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News

Regulatory Roundup: October 29 - November 4

By:
Karen Sibayan
Published Date:
Nov 4, 2024

AICPA

Oct 31, 2024

Oct 30, 2024 

Oct 29, 2024

Oct 28, 2024

CBO

Cost Estimate
H.R. 9718, Extending and Enhancing U.S.-U.K. Nuclear Cooperation for Mutual Defense Purposes Act
November 4, 2024
As ordered reported by the House Committee on Foreign Affairs on September 24, 2024

Cost Estimate
November 1, 2024
As ordered reported by the House Committee on Financial Services on April 17, 2024

Cost Estimate
November 1, 2024
As reported by the House Committee on Science, Space, and Technology on July 25, 2024

Cost Estimate
November 1, 2024
As ordered reported by the House Committee on Science, Space, and Technology on September 11, 2024

Cost Estimate
November 1, 2024
As reported by the Senate Committee on Health, Education, Labor, and Pensions on June 18, 2024

Cost Estimate
November 1, 2024
As reported by the Senate Committee on Health, Education, Labor, and Pensions on June 18, 2024

Cost Estimate
October 31, 2024
As ordered reported by the House Committee on Energy and Commerce on June 12, 2024

Cost Estimate
October 31, 2024
As ordered reported by the House Committee on the Judiciary on September 25, 2024

Cost Estimate
October 31, 2024
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on September 25, 2024

Presentation
October 30, 2024
Presentation by Lara Robillard, an analyst in CBO’s Budget Analysis Division, at AcademyHealth’s Health Policy Orientation.

Interactive
October 29, 2024

This interactive workbook allows users to see how revenues and outlays that differed from those in CBO’s June 2024 baseline budget projections would increase or decrease net interest costs and thus affect deficits and debt.

FASB

October 30, 2024

October 29, 2024

GAO

Red Hill Fuel Storage:
DOD's Contract Approaches and Oversight before and after the 2021 Fuel Leaks
GAO-25-106572
Published:  . Publicly Released:  .
In 2021, Navy personnel accidentally caused 2 fuel leaks at Red Hill—a Navy facility on the island of O'ahu. The leaks contaminated drinking water for 93,000 people in the area. The Navy is working on closing this facility. Before the leaks, several DOD organizations had roles at Red Hill and contractors provided maintenance services. We reviewed contractors' roles at Red Hill. We also reported on...

GAO-25-107564
Published: Nov 1, 2024 . Publicly Released: Nov 1, 2024 .

The U.S. Victims of State Sponsored Terrorism Fund compensates victims of terrorism and their immediate family members. As of August 2024, it had distributed about $3.4 billion. We determined 2,081 victims of the 1983 Beirut barracks and 1996 Khobar Towers bombings were eligible to receive payments. Payments to these victims would total about $614 million. However, Fund guidance may have discouraged an additional 274 victims...

GAO-24-106960
Published: Sep 30, 2024 . Publicly Released: Oct 30, 2024 .

Not having access to affordable menstrual products (e.g., tampons or pads) may affect individuals' school attendance, employment, and mental and physical health. Our Q&A report examines states' coverage of menstrual products in their Medicaid programs. Coverage of these products is not a Medicaid benefit. But some Medicaid managed care plans may voluntarily cover some costs for eligible enrollees. We identified 25 states with at least...

Published: Oct 29, 2024 . Publicly Released: Oct 30, 2024 .

GAO-25-107025
Published: Oct 30, 2024 . Publicly Released: Oct 30, 2024 .
The Coast Guard carries out varied duties, including Arctic patrols, cybersecurity, and trying to stop illegal fishing in the Western Hemisphere. Its training command delivered more than 400 unique training courses to more than 23,000 Coast Guard students in FY 2023. We found the Coast Guard for the most part followed sound practices when developing, implementing, and evaluating its training. However, it could improve how...

GAO-25-106208
Published: Oct 30, 2024 . Publicly Released: Oct 30, 2024 .
Due to rising costs, service members and their families are increasingly feeling the pinch of a competitive housing market. The Department of Defense relies on the private sector to house the majority of its service members. But it doesn't track how limited housing supply and affordability issues have affected personnel. Service members told us about challenges they face despite receiving housing allowances. For example, some...
GAO-25-106394
Published: Oct 30, 2024 . Publicly Released: Oct 30, 2024 .

The Department of Homeland Security uses Federally Funded Research and Development Centers to work on projects that DHS or contractors can't do as effectively. Since 2004, DHS has committed over $3 billion to projects at the centers, which are run by non-profit organizations. DHS reviews proposed research and development projects, including center projects, to check if they overlap—i.e., unnecessarily pursue the same goals. But 5...

IASB

1 Nov 2024

31 Oct 2024

30 Oct 2024

29 Oct 2024

29 Oct 2024
 

29 Oct 2024

28 Oct 2024

28 Oct 2024

IRS

IR-2024-285, Nov. 1, 2024 — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024.

IR-2024-284, Oct. 29, 2024 — The IRS today announced the selection of the first Associate Chief Counsel for the newly created Passthroughs, Trusts and Estates office that will focus exclusively on partnerships, S corporations, trusts and estates. Staffing for this office will be drawn from the current Passthroughs and Special Industries office.

IR-2024-283, Oct. 28, 2024 — As National Cybersecurity Awareness Month concludes and preparation for next tax season begins, the Internal Revenue Service and its Security Summit partners today reminded taxpayers to be wary of online threats like identity theft and fraud.

NYC

November 1, 2024

PCAOB

Oct. 31, 2024
 
Oct. 30, 2024
 
Oct. 29, 2024
 

SEC

2024-178

Washington D.C., Oct. 31, 2024 — The Securities and Exchange Commission today charged J.P. Morgan Securities LLC (JPMS) and J.P. Morgan Investment Management Inc. (JPMIM) – both affiliates of JPMorgan Chase & Co. (JP Morgan) – in five separate enforcement actions for failures including misleading disclosures to investors, breach of fiduciary duty, prohibited joint transactions and principal trades, and failures to make recommendations in the best interest of customers.

2024-177
Washington D.C., Oct. 30, 2024 — The Securities and Exchange Commission today announced four new members of the Small Business Capital Formation Advisory Committee. The new members were appointed to four-year terms and will join the 14 current Commission-appointed committee members.