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Regulatory Roundup: June 3 - 9

AICPA

“We must help UK businesses to expand and grow” says CIMA ahead of 2025 Spending Review
CIMA outlines its recommendations ahead of the 2025 Spending Review.
Business Executives’ Optimism About U.S. Economy Sinks as Recession Fears Loom, AICPA and CIMA Survey Finds
Jun 05, 2025

How finance leaders are countering tariff volatility
Jun 05, 2025

Economic optimism slides again amid tariff uncertainty
Jun 05, 2025

Prestigious Executive Program Now Available on Sustainability Reporting and ESG Data Management
Jun 04, 2025
 
Media comment on UK Stewardship Code 2026

Jun 03, 2025

Accounting Enrollment Increased 12% for Spring Semester
Jun 02, 2025

CBO

Cost Estimate
June 6, 2025
As ordered reported by the House Committee on Veterans’ Affairs on May 6, 2025

Cost Estimate
June 6, 2025
As reported by the House Committee on Oversight and Government Reform on June 4, 2025

Report
June 5, 2025
CBO estimates that debt-service costs under H.R. 1, the One Big Beautiful Bill Act, would total $551 billion over the 2025–2034 period—increasing the bill's cumulative effect on the deficit to $3.0 trillion.

Report
June 5, 2025
CBO estimates how the surge in immigration that began in 2021 affected state and local budgets in 2023. State and local tax revenues grew, but the costs of providing services grew more.

Cost Estimate
June 5, 2025
As reported by the House Committee on Oversight and Government Reform on June 4, 2025

Report
June 4, 2025
CBO estimates the budgetary and economic effects of increases in tariffs that were implemented through executive action between January 6 and May 13, 2025.

Cost Estimate
June 4, 2025
As passed by the House of Representatives on May 22, 2025

Cost Estimate

Estimated Effects on the Number of Uninsured People in 2034 Resulting From Policies Incorporated Within CBO’s Baseline Projections and H.R. 1, the One Big Beautiful Bill Act
June 4, 2025
A letter to the Honorable Ron Wyden, the Honorable Frank Pallone, Jr., and the Honorable Richard E. Neal concerning the estimated effects on the number of uninsured people in 2034 resulting from policies incorporated within CBO’s baseline projections and H.R. 1, the One Big Beautiful Bill Act

Cost Estimate
June 4, 2025
As ordered reported by the House Committee on Transportation and Infrastructure on April 2, 2025

Cost Estimate
June 4, 2025

As ordered reported by the House Committee on Veterans’ Affairs on May 6, 2025

Cost Estimate
June 4, 2025

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.

FASB

Public Markets Advisory Committee Meeting Recap—May 15, 2025
June 6, 2025

GAO

GAO-25-108211

Published: May 29, 2025 . Publicly Released: Jun 5, 2025 .

GAO-25-108404

Published: May 29, 2025 . Publicly Released: Jun 5, 2025 .

GAO-25-107975
Published: Jun 5, 2025 . Publicly Released: Jun 5, 2025 .
The U.S. Center for SafeSport is responsible for protecting amateur athletes from emotional, physical, and sexual misconduct and abuse in the U.S. Olympic and Paralympic communities. Congress requires that the Center be independent from the U.S. Olympic Committee in several ways. For example, former employees of the U.S. Olympic Committee must observe a 2-year "cooling-off period" before working or volunteering at the Center. The Olympic...

GAO-25-107205
Published: Jun 5, 2025 . Publicly Released: Jun 5, 2025 .
Separation from the military is a particularly vulnerable time for service members. Veterans Affairs and the Department of Defense jointly developed a separation health assessment that screens for certain mental health conditions. VA began administering the assessment in 2023. But the screening questions for some of the mental health conditions on the assessment weren't fully validated—meaning that they hadn't been tested or determined to be...

GAO-25-107263
Published: Jun 5, 2025 . Publicly Released: Jun 5, 2025 .

The Army is shifting focus from fighting insurgencies in the Middle East to preparing for potential large-scale combat operations. This shift means different priorities for its weapon systems—including long-range artillery and missiles. The Army's success in developing such systems rapidly has been mixed. One of four planned systems was canceled because of testing failures due to technology that wasn't yet ready. Our leading practices for...

DOD Fraud Risk Management:
DOD Should Expeditiously and Effectively Implement Fraud Risk Management Leading PracticesGAO-25-108500Published: Jun 4, 2025 . Publicly Released: Jun 4, 2025 .We testified about the Department of Defense's efforts to reduce the risk of fraud. The scale and scope of its spending—including about $445 billion pledged in FY 2024 to contracts for new weapons, support services, and more—make it susceptible. However, DOD lacks a robust fraud risk management program, and its leadership hasn't shown a strong commitment to this issue. As a result, we recently expanded...

GAO-25-107369
Published: Jun 4, 2025 . Publicly Released: Jun 4, 2025 .
Advanced manufacturing quickly turns new materials and methods into products, like airplane parts 3D-printed on demand. The Manufacturing USA Program connects businesses, academic institutions, and others through 17 institutes that do research and development and train workers. The Departments of Commerce, Defense, and Energy sponsor the institutes—whose work can lead to new technologies. We found agencies could improve how they work with the institutes. Specifically...

GAO-25-106980
Published: Jun 4, 2025 . Publicly Released: Jun 4, 2025 .
During the COVID-19 pandemic, the Department of Health and Human Services struggled to lead the nation's testing efforts, which required close coordination with public and private stakeholders. This was one reason we added HHS's leadership of public health emergencies to our High Risk List. We convened a roundtable of 19 experts to discuss ways HHS could improve testing. This report outlines their nearly 100 suggestions...

GAO-25-107000
Published: Jun 3, 2025 . Publicly Released: Jun 3, 2025 .

Data breaches at federal agencies could compromise millions of Americans' sensitive information. To reduce the threat of identity fraud, the General Services Administration launched Login.gov—an online tool that many federal agencies use to verify the identities of their website users. Login.gov largely implemented federally-recommended data protection practices. However, it didn't fully implement procedures to test the integrity of its backup data. Such testing can help...

GASB

IRS

IR-2025-65, June 6, 2025 — The Internal Revenue Service today reminded taxpayers that second quarter 2025 estimated tax payment is due Monday, June 16.

IR-2025-64, June 5, 2025 — The Internal Revenue Service today reminded tax pros the early bird registration rate for the 2025 IRS Nationwide Tax Forum expires on Tuesday, June 10.

PCAOB

PCAOB Posts 18 New Inspection Reports and Two Expanded ReportsJ
Jun. 4, 2025

SEC

2025-82

Washington D.C., June 4, 2025 — The Securities and Exchange Commission today published a concept release soliciting public comment on the definition of foreign private issuer.

2025-81

Washington D.C., June 2, 2025 — The Securities and Exchange Commission today announced that Natalia Díez Riggin has been named Senior Advisor and Director of the agency’s Office of Legislative and Intergovernmental Affairs. Ms. Riggin has been serving as Acting Director since joining the SEC in January.

2025-80
Washington D.C., May 29, 2025 — The Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting at the SEC Headquarters in Washington D.C. on June 5, 2025, at 10 a.m. ET. The meeting will also be webcast on the SEC website.

SEC Publishes Data on Regulation A, Crowdfunding Offerings, and Private Fund Beneficial Ownership Concentration
2025-79

Washington D.C., May 28, 2025 — The Securities and Exchange Commission’s Division of Economic and Risk Analysis has published three new reports that provide the public with information on capital formation and beneficial ownership of qualifying private funds.