CBO 

Blog Post
A Tribute to Allen Schick
November 15, 2019
CBO Director Phill Swagel attended an event at the University of Maryland honoring Professor Allen Schick, who is retiring after teaching there for many years, and spoke about the conflicts that have arisen in federal budgeting, the important nonpartisan role that CBO plays, and the fiscal challenges facing our nation.

Cost Estimate
H.R. 1132, San Francisco Bay Restoration Act
November 14, 2019
As ordered reported by the House Committee on Transportation and Infrastructure on September 19, 2019

Cost Estimate
H.R. 2247, PUGET SOS Act
November 14, 2019
As ordered reported by the House Committee on Transportation and Infrastructure on September 19, 2019

Cost Estimate
H.R. 4300, Fostering Stable Housing Opportunities Act of 2019
November 14, 2019
As provided to CBO on October 25, 2019 (G:\M\16\SUSPENSION\H4300_SUS.XML)

Cost Estimate
H.R. 554, Saudi Educational Transparency and Reform Act of 2019
November 14, 2019
As ordered reported by the House Committee on Foreign Affairs on October 30, 2019

Presentation
An Overview of the Budget and Economic Outlook From 2019 to 2029
November 13, 2019
Presentation by Christina Hawley Anthony, Chief of the Projections Unit in CBO’s Budget Analysis Division, and Robert Arnold, Chief of the Projections Unit in CBO’s Macroeconomic Analysis Division, to the American Association for Budget and Program Analysis.

Cost Estimate
H.R. 1771, Divided Families Reunification Act
November 13, 2019
As ordered reported by the House Committee on Foreign Affairs on October 30, 2019

Cost Estimate
H.R. 2881, Secure 5G and Beyond Act of 2019
November 13, 2019
As ordered reported by the House Committee on Foreign Affairs on October 30, 2019

Presentation
CBO’s 10-Year Budget and Economic Projections
November 12, 2019
Presentation by Jeffrey F. Werling, CBO’s Assistant Director for Macroeconomic Analysis, at a conference organized by the Foundation for Teaching Economics.

Cost Estimate
H.R. 4625, Protect the GI Bill Act
November 12, 2019
As Posted to the Website of the House Majority Leader, dated November 8, 2019

Cost Estimate
S. 2132, Promoting Security and Justice for Victims of Terrorism Act of 2019
November 12, 2019
As reported by the Senate Committee on the Judiciary on October 21, 2019

Cost Estimate
S. 2302, America’s Transportation Infrastructure Act of 2019
November 12, 2019
As reported by the Senate Committee on Environment and Public Works on August 1, 2019

FASB

FASB Delays Certain Effective Dates for Credit Losses, Leases, Hedging, and Long-Duration Insurance Standards  [11/15/19] 
News Release
ASU 2019-09
ASU 2019-10

Emerging Issues Task Force  [11/14/19]
November 7, 2019 Meeting Recap

FASB Outlook E-Newsletter Fall/Winter 2019  [11/14/19]
Newsletter

FASB Approves Finalization of Guidance to Assist in Transition Away from Interbank Offered Rates to New Reference Rates  [11/13/19]
News Release

FASB Proposes Clarifications to Certain Areas of the Derivatives and Hedging Standard  [11/12/19]
News Release
Exposure Document
FASB In Focus

GAO

Telecommunications:
FCC Should Take Additional Action to Manage Fraud Risks in Its Program to Support Broadband Service in High-Cost Areas
GAO-20-27: Published: Oct 23, 2019. Publicly Released: Nov 18, 2019.

Superfund:
EPA Should Take Additional Actions to Manage Risks from Climate Change
GAO-20-73: Published: Oct 18, 2019. Publicly Released: Oct 18, 2019.

Financial Audit:
Bureau of Consumer Financial Protection’s FY 2019 and FY 2018 Financial Statements
GAO-20-192R: Published: Nov 15, 2019. Publicly Released: Nov 15, 2019.

Financial Audit:
Securities and Exchange Commission’s FY 2019 and FY 2018 Financial Statements
GAO-20-204R: Published: Nov 15, 2019. Publicly Released: Nov 15, 2019.

Certificated Expenditures:
Executive Office of the President FY 2018 Certificated Expenditures Were Spent for Authorized Purposes
GAO-20-139R: Published: Nov 14, 2019. Publicly Released: Nov 14, 2019.

Information Security:
VA and Other Federal Agencies Need to Address Significant Challenges
GAO-20-256T: Published: Nov 14, 2019. Publicly Released: Nov 14, 2019.

Navy Readiness:
Actions Needed to Evaluate the Effectiveness of Changes to Surface Warfare Officer Training
GAO-20-154: Published: Nov 14, 2019. Publicly Released: Nov 14, 2019.

Nursing Homes:
Better Oversight Needed to Protect Residents from Abuse
GAO-20-259T: Published: Nov 14, 2019. Publicly Released: Nov 14, 2019.

Medicare Hospice Care:
Opportunities Exist to Strengthen CMS Oversight of Hospice Providers
GAO-20-10: Published: Oct 18, 2019. Publicly Released: Nov 14, 2019.

Generic Drug Development:
Stakeholders' Views of Risk Evaluation and Mitigation Strategies Differ
GAO-20-94: Published: Oct 15, 2019. Publicly Released: Nov 14, 2019.

Emergency Transportation Relief:
Federal Transit Administration and FEMA Took Actions to Coordinate, but Steps Are Needed to Address Risk of Duplicate Funding
GAO-20-85: Published: Nov 13, 2019. Publicly Released: Nov 13, 2019.

F-35 Aircraft Sustainment:
DOD Faces Challenges in Sustaining a Growing Fleet
GAO-20-234T: Published: Nov 13, 2019. Publicly Released: Nov 13, 2019.

Irrigated Agriculture:
Technologies, Practices, and Implications for Water Scarcity
GAO-20-128SP: Published: Nov 12, 2019. Publicly Released: Nov 12, 2019.

Childhood Obesity Research Demonstration:
Efforts to Identify Effective Strategies for Low-Income Children
GAO-20-30: Published: Oct 11, 2019. Publicly Released: Nov 12, 2019.

Medicaid Providers:
CMS Oversight Should Ensure State Implementation of Screening and Enrollment Requirements
GAO-20-8: Published: Oct 10, 2019. Publicly Released: Nov 12, 2019.

IASB

12 November 2019
Join the IFRS Interpretations Committee

IRS

IRS: Eligible employees can use tax-free dollars for medical expenses
IR-2019-184, November 15, 2019 — With health care open season now under way at many workplaces, the Internal Revenue Service today reminded workers they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans.

IRS updates guidance for deductible business, charitable, medical and moving expenses
IR-2019-183, November 14, 2019 — The Internal Revenue Service today issued guidance for taxpayers with certain deductible expenses to reflect changes resulting from the Tax Cuts and Jobs Act (TCJA).

IRS increases enforcement action on Syndicated Conservation Easements
IR-2019-182, November 12, 2019 — The IRS announced today a significant increase in enforcement actions for syndicated conservation easement transactions, a priority compliance area for the agency.

NYS Dept. of Taxation and Finance

U.S. Attorney Announces The Arrest Of Five Individuals In Scheme To Steal Thousands Of Checks From New York City Human Resources Administration
November 14, 2019​

SEC

SEC Awards Over $260,000 to Whistleblowers for Their Help in Spotting Securities Fraud
2019-238, Nov. 15, 2019 —The Securities and Exchange Commission today announced an award to three individuals who jointly submitted a tip alerting the agency to a well-concealed fraud targeting retail investors.  The information led to a successful enforcement action.  The whistleblowers, who were themselves harmed investors, will collectively receive a payment of over $260,000 based on current collections.

Marie-Louise Huth Named Chief Counsel in Division of Economic and Risk Analysis
2019-237, Nov. 13, 2019 — The Securities and Exchange Commission today named Marie-Louise (Malou) Huth as Chief Counsel for the Division of Economic and Risk Analysis (DERA).   Ms. Huth will lead DERA’s Office of the Chief Counsel, which provides guidance to the Chief Economist and other staff regarding legal issues implicated by the Division’s broad mandate. As Chief Counsel, Ms. Huth will be responsible for collaborating with staff from across the Commission on matters related to the integration of the DERA’s economic analyses into Commission rulemakings and other Commission actions.  Ms. Huth will also provide guidance on a variety of mission-related legal and policy matters involving risk assessment, data analytics, and structured disclosure.

SEC Wins Jury Trial in Layering, Manipulative Trading Case
2019-236, Nov. 12, 2019 —Today, jurors in New York federal court returned a verdict in the Securities and Exchange Commission's favor against a trading firm headquartered in Kiev, Ukraine, and two individuals for their roles in an unlawful trading scheme that generated more than $25 million in illicit profit.