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Regulatory Roundup - November 8-14

By:
S.J. Steinhardt
Published Date:
Nov 14, 2022

AICPA

AICPA and U.S. Department of Labor Sign Inaugural Employers to Apprenticeship Program for Finance Business Partners
Nov.13, 2022

AICPA Opens Nomination Period for Annual Award Celebrating Outstanding Young CPAs
Nov. 8, 2022

AICPA releases updated Foundational Competencies Framework for Aspiring CPAs
Nov. 7, 2022

AICPA Recognizes Two Tax Experts with Arthur J. Dixon Award and Jonathan Horn Distinguished Service Award During Fall Tax Division Meeting
Nov. 2, 2022

CBO

Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of November 14, 2022
November 14, 2022
The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. CBO estimates the effects of those bills on direct spending and revenues.

Report
An Analysis of the Navy’s Fiscal Year 2023 Shipbuilding Plan
November 10, 2022
Under the three alternatives in the Navy’s 2023 plan, total shipbuilding costs would average about $30 billion to $33 billion per year (in 2022 dollars) through 2052, CBO estimates, as the Navy built a fleet of 316 to 367 battle force ships.

Cost Estimate
H.R. 3826, Platform Competition and Opportunity Act of 2021
November 10, 2022
As ordered reported by the House Committee on the Judiciary on June 24, 2021

Cost Estimate
H.R. 4990, ITS Codification Act
November 10, 2022
As passed by the House of Representatives on July 27, 2022

Cost Estimate
H.R. 5651, Fresh Start Act of 2021
November 10, 2022
As ordered reported by the House Committee on the Judiciary on September 21, 2022

Cost Estimate
H.R. 8227, Speak Out Act of 2022
November 10, 2022
As ordered reported by the House Committee on the Judiciary on July 13, 2022

Cost Estimate
H.R. 8770, Expanding the VOTE Act

November 10, 2022
As ordered reported by the House Committee on the Judiciary on September 21, 2022

Cost Estimate
S. 3742, Recycling Infrastructure and Accessibility Act of 2022
November 10, 2022
As passed by the Senate on July 28, 2022

Cost Estimate
S. 3743, Recycling and Composting Accountability Act
November 10, 2022
As passed by the Senate on July 28, 2022

Cost Estimate
S. 4466, Peace Corps Reauthorization Act of 2022
November 10, 2022
As ordered reported by the Senate Committee on Foreign Relations on July 21, 2022

Cost Estimate
H.R. 2662, IG Independence and Empowerment Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on November 3, 2021

Cost Estimate
H.R. 3544, COVS Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on September 28, 2022

Cost Estimate
S. 1330, Facilitating Federal Employee Reskilling Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on May 12, 2021

Cost Estimate
S. 1877, Hazard Eligibility and Local Projects Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on August 3, 2022

Cost Estimate
S. 2902, Federal Information Security Modernization Act of 2021
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on October 6, 2021

Cost Estimate
S. 3423, Chance to Compete Act of 2022
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on February 2, 2022

Cost Estimate
S. 3531, National Climate Adaptation and Resilience Strategy Act of 2022
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on September 28, 2022

Cost Estimate
S. 4128, Improving Government for America’s Taxpayers Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on May 25, 2022

Cost Estimate
S. 4167, Federal Agency Performance Act of 2022
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on May 25, 2022

Cost Estimate
S. 4326, Transnational Criminal Investigative Unit Stipend Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on August 3, 2022

Cost Estimate
S. 4326, Transnational Criminal Investigative Unit Stipend Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on August 3, 2022

Cost Estimate
S. 4399, All-American Flag Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on September 28, 2022

Cost Estimate
S. 4465, Offices of Countering Weapons of Mass Destruction and Health Security Act of 2022
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on August 3, 2022

Cost Estimate
S. 4488, Global Catastrophic Risk Management Act of 2022
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on August 3, 2022

Cost Estimate
S. 4516, Combating Obstructive National Security Underreporting of Legitimate Threats (CONSULT) Act of 2022
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on August 3, 2022

Cost Estimate
S. 4572, Non-Intrusive Inspection Expansion Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on August 3, 2022

Cost Estimate
S. 4611, IMPACTT Human Trafficking Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on August 3, 2022

Cost Estimate
S. 4623, AGILE Procurement Act of 2022
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on August 3, 2022

Cost Estimate
S. 4629, Federal Data Center Enhancement Act of 2022
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on August 3, 2022

Cost Estimate
S. 4645, Enhancing DHS Drug Seizures Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on August 3, 2022

Cost Estimate
S. 4687, Safeguarding the Homeland From the Threats Posed by Unmanned Aircraft Systems Act of 2022
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on August 3, 2022

Cost Estimate
S. 4816, Access for Veterans to Records Act of 2022
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on September 28, 2022

Cost Estimate
S. 4828, Governmentwide Executive Councils Administration and Performance Improvement Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on September 28, 2022

Cost Estimate
S. 4882, Fire Grants and Safety Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on September 28, 2022

Cost Estimate
S. 4893, Lobbying Disclosure Improvement Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on September 28, 2022

Cost Estimate
S. 4894, Improving Government Efficiency and Workforce Development Through Federal Executive Boards Act of 2022 November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on September 28, 2022

Cost Estimate
S. 4902, Invent Here, Make Here for Homeland Security Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on September 28, 2022

Cost Estimate
S. 4908, Strengthening Agency Management and Oversight of Software Assets Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on September 28, 2022

Cost Estimate
S. 4913, Securing Open Source Software Act of 2022
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on September 28, 2022

Cost Estimate
S. 4919, Protecting the Border From Unmanned Aircraft Systems Act
November 9, 2022
As ordered reported by the Senate Committee on Homeland Security and Government Affairs on September 28, 2022

Report
Monthly Budget Review: Summary for Fiscal Year 2022
November 8, 2022
In fiscal year 2022, the federal deficit totaled nearly $1.4 trillion. That deficit was equal to 5.5 percent of GDP, down from 12.3 percent in 2021, but still larger than the 4.6 percent recorded in 2019—the most recent year not affected by the pandemic.

Cost Estimate
H.R. 404, Driftnet Modernization and Bycatch Reduction Act
November 7, 2022
As ordered reported by the House Committee on Natural Resources on November 17, 2021

Cost Estimate
H.R. 5195, Native American Housing Assistance and Self-Determination Reauthorization Act of 2021
November 7, 2022
As ordered reported by the House Committee on Financial Services on September 15, 2021

Cost Estimate
H.R. 7195, To provide for certain whistleblower incentives and protections
November 7, 2022
As reported by the House Committee on Financial Services on July 20, 2022

Cost Estimate
S. 2130, Reinvesting in Shoreline Economies and Ecosystems Act of 2022
November 7, 2022
As ordered reported by the Senate Committee on Energy and Natural Resources on July 21, 2022

FASB

FASB Names Two New Members to Its Small Business Advisory Committee
November 9, 2022

Registration Opens for December 12 FASB Webcast for Private Companies and Not-for-Profit Organizations
November 7, 2022

GAO

VA Nursing Home Care:
Opportunities Exist to Enhance Oversight of State Veterans Homes

GAO-23-105167
Published:
Publicly Released:
The Department of Veterans Affairs pays for about 14,500 veterans to live in 153 state-run nursing homes as of FY2021. VA oversees these homes by inspecting them to ensure that they meet the agency's quality standards. But VA could improve its oversight. VA inspections in 2019 and 2021 showed an increase in the number and the severity of deficiencies cited. VA's only enforcement action is...

DOD Cybersecurity:
Enhanced Attention Needed to Ensure Cyber Incidents Are Appropriately Reported and Shared
GAO-23-105084
Published:
Publicly Released:
Cyber attacks threaten national security—but hackers continue to target DOD as well as private companies and others involved in the nation's military operations. DOD has taken steps to combat these attacks and has reduced the number of cyber incidents in recent years. But we found that DOD: Hasn't fully implemented its processes for managing cyber incidents Doesn't have complete data on cyber incidents that staff...

Remote Sales Tax:
Federal Legislation Could Resolve Some Uncertainties and Improve Overall System

GAO-23-105359
Published:
Publicly Released:
Until recently, states could not require e-commerce businesses operating out of state to collect taxes on sales to residents of their state unless the business had a physical presence in that state. This changed in 2018, and states quickly enacted remote sales tax requirements. However, this resulted in a complex patchwork of requirements—such as different exemptions for some small businesses in different states. Consequently, businesses...

Veterans Community Care Program:
VA Needs to Strengthen Its Oversight and Improve Data on Its Community Care Network Providers

GAO-23-105290
Published:
Publicly Released:
The VA uses two contractors to manage its regional networks of community providers, known as Community Care Networks, to deliver care to veterans. These contractors are responsible for maintaining adequate provider networks that meet two standards—maximum distances veterans may drive to community providers, and maximum wait times for appointments. The VA monitors these contractors to ensure that they are complying with these standards. However, we...

Financial Audit:
IRS's FY 2022 and FY 2021 Financial Statements

GAO-23-105564
Published:
Publicly Released:
The Internal Revenue Service collects taxes to fund federal programs and services. In FY22, IRS collected over $4.9 trillion in taxes and paid out more than $600 billion in tax refunds, credits, and other payments. We audit and issue opinions annually on IRS's financial statements and on related internal controls (e.g., processes to reasonably assure that transactions are properly authorized and recorded). In FY22, we...

Weapon System Sustainment:
Aircraft Mission Capable Goals Were Generally Not Met and Sustainment Costs Varied by Aircraft

GAO-23-106217
Published:
Publicly Released:
The Department of Defense spends tens of billions of dollars annually to sustain its aircraft fleets. But how many of those aircraft are ready for takeoff and able to complete missions? We looked at 49 types of military aircraft and found that only 4 types met their annual mission readiness goals from FY 2011 through FY 2021—an overall decline over time. Program officials gave us...

Nonstandard and Contracted Work Arrangements:
Data from the 2020 Annual Business Survey and Analysis of 2021 10-K Filings

GAO-23-106212
Published:
Publicly Released:
Millions of U.S. workers are employed in the "gig economy" as temporary, part-time, or contracted workers. Policy makers want to learn more about these work arrangements and their effects on topics like workplace safety, wages, and access to benefits. We looked at two sources to learn more about the size and scope of this workforce: In a 2020 Census survey of businesses, 33% of companies...

Aviation Security:
TSA Should Assess Potential for Discrimination and Better Inform Passengers of the Complaint Process
GAO-23-105201
Published:
Publicly Released:
TSA—which screens over 1.5 million airline passengers daily—has faced allegations that some of its screening practices may negatively affect certain passengers. Stakeholder groups and TSA officials said that TSA's advanced imaging technology and other practices could result in certain passengers—like people who are transgender, wear religious headwear, or have disabilities—being referred more frequently for additional screening. But TSA hasn't collected data on these referrals or...

IASB

IFRS Foundation to publish IFRS Accounting Taxonomy 2022—Proposed Update 1 General Improvements and Common Practice
Forthcoming publication
14 Nov 2022

December 2022 Accounting Standards Advisory Forum agenda and meeting papers now available
Meeting
14 Nov 2022

October 2022 SME Implementation Group meeting summary now available
Meeting
14 Nov 2022

November 2022 International Accounting Standards Board agenda and meeting papers now available
Meeting
11 Nov 2022

Access the business combination proposals in the IFRS for SMEs Accounting Standard consultation in a more readable format
Consultation
11 Nov 2022

ISSB at COP27: podcast now available
Podcast
11 Nov 2022

Join the staff—Executive Assistant to the ISSB Vice-Chair
Careers
10 Nov 2022

IFRS Foundation announces 2023 IASB Research Forum
Conference
10 Nov 2022

ISSB at COP27: Financial Reporting Council of Nigeria to adopt IFRS Sustainability Disclosure Standards
Announcement
10 Nov 2022

Join the Staff—IT Support Technician
Careers
9 Nov 2022

November 2022 IFRS for SMEs Accounting Standard Update on user feedback now available
Update
9 Nov 2022

October 2022 Capital Markets Advisory Committee meeting summary now available
Meeting
9 Nov 2022

October 2022 Consultative Group for Rate Regulation meeting summary now available
Meeting
8 Nov 2022

September 2022 Accounting Standards Advisory Forum meeting summary now available
Meeting
8 Nov 2022

ISSB at COP27: ISSB makes key announcements towards the implementation of climate-related disclosure standards in 2023
Announcement
8 Nov 2022

ISSB at COP27: CDP to incorporate ISSB Climate-related Disclosures Standard into global environmental disclosure platform
Announcement
8 Nov 2022

ISSB at COP27: From Glasgow to Sharm El-Sheikh
Announcement
7 Nov 2022

IRS

IRS’ five-year Strategic Plan now available in Spanish
IR-2022-198, November 10, 2022 — The Internal Revenue Service announced today that, for the first-time ever, the agency’s Strategic Plan for Fiscal Years 2022-2026 is now available in Spanish. This announcement aligns with the IRS’s continued effort to expand tax resources in more languages to provide taxpayers with the service they deserve.

IRS announces job openings to hire over 700 new employees across the country to help taxpayers in person
IR-2022-197, November 9, 2022 — In addition to the more than 4,000 people recently hired to fill critical customer service representative positions, the Internal Revenue Service is now seeking over 700 new employees to help taxpayers at Taxpayer Assistance Centers across the country.

Treasury and IRS expand program for approving certain retirement plans
IR-2022-196, November 7, 2022 — The Treasury Department and Internal Revenue Service today announced the expansion of one of their programs for approving retirement plans.

NYS

DFS Superintendent Adrienne A. Harris Announces Updated Cybersecurity Regulation
Nov. 9, 2022

PCAOB

At November 18 Open Meeting, PCAOB to Consider Proposal for New Quality Control Standard
Nov. 10, 2022

SEC

SEC Charges Pharmaceutical Co. Chief Information Officer in $8 Million Insider Trading Scheme
2022-204, Washington D.C., Nov. 10, 2022 — The Securities and Exchange Commission today announced insider trading charges against Ramkumar Rayapureddy, Chief Information Officer of pharmaceutical company Viatris Inc., which was formerly known as Mylan N.V.

SEC Announces Departure of Chief of Staff Prashant Yerramalli and Appointment of Amanda Fischer to the Role
2022-203, Washington D.C., Nov. 7, 2022 — The Securities and Exchange Commission today announced that Chief of Staff Prashant Yerramalli will leave the agency, effective Dec. 31, 2022. Amanda Fischer, currently Senior Counselor to Chair Gary Gensler, will be appointed Chief of Staff, effective upon Mr. Yerramalli’s departure.

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