AICPA

AICPA Expresses Support for Bipartisan, Bicameral Letter to IRS Requesting Clarification on Notice Suspensions
March 15, 2022

CBO

Cost Estimate
Estimated Budgetary Effects of H.R. 7108, the Suspending Normal Trade Relations with Russia and Belarus Act
March 18, 2022
As Passed by the House of Representatives on March 17, 2022

Cost Estimate
H.R. 6873, Bombing Prevention Act of 2022
March 18, 2022
As ordered reported by the House Committee on Homeland Security on March 2, 2022

Report
Legislation Enacted in the First Session of the 117th Congress That Affects Mandatory Spending or Revenues
March 17, 2022
CBO estimates that the effects on mandatory spending and revenues of laws enacted in 2021 will add about $1.7 trillion to deficits from 2021 to 2031—the result of a $1.7 trillion increase in outlays and a $4 billion increase in revenues.

Cost Estimate
S. 2297, International Pandemic Preparedness and COVID-19 Response Act of 2021
March 17, 2022
As reported by the Senate Committee on Foreign Relations on July 28, 2021

Cost Estimate
H.R. 441, a bill to provide for the conveyance of certain property to the Tanana Tribal Council located in Tanana, Alaska, and for other purposes
March 16, 2022
As ordered reported by the House Committee on Natural Resources on January 19, 2022

Cost Estimate
S. 731, Department of Veterans Affairs Information Technology Reform Act of 2021
March 16, 2022
As ordered reported by the Senate Committee on Veterans’ Affairs on December 15, 2021

Cost Estimate
H.R. 4465, Federally Funded Research and Technology Development Protection Act
March 15, 2022
As ordered reported by the House Committee on Oversight and Reform on July 20, 2021

Cost Estimate
H.R. 4821, Combating the Persecution of Religious Groups in China Act
March 15, 2022
As ordered reported by the House Committee on Foreign Affairs on February 9, 2022

Cost Estimate
H.R. 5345, Saline Lake Ecosystems in the Great Basin States Program Act of 2021
March 15, 2022
As ordered reported by the House Committee on Natural Resources on November 17, 2021

Working Paper
Inflation Expectations and Their Formation: Working Paper 2022-03
March 15, 2022
This paper reviews theory and evidence on how consumers and firms form their expectations about inflation and how monetary policymakers might influence that process; both of those factors have implications for CBO's baseline projections and policy analyses.

Cost Estimate
S. 1964, Ski Hill Resources for Economic Development Act of 2021
March 15, 2022
As reported by the Senate Committee on Energy and Natural Resources on January 19, 2022

Cost Estimate
S. 270, Brown v. Board of Education National Historic Site Expansion Act
March 15, 2022
As reported by the Senate Committee on Energy and Natural Resources on March 2, 2022

Cost Estimate
H.R. 2471, the Consolidated Appropriations Act, 2022
March 14, 2022
As Cleared by the Congress on March 10, 2022

Cost Estimate
CBO’s Estimate of the Statutory Pay-As-You-Go Effects of H.R. 963, the FAIR Act of 2022
March 14, 2022
As posted on the website of the Clerk of the House on March 14, 2022

Cost Estimate
H.R. 6600, Ethiopia Stabilization, Peace, and Democracy Act
March 14, 2022
As ordered reported by the House Committee on Foreign Affairs on February 9, 2022

GAO

District of Columbia Charter Schools
DC Public Charter School Board Should Include All Required Elements in Its Annual Report
GAO-22-105226
Published: Mar 21, 2022.
Publicly Released: Mar 21, 2022.
For the 2020-21 school year, nearly half of DC's public school students enrolled in a charter school—which are run by nonprofits and may offer specialized curriculum (like foreign language immersion).

Aircraft Noise
FAA Should Improve Efforts to Address Community Concerns
GAO-22-105844
Published: Mar 17, 2022.
Publicly Released: Mar 17, 2022.
Airports provide transportation access to communities, but aircraft noise can be disruptive. We testified that despite technological advances leading to quieter airplanes, aircraft noise is still a problem for some communities.

Management Report
Improvements Needed in the Bureau of the Fiscal Service's Information System Controls Related to the Schedule of Federal Debt
GAO-22-105569
Published: Mar 17, 2022.
Publicly Released: Mar 17, 2022.
Every year we audit the federal debt, which the Treasury Department's Bureau of the Fiscal Service manages. As of Sept. 30, 2021, total federal debt (as reported in the Schedule of Federal Debt) was about $28.4 trillion. Fiscal Service made some progress since our last audit.

Household Hazardous Waste Removal
EPA Should Develop a Formal Lessons Learned Process for Its Disaster Response
GAO-22-104276
Published: Mar 17, 2022.
Publicly Released: Mar 17, 2022.
The Environmental Protection Agency coordinates federal efforts to remove household hazardous waste (e.g., asbestos, paint, and pesticides) requiring special handling and disposal from wildfire-affected properties.

Emergency Relief Funds
Significant Improvements Are Needed to Ensure Transparency and Accountability for COVID-19 and Beyond
GAO-22-105715
Published: Mar 17, 2022.
Publicly Released: Mar 17, 2022.
When the COVID-19 pandemic began, federal agencies acted swiftly to establish emergency programs and deliver financial relief to the American people.

Paycheck Protection Program
Program Changes Increased Lending to Smaller and Underserved Businesses
GAO-22-105788
Published: Mar 16, 2022.
Publicly Released: Mar 16, 2022.
In response to COVID-19, Congress created the Paycheck Protection Program to help small businesses get forgivable loans. But self-employed people and businesses owned by minorities, women, and veterans initially faced challenges getting loans.

COVID-19
State Should Strengthen Policies to Better Maintain Overseas Operations in Future Crises
GAO-22-104519
Published: Mar 16, 2022.
Publicly Released: Mar 16, 2022.
Employees from 26 U.S. agencies work overseas in embassies and consulates operated by the State Department. The COVID-19 pandemic caused the evacuation of thousands of civilian staff overseas, with some embassies and consulates losing more than half their staff in 2020.

Women in Management
Women Remain Underrepresented in Management Positions and Continue to Earn Less Than Male Managers
GAO-22-105796
Published: Mar 07, 2022.
Publicly Released: Mar 15, 2022.
Women continue to be underrepresented in management roles in the U.S. workforce, with a slight increase in 2019 compared to our 2010 report. Female managers continued to earn less than male managers, with the pay gap remaining unchanged.

GAO 2022-2027 Strategic Plan
Goals and Objectives for Serving Congress and the Nation
GAO-22-1SP
Published: Mar 15, 2022.
Publicly Released: Mar 15, 2022.
We publish a strategic plan every 4 years to guide our work as we help lawmakers oversee federal operations and address the most important issues facing government and society.

GAO 2022-2027 Strategic Plan
Key Efforts
GAO-22-2SP
Published: Mar 15, 2022.
Publicly Released: Mar 15, 2022.
We publish a strategic plan every 4 years to guide our work as we help lawmakers oversee federal operations and address the most important issues facing government and society.

GAO 2022-2027 Strategic Plan
Key Efforts
GAO-22-2SP
Published: Mar 15, 2022.
Publicly Released: Mar 15, 2022.
We publish a strategic plan every 4 years to guide our work as we help lawmakers oversee federal operations and address the most important issues facing government and society.

Other Written Product
Trends Affecting Government and Society
GAO-22-3SP
Published: Mar 15, 2022.
Publicly Released: Mar 15, 2022.
We publish a strategic plan every 4 years to guide our work as we help lawmakers oversee federal operations.

Waste Isolation Pilot Plant
Construction Challenges Highlight the Need for DOE to Address Root Causes
GAO-22-105057
Published: Mar 15, 2022.
Publicly Released: Mar 15, 2022.
The Department of Energy's Waste Isolation Pilot Plant in New Mexico is the nation's only facility for disposal of certain defense-related nuclear waste. Its operations were reduced after accidents in 2014.

IASB

IFRS Foundation Conference 2022 announced
Conference
21 Mar 2022

21 March 2022 Due Process Oversight Committee agenda and meeting papers available.
Meeting
18 Mar 2022

Consultative Group for Rate Regulation agenda and meeting paper available
Meeting
18 Mar 2022

Andreas Barckow delivers keynote speech at ICGN 2022 conference
Speech
16 Mar 2022

1 March 2022 Due Process Oversight Committee meeting summary available
Meeting
16 Mar 2022

IRS

IRS reminds taxpayers they must check a box on Form 1040, 1040-SR or 1040-NR on virtual currency transactions for 2021
IR-2022-61, March 18, 2022 — The IRS reminds taxpayers that there is a virtual currency question at the top of Form 1040, Form 1040-SR and Form 1040-NR. It asks: “At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency?”

Tax Time Guide: Minimize cyber footprints, protect personal information online
IR-2022-60, March 16, 2022 — The IRS today urged people to stay resolute against ongoing scams and schemes by properly securing computers, tablets and phones.

IRS Information Technology looking for over 200 technologists to focus on modernization; job openings posted with more to come
IR-2022-59, March 16, 2022 — As part of a larger hiring effort underway, the Internal Revenue Service announced today plans to hire more than 200 additional technologists to help the agency further modernize its technology.

IRS provides more forms, letters and publications in multilingual and alternative formats: Spanish Braille now available
IR-2022-58, March 15, 2022 — In an effort to provide American taxpayers with the service they deserve, the Internal Revenue Service announced today the latest expansion of its multilingual products, Braille, text, audio and large print products are now available in Spanish.

NYS

Chemung County Business Owner Pays Back Nearly $240,000 After Guilty Plea
March 16, 2022

Superintendent Adrienne A. Harris Announces that DFS Has Imposed a Penalty of $8.25 Million On MoneyGram for Compliance Failures
March 16, 2022

DFS Superintendent Adrienne A. Harris Takes First Action in Ongoing Investigation of Insurance Industry's Failure to Timely Report Vehicle Information to DMV
March 14, 2022

SEC

SEC Proposes Rules to Enhance and Standardize Climate-Related Disclosures for Investors               
2022-46, March 21, 2022 —The Securities and Exchange Commission today proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks that are reasonably likely to have a material impact on their business, results of operations, or financial condition, and certain climate-related financial statement metrics in a note to their audited financial statements. The required information about climate-related risks also would include disclosure of a registrant’s greenhouse gas emissions, which have become a commonly used metric to assess a registrant’s exposure to such risks.
                                                       
SEC Issues Awards Totaling Approximately $3 Million to Three Whistleblowers
2022-45, March 18, 2022 —The Securities and Exchange Commission today announced three awards totaling approximately $3 million to whistleblowers who provided information and assistance in three separate covered actions

Dave A. Sanchez to Lead Office of Municipal Securities   
2022-44, March 16, 2022 —The Securities and Exchange Commission today announced that Dave A. Sanchez will return to the SEC to serve as Director of the Office of Municipal Securities (OMS) effective April 11. Mr. Sanchez most recently advised municipal issuers, broker-dealers and municipal advisors as a Senior Counsel at Norton Rose Fulbright US LLP.
                  
SEC Charges Texas School District and its Former CFO with Fraud in $20 Million Bond Sale             
2022-43, March 16, 2022 — The Securities and Exchange Commission today charged Crosby Independent School District (Crosby ISD) and its former Chief Financial Officer, Carla Merka, with misleading investors in the sale of $20 million of municipal bonds in order to pay its outstanding construction liabilities and fund new capital projects. The SEC also charged Crosby’s auditor, Shelby Lackey, with improper professional conduct in connection with the audit of the school district’s 2017 fiscal year financial statements.
                                                     
Register for the SEC’s 41st Annual Small Business Forum to Impact Capital Raising Policy 
2022-42, March 15, 2022 —The Office of the Advocate for Small Business Capital Formation will host the Securities and Exchange Commission’s 41st Annual Government-Business Forum on Small Business Capital Formation over four virtual sessions April 4-7 from 1:00-2:30 pm ET. Each day will focus on a different topic and feature speakers with in-depth knowledge of the issues facing small businesses across the country, followed by an opportunity for participants to develop policy recommendations. Sessions will focus on the following topics:

SEC Charges Call Center Operators in $58 Million Penny Stock Scheme 
2022-41,  March 15, 2022 —The Securities and Exchange Commission today announced fraud charges against five individuals for allegedly operating a call center in Medellin, Colombia, which used high pressure sales tactics and made false and misleading statements to retail investors to convince them to buy the stocks of small companies trading in the U.S. markets.
                    
TIGTA

Improvements Are Needed When Documenting and Monitoring Employee Leave
March 16, 2022

American Rescue Plan Act: Assessment of Processes to Identify and Address Improper Child and Dependent Care Credit Claims
March 14, 2022