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Regulatory Roundup: January 28 - February 3

By:
Karen Sibayan
Published Date:
Feb 4, 2025

AICPA

CBO

Report
January 31, 2025
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
January 30, 2025
CBO provides additional details about the economic forecast it published on January 17, 2025, in The Budget and Economic Outlook: 2025 to 2035.

Graphic
January 30, 2025
In the President’s 2025 budget request, total military compensation is $600 billion, including veterans' benefits. That amount represents an increase of 162 percent since 1980 (and 151 percent since 1999) after removing inflation’s effects.

Interactive
January 28, 2025

CBO's interactive tool allows users to simulate the agency's process for projecting discretionary budget authority and outlays for different types of spending over the course of 10 years.

FASB

January 29, 2025

GAO

GAO-25-107862
Published: Jan 31, 2025 . Publicly Released: Jan 31, 2025 .

Many mortgage companies aren't banks, meaning they don't take deposits to fund loans and help them withstand financial stress. Failure of these "nonbank" companies could severely affect mortgage markets. These companies service most of the loans in mortgage-backed securities guaranteed by Ginnie Mae, a government-owned corporation. Ginnie Mae participated in a 2023 interagency exercise that simulated the failure of a large nonbank mortgage company. But...

GAO-25-106990
Published: Jan 31, 2025 . Publicly Released: Jan 31, 2025 .

The Navy has struggled to effectively maintain its combat surface ships. Our prior reports identified shortages of spare parts and trained personnel, postponed maintenance, and more. This Q&A review examines the Navy's budget process for sustaining its non-nuclear-powered combat ships, how much it requested and spent on maintenance, and the status of these maintenance challenges. The Navy: Received about $1 billion more than the $24.9...

Published: Jan 31, 2025 . Publicly Released: Jan 31, 2025 .

Colleges provide many health services to students on campuses—including sexual and reproductive health care. College officials we interviewed said students face challenges accessing this care, such as misinformation, being unaware of services available on campus, and privacy concerns. For example, officials at most colleges we interviewed said that students were concerned that their use of sexual health services might be disclosed to their parents. Some...

GAO-25-107141
Published: Dec 31, 2024 . Publicly Released: Jan 30, 2025 .

States and school districts can compete for Department of Education grants. Applicants may increase their chances of success by addressing certain priorities. This Q&A covers these priorities, which officials said come from Education's general authority or from laws and regulations. Addressing overarching priorities can give applicants an edge in many grants. Since 2001, Education has published these 15 times. The most recent are from 2021...

Published: Jan 30, 2025 . Publicly Released: Jan 31, 2025 .

GAO-25-107754
Published: Jan 30, 2025 . Publicly Released: Jan 30, 2025 .

The Child Care and Development Fund gives grants to states to subsidize child care for low-income families so parents can go to work, school, or job training. This is our 5th report on who is eligible for the subsidies and who got them. The number of children getting subsidies declined from 2 million in 2019 and 2020 to 1.8 million in 2021—about 15% of those...

GAO-25-107375
Published: Jan 30, 2025 . Publicly Released: Jan 30, 2025 .

While the IRS has made improvements to its customer service and systems, it continues to face challenges processing tax returns on time. The agency set a 13-day processing goal for individual paper returns but instead averaged 20. In addition, IRS responses to taxpayer mail continued to be delayed, with 66% considered late at the end of filing season. The agency has a webpage showing the...

Published: Jan 29, 2025 . Publicly Released: Jan 29, 2025 .

Our Q&A report examines the U.S. Army Corps of Engineers' process for expediting the review of permits affecting wetlands, streams, and aquatic resources. The Corps had made 23 agreements with public utilities, gas companies, and railroad carriers to receive money in exchange for expediting its permit process as of July 2, 2024. It issued over 3,600 permits under these agreements. Legally, the Corps must follow...

GAO-25-107002
Published: Jan 29, 2025 . Publicly Released: Jan 29, 2025 .
The public health workforce protects community health by tracking disease, inspecting water quality, and more. But there aren't enough public health workers in some occupations, e.g., nursing. The workforce also needs more skills—like data analytics—for complex tasks such as monitoring disease outbreaks. It's tough for public health departments to hire and retain these workers for many reasons, including stiff competition from other employers. To address...

Hearing Detection and Intervention:

GAO-25-106978
Published: Jan 2, 2025 . Publicly Released: Jan 29, 2025 .

Thousands of infants are diagnosed as deaf or hard of hearing each year. The Department of Health and Human Services has a program that tracks infants' screening for and diagnosis of hearing loss. The program connects families with early intervention services to help prevent developmental delays. HHS required states to submit diversity and inclusion plans that target underserved populations to address disparities in access to...

GAO-25-107290
Published: Jan 28, 2025 . Publicly Released: Jan 28, 2025 .

The Temporary Assistance for Needy Families program provides billions of dollars annually to support low-income families and communities. Concerns have been raised about program funds being fraudulently misused or diverted. In 2024, the Department of Health and Human Services assessed fraud risks in the program. But its assessment wasn't fully consistent with leading fraud risk management practices. Also, HHS doesn't have a formal plan to...

GAO-25-107923
Published: Jan 28, 2025 . Publicly Released: Jan 28, 2025 .

As part of the U.S. response to Russia's invasion of Ukraine, DOD has trained Ukrainian personnel on specific group operations, weapons, and leadership within a broader international effort. DOD prioritized a quick start to the training without fully identifying and planning for training needs. For example, sometimes the training didn't reflect the trainers' expertise, or needed equipment hadn't arrived in time. As a result, the...

IASB

31 Jan 2025
 

30 Jan 2025

29 Jan 2025
 
28 Jan 2025
 

28 Jan 2025

IRS

IR-2025-20, Jan. 31, 2025 — The Internal Revenue Service and partners around the nation today celebrated the 50th anniversary of the Earned Income Tax Credit (EITC) with the launch of this year’s EITC Awareness Day campaign.
 

IR-2025-19, Jan. 30, 2025 — The Internal Revenue Service today provided taxpayers with six tips to make filing their 2024 tax return easier.

IR-2025-18, Jan. 27, 2025 — The Internal Revenue Service opened the 2025 tax filing season today and is accepting and processing federal individual tax year 2024 returns.

NYC

Jan. 28, 2025

SEC

2025-35

Washington D.C., Jan. 30, 2025 — The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Tuesday, Feb. 25, 2025, which will include discussion of capital raising challenges facing emerging fund managers and hurdles facing small public companies not listed on a national securities exchange. Members of the public can watch the live meeting via webcast on www.sec.gov.

2025-34

Washington D.C., Jan. 30, 2025 — The Securities and Exchange Commission today announced Acting Chairman Mark T. Uyeda has named Natalia Díez Riggin as Senior Advisor and Acting Director of the Office of Legislative and Intergovernmental Affairs.  

2025-33

Washington D.C., Jan. 29, 2025 — The Securities and Exchange Commission, together with the Commodity Futures Trading Commission (CFTC), extended the compliance date for the amendments to Form PF that were adopted on Feb. 8, 2024. The compliance date for these amendments, which was originally March 12, 2025, has been extended to June 12, 2025.

2025-32

Washington D.C., Jan. 28, 2025 — The Securities and Exchange Commission’s Office of Credit Ratings (OCR) today published its annual Staff Report on Nationally Recognized Statistical Rating Organizations (NRSROs) summarizing the findings of the NRSRO examinations and discussing the state of competition, transparency, and conflicts of interest among NRSROs.

TIGTA

January 27, 2025

 

 

 















 

 

 

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