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News

Regulatory Roundup: Aug. 5-11

By:
Karen Sibayan
Published Date:
Aug 11, 2025

AICPA

AICPA Seeks Immediate Guidance on Small Business Taxpayer Domestic Research Costs, Enacted in H.R. 1
Aug 05, 2025

CBO

Cost Estimate
August 8, 2025
As ordered reported by the House Committee on Natural Resources on April 9, 2025

Cost Estimate
August 8, 2025
As ordered reported by the House Committee on Veterans’ Affairs on July 23, 2025

Cost Estimate
August 8, 2025
As ordered reported by the House Committee on Veterans’ Affairs on July 23, 2025

Cost Estimate
August 8, 2025
As ordered reported by the House Committee on Veterans’ Affairs on July 23, 2025

Report
August 8, 2025
The federal budget deficit totaled $1.6 trillion in the first 10 months of fiscal year 2025, CBO estimates. That amount is $109 billion more than the deficit recorded during the same period last fiscal year.

Cost Estimate
August 8, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on June 25, 2025

Cost Estimate
August 8, 2025
As reported by the Senate Committee on the Judiciary on April 10, 2025

Cost Estimate
August 7, 2025
As ordered reported by the House Committee on Veterans’ Affairs on July 23, 2025

Cost Estimate
As ordered reported by the House Committee on Foreign Affairs on July 22, 2025

Cost Estimate

August 7, 2025
As ordered reported by the House Committee on Veterans’ Affairs on July 23, 2025

Cost Estimate
August 7, 2025
As ordered reported by the House Committee on Veterans’ Affairs on July 23, 2025

Cost Estimate
August 6, 2025
As ordered reported by the House Committee on Veterans’ Affairs on July 23, 2025

Cost Estimate
As ordered reported by the House Committee on Veterans’ Affairs on July 23, 2025

Working Paper
August 6, 2025
CBO estimates that between 1984 and 2022, changes in the price of household personal consumption expenditures were larger for lower-income households than for higher-income households.

Cost Estimate
August 6, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 30, 2025

Working Paper
August 5, 2025
This working paper presents a dynamic term structure model of interest rates that features a shifting endpoint and incorporates survey forecasts of interest rates to sharpen the model’s implied forecasts and estimate trend interest rates.

Cost Estimate
August 5, 2025
As ordered reported by the House Committee on Education and the Workforce on June 25, 2025

Cost Estimate
August 5, 2025
As ordered reported by the House Committee on Foreign Affairs on July 22, 2025

Cost Estimate
August 5, 2025
As ordered reported by the House Committee on Veterans’ Affairs on July 23, 2025

Cost Estimate
August 5, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on April 30, 2025

Cost Estimate
August 5, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on March 12, 2025

Report

CBO estimates that Public Law 119-21 will raise debt-service costs by $718 billion over the 2025–2034 period and increase the cumulative effect on the deficit to $4.1 trillion.

GAO

GAO-25-108537
Published: Jul 28, 2025 . Publicly Released: Aug 4, 2025 .

GAO-25-108460
Published: Jul 28, 2025 . Publicly Released: Aug 4, 2025 .

GAO-25-108540

Published: Jul 28, 2025 . Publicly Released: Aug 4, 2025 .

Consumer Prices:
Trends and Policy Options Related to Shrinking Product Sizes
GAO-25-107451Published: Jul 31, 2025 . Publicly Released: Jul 31, 2025 .In recent years, some shoppers have noticed they’re paying the same or more for a smaller amount of their favorite household products—known as “shrinkflation.” For example, a pint of ice cream (16 fluid oz.) might now be 14 fluid oz. Subtle package changes can make it hard to detect. While shrinkflation increases prices, its effect on inflation is small because most spending is on things...

GAO-25-107588
Published: Jul 31, 2025 . Publicly Released: Jul 31, 2025 .
In this final comprehensive COVID-19 report, we provided updates to our work regarding the impact of the pandemic on public health, the economy, and federal spending. Our work on the COVID-19 pandemic has produced over 200 reports and 484 recommendations to the Congress and federal agencies. More than half of the recommendations have been implemented. This body of work has yielded at least $43.9 billion...

GAO-25-106595
Published: Jul 31, 2025 . Publicly Released: Jul 31, 2025 .
Staying in business can be hard for dairy farmers if cattle feed prices go up or milk prices fall. But they can get help by signing up for a U.S. Department of Agriculture program that gives financial support in these circumstances. The program paid farmers about $2.7 billion from 2019 to 2024. The percentage of farmers who participated in each state varied, and most had...

GAO-25-106780
Published: Jul 31, 2025 . Publicly Released: Jul 31, 2025 .

Federal employee whistleblowers can help fight fraud, waste, and abuse, so laws protect them from retaliation, such as demotion and firing. For Department of Veterans Affairs employees, the Office of Special Counsel—an independent agency—and an office within VA both investigate retaliation against whistleblowers. But VA doesn’t track all actions taken to protect whistleblowers after retaliation. This incomplete record makes it hard to determine if the...

IASB

Agenda announced for the IFRS Sustainability Symposium 2025
7 Aug 2025

IRS

IR-2025-82, Aug. 7, 2025 — The IRS today announced that, as part of its phased implementation of the One Big Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for Tax Year 2025 related to the new law.

IR-2025-81, Aug. 6, 2025 — The Internal Revenue Service today issued a reminder that employers can continue to use educational assistance programs to help employees pay down student loans through December 31, 2025.

IR-2025-80, Aug. 5, 2025 — The Internal Revenue Service reminded tax professionals that space is filling up quickly for the remaining 2025 IRS Nationwide Tax Forum events. The Chicago, New Orleans and San Diego forums sold out, and the IRS encourages those planning to attend in Orlando or Baltimore to register before the standard rate deadlines.

PCAOB

2025-104

Washington D.C., Aug. 5, 2025 — The Securities and Exchange Commission’s Division of Corporation Finance today issued a statement regarding certain liquid staking activities.

2025-104

Washington D.C., Aug. 5, 2025 — The Securities and Exchange Commission’s Division of Corporation Finance today issued a statement regarding certain liquid staking activities.

TIGTA