Regulatory Roundup - Sept. 8-13

By:
Chris Gaetano
Published Date:
Sep 13, 2021

CBO

Cost Estimate
S. 89, Ensuring Survivor Benefits During COVID-19 Act of 2021
September 10, 2021
As passed by the Senate on July 21, 2021
Presentation

Technical Information About How CBO Models the Effects of Climate Change on Output in Its Long-Term Economic Projections
September 10, 2021
CBO provides technical details about its methods for projecting the effect of climate change on the growth of real gross domestic product.

Report
Alternative Approaches to Adjusting Military Cash Pay
September 9, 2021
CBO examines the implications of adjusting military basic pay with an alternative wage index and adjusting all components of regular cash pay with the employment cost index.

Cost Estimate
Direct Spending and Revenue Effects of H.R. 4350, the National Defense Authorization Act for Fiscal Year 2022
September 9, 2021
As ordered reported by the House Committee on Armed Services on September 2, 2021

Report
Monthly Budget Review: August 2021
September 9, 2021
The federal budget deficit was $2.7 trillion in the first 11 months of fiscal year 2021, CBO estimates—$295 billion less than the deficit during the same period last year.

Cost Estimate
S. 2041, Department of Veterans Affairs Provider Accountability Act
September 8, 2021
As ordered reported by the Senate Committee on Veterans’ Affairs on
July 28, 2021

Cost Estimate
S. 372, Ensuring Quality Care for Our Veterans Act
September 8, 2021
As ordered reported by the Senate Committee on Veterans’ Affairs on
July 28, 2021

Cost Estimate
H.R. 1199, Supporting Technical Experts in Managing Diplomacy Act
September 7, 2021
As ordered reported by the House Committee on Foreign Affairs on July 29, 2021

Cost Estimate
H.R. 367, Homeland Security Acquisition Professional Career Program Act
September 7, 2021
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 14, 2021

Cost Estimate
H.R. 408, Department of Homeland Security Mentor-Protégé Program Act of 2021
September 7, 2021
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 14, 2021

Cost Estimate
S. 1675, Maternal Health Quality Improvement Act
September 7, 2021
As ordered reported by the Senate Committee on Health, Education, Labor, and Pensions on May 25, 2021

Report
The Budgetary Effects of Major Laws Enacted in Response to the 2020–2021 Coronavirus Pandemic, December 2020 and March 2021
September 7, 2021
CBO describes how two laws enacted in December 2020 and March 2021 in response to the 2020–2021 coronavirus pandemic will affect federal spending, revenues, and the deficit.

GAO

Capital Fund Proposal
Upfront Funding Could Benefit Some Projects, but Other Potential Effects Not Clearly Identified
GAO-21-215
Published: Sep 10, 2021.
Publicly Released: Sep 10, 2021.
What GAO Found Federal agencies have long struggled to obtain full, upfront funding for capital investments to acquire and maintain federal buildings. GAO's review of three selected federal capital projects suggests that such funding might have benefitted those projects and their agencies.

Post-Government Employment Restrictions
DOD Could Further Enhance Its Compliance Efforts Related to Former Employees Working for Defense Contractors
GAO-21-104311
Published: Sep 09, 2021.
Publicly Released: Sep 09, 2021.
What GAO Found Situations in which senior and acquisition officials leave the Department of Defense (DOD) and go to work for defense contractors can lead to conflicts of interest and affect public confidence in the government.

Exposure Notification
Benefits and Challenges of Smartphone Applications to Augment Contact Tracing
GAO-21-104622
Published: Sep 09, 2021.
Publicly Released: Sep 09, 2021.
Why GAO Did This Study With the emergence and rapid global spread of COVID-19, smartphone apps have been developed to supplement manual contact tracing, which is a public health measure used to slow the spread of infectious disease.

USDA Food Box Program
Key Information and Opportunities to Better Assess Performance
GAO-21-353
Published: Sep 08, 2021.
Publicly Released: Sep 08, 2021.
What GAO Found Through contractors, the U.S. Department of Agriculture's (USDA) Farmers to Families Food Box Program purchased fresh fruits and vegetables, dairy, and meat products from producers and delivered them to recipient organizations, such as food banks.

Medicaid Home- and Community-Based Services
Evaluating COVID-19 Response Could Help CMS Prepare for Future Emergencies
GAO-21-104401
Published: Sep 08, 2021.
  Publicly Released: Sep 08, 2021.
What GAO Found COVID-19 presented risks to Medicaid home- and community-based services (HCBS) programs, where providers help beneficiaries with daily activities, such as bathing, dressing, and eating.

Nurse Corps Loan Repayment Program
Too Early to Determine Effects of Allowing Recipients to Serve at For-Profit Facilities
GAO-21-104379
Published: Sep 08, 2021.
Publicly Released: Sep 08, 2021.
What GAO Found The Health Resources and Services Administration (HRSA), within the Department of Health and Human Services, manages the Nurse Corps Loan Repayment Program (LRP).

IASB

September 2021 International Accounting Standards Board meeting agenda and papers now available
10 September 2021
MEETING

September 2021 IFRS Taxonomy Consultative Group meeting papers available
10 September 2021
MEETING

September 2021 IFRS Advisory Council meeting papers available
10 September 2021
MEETING

Meet the new Board member: Bertrand Perrin
8 September 2021
FEATURE

IRS

IRS: Cost of home testing for COVID-19 is eligible medical expense; reimbursable under FSAs, HSAs
IR-2021-181, September 10, 2021 — The Internal Revenue Service reminds taxpayers today that the cost of home testing for COVID-19 is an eligible medical expense that can be paid or reimbursed under health flexible spending arrangements (health FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs), or Archer medical savings accounts (Archer MSAs).  

IRS: Hurricane Ida victims in Mississippi now eligible for tax relief; October 15 deadline, other dates extended to November 1
IR-2021-180, September 9, 2021 — Victims of Hurricane Ida in parts of Mississippi now have until November 1, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

IRS: Tax relief now available to Ida victims in New York and New Jersey; Oct. 15 deadline, other dates extended to Jan. 3
IR-2021-179, September 8, 2021 — Victims of Hurricane Ida in parts of New York and New Jersey now have until January 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

Treasury, IRS issue guidance for 2021 on reporting qualified sick and family leave wages
IR-2021-178, September 7, 2021 — The Treasury Department and the Internal Revenue Service today issued Notice 2021-53, which provides guidance to employers about reporting on Form W-2 the amount of qualified sick and family leave wages paid to employees for leave taken in 2021.

IRS: Deadline for third quarter estimated tax payments is Sept. 15
IR-2021-177, September 7, 2021 — The Internal Revenue Service reminds people that September 15, 2021, is the deadline for third quarter estimated tax payments.

SEC

SEC Charges Three Media Companies with Illegal Offerings of Stock and Digital Assets
2021-175, Sept. 13, 2021 — The Securities and Exchange Commission today charged New York City-based GTV Media Group Inc. and Saraca Media Group Inc., and Phoenix, Arizona-based Voice of Guo Media Inc., with conducting an illegal unregistered offering of GTV common stock. The SEC also announced charges against GTV and Saraca for conducting an illegal unregistered offering of a digital asset security referred to as either G-Coins or G-Dollars. The respondents have agreed to pay more than $539 million to settle the SEC's action.

​TIGTA 

Fiscal Year 2021 Review of Compliance With Legal Guidelines When Conducting Seizures of Taxpayers’ Property
September 9, 2021

 



 


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