Regulatory Roundup - Dec. 18, 2018–Jan. 7, 2019

By:
Chris Gaetano
Published Date:
Jan 7, 2019

CBO 

Cost Estimate
Consolidated Appropriations Act, 2019, and a Joint Resolution Making Further Continuing Appropriations for the Department of Homeland Security for Fiscal Year 2019, and for Other Purposes
January 2, 2019

Cost Estimate
H.R. 695, Further Additional Continuing Appropriations Act, 2019, Medicaid Extenders, and Additional Supplemental Appropriations for Disaster Relief, 2019

December 21, 2018

Cost Estimate
S. 2948, Payment Integrity Information Act of 2018
December 21, 2018

​Report
Possible Higher Spending Paths for Veterans' Benefits

Cost Estimate
H.R. 6158, Brokered Deposit Affiliate-Subsidiary Modernization Act of 2018

December 20, 2018

Cost Estimate
H.R. 88, Retirement, Savings, and Other Tax Relief Act of 2018 and Taxpayer First Act of 2018

December 20, 2018

Cost Estimate
S. 1457, Advanced Nuclear Energy Technologies Act
December 20, 2018

Report
Transparency at CBO: Future Plans and a Review of 2018


Report
A Review of CBO’s Estimate of the Effects of the Recovery Act on SNAP

Cost Estimate
S. 2788, a bill to repeal the Act entitled “An Act to confer jurisdiction on the State of North Dakota over offenses committed by or against Indians on the Devils Lake Indian Reservation”

December 20, 2018

Cost Estimate
H.R. 6743, Consumer Information Notification Requirement Act

December 20, 2018

Cost Estimate
H.R. 5054, Small Company Disclosure Simplification Act of 2018

December 20, 2018

Cost Estimate
Senate Amendment 4163 to H.R. 695, Further Additional Continuing Appropriations Act, 2019, and Medicaid Extenders

December 19, 2018

Cost Estimate
H.R. 5534, GUIDE Compliance Act

December 19, 2018

​Report
Measuring the Costs of Federal Insurance Programs: Cash or Accrual?

Cost Estimate
H.R. 6255, a bill to amend title 18, United States Code, to establish measures to combat invasive lionfish, and for other purposes

December 19, 2018

​Report
The Accuracy of CBO's Baseline Estimates for Fiscal Year 2018

Report
The Accuracy of CBO's Baseline Estimates for Fiscal Year 2018

Cost Estimate
H.R. 299, Blue Water Navy Vietnam Veterans Act of 2018, as passed by the House of Representatives on June 25, 2018

December 18, 2018

Cost Estimate
H.R. 6652, a bill to direct the Secretary of the Interior to convey certain facilities, easements, and rights-of-way to the Kennewick Irrigation District, and for other purposes

December 18, 2018

Cost Estimate
H.R. 6771, Domestic Offshore Energy Reinvestment Act of 2018

December 17, 2018

GAO

Tobacco Exports:
Agencies Have Implemented Restrictions on Promoting Tobacco Overseas but Additional Actions Could Strengthen Their Efforts
GAO-19-124:Published: Dec 6, 2018. Publicly Released: Jan 4, 2019.

Foreign-Trade Zones:
Board Should Document Consideration of All Required Criteria When Evaluating Applications
GAO-19-91:Published: Nov 27, 2018. Publicly Released: Dec 27, 2018.

DOD Depot Workforce:
Services Need to Assess the Effectiveness of Their Initiative to Maintain Critical Skills [Reissued with revisions on Dec. 26, 2018.]
GAO-19-51:Published: Dec 14, 2018. Publicly Released: Dec 26, 2018.

Dodd-Frank Regulations:
Consumer Financial Protection Bureau Needs a Systematic Process to Prioritize Consumer Risks

GAO-19-158: Published: Dec. 21, 2018 Publicly Released: Dec. 21, 2018

Medicare Fee-For-Service:
Information on the Second Year of Nationwide Reduced Payment Rates for Durable Medical Equipment
GAO-19-153R: Published: Dec. 21, 2018 Publicly Released: Dec. 21, 2018

Project Management:
DOE and NNSA Should Improve Their Lessons-Learned Process for Capital Asset Projects
GAO-19-25: Published: Dec. 21, 2018 Publicly Released: Dec. 21, 2018

Small Business Innovation Research:
Few Agencies Made Awards to Small Businesses Majority-Owned by Multiple Venture Capital Operating Companies, Hedge Funds, or Private Equity Firms
GAO-19-205R: Published: Dec. 21, 2018 Publicly Released: Dec. 21, 2018

Troubled Asset Relief Program:
Monitoring of the Hardest Hit Fund Program Could Be Strengthened
GAO-19-100: Published: Dec. 21, 2018 Publicly Released: Dec. 21, 201

Airport Funding:
Alternative Methods for Collecting Airports' Passenger Facility Charges and Implementation Factors to Consider
GAO-19-238R: Published: Dec. 20, 2018 Publicly Released: Dec. 20, 2018

Defense Science and Technology:
Actions Needed to Enhance Use of Laboratory Initiated Research Authority
GAO-19-64: Published: Dec. 20, 2018 Publicly Released: Dec. 20, 2018

Federal Building Security:
Actions Needed to Help Achieve Vision for Secure, Interoperable Physical Access Control
GAO-19-138: Published: Dec. 20, 2018 Publicly Released: Dec. 20, 2018

Information Security:
Significant Progress Made, but CDC Needs to Take Further Action to Resolve Control Deficiencies and Improve Its Program
GAO-19-70: Published: Dec. 20, 2018 Publicly Released: Dec. 20, 2018

Supplemental Nutrition Assistance Program:
More Complete and Accurate Information Needed on Employment and Training Programs
GAO-19-56: Published: Nov. 20, 2018 Publicly Released: Dec. 20, 2018

Army Corps of Engineers:
Budget Requests Included Construction Projects Located in Over 30 States, Selected Using a Multi-level Process
GAO-19-99: Published: Dec. 19, 2018 Publicly Released: Dec. 19, 2018

Asbestos in GSA Buildings:
Improved Data Would Enhance Oversight
GAO-19-45R: Published: Nov. 19, 2018 Publicly Released: Dec. 19, 2018

Critical Infrastructure Protection:
Actions Needed to Address Significant Weaknesses in TSA's Pipeline Security Program Management
GAO-19-48: Published: Dec. 18, 2018 Publicly Released: Dec. 19, 2018

Critical Infrastructure Protection:
Protecting the Electric Grid from Geomagnetic Disturbances
GAO-19-98: Published: Dec. 19, 2018 Publicly Released: Dec. 19, 2018

Department of Agriculture:
Analysis of Selected Data Centers Did Not Follow Federal Guidance and Leading Practices
GAO-19-146R: Published: Dec. 19, 2018 Publicly Released: Dec. 19, 2018

Financial Technology:
Agencies Should Provide Clarification on Lenders' Use of Alternative Data
GAO-19-111: Published: Dec. 19, 2018 Publicly Released: Dec. 19, 2018

Security Force Assistance:
U.S. Advising of Afghan National Army Has Expanded since 2015, and the U.S. Army Has Deployed a New Advising Unit
GAO-19-251R: Published: Dec. 19, 2018 Publicly Released: Dec. 19, 2018

Buy American Act:
Actions Needed to Improve Exception and Waiver Reporting and Selected Agency Guidance
GAO-19-17: Published: Dec. 18, 2018 Publicly Released: Dec. 18, 2018

Information Security:
Agencies Need to Improve Implementation of Federal Approach to Securing Systems and Protecting against Intrusions
GAO-19-105: Published: Dec. 18, 2018 Publicly Released: Dec. 18, 2018

GASB

GASB Issues Proposed Implementation Guide on Fiduciary Activities  [01/03/19]
Media Advisory
Exposure Draft

IASB

04 January 2019
January 2018 IFRIC meeting papers and agenda posted

02 January 2019
IFRS Foundation December news summary published

02 January 2019
Agenda papers posted for January 2019 meeting of Management Commentary Consultative Group

IRS

IRS issues guidance on Section 179 expenses and Section 168(g) depreciation under Tax Cuts and Jobs Act
IR-2018-257, December 21, 2018 — The IRS issued Revenue Procedure 2019-08 today to provide guidance on deducting expenses under Section 179(a) and on deducting depreciation under Section 168(g).

IRS takes additional steps to protect taxpayer data; partners with tax professionals
IR-2018-256, December 19, 2018 — After working with the tax preparation community, the IRS today announced it would stop its tax transcript faxing service as of Feb. 4, 2019, and offer a more secure alternative to taxpayers and tax professionals.

IRS: Make an estimated tax payment now to avoid a tax time surprise
IR-2018-255, December 19, 2018 — The IRS today advised employees, whose 2018 federal income tax withholding unexpectedly falls short of their tax liability for the year, that they can still avoid a tax-time surprise by making a quarterly estimated tax payment directly to the IRS.

IRS issues guidance on changes to excess business and net operating losses
IR-2018-254, December 18, 2018 — The IRS issued guidance on excess business loss limitations and net operating losses following law changes in the Tax Cuts and Jobs Act (TCJA).

IRS, Security Summit partners warn tax professionals of fake payroll direct deposit and wire transfer emails
IR-2018-253, December 17, 2018 — The IRS and its Security Summit partners today warned tax professionals of an uptick in phishing emails targeting them that involve payroll direct deposit and wire transfer scams.

NYS Dept. of Taxation and Finance

New for 2019: Senior Citizens Must Enroll in Income Verification Program for Property Tax Break
January 2, 2019​

Governor Cuomo Announces $13.5 Million to Combat Tax Evasion and Welfare Fraud Statewide
December 31, 2018

SEC

JPMorgan to Pay More Than $135 Million for Improper Handling of ADRs
Dec. 26, 2018

Agencies Invite Comment on a Proposal to Exclude Community Banks from the Volcker Rule     
Dec. 21, 2018

Martha Miller Named Advocate for Small Business Capital Formation
Dec. 21, 2018

Two Advisory Firms, CEO Charged With Mutual Fund Share Class Disclosure Violations 
Dec. 21, 2018    
                                                                                                           
SEC Charges Audit Firm and Suspends Accountants for Deficient Audits
Dec. 21, 2018

SEC Staff Encourages Continued Engagement on Impact of MiFID II Research Provisions 
Dec. 21, 2018

SEC Charges Two Robo-Advisers With False Disclosures
Dec. 21, 2018

SEC Office of Compliance Inspections and Examinations Announces 2019 Examination Priorities
Dec. 20, 2018  

SEC Adopts Transaction Fee Pilot for NMS Stocks                                                               
Dec. 19, 2018

SEC Adopts Final Rules to Allow Exchange Act Reporting Companies to Use Regulation A       
Dec. 19, 2018

SEC Charges Additional 13 Unregistered Brokers Who Sold Woodbridge Securities to Retail Investors
Dec. 19, 2018

SEC Proposes Rule Changes for Fund of Funds Arrangements
Dec. 19, 2018

SEC Proposes Risk Mitigation Techniques for Uncleared Security-Based Swaps
Dec. 19, 2018

SEC Adopts Rule of Practice 194
Dec. 19, 2018

SEC Approves 2019 PCAOB Budget and Accounting Support Fee
Dec. 19, 2018

SEC Adopts Final Rules for Disclosure of Hedging Policies 
Dec. 18, 2018

SEC Charges Former Panasonic Executives 
Dec. 18, 2018                                                                     

SEC Publishes Two Reports on Credit Rating Agencies Showing Continued Focus on Compliance and Competition           
Dec. 18, 2018

Daniel Kahl Named Deputy Director of the Office of Compliance Inspections and Examinations     
Dec. 18, 2018

SEC Solicits Public Comment on Earnings Releases and Quarterly Reports
Dec. 18, 2018

Scott W. Bauguess, Deputy Director of the Division of Economic and Risk Analysis, to Leave the Agency After a Decade of Service
Dec. 17, 2018

 

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