in the facilities that house women. At the time of incarceration, 4% to 5% of women reported being pregnant. Comprehensive data on these women—including their race or ethnicity—doesn't exist, although the Department of Justice is...
Knowing what hospitals charge for services, like knee surgeries, could help promote competition and lower prices. In 2021, the Centers for Medicare & Medicaid Services started requiring hospitals to put prices online. In 2024, the agency updated requirements to make price data easier to access and compare across hospitals. If hospitals don't report all required data, the agency follows up to get it. But health...
The Navy plans to spend $130 billion to acquire 12 Columbia class nuclear-powered ballistic missile submarines. Timely delivery of these submarines is critical for the nation's nuclear deterrence. But the first submarine is estimated to be delivered over a year late and cost hundreds of millions of dollars more than planned. Design and construction challenges persist despite longstanding efforts to address them. With difficult construction..
Small Business Research Programs:
Agencies Broadly Solicit Ideas, but Clearer Guidance Could Improve DOD Efforts
GAO-24-107036
Published: . Publicly Released: .
Federal agencies can help fund small businesses' technology research and development. This report—the second in a series—looks at how often agencies award funds under "open topics." Awarding funds this way allows businesses to define problems and pitch innovative solutions within broad topic areas rather than soliciting only solutions to predefined problems. This can attract more diverse applicants and promote competition. We also looked DOD's use...
IASB
October 2024 Trustees of the IFRS Foundation agenda and meeting papers now available
Meeting
7 Oct 2024
3 Oct 2024
2 Oct 2024
30 Sep 2024
IRS
IR-2024-258, Oct. 3, 2024 — The Internal Revenue Service announced today that Direct File will be available for the 2025 tax filing season in double the number of states than last year’s pilot, and it will cover a wider range of tax situations, greatly expanding the number of taxpayers eligible to use the free e-filing service.
IR-2024-257, Oct. 3, 2024 — The Department of the Treasury and the Internal Revenue Service today issued guidance addressing long-term, part-time employees in 403(b) retirement plans under the SECURE 2.0 Act, which applies to 403(b) plans beginning in 2025.
IR-2024-256, Oct. 3, 2024 — The Internal Revenue Service today announced disaster tax relief for individuals and businesses in the Confederated Tribes and Bands of the Yakama Nation in Washington state affected by wildfires that began on June 22, 2024.
IR-2024-255, Oct. 2, 2024 — As part of efforts to help victims of Hurricane Helene, the Internal Revenue Service is taking special steps to provide more than 500 employees to help with the Federal Emergency Management Agency’s (FEMA) disaster relief call lines and sending IRS Criminal Investigation (IRS-CI) agents into devastated areas to help with search and rescue efforts and other relief work.
IR-2024-254, Oct. 1, 2024 — In response to disruptions resulting from Hurricane Helene, the Internal Revenue Service will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 parts-per-million is sold for use or used on the highway throughout Alabama, Georgia, North Carolina, and South Carolina and in the following counties in Florida, Tennessee and Virginia.
IR-2024-253, Oct. 1, 2024 — The Internal Revenue Service today announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina and South Carolina and parts of Florida, Tennessee and Virginia.
IR-2024-252, Oct. 1, 2024 — The Internal Revenue Service announced today that due to recent terrorist attacks in Israel, the agency is providing additional tax relief to affected individuals and businesses, postponing until Sept. 30, 2025, a wide range of deadlines for filing federal returns, making tax payments and performing other time-sensitive tax-related actions.
IR-2024-248, Sept. 30, 2024 — The Internal Revenue Service today issued guidance providing tax relief for farmers and ranchers in applicable regions forced to sell or exchange livestock because of drought conditions.
NYC
September 30, 2024
NYS
October 03, 2024
SEC
SEC Encourages Investors to Choose Their Information Sources Wisely During World Investor Week
2024-163
Washington D.C., Oct. 7, 2024 —The Securities and Exchange Commission today announced it will encourage investors to choose their information sources wisely during World Investor Week (WIW) 2024, which takes place Oct. 7-13. Whether investors are researching an investment professional or deciding which investments help them meet their financial goals, it’s important for them to get their information from unbiased and trusted sources.
Washington D.C., Oct. 2, 2024 — The Securities and Exchange Commission today announced that Gurbir S. Grewal, Director of the Division of Enforcement, will depart the agency, effective Oct. 11, 2024. Upon Mr. Grewal’s departure, Sanjay Wadhwa, the Division’s Deputy Director, will serve as Acting Director, and Sam Waldon, the Division’s Chief Counsel, will serve as Acting Deputy Director.
Washington D.C., Sept. 30, 2024 — The Securities and Exchange Commission today announced settled charges against James R. Craigie, a former CEO, Chairman, and board member of Church & Dwight Co. Inc., for violating proxy disclosure rules by standing for election as an independent director without informing the board of his close personal friendship with a high-ranking Church & Dwight executive thereby causing Church & Dwight’s proxy statements to contain materially misleading statements. Without admitting or denying the SEC’s allegations, Craigie agreed to resolve the SEC’s charges. If the settlement is approved, Craigie will be subject to a five-year officer-and-director bar.
Washington D.C., Sept. 30, 2024 — The Securities and Exchange Commission today announced charges against registered broker-dealer TD Securities (USA) LLC for manipulating the U.S. Treasury cash securities market through an illicit trading strategy known as spoofing. The bank was also charged for failing to supervise the then-head of its U.S. Treasuries trading desk, who allegedly made hundreds of illegal trades over a 13-month period.
Washington D.C., Sept. 30, 2024 — The Securities and Exchange Commission today charged John LoPinto, Robert Wilkos, and Laren Pisciotti for their roles in a fraudulent scheme involving investments in pre-IPO private companies. The SEC also charged several companies owned and/or controlled by the defendants: the Pre IPO Marketplace Inc.; Keyport Venture Partners LLC; Keyport Venture Management LLC; and Keyport Venture Advisors LLC, which were jointly owned and/or controlled by LoPinto and Wilkos; and Principal Pre-IPO Consulting Group LLC and GlobalX VC LLC, which were owned or controlled by Pisciotti.
Washington D.C., Sept. 30, 2024 — The Securities and Exchange Commission today announced settled charges against registered investment adviser Marathon Asset Management LP for failing to establish, maintain, and enforce written policies and procedures reasonably designed to prevent the misuse of material nonpublic information relating to its participation on ad hoc creditors’ committees.
TIGTA
September 30, 2024