CBO

Cost Estimate
H. R. 5695, Technical Corrections Legislation
January 28, 2022
As passed by the U.S House of Representatives on December 8, 2021

Cost Estimate
H.R. 5677, Technical Corrections Legislation
January 28, 2022
As passed by the U.S House of Representatives on December 8, 2021

Cost Estimate
H.R. 5679, Technical Corrections Legislation
January 28, 2022
As passed by the U.S House of Representatives on December 8, 2021

Cost Estimate
H.R. 5705, Technical Corrections Legislation
January 28, 2022
As passed by the U.S House of Representatives on December 8, 2021

Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of January 31, 2022
January 28, 2022
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues.

Cost Estimate
S. 3163, Reform and Update Rural Access to Local Exams Act of 2021
January 28, 2022
As ordered reported by the Senate Committee on Veterans’ Affairs on December 15, 2021

Cost Estimate
H.R. 4476, DHS Trade and Economic Security Council Act of 2021
January 27, 2022
As ordered reported by the House Committee on Homeland Security on October 26, 2021

Cost Estimate
H.R. 4977, Better Cybercrime Metrics Act
January 27, 2022
As ordered reported by the House Committee on the Judiciary on December 8, 2021

Cost Estimate
H.R. 55, Emmett Till Antilynching Act
January 27, 2022
As ordered reported by the House Committee on the Judiciary on December 8, 2021

Cost Estimate
H.R. 5746, Freedom to Vote: John R. Lewis Act
January 27, 2022
As passed by the House of Representatives on January 13, 2022

Cost Estimate
H.R. 6089, Stop Iranian Drones Act
January 26, 2022
As ordered reported by the House Committee on Foreign Affairs on December 10, 2021

Report
The Accuracy of CBO’s Budget Projections for Fiscal Year 2021
January 26, 2022
In its March 2020 projections for fiscal year 2021, CBO underestimated revenues by 15 percent and overestimated outlays by 4 percent. CBO’s projection of the federal budget deficit in 2021 was more than the actual amount by 3.9 percent of GDP.

FASB

Private Company Council  [01/28/22]
December 17, 2021 Meeting Minutes

GAO

COVID-19
Significant Improvements Are Needed for Overseeing Relief Funds and Leading Responses to Public Health Emergencies
GAO-22-105291
Published: Jan 27, 2022.
Publicly Released: Jan 27, 2022.
In our 9th comprehensive report on the COVID-19 pandemic, we provide updates on topics like pandemic emergency rental assistance and tax relief for businesses. We made 5 recommendations, including ways the Treasury Department can more quickly recover rental assistance overpayments.

Innovative Technologies in Manufacturing
Commerce Has No Plans to Implement the Program
GAO-22-105512
Published: Jan 27, 2022.
Publicly Released: Jan 27, 2022.
Although manufacturing has a key role in the U.S. economy, growth in this sector has slowed in recent years. In 2010, Congress created a loan guarantee program aimed at bolstering technological innovation among small- and medium-sized U.S. manufacturers.

Personnel Mobility Program
Improved Guidance Could Help Federal Agencies Address Skills Gaps and Maximize Other Benefits
GAO-22-104414
Published: Jan 27, 2022.
Publicly Released: Jan 27, 2022.
Federal agencies have struggled to recruit personnel with critical scientific and technological expertise, leading to skills gaps across the government.

Spectrum Management
NTIA Should Improve Spectrum Reallocation Planning and Assess Its Workforce
GAO-22-104537
Published: Jan 27, 2022.
Publicly Released: Jan 27, 2022.
The federal government uses the radio-frequency spectrum for essential functions such as national defense and air traffic control. However, broadband and other services continue to drive up private sector demand for spectrum.

KC-46 Tanker
Air Force Needs to Mature Critical Technologies in New Aerial Refueling System Design
GAO-22-104530
Published: Jan 27, 2022.
Publicly Released: Jan 27, 2022.
Under the Air Force's KC-46 program, Boeing is developing an aerial refueling tanker from a commercial aircraft design. But critical defects with the aircraft's remote vision system and other technologies have delayed full use of these capabilities.

Pipeline Safety
Manufacturing Defects in Pipeline Components Rarely Contribute to Accidents
GAO-22-105140
Published: Jan 26, 2022.
Publicly Released: Jan 26, 2022.
Almost 350,000 miles of interstate gas and hazardous liquid transmission pipelines transport products across the U.S. The quality of individual components used in constructing these pipelines is critical to protect life, property, and the environment.

COVID-19
Better USAID Documentation and More-Frequent Reporting Could Enhance Monitoring of Humanitarian Efforts
GAO-22-104431
Published: Jan 26, 2022.
Publicly Released: Jan 26, 2022.
Responding to the COVID-19 pandemic, Congress appropriated $908 million of supplemental funding to the State Department and USAID for international humanitarian assistance in FY 2020. Both agencies began communicating with organizations remotely to oversee how these funds are spent.

Science & Tech Spotlight
Extended Reality Technologies
GAO-22-105541
Published: Jan 26, 2022.
Publicly Released: Jan 26, 2022.
Extended reality—which includes augmented, mixed, and virtual reality—combines the real and digital worlds to create new kinds of interactivity and perception. These technologies provide new ways to train, educate, entertain, and collaborate.

U.S. Secret Service
Further Progress Made Implementing the Protective Mission Panel Recommendations
GAO-22-105100
Published: Jan 26, 2022.
Publicly Released: Jan 26, 2022.
In Sept. 2014, an intruder jumped a fence, passed several layers of security, evaded U.S. Secret Service personnel, and entered the White House before being detained. In Dec. 2014, an independent panel of experts made 19 recommendations for improvements to the Secret Service.

Freedom of Information Act
Selected Agencies Adapted to the COVID-19 Pandemic but Face Ongoing Challenges and Backlogs
GAO-22-105040
Published: Jan 26, 2022.
Publicly Released: Jan 26, 2022.
The Freedom of Information Act (FOIA) allows the public to request access to government information. During the pandemic, agencies received and processed fewer FOIA requests, but backlogs continued growing.

IASB

January 2022 IASB podcast now available
31 January 2022
PODCAST

January 2022 IASB Update available and work plan updated
28 January 2022
UPDATE

Sue Lloyd appointed as ISSB Vice-Chair and Janine Guillot appointed as Special Advisor to ISSB Chair
27 January 2022
APPOINTMENT

 IRS

EITC Awareness Day: Important changes mean more people qualify for credit that helps millions of Americans
IR-2022-20, January 28, 2022 — More people without children now qualify for the Earned Income Tax Credit (EITC), the  federal government’s largest refundable tax credit for low- to moderate-income families.

All third Economic Impact Payments issued; parents of children born in 2021, guardians and other eligible people who did not receive all of their third-round EIPs can claim up to $1,400 per person through the 2021 Recovery Rebate Credit
IR-2022-19, January 26, 2022 — The Internal Revenue Service announced today that all third-round Economic Impact Payments have been issued and reminds people how to claim any remaining stimulus payment they’re entitled to on their 2021 income tax return as part of the 2021 Recovery Rebate Credit. 

IRS begins 2022 tax season; urges extra caution for taxpayers to file accurate tax returns electronically to speed refunds, avoid delays
IR-2022-18, January 24, 2022 — The Internal Revenue Service today kicked off the 2022 tax filing season with an urgent reminder to taxpayers to take extra precautions this year to file an accurate tax return electronically to help speed refunds.

NYS

Superintendent Harris Announces the Conclusion of the First Investigation by DFS' Office of Pharmacy Benefits
January 31, 2022

DON’T GET SCAMMED: Tips to Secure your Private Information To Mark Data Privacy Day, Multiple NYS Agencies Offer Ways to Protect Yourself
January 28, 2022

Governor Hochul Announces Key Milestone In Establishing Secure Retirement Plan Options For Private Sector Employees
January 26, 2022

STATEMENT BY ADRIENNE A. HARRIS FOLLOWING NEW YORK STATE SENATE CONFIRMATION OF HER APPOINTMENT AS SUPERINTENDENT OF FINANCIAL SERVICES
January 25, 2022

SEC

Remediation Helps Tech Company Avoid Penalties
2022-14, Jan. 28, 2022 — The Securities and Exchange Commission today announced settled fraud charges without a penalty against HeadSpin, Inc., a private technology company that made significant remedial efforts in the wake of an internal investigation into misconduct by its now former CEO.

Kristin Snyder, Deputy Director of Division of Examinations, to Leave SEC
2022-13, Jan. 27, 2022 — The Securities and Exchange Commission today announced that Kristin Snyder, Deputy Director of the Division of Examinations (EXAMS), is leaving the agency at the end of this month after more than 18 years of service. Joy Thompson has been named Acting Deputy Director and Acting Associate Director of the Private Funds Unit, and Natasha Vij Greiner has been named Acting Co-National Associate Director of the Investment Adviser/Investment Company (IA/IC) Examination Program.

LizAnn Eisen Joins Division of Corporation Finance as Deputy Director, Disclosure Program
2022-12, Jan. 27, 2022 — The Securities and Exchange Commission today announced that LizAnn Eisen has been named Deputy Director, Disclosure Program, for the Division of Corporation Finance. In this role, she will ensure the effectiveness of the division's review of company filings, monitor market trends, and assess emerging risks.

SEC Reopens Comment Period for Pay Versus Performance
2022-11., Jan. 27, 2022 — The Securities and Exchange Commission today reopened the comment period on proposed rules under the Dodd-Frank Act requiring disclosure of information reflecting the relationship between executive compensation actually paid by a company and the company's financial performance.

SEC Proposes Amendments to Include Significant Treasury Markets Platforms Within Regulation ATS
2022-10, Jan. 26, 2022 — The Securities and Exchange Commission today proposed rules to better protect investors and enhance cybersecurity by bringing more Alternative Trading Systems (ATS) that trade Treasuries and other government securities under the regulatory umbrella. The proposal builds upon a 2020 proposal and public comments received in response to that proposal. It would extend Regulation ATS to include systems that offer the use of non-firm trading interest and provide protocols to bring together buyers and sellers for trading any type of security. These Communication Protocol Systems would be required to either register as exchanges or register as broker-dealers and comply with Regulation ATS.

SEC Proposes Amendments to Enhance Private Fund Reporting
2022-9, Jan. 26, 2022 — The Securities and Exchange Commission today voted to propose amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds. The proposed amendments are designed to enhance the Financial Stability Oversight Council’s (FSOC) ability to assess systemic risk as well as to bolster the Commission’s regulatory oversight of private fund advisers and its investor protection efforts in light of the growth of the private fund industry. 

Former Financial Advisor Charged with Stealing $5.8 Million from Client
2022-8, Jan. 24, 2022 —The Securities and Exchange Commission charged German Nino, a former securities broker and investment adviser representative for UBS Financial Services Inc., with stealing $5.8 million from a long-standing client.

TIGTA

Independent Attestation Review of the Internal Revenue Service’s Fiscal Year 2021 Budget Formulation Compliance Report and Detailed Accounting Report of Drug Control Funds
January 27, 2022

Review of the Internal Revenue Service’s Purchase Card Violations Report and the Status of Recommendations
January 26, 2022

Administration of the Individual Taxpayer Identification Number Program
January 26, 2022