AICPA

Press Release
Remote Operations Broaden Appeal as Enduring Workplace Option, AICPA Survey Finds
Companies are planning on retaining remote work options to a greater degree than they did pre-pandemic once workplace restrictions ease, the third-quarter AICPA Economic Outlook Survey found.
September 24, 2020

Press Release
AICPA, CPA.com, and Biz2Credit Launch New Platform for Small Business Funding
The AICPA, CPA.com and Biz2Credit today launched CPALoanPortal.com, which will help CPAs manage Paycheck Protection Program loan forgiveness applications and identify other financing for clients
September 22, 2020

CBO

Report
CBO’s Estimates of Enrollment in Short-Term, Limited-Duration Insurance
September 25, 2020
CBO responds to a request that it reexamine its estimates of short-term, limited-duration insurance.
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Presentation
Estimating the Federal Budgetary Effects of Pandemic-Related Legislation
September 25, 2020
Presentation by Theresa Gullo, CBO’s Director of Budget Analysis, at the Association for Budgeting and Financial Management’s 2020 Virtual Symposium.

Presentation
An Overview of The 2020 Long-Term Budget Outlook
September 24, 2020
Presentation by Phill Swagel, CBO’s Director, at the Economic Policy Summit 2020.

Cost Estimate
H.R. 5811, TSA Personnel Workplace Improvement Act of 2020
September 24, 2020
As ordered reported by the House Committee on Homeland Security on February 12, 2020

Cost Estimate
H.R. 5901, Information Technology Modernization Centers of Excellence Program Act
September 24, 2020
As ordered reported by the House Committee on Oversight and Reform on September 16, 2020

Cost Estimate
H.R. 6096, READI Act
September 24, 2020
As ordered reported by the House Committee on Energy and Commerce on July 15, 2020

Cost Estimate
S. 4200, Information Technology Modernization Centers of Excellence Program Act
September 24, 2020
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 22, 2020

Cost Estimate
CBO’s Estimate for H.R. 8337, The Continuing Appropriations Act, 2021 and Other Extensions Act
September 23, 2020
As passed by the House of Representatives on September 22, 2020

Cost Estimate
CBO’s Estimate of the Statutory Pay-As-You-Go Effects of Rules Committee Print 116-63, H.R. 4447, The Clean Economy Jobs and Innovation Act, Including Manager’s Amendment (Pallone 170)
September 23, 2020
As reported by the Committee on Rules on September 21, 2020

Cost Estimate
H.R. 6334, Securing America From Epidemics Act
September 23, 2020
As ordered reported by the House Committee on Foreign Affairs on July 29, 2020

Cost Estimate
S. 1882, a bill to make available the continued use of Pick-Sloan Missouri Basin Program project use power by the Kinsey Irrigation Company and the Sidney Water Users Irrigation District, and for other purposes
September 23, 2020
As reported by the Senate Committee on Energy and Natural Resources on November 21, 2019

Cost Estimate
S. 4384, K2 Veterans Advocacy Act of 2020
September 23, 2020
As reported by the Senate Committee on Veterans’ Affairs on September 15, 2020

Report
Testimony on CBO's 2020 Long-Term Budget Outlook
September 23, 2020
CBO Director Phillip Swagel testifies before the Senate Budget Committee.

Cost Estimate
CBO’s Estimate of the Statutory Pay-As-You-Go Effects of H.R. 991, The Extension of the Caribbean Basin Recovery Act
September 22, 2020
As submitted to CBO on September 21, 2020
https://docs.house.gov/billsthisweek/20200921/BILLS-116hr991-SUSv1.pdf

Cost Estimate
H.R. 2699, Nuclear Waste Policy Amendments Act of 2019
September 22, 2020
As ordered reported by the House Committee on Energy and Commerce on November 20, 2019

Cost Estimate
H.R. 4225, Relief of Maria Isabel Bueso Barrera, Alberto Bueso Mendoza, and Karla Maria Barrera De Bueso
September 22, 2020
As ordered reported by the House Committee on the Judiciary on September 9, 2020

Cost Estimate
H.R. 5602, Domestic Terrorism Prevention Act of 2020
September 22, 2020
As passed by the House of Representatives on September 21, 2020

Cost Estimate
H.R. 631, Relief of Arpita Kurdekar, Girish Kurdekar, and Vandana Kurdekar
September 22, 2020
As ordered reported by the House Committee on the Judiciary on September 9, 2020

Cost Estimate
H.R. 7146, Relief of Victoria Galindo Lopez
September 22, 2020
As ordered reported by the House Committee on the Judiciary on September 9, 2020

Cost Estimate
H.R. 7572, Relief of Median El-Moustrah
September 22, 2020
As ordered reported by the House Committee on the Judiciary on September 9, 2020

Cost Estimate
S. 3287, CFO Vision Act of 2020
September 22, 2020
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 22, 2020

Cost Estimate
S. 4138, Telework for U.S. Innovation Act
September 22, 2020
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 22, 2020

Cost Estimate
CBO’s Estimate for H.R. 8319, the Continuing Appropriations Act, 2021 and Other Extensions Act
September 21, 2020
As Introduced on September 21, 2020, and Posted on the House Committee on Rules Website (https://rules.house.gov/bill/116/hr-PIH-continuing-appropriations-2021

Cost Estimate
CBO’s Estimate of the Statutory Pay-As-You-Go Effects of H.R. 1923, The Circulating Collectible Coin Redesign Act of 2020
September 21, 2020
As Provided to CBO on September 21, 2020 (file: g:\VHLC\091520\091520.078.xml)

Cost Estimate
CBO’s Estimate of the Statutory Pay-As-You-Go Effects of H.R. 4104, The Negro Leagues Baseball Centennial Commemorative Coin Act
September 21, 2020
As provided to CBO on September 21, 2020 (g:\VHLC\091820\091820.123.xml)

Cost Estimate
CBO’s Estimate of the Statutory Pay-As-You-Go Effects of H.R. 5245, The Stopping Harm and Implementing Enhanced Lead-time for Debt for Veterans Act,
September 21, 2020
As Ordered Reported by the House Committee on Veterans’ Affairs on

Cost Estimate
CBO’s Estimate of the Statutory Pay-As-You-Go Effects of H.R. 5322, The Ensuring Diversity in Community Banking Act of 2019
September 21, 2020
As Posted on the Website of the Clerk of the House on September 20, 2020
https://docs.house.gov/billsthisweek/20200921/BILLS-116hr5322-SUSv2.pdf

Cost Estimate
CBO’s Estimate of the Statutory Pay-As-You-Go Effects of H.R. 7105, The Dependable Employment and Living Improvements for Veterans Economic Recovery Act
September 21, 202
Transmitted by the House Committee on Veterans’ Affairs

Working Paper
CBO’s Projection of the Effect of Climate Change on U.S. Economic Output: Working Paper 2020-06
September 21, 2020
This paper describes how CBO constructed its projection of the effect of climate change on U.S. output, how the projected effect should be interpreted, limitations of the analysis, and the central climate-change scenario that CBO used.

Blog Post
Director’s Statement on The 2020 Long-Term Budget Outlook
September 21, 2020
CBO Director Phill Swagel focuses on the long-term fiscal challenges facing the nation in his statement on CBO’s report The 2020 Long-Term Budget Outlook.

FASB

Not-for-Profit Advisory Committee  [09/22/20]
September 10, 2020 Meeting Recap

GAO

GAO-20-663: Published: Sep 24, 2020. Publicly Released: Sep 24, 2020.

Retirement Security:
Older Women Report Facing a Financially Uncertain Future
GAO-20-718T: Published: Sep 24, 2020. Publicly Released: Sep 24, 2020.

Federal Property:
Formal Policies Could Enhance FDA's Property Management Efforts
GAO-20-689: Published: Sep 23, 2020. Publicly Released: Sep 23, 2020.

Gas Transmission Pipelines:
Interstate Transportation of Natural Gas Is Generally Reliable, but FERC Should Better Identify and Assess Emerging Risks
GAO-20-658:Published: Sep 23, 2020. Publicly Released: Sep 23, 2020.

Taxpayer Service:
IRS Could Improve the Taxpayer Experience by Using Better Service Performance Measures
GAO-20-656: Published: Sep 23, 2020. Publicly Released: Sep 23, 2020.

The Nation's Fiscal Health:
Effective Use of Fiscal Rules and Targets
GAO-20-561:Published: Sep 23, 2020. Publicly Released: Sep 23, 2020

VA Vet Centers:
Evaluations Needed of Expectations for Counselor Productivity and Centers' Staffing
GAO-20-652: Published: Sep 23, 2020. Publicly Released: Sep 23, 2020.

Nuclear Weapons:
NNSA Should Further Develop Cost, Schedule, and Risk Information for the W87-1 Warhead Program
GAO-20-703:Published: Sep 9, 2020. Publicly Released: Sep 23, 2020.

Anti-Money Laundering:
Opportunities Exist to Increase Law Enforcement Use of Bank Secrecy Act Reports, and Banks' Costs to Comply with the Act Varied
GAO-20-574:Published: Sep 22, 2020. Publicly Released: Sep 22, 2020.

Cyber Diplomacy:
State Has Not Involved Relevant Federal Agencies in the Development of Its Plan to Establish the Cyberspace Security and Emerging Technologies Bureau
GAO-20-607R:Published: Sep 22, 2020. Publicly Released: Sep 22, 2020.

Cybersecurity:
Clarity of Leadership Urgently Needed to Fully Implement the National Strategy
GAO-20-629:Published: Sep 22, 2020. Publicly Released: Sep 22, 2020.

IASB

25 September 2020
Joint Capital Markets Advisory Committee and Global Preparers Forum—October meeting agenda and papers available

23 September 2020
Death of Robert P. Garnett, former member of the IASB and Chair of the Interpretations Committee

23 September 2020
September 2020 IFRIC Update available

23 September 2020
Issue 21 of the Investor Update published

22 September 2020
Help enhance the value of eIFRS

IRS

IRS provides tax relief for victims of Hurricane Sally; Oct. 15 deadline, other dates extended to Jan. 15
IR-2020-222, September 24, 2020 — Victims of Hurricane Sally that began on September 14 now have until January 15, 2021 to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

IRS highlights employer credits for businesses during Small Business Week
IR-2020-221, September 24, 2020 — During Small Business Week, the Internal Revenue Service reminds business owners and self-employed individuals of the employer credits available to them during COVID-19.

IRS reminds taxpayers of the home office deduction rules during Small Business Week
IR-2020-220, September 23, 2020 — During Small Business Week, Sept. 22-24, the Internal Revenue Service wants individuals to consider taking the home office deduction if they qualify.

IRS: Drought-stricken farmers, ranchers have more time to replace livestock
IR-2020-219, September 22, 2020 — Farmers and ranchers who were forced to sell livestock due to drought may have an additional year to replace the livestock and defer tax on any gains from the forced sales, according to the Internal Revenue Service.

IRS highlights online resources during Small Business Week; many resources available in multiple languages
IR-2020-218, September 22, 2020 —  In support of National Small Business Week – September 22 to 24 – the Internal Revenue Service is emphasizing the many IRS online resources available to help small business owners and self-employed individuals handle the tax aspects of their business.

NYS

Don’t Get Hit with Unexpected Tax Bill from Unemployment Insurance Payments
September 22, 2020

DFS Superintendent Lacewell Announces Resolution of Nazi Looted Art Claim For 16th Century Drawing from the Renowned Collection of Dr. Arthur Feldmann
September 24, 2020

During New York Climate Week, DFS Superintendent Linda A. Lacewell Announces Actions Bolstering DFS’s Commitment to Addressing Climate-Related Financial Risks
September 22, 2020

SEC

Engine Manufacturing Company to Pay Penalty, Take Remedial Measures to Settle Charges of Accounting Fraud
2020-222, Sept. 24, 2020 —The Securities and Exchange Commission today announced that Chicago-area engine manufacturing company Power Solutions International Inc., has agreed to settle accounting fraud charges related to the company's overstatement of revenues by almost $25 million.

SEC Charges BMW for Disclosing Inaccurate and Misleading Retail Sales Information to Bond Investors
2020-223, Sept. 24, 2020 —The Securities and Exchange Commission today announced settled charges against Germany-based automaker BMW AG and two of its U.S. subsidiaries for disclosing inaccurate and misleading information about BMW’s retail sales volume in the U.S. while raising approximately $18 billion from investors in several corporate bond offerings.

SEC Charges Lighting Products Company and Four Executives With Accounting Violations
220-221, Sept. 24, 2020 — The Securities and Exchange Commission today charged Connecticut-based Revolution Lighting Technologies Inc. for an accounting fraud that falsely inflated its reported revenues over a four-year period. Four Revolution Lighting executives—CEO Robert LaPenta, former CFO James DePalma, and two former CFOs of the firm’s largest division, Allen Garner and Daniel O’Neal— were also charged for their roles in causing Revolution Lighting to misreport its revenue. All have agreed to settlements to resolve the claims against them.

SEC Adopts Amendments to Modernize Shareholder Proposal Rule
2020-220, Sept. 23, 2020 —The Securities and Exchange Commission today voted to adopt amendments to modernize its shareholder proposal rule, which governs the process for a shareholder to have its proposal included in a company’s proxy statement for consideration by all of the company’s shareholders.  The principal requirements for: (1) initial inclusion in the proxy statement — the amount and length of ownership of the proposing shareholder — and (2) for subsequent resubmission if the proposal is not approved — the amount of support from other shareholders — have not been substantively amended since 1998 and 1954, respectively.

SEC Adds Clarity, Efficiency and Transparency to Its Successful Whistleblower Award Program
2020-219, Sept. 23, 2020 — The Securities and Exchange Commission today voted to adopt amendments to the rules governing its whistleblower program that are designed to provide greater clarity to whistleblowers and increase the program’s efficiency and transparency.  Concurrently, to provide additional efficiencies, as well as clarity and transparency in the award determination process, the SEC’s Office of the Whistleblower published guidance regarding the process for determining award amounts for eligible whistleblowers.