Regulatory Roundup - Jan. 4-10
CBO
Cost Estimate
H.R. 5562, a bill to amend title 38, United States Code, to expand eligibility for hospital care, medical services, and nursing home care from the Department of Veterans Affairs to include veterans of World War II
January 10, 2022
As ordered reported by the House Committee on Veterans’ Affairs on November 4, 2021
Cost Estimate
S. 2089, Burial Equity for Guards and Reserves Act of 2021
January 10, 2022
As ordered reported by the Senate Committee on Veterans’ Affairs on December 15, 2021
Cost Estimate
S. 2431, Department of Veterans Affairs Office of Inspector General Training Act of 2021
January 10, 2022
As ordered reported by the Senate Committee on Veterans’ Affairs on December 15, 2021
Cost Estimate
S. 2687, Strengthening Oversight for Veterans Act of 2021
January 10, 2022
As ordered reported by the Senate Committee on Veterans’ Affairs on December 15, 2021
Report
CBO’s Recent Publications and Work in Progress as of December 31, 2021
January 7, 2022
In this report, the latest in a quarterly series, CBO highlights its recent work and summarizes its work in progress.
Cost Estimate
S. 1664, Department of Veterans Affairs Post-Traumatic Stress Disorder Processing Claims Improvement Act of 2021
January 7, 2022
As ordered reported by the Senate Committee on Veterans’ Affairs on December 15, 2021
Cost Estimate
S. 1850, Chaplains Memorial Preservation Act
January 7, 2022
As ordered reported by the Senate Committee on Veterans’ Affairs on December 15, 2021
Presentation
The Effects of Recent Legislation on the Economy and the Budget
January 7, 2022
Presentation by Phillip Swagel, CBO’s Director, at the American Economic Association Annual Meeting.
Cost Estimate
S. 1040, a bill to amend title 38, United States Code, to expand eligibility for hospital care, medical services, and nursing home care from the Department of Veterans Affairs to include veterans of World War II
January 6, 2022
As ordered reported by the Senate Committee on Veterans’ Affairs on July 28, 2021
Cost Estimate
S. 2787, a bill to amend title 38, United States Code, to clarify the role of doctors of podiatric medicine in the Department of Veterans Affairs, and for other purposes
January 6, 2022
As ordered reported by the Senate Committee on Veterans’ Affairs on December 15, 2021
Report
Availability and Use of Aircraft in the Air Force and Navy
January 5, 2022
CBO analyzes patterns in the availability and use of the Air Force’s and Department of the Navy’s aircraft since 2001. CBO also analyzes how the military aircraft have performed since the onset of the coronavirus pandemic.
Presentation
The 2022 Outlook for Navy Shipbuilding: An Uncertain Course for the Future Fleet
January 5, 2022
Presentation by Eric J. Labs, an analyst in CBO’s National Security Division, to the Bank of America 2022 Defense Outlook and Commercial Aerospace Forum.
Cost Estimate
CBO’s Estimate of the Statutory Pay-As-You-Go Effects of H.R. 1836, Guard and Reserve GI Bill Parity Act of 2021
January 4, 2022
As Posted to the Website of the House Committee on Rules
Cost Estimate
S. 1657, South China Sea and East China Sea Sanctions Act of 2021
January 4, 2022
As reported by the Senate Committee on Foreign Relations on October 28, 2021
Cost Estimate
S. 1936, GI Bill National Emergency Extended Deadline Act of 2021
January 4, 2022
As ordered reported by the Senate Committee on Veterans’ Affairs on December 15, 2021
Cost Estimate
S. 2514, a bill to rename the Provo Veterans Center in Orem, Utah, as the “Col. Gail S. Halvorsen ‘Candy Bomber’ Veterans Center”
January 4, 2022
As passed in the Senate on December 18, 2021
FASB
Financial Accounting Standards Advisory Council [01/04/22]
December 2, 2021 Meeting Recap
FASB Names New Members to Its Not-for-Profit Advisory Committee [01/04/22]
Media Advisory
GAO
Opioid Use Disorder
Opportunities to Improve Assessments of State Opioid Response Grant Program
GAO-22-104520
Published: Dec 09, 2021.
Publicly Released: Jan 10, 2022.
The Substance Abuse and Mental Health Services Administration (SAMHSA) administers the State Opioid Response Grant program for opioid use disorder prevention, treatment, and recovery services. SAMHSA assesses the program through 2 annual performance reports.
Virtual Currencies
Additional Information Could Improve Federal Agency Efforts to Counter Human and Drug Trafficking
GAO-22-105462
Published: Dec 08, 2021.
Publicly Released: Jan 10, 2022.
Virtual currency is increasingly used in human and drug trafficking, according to our review of agency records and interviews with officials. Agencies we examined face challenges countering illicit use of virtual currency.
Highway Trust Fund
Federal Highway Administration Should Develop and Apply Criteria to Assess How Pilot Projects Could Inform Expanded Use of Mileage Fee Systems
GAO-22-104299
Published: Jan 10, 2022.
Publicly Released: Jan 10, 2022.
The Highway Trust Fund—the major source of federal road and bridge funding—is largely supported by gas taxes. This revenue is decreasing as fuel economy standards increase and more alternative fuel vehicles travel the roads.
Federal Courthouse Construction
Judiciary Should Refine Its Methods for Determining Which Projects Are Most Urgent
GAO-22-104034
Published: Jan 05, 2022.
Publicly Released: Jan 05, 2022.
How does the federal judiciary know when it needs a new courthouse? Every year, it scores the more than 400 courthouses nationwide on how they meet security, space, building condition, and functionality standards.
Small Business Administration
Steps Taken to Verify Tribal Recognition for 8(a) Program
GAO-22-104146
Published: Dec 02, 2021.
Publicly Released: Jan 03, 2022.
The Small Business Administration's 8(a) program offers assistance for business owners from socially and economically disadvantaged groups—such as federally or state-recognized Indian tribes.
GASB
GASB Adds Major Project, Pre-Agenda Research Area to Technical Plan [01/06/22]
Media Advisory
IASB
IFRS Foundation Trustees seek nominations for inaugural members of the International Sustainability Standards Board
10 January 2022
CAREERS
December 2021 Trustees of the IFRS Foundation meeting summary now available
7 January 2022
MEETING
Join the Staff—Customer Services Representative
6 January 2022
CAREERS
IRS
2022 tax filing season begins Jan. 24; IRS outlines refund timing and what to expect in advance of April 18 tax deadline
IR-2022-08, January 10, 2022 — The IRS announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.
IRS releases its 2021 Progress Update detailing challenging year
IR-2022-07, January 7, 2022 — The Internal Revenue Service today released its 2021 annual report describing the agency’s work delivering taxpayer service and compliance efforts during the pandemic while highlighting efforts taken by IRS employees to help people during the year.
IRS updates FAQs for 2020 Recovery Rebate Credit
IR-2022-06, January 7, 2022 — The Internal Revenue Service today updated its frequently asked questions (FAQs) on 2020 Recovery Rebate Credit (FS-2022-02).
IRS updates Topic G FAQs for 2020 Unemployment Compensation Exclusion
IR-2022-05, January 7, 2022 — The Internal Revenue Service today updated its frequently asked questions (FAQs) on 2020 Unemployment Compensation Exclusion (FS-2022-01).
IRS-CI counts down the top 10 cases of 2021
IR-2022-04, January 7, 2022 — Internal Revenue Service Criminal Investigation (IRS-CI) began counting down the top 10 cases for calendar year 2021 on its Twitter account on January 3.
IRS reminder to many: Make final 2021 quarterly tax payment by Jan. 18; avoid surprise tax bill, possible penalty
IR-2022-03, January 5, 2022 — The IRS urges taxpayers to check into their options to avoid being subject to estimated tax penalties, which apply when someone underpays their taxes.
IRS revises Form 1024, used by most types of organizations to apply for exempt status, to allow electronic filing
IR-2022-2, January 3, 2022 — As part of ongoing efforts to improve service for the tax-exempt community, the IRS has revised Form 1024, Application for Recognition of Exemption Under Section 501(a) or Section 521 of the Internal Revenue Code, to allow electronic filing.
For Colorado wildfire victims, IRS extends 2021 tax-filing deadline, other deadlines to May 16
IR-2022-01, January 3, 2022 — Victims of this weekend’s wildfires in Colorado will have until May 16, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
NYC
FY21 Annual Report on Environmental Control Board (ECB)-Adjudicated Judgments.SEC
SEC Issues Awards Totaling More Than $4 Million to Whistleblowers
2022-5, Jan. 10, 2022 —The Securities and Exchange Commission today announced two awards totaling more than $4 million to whistleblowers who provided information and assistance in two separate covered actions.
SEC Charges Three Florida Residents in Multi-Million Dollar Insider Trading Scheme
2022-4., Jan. 6, 2022 —The Securities and Exchange Commission today announced charges against three Florida residents for trading in advance of market moving announcements involving DSW Inc., Rite Aid Corporation, and an attempt to acquire Aphria Inc., a Canadian cannabis-related business.
SEC Charges ICO Issuer and Founder with Defrauding Investors: Self-Proclaimed “Man behind the Machine” Diverted ICO Proceeds to Gold Mining in South Africa
2022-3, Jan. 6, 2022 —The Securities and Exchange Commission today announced charges against Australian citizen Craig Sproule and two companies he founded, Crowd Machine, Inc. and Metavine, Inc., for making materially false and misleading statements in connection with an unregistered offer and sale of digital asset securities.
SEC Awards Over $13 Million To Whistleblower
2022-2., Jan. 6, 2022 —The Securities and Exchange Commission today announced an award of more than $13 million to a whistleblower whose information and assistance prompted the opening of an investigation and significantly contributed to the success of an SEC enforcement action.
SEC Charges Additional Defendant in Phony Certificates of Deposit Scam
2022-1., Jan. 5, 2022 — The Securities and Exchange Commission today charged Allen C. Giltman, a former registered investment professional, with allegedly participating in a long-running fraudulent scheme to lure investors into buying fictitious certificates of deposit (CDs). The scheme resulted in victims, primarily older adults investing their retirement savings, losing at least $40 million.