CBO

Report
Estimates of the Cost of Federal Credit Programs in 2025
August 30, 2024
CBO estimates the costs of federal credit programs in 2025 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.

Report
CBO’s 2024 Long-Term Projections for Social Security
August 28, 2024
In CBO’s projections, spending for Social Security rises relative to GDP over the next 75 years, and the gap between outlays and revenues widens. If combined, the balances in the program’s trust funds would be exhausted in fiscal year 2034.

Cost Estimate
H.R. 7803, a bill to amend title 35, United States Code, to provide a good faith exception to the imposition of certain fines, and for other purposes
August 28, 2024
As ordered reported by the House Committee on the Judiciary on
May 16, 2024

Cost Estimate
S. 2042, Sloan Canyon Conservation and Lateral Pipeline Act
August 28, 2024
As reported by the Senate Committee on Energy and Natural Resources on December 20, 2023

Cost Estimate
S. 2796, a bill to provide for the equitable settlement of certain Indian land disputes regarding land in Illinois, and for other purposes
August 28, 2024
As ordered reported by the Senate Committee on Indian Affairs on
May 1, 2024

Report
Climate Change, Disaster Risk, and Homeowner’s Insurance
August 27, 2024
CBO analyzes recent changes in property insurance markets and considers alternative insurance products as well as policy approaches to increase the availability and affordability of insurance for homeowners and renters.

Cost Estimate
H.R. 8665, Supercritical Geothermal Research and Development Act
August 27, 2024
As ordered reported by the House Committee on Science, Space, and Technology on June 13, 2024

Cost Estimate
S. 2868, a bill to accept the request to revoke the charter of incorporation of the Lower Sioux Indian Community in the State of Minnesota at the request of that Community, and for other purposes
August 27, 2024
As ordered reported by the Senate Committee on Indian Affairs on
May 1, 2024

Cost Estimate
H.R. 6319, 911 SAVES Act of 2024
August 26, 2024
As ordered reported by the House Committee on Education and the Workforce on July 10, 2024

Cost Estimate
H.R. 8296, GAO Database Modernization Act
August 26, 2024
As ordered reported by the House Committee on the Judiciary on
May 22, 2024

Cost Estimate
S. 4487, Small Business Artificial Intelligence Training Act of 2024|
August 26, 2024
As reported by the Senate Committee on Commerce, Science, and Transportation on August 1, 2024

GAO

Export-Import Bank:
Monitoring of Exports with Dual Military and Civilian Uses as of 2024
GAO-24-107589
Published: Aug 29, 2024 . Publicly Released: Aug 29, 2024 .
The Export-Import Bank's mission is to support U.S. jobs by facilitating U.S. exports through loans, loan guarantees, and insurance. According to its policy, the Bank generally cannot finance defense goods and services unless they are nonlethal and primarily used for civilian rather than military purposes. The Bank monitors these "dual-use" items to ensure they are used mostly for civilian purposes. We report each year on...
Released on Aug 28, 2024

Retirement Investments:
Agencies Can Better Oversee Conflicts of Interest Between Fiduciaries and Investors
GAO-24-104632
Published: Jul 29, 2024 . Publicly Released: Aug 28, 2024 .
The interests of financial professionals and retirement investors often conflict. For example, a financial professional may earn a commission from selling a product to a client—whether it makes money for the client or not. We reviewed how such conflicts are communicated, their link to returns, and more. Our review of 2,000 conflict disclosures and our calls posing as potential clients to 75 financial professionals found...

SUPPLEMENTAL MATERIAL FOR GAO-24-106360: Technical Materials for Regression Analyses on Student, Teacher, and School Characteristics Associated with English Learners' Academic Performance
GAO-24-107485
Published: Jul 25, 2024 . Publicly Released: Aug 26, 2024 .
In the U.S., students whose native language isn't English may have academic trouble in school, where the instruction is primarily delivered in English. Between 2010 and 2020, the number of students learning English grew from 4.5 to 5 million in K-12 schools. For our recent Q&A report on this topic, we performed regression analyses on three Department of Education datasets to test the association between...

K-12 Education:
Student, Teacher, and School Characteristics Associated with English Learners' Academic Performance
GAO-24-106360
Published: Jul 25, 2024 . Publicly Released: Aug 26, 2024 .
In the U.S., students whose native language isn't English may have academic trouble in school, where the instruction is primarily delivered in English. Between 2010 and 2020, the number of students learning English grew from 4.5 to 5 million in K-12 schools. Our Q&A report examines the student, teacher, and school characteristics associated with these students' academic performance. For example, having positive feelings about school...

IASB

Join us for the third episode of the IFRS Sustainability webinar series ‘Perspectives on sustainability disclosure’
Webinar
3 Sep 2024

August 2024 monthly news summary
News summary
2 Sep 2024  

August 2024 supplementary IASB Update now available
Update
2 Sep 2024

IFRS Foundation and ISSB at Climate Week NYC
Conference
30 Aug 2024

New IFRS Accounting translations available—Arabic, French, Georgian, Japanese, Korean and Spanish
Translated content
30 Aug 2024

September 2024 IFRS Interpretations Committee meeting papers and agenda now available
Meeting
30 Aug 2024

IASB proposes updates to IFRS Accounting Taxonomy 2024
Consultation
29 Aug 2024

September 2024 SME Implementation Group agenda and meeting papers now available
Meeting
27 Aug 2024

IRS

Reminder: September is National Preparedness Month; taxpayers should prepare for natural disasters
IR-2024-229, Sept. 3, 2024 — With the peak of hurricane season arriving and an elevated wildfire risk across much of the West, the Internal Revenue Service reminds taxpayers to develop an emergency preparedness plan or, if they already have one, to update it for 2024.

Treasury, IRS and DOE announce full applications are open for Qualifying Advanced Energy Project Tax Credit
IR-2024-228, Aug. 29, 2024 — The U.S. Department of Treasury, the Internal Revenue Service and the U.S. Department of Energy announced today that they received over 800 concept papers — project proposals — seeking a total of nearly $40 billion in tax credits, representing $200 billion in total project investments, for Round 2 of the Qualifying Advanced Energy Project Tax Credit (48C) Program.

IRS reminder: Employer educational assistance programs can still be used to help pay off workers’ student loans through Dec. 31, 2025
IR-2024-227, Aug. 28, 2024 — The Internal Revenue Service today issued a reminder that employers who offer educational assistance programs can also use them to help pay for their employees’ student loan obligations through Dec. 31, 2025.

IRS provides relief to Ernesto victims throughout the U.S. Virgin Islands; various deadlines postponed to Feb. 3, 2025
IR-2024-226, Aug. 28, 2024 — The Internal Revenue Service announced today tax relief for individuals and businesses throughout the U.S. Virgin Islands affected by Tropical Storm Ernesto that began on Aug. 13, 2024.

IRS encourages people to do an end-of-summer tax checkup to avoid tax surprises next year
IR-2024-225, Aug. 27, 2024 — The Internal Revenue Service today encouraged taxpayers to consider using the end of the summer to make tax withholding or payment updates to avoid a potential surprise next year at tax time.

Security Summit partners conclude special campaign with reminders to protect tax professionals from identity theft, security threats
IR-2024-224, Aug. 27, 2024 — Concluding a special summer awareness campaign, the Internal Revenue Service and the Security Summit today urged tax professionals to maintain strong safety measures to protect themselves and their taxpayer clients against evolving data security threats.

SEC

SEC Adopts Reporting Enhancements for Registered Investment Companies and Provides Guidance on Open-End Fund Liquidity Risk Management Programs
2024-110
Aug. 27, 2024 Washington D.C., Aug. 28, 2024 — The Securities and Exchange Commission today adopted amendments to reporting requirements on Form N-PORT to provide the Commission and investors with more timely information about certain registered investment companies (funds). Form N-PORT reports provide important information about a fund’s portfolio holdings and related information to help assess a fund’s risks. The amendments will provide the Commission with timelier information about funds’ portfolio investments, which will promote more effective regulatory monitoring and oversight of the fund industry for the benefit of fund investors. The amendments also will triple the amount of Form N-PORT data available to investors in a given year, enhancing investors’ ability to review and monitor information about their funds’ portfolios.

SEC Charges China-based QZ Asset Management Ltd. and its CEO in Pre-IPO Fraud Scheme
2024-109
Washington D.C., Aug. 27, 2024 —The Securities and Exchange Commission today announced charges against China-based investment adviser QZ Asset Management Limited a/k/a Qianze Asset Management Limited (QZ Asset), its South Dakota-based holding company QZ Global Limited, and the CEO of both entities, Blake Yeung Pu Lei a/k/a Yang Pulei (Yeung), with fraud for lying to clients and prospective clients regarding the safety of their investments, the investment adviser’s relationships with certain well-known banks and law firms, and the holding company’s initial public stock offering.

SEC Charges U.S. Navy Shipbuilder Austal USA with Accounting Fraud
2024-108
Washington D.C., Aug. 27, 2024 — The Securities and Exchange Commission today announced that Austal USA, LLC, a Mobile, Alabama-based shipbuilder, and its Australia-based parent company, Austal Limited, have agreed to settle the SEC’s charges that the companies conducted a fraudulent revenue recognition scheme. As part of the settlement with the SEC, Austal USA will pay a $24 million civil penalty.

SEC Charges Brothers Jonathan and Tanner Adam with $60 Million Ponzi Scheme
2024-107
Washington D.C., Aug. 26, 2024 — The Securities and Exchange Commission today announced that it obtained emergency asset freezes against Jonathan Adam, a resident of Angleton, Texas, and his brother, Tanner Adam, a resident of Miami, Florida, and against their respective entities, GCZ Global LLC and Triten Financial Group LLC, to halt an alleged $60 million Ponzi scheme impacting more than 80 investors across the country.

SEC Charges Sound Point Capital Management for Compliance Failures in Handling of Nonpublic Information
2024-106
Washington D.C., Aug. 26, 2024 — The Securities and Exchange Commission today announced settled charges against New York-based registered investment adviser Sound Point Capital Management LP for failing to establish, maintain, and enforce written policies and procedures reasonably designed to prevent the misuse of material nonpublic information (MNPI) concerning its trading of collateralized loan obligations (CLOs). To settle the SEC’s charges, Sound Point agreed to pay a $1.8 million civil penalty

SEC Charges Abra with Unregistered Offers and Sales of Crypto Asset Securities
2024-105
Washington D.C., Aug. 26, 2024 —  The Securities and Exchange Commission today filed settled charges against Plutus Lending LLC, which does business as Abra, for failing to register the offers and sales of its retail crypto asset lending product, Abra Earn. The SEC also charged Abra with operating as an unregistered investment company.

SEC Issues $24 Million Awards to Two Whistleblowers
2024-104
Washington D.C., Aug. 26, 2024 — The Securities and Exchange Commission today announced awards of more than $24 million to two whistleblowers whose information and assistance led to an SEC enforcement action and an action brought by another agency. The first whistleblower will receive an award of $4 million, while the second whistleblower will receive an award of $20 million. While the first whistleblower reported first, prompting the opening of the investigation, the second whistleblower received the higher award, as their information and substantial cooperation proved critical to the success of the actions.

TIGTA