Regulatory Roundup Sept. 20-26

By:
Zach Simeone and Ruth Singleton
Published Date:
Sep 26, 2017

CBO

Cost Estimate
H.R. 2997, 21st Century Aviation Innovation, Reform, and Reauthorization Act
September 25, 2017

Blog Post
Today CBO Aims to Issue Preliminary Analysis of H.R. 1628, an Amendment in the Nature of a Substitute [LYN17744]
September 25, 2017

Presentation
Approaches for Increasing the Productivity of Federal Infrastructure Spending
September 25, 2017

Cost Estimate
Preliminary Analysis of Legislation That Would Replace Subsidies for Health Care With Block Grants
September 25, 2017

Cost Estimate
S. 1285, Oregon Tribal Economic Development Act
September 25, 2017

Cost Estimate
H.R. 390, Iraq and Syria Genocide Emergency Relief and Accountability Act of 2017

September 22, 2017

Cost Estimate
H.R. 3551, C-TPAT Reauthorization Act of 2017
September 22, 2017

Cost Estimate
H.R. 3737, Social Media Use in Clearance Investigations Act of 2017
September 22, 2017

Cost Estimate
H.R. 2410, Sickle Cell Disease Research, Surveillance, Prevention, and Treatment Act of 2017
September 22, 2017

Cost Estimate
H.R. 3726, Stark Administrative Simplification Act of 2017
September 22, 2017

Cost Estimate
H.R. 2331, Connected Government Act
September 22, 2017

Cost Estimate
S. 1208, Strengthening the Department of Homeland Security Secure Mail Initiative Act
September 22, 2017

Cost Estimate
H.R. 1222, Congenital Heart Futures Reauthorization Act of 2017
September 22, 2017

Cost Estimate
H.R. 3727, Increasing Telehealth Access in Medicare Act
September 22, 2017

Cost Estimate
H.R. 3387, Drinking Water System Improvement Act of 2017
September 22, 2017

Cost Estimate
H.R. 2199, Federal Land Asset Inventory Reform Act of 2017
September 22, 2017

Cost Estimate
H.R. 1418, a bill to amend the Alaska Native Claims Settlement Act to provide that Alexander Creek, Alaska, is and shall be recognized as an eligible Native village under that Act, and for other purposes
September 22, 2017

Cost Estimate
S. 1761, Intelligence Authorization Act for Fiscal Year 2018

September 21, 2017

Cost Estimate
H.R. 1701, EGO Act
September 20, 2017

Cost Estimate
H.R. 2792, Control Unlawful Fugitive Felons Act of 2017
September 20, 2017

Cost Estimate
H.R. 2824, Increasing Opportunity and Success for Children and Parents through Evidence-Based Home Visiting Act
September 20, 2017

Cost Estimate
H.R. 772, Common Sense Nutrition Disclosure Act of 2017
September 20, 2017

Cost Estimate
H.R. 984, Thomasina E. Jordan Indian Tribes of Virginia Federal Recognition Act of 2017
September 20, 2017

Cost Estimate
H.R. 1491, Santa Ynez Band of Chumash Indians Land Affirmation Act of 2017

September 20, 2017

Cost Estimate
H.R. 620, ADA Education and Reform Act of 2017
September 20, 2017 

Cost Estimate
H.R. 2851, Stop the Importation and Trafficking of Synthetic Analogues Act of 2017
September 20, 2017

FASB

FASB Proposes Clarifications to Land Easements Application Guidance in New Leases Standard
News Release, September 25, 2017

FASB Makes Decisions on Agenda Invitation to Comment

News Release, September 20, 2017

Private Company Council Meeting Recap
September 19, 2017, Meeting Recap

GAO

Aviation Security:
TSA's Efforts to Assess Foreign Airports and Inspect Air Carriers

GAO-17-808T: Published: Sep 26, 2017. Publicly Released: Sep 26, 2017.

Coast Guard:
Status of Polar Icebreaking Fleet Capability and Recapitalization Plan

GAO-17-698R: Published: Sep 25, 2017. Publicly Released: Sep 25, 2017. 

Small Business Contracting:
Actions Needed to Demonstrate and Better Review Compliance with Select Requirements for Small Business Advocates

GAO-17-675: Published: Aug 25, 2017. Publicly Released: Sep 25, 2017.

Veterans Health Care:
Additional Actions Could Further Improve Policy Management

GAO-17-748: Published: Sep 22, 2017. Publicly Released: Sep 22, 2017

Telecommunications:

Agencies Need to Apply Transition Planning Practices to Reduce Potential Delays and Added Costs
GAO-17-464: Published: Sep 21, 2017. Publicly Released: Sep 21, 2017.

Budget Issues:
Budget Uncertainty and Disruptions Affect Timing of Agency Spending

GAO-17-807T: Published: Sep 20, 2017. Publicly Released: Sep 20, 2017.

Commercial Aviation:
Information on Airline Fees for Optional Services

GAO-17-756: Published: Sep 20, 2017. Publicly Released: Sep 20, 2017.

Higher Education:

Education Should Address Oversight and Communication Gaps in Its Monitoring of the Financial Condition of Schools
GAO-17-555: Published: Aug 21, 2017. Publicly Released: Sep 20, 2017.

Investment Management:

Key Practices Could Provide More Options for Federal Entities and Opportunities for Minority- and Women-Owned Asset Managers
GAO-17-726: Published: Sep 13, 2017. Publicly Released: Sep 20, 2017.

IASB

26 September 2017
Conceptual Framework project discussed at the September 2017 World Standard-setters conference

22 September 2017
New materials: The role of the IFRS Interpretations Committee in supporting IFRS Standards

22 September 2017
September 2017 IASB Update published and work plan updated

22 September 2017
September 2017 IFRIC Update published

22 September 2017

September 2017 ASAF meeting—agenda papers available

21 September 2017
IASB announces composition of the Transition Resource Group for IFRS 17 Insurance Contracts

IRS

IRS Offers Help to Hurricane Victims: A Recap of Key Tax Relief Provisions Available Following Harvey, Irma and Maria
IR-2017-160, Sept. 26, 2017 — The IRS today offered a rundown of key tax relief that has been made available to victims of Hurricanes Harvey, Irma and Maria.

Update: IRS Extends Waiver of Diesel Fuel Penalty Following Continuing Shortage of Undyed Diesel Due to Hurricane Irma
IR-2017-159, Sept. 25, 2017 – The Internal Revenue Service (IRS), in response to continued shortages of undyed diesel fuel caused by Hurricane Irma, will extend its waiver of penalties for dyed diesel fuel, first announced in IR-2017-149, when such fuel is sold for use or used on the highway in the state of Florida.

IRS Issues Guidance for Allowance of Credit for Increasing Research Activities
IR-2017-158, Sept. 22, 2017 — The IRS has issued guidance to Large Business & International Division examiners regarding the examination of the credit for increasing research activities under IRC Section 41 claimed by LB&I taxpayers.

NYS Dept. of Taxation and Finance

Don’t Wait! Deadline Looms for Taxpayers Filing Personal Income Tax Returns on Extension The New York State Department of Taxation and Finance today reminded New Yorkers who obtained a filing extension that they must file their NYS income tax return on or before October 16.

Three State Agencies Partner with the Queens Library to Host Workshops for the Self-Employed Three state agencies have partnered with the Queens Library to sponsor free workshops aimed at helping business owners and independent contractors start and grow a business on a solid foundation. At two sessions—both on Tuesday, September 26, at two different library branches—the agencies will provide tips to the attendees on how to thrive on their own and as they add employees to their operations.

PCAOB

PCAOB Solicits Additional Public Comment on Proposed New Requirements for Lead Auditor’s Use of Other Auditors
WASHINGTON, Sept. 26, 2017
The Public Company Accounting Oversight Board today issued a supplemental request for commentPDF on a proposal that would strengthen existing requirements and impose a more uniform approach to a lead auditor's use of other auditors.

PCAOB to Hold Open Meeting Sept. 26 to Consider Supplemental Request for Comment on New Requirements for an Auditor’s Use of Other Auditors
WASHINGTON, Sept. 21, 2017
The Public Company Accounting Oversight Board will hold an Open Meeting on Tuesday, September 26, at 9 a.m., to consider issuing a supplemental request for comment on certain revisions to new requirements proposed last year that would apply to audits that involve auditors outside the firm issuing the audit report.

SEC

SEC Announces Enforcement Initiatives to Combat Cyber-Based Threats and Protect Retail Investors
Sept. 25, 2017

Pharmaceutical Company Paying Penalty for Misleading Investors About Sales Metric
Sept. 22, 2017

SEC Announces Agenda for October 12 Investor Advisory Committee Meeting Welcomes New Members Allison A. Bennington and Mina Nguyen
Sept. 22, 2017

SEC Suspends Trading in Company Purporting Involvement in Hurricane Harvey Relief Efforts
Sept. 22, 2017

SEC Adopts Interpretive Guidance on Pay Ratio Rule
Sept. 21, 2017

Telecommunications Company Paying $965 Million For FCPA Violations
Sept. 21, 2017

SEC Chairman Clayton Issues Statement on Cybersecurity
Sept. 20, 2017

Thomas J. Butler Named an Associate Regional Director for Examinations in New York Regional Office
Sept. 20, 2017

CEO Charged With Using Secret Accounts for Insider Trading in Company Stock
Sept. 20, 2017

TIGTA

Improvements Are Needed to Ensure That the Volunteer Income Tax Assistance Grant Program Extends Tax Return Preparation to Underserved Populations
WASHINGTON — Improvements are needed in the Internal Revenue Service’s (IRS) Volunteer Income Tax Assistance Grant Program to ensure that the program extends tax return preparation to underserved populations, according to a new report released publicly today by the Treasury Inspector General for Tax Administration (TIGTA). The Volunteer Income Tax Assistance (VITA) program provides tax preparation assistance to low-income taxpayers in urban and non-urban locations, persons with disabilities, elderly taxpayers, non-English speaking individuals, and Native Americans.



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