Regulatory Roundup - Feb. 7-13

By:
Chris Gaetano
Published Date:
Feb 13, 2018

CBO 

Cost Estimate
H.R. 4979, a bill to extend the Generalized System of Preferences and to make technical changes to the competitive need limitations provision of the program
February 12, 2018

Cost Estimate
H.R. 4581, Screening and Vetting Passenger Exchange Act of 2017
February 12, 2018

Cost Estimate
H.R. 2948, a bill to amend the S.A.F.E. Mortgage Licensing Act of 2008 to provide a temporary license for loan originators transitioning between employers, and for other purposes
February 12, 2018

Cost Estimate
H.R. 4545, Financial Institutions Examination Fairness and Reform Act
February 12, 2018

Cost Estimate
S. 1791, Presidential Allowance Modernization Act of 2017
February 12, 2018

Cost Estimate
H.R. 3131, Endangered Species Litigation Reasonableness Act
February 12, 2018

Cost Estimate
H.R. 2226, Portfolio Lending and Mortgage Access Act
February 9, 2018

Cost Estimate
S. 951, Regulatory Accountability Act of 2017
February 8, 2018

Cost Estimate
H.R. 3948, Protection of Source Code Act
February 8, 2018

Cost Estimate
H.R. 4560, GSE Jumpstart Reauthorization Act of 2017
February 8, 2018

Cost Estimate
S. 1870, SURVIVE Act
February 8, 2018

Cost Estimate
Bipartisan Budget Act of 2018
February 8, 2018

Cost Estimate
H.R. 3133, SEA Act of 2017
February 8, 2018

Cost Estimate
H.R. 4768, National Strategy for Combating the Financing of Transnational Criminal Organizations Act
February 8, 2018

Cost Estimate
H.R. 805, Tulare Youth Recreation and Women’s History Enhancement Act
February 8, 2018

Cost Estimate
H.R. 4537, International Insurance Standards Act of 2017
February 8, 2018

Cost Estimate
H.R. 1417, National Law Enforcement Museum Exhibits Act
February 8, 2018

Cost Estimate
Direct Spending and Revenue Effects of Division C of Senate Amendment 1930, the Bipartisan Budget Act of 2018
February 8, 2018

Cost Estimate
Direct Spending Effects of Division F of Senate Amendment 1930, the Bipartisan Budget Act of 2018
February 8, 2018

Cost Estimate
Direct Spending and Revenue Effects of Division E of Senate Amendment 1930, the Bipartisan Budget Act of 2018
February 8, 2018

Cost Estimate
H.R. 3607, a bill to authorize the Secretary of the Interior to establish fees for medical services provided in units of the National Park System, and for other purposes
February 7, 2018

Cost Estimate
H.R. 1865, Allow States and Victims to Fight Online Sex Trafficking Act of 2017
February 7, 2018

Cost Estimate
H.R. 2666, AMBER Alert in Indian Country Act of 2017
February 7, 2018

Report
Monthly Budget Review for January 2018
February 7, 2018

Report
Factors Affecting the Labor Force Participation of People Ages 25 to 54
February 7, 2018

Blog Post
How Does CBO Prepare Its Baseline Projections and Cost Estimates?
February 7, 2018

FAF

Financial Accounting Foundation Board of Trustees  [02/13/18]
Meeting Notice

GAO

Federal Law Enforcement:
DHS and DOJ Are Working to Enhance Responses to Incidents Involving Individuals with Mental Illness
GAO-18-229:Published: Feb 8, 2018. Publicly Released: Feb 8, 2018.

Innovative Manufacturing:
Commerce Has Continued Efforts to Create a Loan Guarantee Program, but Future Steps Are Uncertain
GAO-18-276R:Published: Feb 8, 2018. Publicly Released: Feb 8, 2018.

Workforce Innovation and Opportunity Act:
Federal Agencies' Collaboration Generally Reflected Leading Practices, but Could Be Enhanced
GAO-18-171:Published: Feb 8, 2018. Publicly Released: Feb 8, 2018.

Substance-Affected Infants:
Additional Guidance Would Help States Better Implement Protections for Children
GAO-18-196:Published: Jan 19, 2018. Publicly Released: Feb 8, 2018.

Medicare Fee-For-Service:
Modernizing Cost-sharing Design Would Involve Trade-offs, the Results of Which Would Depend on Time Horizon
GAO-18-100:Published: Jan 9, 2018. Publicly Released: Feb 8, 2018.

Critical Infrastructure Protection:
Electricity Suppliers Have Taken Actions to Address Electromagnetic Risks, and Additional Research Is Ongoing
GAO-18-67:Published: Feb 7, 2018. Publicly Released: Feb 7, 2018.

Department of Education:
Resource and Achievement Trends
GAO-18-154:Published: Feb 7, 2018. Publicly Released: Feb 7, 2018.

IASB

13/02/18
All papers for Advisory Council February meeting available

13/02/18
February 2018 TRG for IFRS 17 meeting summary and podcast available

12/02/18
Join the IFRS Foundation—Technical Principal required

09/02/18
Panel debate—Hong Kong and IFRS Standards: past, present and future

08/02/18
Nick Anderson: Financial reporting remains core to the investment process

08/02/18
Summary of December 2017 ASAF meeting available

07/02/18
First technical discussion of the Transition Resource Group for Insurance Contracts

07/02/18
IFRS Foundation appoints Lee White as Executive Director

07/02/18
International Accounting Standards Board issues narrow-scope amendments to pension accounting

07/02/18
Webinar: Business Combinations under Common Control—recording now available

IRS 

Avoid the Rush: Track Tax Refunds Online at IRS.gov
IR-2018-26, Feb. 13, 2018 — With millions of tax refunds being processed, the IRS reminds taxpayers they can get fast answers about their refund by using the "Where's My Refund?" tool available on IRS.gov and through the IRS2Go app.

IRS Issues Guidance on Changes in Accounting Periods Related to the Transition Tax
IR-2018-25, Feb. 13, 2018 — The Treasury Department and the IRS today announced modifications to the procedures for changing the accounting period of foreign corporations owned by U.S. shareholders that are subject to the transition tax under the Tax Cuts and Jobs Act.

IRS Names 8 New IRPAC Members
IR-2018-24, Feb. 12, 2018 — The IRS announced today the selection of eight new members and 14 reinstated members for the Information Reporting Program Advisory Committee (IRPAC), which provides a forum for IRS officials and members of the public to address information reporting issues.

Avoid the Rush: Use IRS.gov Online Tools to Answer Questions
IR-2018-23, Feb. 12, 2018 — With a surge of tax returns expected during the upcoming Presidents Day weekend, the Internal Revenue Service offers taxpayers several tips and time-saving resources to get them the help they need quickly and easily.

IRS Statement on Retroactive Extender Provisions
Feb. 9, 2018 - The IRS is reviewing the legislation signed Feb. 9 that retroactively extended and modified numerous tax provisions covering 2017

IRS: Avoid the Rush over Presidents Day Holiday; Online Tools, Resources Can Help
IR-2018-22, Feb. 8, 2018 — With the surge of tax returns expected during the upcoming Presidents Day weekend, the IRS is offering taxpayers several tips and various time-saving resources to get them the help they need from the IRS quickly and easily.

Key IRS Identity Theft Indicators Continue Dramatic Decline in 2017; Security Summit Marks 2017 Progress Against Identity Theft
IR-2018-21, Feb. 8, 2018 –The Internal Revenue Service today announced steep declines in tax-related identity theft in 2017, attributing the success to the Security Summit initiatives that help safeguard the nation’s taxpayers.

To Help Taxpayers, IRS Clarifies Some Common Early Filing Season Myths
IR-2018-20, Feb. 7, 2018 — With the 2018 filing season in full swing, the IRS today offered taxpayers some basic tax and refund tips to clear up some common misbeliefs.

NYS Dept. of Taxation and Finance

Governor Cuomo Announces 30-Day Amendments to Include Legislation to Protect New Yorkers from Federal Tax Increases

Receive Your NYS Tax Refund Up to Two Weeks Sooner

Take Advantage of Free Tax Filing Options Available to Many New Yorkers

Governor Cuomo Launches Tax Fairness for New York Campaign

SEC

SEC Launches Share Class Selection Disclosure Initiative to Encourage Self-Reporting and the Prompt Return of Funds to Investors
Washington D.C., Feb. 12, 2018 —The Division of Enforcement of the Securities and Exchange Commission today announced a self-reporting initiative that seeks to protect advisory clients from undisclosed conflicts of interest and return money to investors. Under the Share Class Selection Disclosure Initiative (SCSD Initiative), the Division will agree not to recommend financial penalties against investment advisers who self-report violations of the federal securities laws relating to certain mutual fund share class selection issues and promptly return money to harmed clients.

Investor Protection, Capital Formation and Market Integrity Are Top Priorities in SEC Budget Request
Washington D.C., Feb. 12, 2018 —The Securities and Exchange Commission today announced a $1.658 billion budget request for fiscal year 2019 to support its core mission and expand oversight and enforcement in emerging areas such as financial innovation, market structure and cybersecurity. The SEC’s funding is offset by matching collections of fees on securities transactions and is budget and deficit neutral.

Deutsche Bank to Repay Misled Customers
Washington D.C., Feb. 12, 2018 —The Securities and Exchange Commission today instituted an enforcement action against Deutsche Bank Securities Inc., which has agreed to repay more than $3.7 million to customers, which includes $1.48 million that was ordered as disgorgement. The SEC’s investigation found that traders and salespeople made false and misleading statements while negotiating sales of commercial mortgage-backed securities (CMBS). 

SEC Office of Compliance Inspections and Examinations Announces 2018 Examination Priorities
Washington D.C., Feb. 7, 2018 —The Securities and Exchange Commission's Office of Compliance Inspections and Examinations (OCIE) today announced its 2018 examination priorities. OCIE publishes its exam priorities annually to improve compliance, prevent fraud, monitor risk, and inform policy. Of particular interest this year will be matters involving critical market infrastructure, duties to retail investors, and developments in cryptocurrency, initial coin offerings, and secondary market trading.

TIGTA

February 12, 2018
Actions Are Needed to Reduce the Risk of Fraudulent Use of Employer Identification Numbers and to Improve the Effectiveness of the Application Process [PDF]
»Press Release

February 8, 2018
Electronic Authentication Process Controls Have Been Improved, but Have Not Yet Been Fully Implemented [PDF]
»Press Release

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