CBO
Blog Post
A Call for New Research in the Area of Macroeconomics
July 21, 2023
To enhance its work for the Congress, CBO is looking for new research that illuminates the factors driving trends in productivity growth and interest rates on Treasury securities, and the effects of fiscal policy on broad economic outcomes.
Presentation
Alternative Ways to Provide Fuel Within the Department of Defense
July 21, 2023
The Defense Logistics Agency buys fuel and charges the military services for it. But volatile fuel costs can cause changes in rates that create budgetary challenges for the services. CBO examined new ways to budget for and price fuel.
Cost Estimate
H.R. 1060, a bill to designate the facility of the United States Postal Service located at 1663 East Date Place in San Bernardino, California, as the “Dr. Margaret B. Hill Post Office Building”
July 21, 2023
As ordered reported by the House Committee on Oversight and Accountability on July 12, 2023
Cost Estimate
H.R. 1098, a bill to designate the facility of the United States Postal Service located at 50 East Derry Road in East Derry, New Hampshire, as the “Chief Edward B. Garone Post Office”
July 21, 2023
As ordered reported by the House Committee on Oversight and Accountability on July 12, 2023
Cost Estimate
H.R. 1687, a bill to designate the facility of the United States Postal Service located at 6444 San Fernando Road in Glendale, California, as the “Paul Ignatius Post Office”
July 21, 2023
As ordered reported by the House Committee on Oversight and Accountability on July 12, 2023
Cost Estimate
H.R. 2379, a bill to designate the facility of the United States Postal Service located at 616 East Main Street in St. Charles, Illinois, as the “Veterans of the Vietnam War Memorial Post Office”
July 21, 2023
As ordered reported by the House Committee on Oversight and Accountability on July 12, 2023
Cost Estimate
H.R. 2754, a bill to designate the facility of the United States Postal Service located at 2395 East Del Mar Boulevard in Laredo, Texas, as the “Lance Corporal David Lee Espinoza, Lance Corporal Juan Rodrigo Rodriquez & Sergeant Roberto Arizola Jr. Post Office Building”
July 21, 2023
As ordered reported by the House Committee on Oversight and Accountability on July 12, 2023
Cost Estimate
H.R. 292, a bill to designate the facility of the United States Postal Service located at 24355 Creekside Road in Santa Clarita, California, as the “William L. Reynolds Post Office Building”
July 21, 2023
As ordered reported by the House Committee on Oversight and Accountability on July 12, 2023
Cost Estimate
H.R. 3728, a bill to designate the facility of the United States Postal Service located at 25 Dorchester Avenue, Room 1, in Boston, Massachusetts, as the “Caroline Chang Post Office”
July 21, 2023
As ordered reported by the House Committee on Oversight and Accountability on July 12, 2023
Cost Estimate
H.R. 3944, a bill to designate the facility of the United States Postal Service located at 120 West Church Street in Mount Vernon, Georgia, as the “Second Lieutenant Patrick Palmer Calhoun Post Office”
July 21, 2023
As ordered reported by the House Committee on Oversight and Accountability on July 12, 2023
Cost Estimate
H.R. 4470, Protecting and Securing Chemical Facilities from Terrorist Attacks Act of 2023
July 21, 2023
As reported by the House Committee on Homeland Security on July 19, 2023
Cost Estimate
H.R. 996, a bill to designate the facility of the United States Postal Service located at 3901 MacArthur Blvd., in New Orleans, Louisiana, as the “Dr. Rudy Lombard Post Office Building”
July 21, 2023
As ordered reported by the House Committee on Oversight and Accountability on July 12, 2023
Blog Post
A Call for New Research in the Area of Labor
July 20, 2023
To enhance its work for the Congress, CBO is looking for new research that illuminates the effects of immigration on productivity and the factors that cause them to vary, and the effects of changes in federal funding for child care.
Cost Estimate
H.R. 1500, the Intelligent Transportation Integration Act
July 20, 2023
As ordered reported by the House Committee on Transportation and Infrastructure on May 23, 2023
Cost Estimate
Ocean Shipping Reform Implementation Act of 2023
July 20, 2023
As ordered reported by the House Committee on Transportation and Infrastructure on May 23, 2023
Cost Estimate
H.R. 2948, the CARS Act
July 20, 2023
As ordered reported by the House Committee on Transportation and Infrastructure on May 23, 2023
Cost Estimate
H.R. 3013, the LICENSE Act of 2023
July 20, 2023
As ordered reported by the House Committee on Transportation and Infrastructure on May 23, 2023
Cost Estimate
H.R. 3316, a bill to amend titles 46 and 49, United States Code, to streamline the environmental review process for major projects, and for other purposes
July 20, 2023
As ordered reported by the House Committee on Transportation and Infrastructure on May 23, 2023
Cost Estimate
H.R. 3317, the Rolling Stock Protection Act
July 20, 2023
As ordered reported by the House Committee on Transportation and Infrastructure on May 23, 2023
Cost Estimate
H.R. 3318, a bill to amend title 23, United States Code, to establish an axle weight tolerance for certain commercial motor vehicles transporting dry bulk goods, and for other purposes
July 20, 2023
As ordered reported by the House Committee on Transportation and Infrastructure on May 23, 2023
Cost Estimate
H.R. 3365, the Supply Chain Improvement Act
July 20, 2023
As ordered reported by the House Committee on Transportation and Infrastructure on May 23, 2023
Cost Estimate
H.R. 3372, a bill to amend title 23, United States Code, to establish a safety data collection program for certain 6-axle vehicles, and for other purposes
July 20, 2023 As ordered reported by the House Committee on Transportation and Infrastructure on May 23, 2023
Cost Estimate
H.R. 3395, the U.S. Supply Chain Security Review Act of 2023
July 20, 2023
As ordered reported by the House Committee on Transportation and Infrastructure on May 23, 2023
Cost Estimate
H.R. 3447, a bill to amend title 23, United States Code, to authorize a hydrogen powered vehicle to exceed certain weight limits on the Interstate Highway System, and for other purposes
July 20, 2023 As ordered reported by the House Committee on Transportation and Infrastructure on May 23, 2023
Cost Estimate
H.R. 915, the Motor Carrier Safety Selection Standard Act
July 20, 2023
As ordered reported by the House Committee on Transportation and Infrastructure on May 23, 2023
Report
How CBO Is Responding to Requests for Estimates Related to the Reauthorization of the Farm Bill
July 20, 2023
CBO provides information to Members of Congress about the agency’s efforts to provide budgetary analysis related to the reauthorization of what is commonly known as the farm bill.
Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of July 24, 2023 July 20, 2023
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
The Long-Term Budget Outlook Under Alternative Scenarios for the Economy and the Budget
July 20, 2023
CBO analyzed eight scenarios that differ from those underlying the agency’s long-term baseline budget projections—six that vary economic outcomes, one that varies budgetary outcomes, and one that limits Social Security benefits.
Blog Post
A Call for New Research in the Area of Health
July 19, 2023 To enhance its work for the Congress, CBO is looking for new research on health care providers’ cost structures and the market for long-term services and supports.
Cost Estimate
H.R. 1505, No Stolen Trademarks Honored in America Act of 2023
July 19, 2023
As ordered reported by the House Committee on the Judiciary on May 24, 2023
Cost Estimate
H.R. 2980, DOE and NSF Interagency Research Act
July 19, 2023
As ordered reported by the House Committee on Science, Space, and Technology on June 15, 2023
Cost Estimate
H.R. 2988, DOE and NASA Interagency Research Coordination Act
July 19, 2023
As ordered reported by the House Committee on Science, Space, and Technology on June 15, 2023
Cost Estimate
H.R. 4435, Unauthorized Spending Accountability Act of 2023
July 19, 2023
As ordered reported by the House Committee on Oversight and Accountability on July 12, 2023
Report
The Economic and Budgetary Effects of Discretionary Funding Caps as Specified in the Limit, Save, Grow Act of 2023
July 19, 2023
CBO has estimated what the economic and budgetary effects would be if the discretionary funding caps enacted in June 2023 had been those required under H.R. 2811, the Limit, Save, Grow Act of 2023.
Blog Post
A Call for New Research in the Area of Finance
July 18, 2023
To enhance its work for the Congress, CBO is looking for new research on how borrowers would respond to changes in repayment plans for student loans, and how sponsors of pension plans would respond to changes in government pension insurance.
Presentation
CBO’s Economic Forecast: Understanding Productivity Growth
July 18, 2023
Presentation by Aaron Betz, an analyst in CBO’s Macroeconomic Analysis Division, at the NABE Foundation’s 20th Annual Economic Measurement Seminar.
Cost Estimate
H.R. 192, a bill to prohibit individuals who are not citizens of the United States from voting in elections in the District of Columbia and to repeal the Local Voting Rights Amendment Act of 2022
July 18, 2023
As ordered reported by the House Committee on Oversight and Accountability on July 12, 2023
Cost Estimate
H.R. 357, Ensuring Accountability in Agency Rulemaking Act
July 18, 2023
As ordered reported by the House Committee on the Judiciary on May 24, 2023
Cost Estimate
S. 1858, Disaster Assistance Deadlines Alignment Act
July 18, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on June 14, 2023
Cost Estimate
S. 285, Improving Government Efficiency and Workforce Development Through Federal Executive Boards Act of 2023
July 18, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 17, 2023
GAO
Blockchain in Finance:
Legislative and Regulatory Actions Are Needed to Ensure Comprehensive Oversight of Crypto Assets
GAO-23-105346
Published: . Publicly Released: .
Blockchain technology records data and transactions in a shared, tamper-resistant, decentralized digital ledger—offering the promise of faster and cheaper financial transactions with no middlemen. Recent price crashes, bankruptcies, and fraud involving blockchain-related products and services, such as crypto assets, raised concerns about how much regulation exists now and the risks consumers face. For example, there are gaps in federal regulation of stablecoins—a kind of crypto...
Fiscal Year 2024 Performance Plan
Published:
Publicly Released:
Capitol Attack:
Federal Agencies Identified Some Threats, but Did Not Fully Process and Share Information Prior to January 6, 2021 [Reissued with revisions on Jul. 21, 2023]
GAO-23-106625
Published:
Publicly Released: As part of our comprehensive look at the events of January 6, 2021, we examined how federal agencies identified potential threats, and how they used this information to prepare for and respond to the Capitol attack. We found that all 10 federal agencies that we examined identified potential threats of violence before January 6, but some agencies either didn't follow their established policies or procedures...
Steel and Aluminum Tariffs:
Agencies Should Ensure Section 232 Exclusion Requests Are Needed and Duties Are Paid
GAO-23-105148
Published:
Publicly Released: In March 2018, the President placed tariffs on certain imported steel and aluminum products. Companies can apply to the Department of Commerce to be excluded from paying these tariffs. Commerce then tells Customs and Border Protection how to administer approved exclusions. Companies didn't use the majority of the exclusions, and CBP generally administered them as instructed. However, weaknesses in CBP's process allowed some exclusions to...
Climate Change:
Summary of GAO's Work on Federal Climate Resilience Projects
GAO-23-106362
Published:
Publicly Released: The effects of climate change, such as coastal property damage, have cost the federal government billions of dollars in recent years. Planning and preparing for potential climate hazards—enhancing resilience—could help save money in the future. This issue has been on our High Risk List since 2013. We've previously reported on ways to improve climate information for policymakers and prioritize federal climate resilience investments. For example...
Defense Software Acquisitions:
Changes to Requirements, Oversight, and Tools Needed for Weapon Programs
GAO-23-105867
Published:
Publicly Released: The Department of Defense's ability to respond to evolving threats is increasingly determined by its ability to rapidly develop and deploy software. One way it is doing this is by trying to follow Agile development principles, which deliver working software in less than a year and add capability after that based on user feedback. The iterative and fast-paced nature of Agile software development relies on...
Federal Information System Controls Audit Manual (FISCAM) 2023 Exposure Draft
GAO-23-104975
Published:
Publicly Released: We are proposing to update our Federal Information System Controls Audit Manual (FISCAM). This update reflects changes in auditing standards, guidance, control criteria, and technology. We are seeking public comment on the update. Please send written comments using our fillable form to FISCAM@gao.gov no later than Oct. 18, 2023. Information in computer systems is essential to practically every aspect of government operations. FISCAM guides auditors...
HUD Rental Assistance:
Enhanced Data and Strategy Could Improve Oversight of Accessibility Requirements
GAO-23-105083
Published:
Publicly Released: The Department of Housing and Urban Development enforces federal civil rights laws that require housing providers to make reasonable accommodations—such as providing entryway ramps—for households with disabilities. These requirements also apply to the housing providers that administer HUD's own rental assistance programs. We found that, although HUD collects information on a household's disability status, it does not systematically collect data on requests for reasonable accommodations...
Conflict Minerals:
2022 Company Reports on Mineral Sources Were Similar to Those Filed in Prior Years
GAO-23-106295
Published:
Publicly Released: Armed groups in the Democratic Republic of the Congo and adjoining countries reportedly exploit the minerals tin, tungsten, tantalum, and gold to finance conflict in the region. The Securities and Exchange Commission requires companies to report on the origin of these "conflict minerals" used in their products. We found that company inquiry results haven't changed much since 2015. In 2022: 51% of companies initially determined...
Nuclear Waste Cleanup:
DOE Needs to Address Weaknesses in Program and Contractor Management at Los Alamos
GAO-23-105665
Published:
Publicly Released: The Department of Energy's Environmental Management Site Office at Los Alamos is tasked with cleaning up contaminated soil and groundwater, and shipping nuclear and hazardous waste to offsite disposal areas. The site office recently drafted new program management documents, including an updated cost estimate for the work. But it hasn't taken a comprehensive approach to prioritizing cleanup activities at the site. For example, the site...
Federal Fleets:
Zero-Emission Vehicle Implementation
GAO-23-105350
Published:
Publicly Released: In December 2021, the Biden Administration issued an Executive Order calling for most federal vehicle acquisitions to be zero-emission vehicles by 2035. This Q&A discusses the progress agencies have made toward meeting this requirement. Most of the 30 affected agencies have started preparing their workforces and set annual goals for installing charging equipment and acquiring vehicles. This fiscal year, 26 agencies set a target to...
Veterans Affairs:
Information on Professional Services Contracting Data and Conflict of Interest Regulations
GAO-23-106961
Published:
Publicly Released: This statement to two House Veterans' Affairs subcommittees summarizes our analysis of VA's contracting for professional services. For example, we analyzed data that showed VA obligated almost $3 billion in fiscal year 2022 to 1,400 vendors of professional, administrative, and management services. We also summarized federal regulations related to conflicts of interest. For example, federal regulations require that, among other things, contracting officers avoid significant...
Southwest Border:
Award and Management of Barrier Construction Contracts
GAO-23-106893
Published:
Publicly Released: From 2017 until January 2021, billions of dollars went to construction contracts for barriers along the U.S. Southwest border. This testimony discusses these barrier construction efforts. During that time period, the Departments of Homeland Security and Defense installed about 450 miles of barrier panels. As of January 2021, only about 15% of the panels were complete barrier systems, which include lights, patrol roads, and technology...
GASB
Replacement of London Interbank Offered Rate—Update
July 17, 2023
IASB
IFRS Foundation publishes comparison of IFRS S2 with the TCFD Recommendations
Announcement
24 Jul 2023
Issue 28 of the Investor Update now available
Update
19 Jul 2023
June 2023 Trustees of the IFRS Foundation and Due Process Oversight Committee meeting summary now available Meeting
19 Jul 2023
July 2023 Sustainability Standards Advisory Forum agenda and meeting papers now available
Meeting
18 Jul 2023
IRS
IRS ends unannounced
revenue officer visits to taxpayers; major change to end confusion,
enhance safety as part of larger agency transformation efforts
IR-2023-133, July 24, 2023 — As part of a larger transformation effort, the Internal
Revenue Service today announced a major policy change that will end most
unannounced visits to taxpayers by agency revenue officers to reduce
public confusion and enhance overall safety measures for taxpayers and
employees.
For employers and tax pros, free IRS webinar to focus on Employee Retention Credit
IR-2023-132, July 21, 2023 — The Internal Revenue Service will hold a free webinar designed to help employers, tax professionals and other interested taxpayers understand how the Employee Retention Credit (ERC) works and how to avoid tax scams and aggressive marketing related to the credit.
Taxpayers see wave of summer email, text scams; IRS urges extra caution with flood of schemes involving Economic Impact Payments, Employee Retention Credits, tax refunds
IR-2023-131, July 21, 2023 — The Internal Revenue Service warned taxpayers today to be on the lookout for a summer surge of tax scams as identity thieves continue pounding out a barrage of email and text messages promising tax refunds or offers to help ‘fix’ tax problems.
Extension filers: IRS.gov should be first step for summertime tax help; agency encourages those with extensions to file soon
IR-2023-130, July 19, 2023 — The Internal Revenue Service today reminded those using an extension that filing as soon as possible will let them take advantage of special tools available on IRS.gov.
Specially designed Security Summit plan helps tax pros protect data; summer security series begins
IR-2023-129, July 18, 2023 — Kicking off an annual education effort, the Internal Revenue Service and its Security Summit partners today encouraged tax professionals, especially smaller practices, to take advantage of its security plan template designed to make data security planning easier.
IRS reminder to storm victims in 4 states: File and pay by July 31; parts of Arkansas, Indiana, Mississippi and Tennessee affected
IR-2023-128, July 17, 2023 — The Internal Revenue Service today reminded individuals and businesses in parts of four states that their 2022 federal income tax returns and tax payments are due on Monday, July 31, 2023.
NYS
Staten Island Locksmith Pleads Guilty to Tax Fraud
July 21, 2023
Six Indicted in $2 Million Loan Fraud involving Stolen Westchester Property Deeds in Real Estate Scheme: Defendants allegedly targeted distressed homeowners in New Rochelle and Yonkers; also charged with evading nearly $200,000 in taxes
July 3, 2023
PCAOB
PCAOB Sanctions Edward Turner, CPA, for Noncooperation With a Board Inspection and Improper Alteration of Audit Documentation
Jul. 20, 2023
PCAOB Launches New Online Tools to Help Users Find and Compare Inspection Report Data
Jul. 19, 2023
SEC
SEC, NASAA, and Wisconsin DFI to host Investor Roundtable in Madison, Wisconsin on July 25
2023-136
Washington D.C., July 21, 2023 — The Securities and Exchange Commission today announced that it will join the North American Securities Administrators Association (NASAA) and Wisconsin Department of Financial Institutions (DFI) for a Joint Public Roundtable at the DFI headquarters on Tuesday, July 25, 2023, at 10 a.m. CT. The afternoon session of the roundtable will be webcast on the SEC website.
SEC Charges Digital World SPAC for Material Misrepresentations to Investors
2023-135
Washington D.C., July 20, 2023 — The Securities and Exchange Commission today announced settled fraud charges against Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC), for making material misrepresentations in forms filed with the SEC as part of DWAC’s initial public offering and proposed merger with Trump Media & Technology Group Corp. (TMTG). The Commission finds that DWAC misled investors and the SEC by failing to disclose that it had formulated a plan to acquire and was pursuing the acquisition of TMTG prior to DWAC’s IPO.
SEC Charges Twice-Convicted Fraudster Eliyahu Weinstein and Five Others with $38 Million Ponzi-Like Scheme to Defraud Investors
2023-134
Washington D.C., July 19, 2023 — The Securities and Exchange Commission today charged six individuals with a multi-million dollar Ponzi-like fraud scheme orchestrated by criminal recidivist Eliyahu Weinstein of Lakewood, New Jersey.
TIGTA
The Cyber Threat Hunting Program Properly Conducts Analysis to Identify Threats; However, Guidance, Documentation, and Controls Need to Be Improved
Report Number 2023-20-040
July 20, 2023