Regulatory Roundup - Jan. 7-13

By:
Chris Gaetano
Published Date:
Jan 13, 2020

CBO 

Cost Estimate
H.R. 133, United States-Mexico Economic Partnership Act
January 9, 2020
As reported by the Senate Committee on Foreign Relations on December 17, 2019

Cost Estimate
H.R. 370, Pipeline and LNG Facility Cybersecurity Preparedness Act
January 9, 2020
As reported by the House Committee on Energy and Commerce on November 20, 2019

Cost Estimate
S. 1310, Organization of American States Legislative Engagement Act of 2019
January 9, 2020
As reported by the Senate Committee on Foreign Relations on December 17, 2019

Cost Estimate
S. 2547, Indo-Pacific Cooperation Act of 2019
January 9, 2020
As reported by the Senate Committee on Foreign Relations on December 17, 2019

Report
The Foreign-Born Population and Its Effects on the U.S. Economy and the Federal Budget—An Overview
January 9, 2020
Immigration increases total economic output, though not necessarily output per capita. It also affects the federal budget through the taxes that foreign-born people pay and the government programs in which they participate.

Report
Monthly Budget Review for December 2019
January 8, 2020
The federal budget deficit was $358 billion in the first quarter of fiscal year 2020, CBO estimates, $39 billion more than the deficit recorded during the same period last year.

Cost Estimate
S. 500, Restore Our Parks Act
January 8, 2020
As ordered reported by the Senate Committee on Energy and Natural Resources on November 19, 2019

Presentation
The 2020 Outlook for Navy Shipbuilding
January 8, 2020
Presentation by Eric Labs, a senior analyst for naval forces and weapons in CBO’s National Security Division, at the Bank of America Merrill Lynch Defense Outlook Forum.

Cost Estimate
H.R. 4979, Rural STEM Education Act
January 7, 2020
As ordered reported by the House Committee on Science, Space, and Technology on November 14, 2019

Cost Estimate
H.R. 535, PFAS Action Act of 2019
January 7, 2020
As posted on the website of the House Committee on Rules on January 7, 2020

Cost Estimate
H.R. 2744, USAID Branding Modernization Act
As reported by the Senate Committee on Foreign Relations on December 17, 2019

Cost Estimate
H.R. 722, Miracle Mountain Designation Act
As passed by the House of Representatives on December 17, 2019

Cost Estimate
S. 1363, AI in Government Act of 2019
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on November 6, 2019

Report
The Cost of Replacing Today’s Naval Aviation Fleet
CBO estimates that purchasing new aircraft to maintain the aviation fleet of the Navy and Marine Corps at its current size would cost about $380 billion (in 2018 dollars) from 2020 to 2050. Annual costs would range from $7 billion to $17 billion.

GAO

340B Drug Discount Program:
Increased Oversight Needed to Ensure Nongovernmental Hospitals Meet Eligibility Requirements
GAO-20-108:Published: Dec 11, 2019. Publicly Released: Jan 10, 2020.

Social Security Disability:
Action Needed to Help Agency Staff Understand and Follow Policies Related to Prescription Opioid Misuse
GAO-20-120:Published: Jan 9, 2020. Publicly Released: Jan 9, 2020.

Unmanned Aircraft Systems:
FAA Could Better Leverage Test Site Program to Advance Drone Integration
GAO-20-97:Published: Jan 9, 2020. Publicly Released: Jan 9, 2020.

Aviation Consumer Protection:
Few U.S. Aircraft Have Lavatories Designed to Accommodate Passengers with Reduced Mobility
GAO-20-258:Published: Jan 7, 2020. Publicly Released: Jan 7, 2020.

Public Transportation:
Enhanced Federal Information Sharing on Coordination Could Improve Rural Transit Services
GAO-20-205:Published: Jan 7, 2020. Publicly Released: Jan 7, 2020.

Technology Readiness Assessment Guide:
Best Practices for Evaluating the Readiness of Technology for Use in Acquisition Programs and Projects
GAO-20-48G:Published: Jan 7, 2020. Publicly Released: Jan 7, 2020.

GASB

Joel M. Black Appointed Chair of the Governmental Accounting Standards Board [01/07/20]
News Release

IASB

13 January 2020
December 2019 DPOC meeting report now available

13 January 2020
Management Commentary Consultative Group December 2019 meeting summary available

13 January 2020
Join the IFRS Foundation—Customer Services Representative (part-time)

10 January 2020
Join the IFRS Foundation—Technical Leadership Team Member

09 January 2020
January 2020 IFRIC meeting papers and agenda available

07 January 2020
Help shape IFRS Standards in 2020

07 January 2020
January 2020 IFRS Taxonomy Consultative Group meeting papers available

IRS

IRS Free File opens today; do taxes online for free
IR-2020-06, January 10, 2020 – Most taxpayers can get an early start on their federal tax returns as IRS Free File – featuring brand-name online tax providers − opens today at IRS.gov/freefile for the 2020 tax filing season.

Direct deposit fastest way to receive federal tax refund
IR-2020-05, January 9, 2019 — With tax season beginning soon, the IRS reminds taxpayers that choosing to have their tax refund directly deposited into their checking or savings account is the fastest way to get their money.

IRS helps workers, businesses with new Gig Economy Tax Center
IR-2020-04, January 9, 2020 — The Internal Revenue Service this week launched a new Gig Economy Tax Center on IRS.gov to help people in this growing area meet their tax obligations through more streamlined information.

National Taxpayer Advocate delivers Annual Report to Congress: focuses on Taxpayer First Act implementation, taxpayer service, and IRS funding
IR-2020-03, January 8, 2020 — Acting National Taxpayer Advocate Bridget Roberts today released her 2019 Annual Report to Congress. Key challenges highlighted in the report include implementation of the Taxpayer First Act, inadequate taxpayer service and limited funding of the agency.

IRS opens 2020 filing season for individual filers on Jan. 27
IR-2020-02, January 6, 2020 — The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns.

‚ÄčIRS issues 2019 annual report; highlights program areas across the agency

IR-2020-01, January 6, 2020 — The Internal Revenue Service today released a new annual report highlighting accomplishments across the nation's tax agency during Fiscal Year 2019.

SEC

Fee Rate Advisory #2 for Fiscal Year 2020
2020-7, Jan. 9, 2020 — The Securities and Exchange Commission announced that starting on Feb. 18, 2020, the fee rates applicable to most securities transactions will be set at $22.10 per million dollars.

SEC Issues Agenda for Inaugural Meeting of the Asset Management Advisory Committee
2020-6, Jan. 9, 2020 — The Securities and Exchange Commission today released the agenda for the inaugural meeting of the Asset Management Advisory Committee, which will be held on Jan. 14, 2020, at 9 a.m. ET. The Committee was formed to provide the Commission with diverse perspectives on asset management and related advice and recommendations.

SEC Proposes Improvements to Governance of Market Data Plans
2020-5, Jan. 8, 2020 —The Securities and Exchange Commission is seeking public comment on a proposed order to modernize the governance of National Market System (NMS) plans that produce public consolidated equity market data and disseminate trade and quote data from trading venues.

SEC Office of Compliance Inspections and Examinations Announces 2020 Examination Priorities
2020-4, Jan. 7, 2020 — The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) today announced its 2020 examination priorities. OCIE publishes its examination priorities annually to enhance the transparency of its examination program and to provide insights into its risk-based approach, including the areas it believes present potential risks to investors and the integrity of the U.S. capital markets.

SEC Investor Advisory Committee to Hold Jan. 24 Telephone Meeting
2020-3, Jan. 7, 2020 — The Securities and Exchange Commission’s Investor Advisory Committee (IAC) will meet telephonically on Jan. 24 at 11:30 a.m. Eastern time. The public is invited to listen to the meeting live using the dial-in details provided below. A recording of the meeting will be archived on the committee’s web page for later listening.

 

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