Enrollment open for prestigious executive management course on sustainable financial strategy
Aug 15, 2023

CBO

Cost Estimate
H.R. 3874, Veterans Education Assistance Improvement Act
August 18, 2023
As ordered reported by the House Committee on Veterans’ Affairs on July 26, 2023

Cost Estimate
H.R. 4461, Modernization of Department of Veterans Affairs Disability Benefit Questionnaires Act
August 18, 2023
As ordered reported by the House Committee on Veterans’ Affairs on July 26, 2023

Cost Estimate
H.R. 3848, Housing our Military Veterans Effectively Act of 2023
August 17, 2023
As ordered reported by the House Committee on Veterans’ Affairs on July 26, 2023

Cost Estimate
H.R. 3933, TAP Promotion Act
August 17, 2023
As ordered reported by the House Committee on Veterans’ Affairs on July 26, 2023

Cost Estimate
H.R. 3981, Isakson-Roe Education Oversight Expansion Act
August 17, 2023
As ordered reported by the House Committee on Veterans’ Affairs on July 26, 2023

Cost Estimate
S. 1203, Peace Corps Reauthorization Act of 2023
August 17, 2023
As reported by the Senate Committee on Foreign Relations on July 25, 2023

Report
Estimates of the Cost of Federal Credit Programs in 2024
August 16, 2023
CBO estimates the costs of federal credit programs in 2024 in two ways—following procedures prescribed by the Federal Credit Reform Act and using a fair-value approach, which measures the market value of the government’s obligations.

Cost Estimate
H.R. 2717, Hershel “Woody” Williams National Medal of Honor Monument Location Act
August 16, 2023
As ordered reported by the House Committee on Natural Resources on July 26, 2023

Cost Estimate
S. 1332, Recognizing the Role of Direct Support Professionals Act
August 16, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 26, 2023

Cost Estimate
S. 2006, Safeguarding Tunisian Democracy Act of 2023
August 16, 2023
As reported by the Senate Committee on Foreign Relations on July 25, 2023

Cost Estimate
S. 2219, PUMP Technical Correction Act
August 16, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 26, 2023

Cost Estimate
S. 2251, Cybersecurity Act of 2023
August 16, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 26, 2023

Cost Estimate
S. 2293, AI Leadership To Enable Accountable Deployment Act
August 16, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 26, 2023

Cost Estimate
H.R. 200, Forest Information Reform Act
August 15, 2023
As ordered reported by the House Committee on Natural Resources on May 17, 2023

Cost Estimate
H.R. 3324, a bill to extend the authority to collect Shasta-Trinity Marina fees through fiscal year 2029
August 15, 2023
As ordered reported by the House Committee on Natural Resources on June 21, 2023

Cost Estimate
H.R. 4741, Securing Global Telecommunications Act
August 15, 2023
As ordered reported by the House Committee on Foreign Affairs on July 26, 2023

Cost Estimate
H.R. 4762, a bill to amend title 49, United States Code, to extend the non premium war risk insurance program
August 15, 2023
As ordered reported by the House Committee on Transportation and Infrastructure on July 27, 2023

Cost Estimate
S. 1540, a bill to amend the Forest and Rangeland Renewable Resources Planning Act of 1974 and the Federal Land Policy and Management Act of 1976 to provide for circumstances under which reinitiation of consultation is not required under a land and resource management plan or land use plan under those Acts, and for other purposes
August 15, 2023
As reported by the Senate Committee on Energy and Natural Resources on July 25, 2023

Cost Estimate
S. 1973, All-American Flag Act
August 15, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 26, 2023

Cost Estimate
S. 2073, Eliminate Useless Reports Act of 2023
August 15, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 26, 2023

Report
Sequestration Update Report: August 2023
August 15, 2023
In a report required by law, CBO provides information on the limits that apply to discretionary budget authority in 2024. Because no statutory caps are in place for fiscal year 2023, there will be no sequestration for the current fiscal year.

FASB

FASB Issues 2023 Investor Outreach Report
August 17, 2023

GAO

Trauma-Informed Care:
Challenges to Developing and Implementing Performance Partnership Pilots to Serve Children
GAO-23-106538
Published: Aug 18, 2023
Publicly Released: Aug 18, 2023
Many children affected by trauma receive services through more than one system, such as child welfare and health care. Communities need to develop and coordinate programs, policies, and practices to ensure that children receive services that address trauma-related needs and actively avoid re-traumatizing them. To help communities, one initiative lets multiple federal agencies combine their funding to create partnership programs for grant recipients serving children...

National Nuclear Security Administration:
Assessments of Major Projects
GAO-23-104402
Published: Aug 17, 2023
Publicly Released: Aug 17, 2023
The National Nuclear Security Administration plans to invest over $30 billion in its major projects to modernize the research and production infrastructure supporting the nation's nuclear weapons stockpile. This is our first biennial assessment of NNSA's major projects. As of March 2023, NNSA's major projects collectively exceeded their cost estimates by over $2 billion. They also surpassed their collective schedules by almost 10 years. Cost...

Disaster Recovery:
HUD Should Develop Data Collection Guidance to Support Analysis of Block Grant Fraud Risks
GAO-23-104382
Published: Aug 17, 2023
Publicly Released: Aug 17, 2023
Congress gave almost $40 billion in block grants to help homeowners with, among other things, repairing or rebuilding homes damaged by natural disasters from 2017 to 2019. The Department of Housing and Urban Development administers the grants. But these grants are vulnerable to fraud. For example, some households approved for funds didn't report assistance from FEMA that could impact their award. Also, HUD monitors individual...

Personnel Vetting:
DOD Needs a Reliable Schedule and Cost Estimate for the National Background Investigation Services Program GAO-23-105670
Published: Aug 17, 2023
Publicly Released: Aug 17, 2023
Agencies rely on IT systems to screen job applicants and manage employee data from background checks and other vetting activities. This helps to minimize the risks of having untrustworthy people in sensitive federal positions. In 2015, a cybersecurity incident compromised this data in federal systems. The Department of Defense has since taken over responsibility for most federal personnel vetting and is developing a new IT...

National Transportation Safety Board:
Additional Actions Needed to Improve Management and Operations
GAO-23-105853
Published: Aug 17, 2023
Publicly Released: Aug 17, 2023
The National Transportation Safety Board investigates and reports on the probable causes of transportation accidents and issues recommendations to improve safety. NTSB reports having about the same number of employees as it had 20 years ago. But the transportation sector has experienced tremendous growth and technological advancement in that time. While NTSB has taken steps to improve its management and operations, it needs to do...

Public Health Preparedness:
HHS Reserve Funding for Emergencies
GAO-23-106102
Published: Aug 15, 2023
Publicly Released: Aug 15, 2023
We examined the Department of Health and Human Services' funding options to help address immediate needs of a public health emergency or threat. HHS has used a fund designated for infectious disease emergencies and threats like COVID-19 and Ebola. The fund can't be used for other types of health threats that arise, for example, from floods. HHS has another fund for any kind of public...

U.S. Consolidated Financial Statements:
Improvements Needed in Internal Controls over Treasury and OMB Preparation Processes
GAO-23-106707
Published: Aug 15, 2023
Publicly Released: Aug 15, 2023
We audit the U.S. government's consolidated financial statements annually. Ongoing problems prevent us from determining whether the statements fairly present the government's finances. Treasury has made significant progress in addressing some of the issues we've found in the preparation processes—including the review of selected treaties and other international agreements. But additional actions are needed to address our prior recommendations. Our 5 new recommendations address remaining...

DOD Reviews and Responses to GAO Reports:
First Semiannual Report Examining Delays
GAO-23-106583
Published: Aug 14, 2023
Publicly Released: Aug 14, 2023
Before we issue reports, we send them to the agencies we've audited for review and comment. For reports containing sensitive or classified information, we also ask the agency to let us know what can or cannot be released publicly. Delays in these reviews can delay the issuance of our reports. This Q&A report, the first in a series of 4, details the timeliness of DOD's...

IASB

New translations available—Albanian, Arabic, Bosnian, Finnish, French, Georgian, Japanese, Montenegrin, Portuguese and Spanish
Translated content
16 Aug 2023

IASB sets out accounting requirements for when a currency is not exchangeable
Amendment
15 Aug 2023

IRS

IRS: Hawaii wildfire victims qualify for tax relief; Oct. 16 deadline, other dates postponed to Feb. 15
IR-2023-151, Aug. 18, 2023 — The IRS today announced expansive tax relief for Hawaii wildfire victims in Maui and Hawaii counties. These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments.

New school year reminder to educators; maximum educator expense deduction is $300 in 2023
IR-2023-150, Aug. 17, 2023 — As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they’ll be able to deduct up to $300 of out-of-pocket classroom expenses for 2023 when they file their federal income tax return next year.

IRS encourages truckers to e-file by August 31 tax payment deadline
IR-2023-149, Aug. 17, 2023 — The Internal Revenue Service today encouraged all those who have registered, or are required to register, large trucks and buses with a taxable gross weight of 55,000 pounds or more to e-file Form 2290, Heavy Highway Vehicle Use Tax Return, by the Aug. 31, 2023, payment deadline for vehicles first used in July 2023.

Inflation Reduction Act 1-year report card: IRS delivers dramatically improved 2023 filing season service, modernizes technology, pursues high-income individuals evading taxes
IR-2023-148, Aug. 16, 2023 — One year into its modernization efforts under the Inflation Reduction Act, the IRS has made significant progress toward its goals of delivering world-class service, upgrading its technology and ensuring high-income taxpayers, large corporations and complex partnerships pay taxes owed.

Security Summit: IRS reminds tax pros to plan, protect, defend against identity theft; special summer series concludes with important reminders
IR-2023-147, Aug. 15, 2023 — Wrapping up a special awareness series, the Internal Revenue Service and the Security Summit partners urged tax pros to maintain robust security measures and take important steps to protect themselves and their taxpayer clients against identity theft.

NYS

Attorney General James Recovers $300,000 in Unpaid Wages for New York City Nail Salon Workers
August 16, 2023

DFS Superintendent Adrienne A. Harris Announces Proposed Nation-Leading Regulations For Pharmacy Benefit Managers
August 16, 2023

PCAOB

PCAOB Sanctions Audit Firm and Partner for Independence, Professional Skepticism Failures and Improper Alteration of Documents
Aug. 17, 2023

SEC

SEC Charges FinTech Investment Adviser Titan for Misrepresenting Hypothetical Performance of Investments and other Violations
2023-153
Washington D.C., Aug. 21, 2023 — The Securities and Exchange Commission today announced charges against Titan Global Capital Management USA LLC, a New York-based FinTech investment adviser, for using hypothetical performance metrics in advertisements that were misleading. The SEC also charged Titan with multiple compliance failures that led to misleading disclosures about custody of clients’ crypto assets, the use of improper “hedge clauses” in client agreements, the unauthorized use of client signatures and the failure to adopt policies concerning crypto asset trading by employees.

TIGTA

Fiscal Year 2023 Statutory Review of Restrictions on Directly Contacting Represented Taxpayers
August 16, 2023
Report Number 2023-30-051