AICPA
ENGAGE awards winners announced
June 14, 2023
CBO
Cost Estimate
H.R. 2813, Self-Insurance Protection Act
June 15, 2023
As ordered reported by the House Committee on Education and the Workforce on June 6, 2023
Cost Estimate
H.R. 3202, Assad Regime Anti-Normalization Act of 2023
June 15, 2023
As ordered reported by the House Committee on Foreign Affairs on May 16, 2023
Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of June 19, 2023
June 15, 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.
Cost Estimate
S. 1564, AI Leadership Training Act
June 15, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 17, 2023
Cost Estimate
S. 841, Caribbean Basin Security Initiative Authorization Act
June 14, 2023
As reported by the Senate Committee on Foreign Relations on May 4, 2023
Cost Estimate
H.R. 1147, Whole Milk for Healthy Kids Act of 2023
June 13, 2023
As ordered reported by the House Committee on Education and the Workforce on June 6, 2023
Cost Estimate
H.R. 1165, Data Privacy Act of 2023
June 13, 2023
As ordered reported by the House Committee on Financial Services on February 28, 2023
Cost Estimate
H.R. 1282, Major Richard Star Act
June 13, 2023
As introduced in the House of Representatives on March 1, 2023
Cost Estimate
H.R. 1341, Spectrum Coordination Act
June 13, 2023
As ordered reported by the House Committee on Energy and Commerce on March 24, 2023
Cost Estimate
H.R. 3203, Stop Chinese Fentanyl Act of 2023
June 13, 2023
As ordered reported by the House Committee on Foreign Affairs on May 16, 2023
Cost Estimate
S. 473, American Security Drone Act of 2023
June 13, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 17, 2023
Blog Post
Presentations by Staff of CBO's Health Analysis Division
June 12, 2023
This week, four analysts from CBO's Health Analysis Division are presenting their work at the 12th Annual Conference of the American Society of Health Economists ("ASHEcon") in St. Louis, Missouri.
Cost Estimate
S. 1425, Satellite Cybersecurity Act
June 12, 2023
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on May 17, 2023
FASB
Emerging Issues Task Force Meeting Recap—June 15, 2023
June 16, 2023
GAO
Violent Extremism and Terrorism:
Agencies Can Take Additional Steps to Counter Domestic Threats
GAO-23-106758
Published:
Publicly Released:
Violent extremism and domestic terrorism continue to pose a threat to safety in the United States. This Snapshot highlights areas we've identified where federal agencies could improve how they prevent and counter such threats. For example, agencies such as the FBI and Department of Homeland Security could: develop comprehensive strategies to prevent violent extremism and counter domestic terrorism strengthen how they share threat information to...
VA Disability Exams:
Actions Needed to Clarify Program Requirements Regarding Examiners GAO-23-105787
Published:
Publicly Released:
The Department of Veterans Affairs may require medical exams to determine veterans' eligibility for disability compensation. The COVID-19 pandemic contributed to an exam backlog. To manage the backlog, certain examiners—e.g., psychologists—were temporarily authorized to give exams in states where they weren't licensed. But inaccurate guidelines and inadequate monitoring led to some providers who weren't covered under the authorization giving exams in other states. VA said...
Federal Research:
NIH Could Take Additional Actions to Manage Risks Involving Foreign Subrecipients
GAO-23-106119
Published:
Publicly Released:
Federal agencies can fund research through grants or other agreements with foreign entities such as universities and labs. Such collaborations can lead to scientific advancements, but there are concerns about certain countries exploiting this research to harm the U.S. We reviewed federal funds that agencies directly or indirectly awarded to 3 Chinese research institutions. Most of the money came from awards funded by the National...
Community Redevelopment:
Significant Improvements in Policies and Procedures Are Needed at NeighborWorks America
GAO-23-105944
Published:
Publicly Released:
NeighborWorks is a nonprofit that receives federal money to provide grants, assistance, and more to nonprofit U.S. housing and community development organizations. Over the last decade, auditors have found problems with NeighborWorks' handling of procurement, conflicts of interest, and whistleblowers. NeighborWorks has made changes, but hasn't always ensured the changes were fully implemented or communicated to staff. Problems continue—for example, staff don't consistently follow procurement...
2023 Annual Report:
Additional Opportunities to Reduce Fragmentation, Overlap, and Duplication and Achieve Billions of Dollars in Financial Benefits
GAO-23-106089
Published:
Publicly Released:
Each year, GAO reports on federal programs with fragmented, overlapping, or duplicative goals or actions, and we have suggested hundreds of ways to address those problems, reduce costs, or boost revenue. In our 13th annual report, we identified 100 new matters for congressional consideration and recommendations to agencies to help address these findings. Congressional and agency action in these areas has yielded about $600 billion...
Government Efficiency and Effectiveness:
Opportunities to Reduce Fragmentation, Overlap, and Duplication and Achieve Billions of Dollars in Financial Benefits
GAO-23-106864
Published:
Publicly Released:
Each year, GAO reports on federal programs with fragmented, overlapping, or duplicative goals or actions, and we have suggested hundreds of ways to address those problems, reduce costs, or boost revenue. This testimony discusses our 13th annual report, in which we identified 100 new matters for congressional consideration and recommendations to agencies to help address these findings. Congressional and agency action in these areas has...
IT Systems Annual Assessment:
DOD Needs to Improve Performance Reporting and Development Planning
GAO-23-106117
Published:
Publicly Released:
The Department of Defense requested about $45.2 billion for FY 2023 for its unclassified information technology, such as communications and business systems. We reviewed the performance of DOD's 25 major IT business programs, including their software development and cybersecurity practices. Of the 25 programs, we found: 13 didn't fully report on the extent to which they achieved their goals, including 3 programs that didn't identify...
Science & Tech Spotlight:
Generative AI
GAO-23-106782
Published:
Publicly Released:
Generative AI systems—like ChatGPT and Bard—create text, images, audio, video, and other content. This Spotlight examines the technology behind these systems that are surging in popularity. These systems are trained to recognize patterns and relationships in massive datasets and can quickly generate content from this data when prompted by a user. These growing capabilities could be used in education, government, medicine, law, and other fields...
Impaired Driving:
Information on Data Used to Identify Repeat Offenders
GAO-23-105859
Published:
Publicly Released:
Driving while impaired by alcohol, medications, or drugs remains a persistent safety issue. State and local agencies collect information on impaired drivers—including arrest reports, fingerprints, and the results of criminal proceedings—and report it in state databases. In turn, states report this information, largely through automated processes, to the FBI, which enables criminal justice agencies to identify repeat offenders nationwide. However, some states have reported problems...
Bail:
Information on Whether DOJ Grants Were Used to Fund Cash Bond
GAO-23-106012
Published:
Publicly Released:
A judge can set bail to allow a defendant to be released from jail while awaiting trial. Bail requires a contract, or bond, to help ensure the defendant comes back for trial. Bonds can be a written promise to appear in court or a promise backed by cash or property. We didn't find any prohibitions in federal laws or regulations on using Department of Justice...
Nuclear Weapons Cybersecurity:
Status of NNSA's Inventory and Risk Assessment Efforts for Certain Systems
GAO-23-106309
Published:
Publicly Released:
At the National Nuclear Security Administration (NNSA), information technology is embedded in more than computers—it's in equipment used to produce nuclear weapon components and in nuclear weapons themselves. Federal law requires NNSA to manage cybersecurity risks. NNSA has been developing risk management policies and practices for both of these IT environments. However, NNSA's efforts to identify, assess, and mitigate cyber risks—to specific weapons or manufacturing...
IASB
Watch IASB and ISSB Chairs’ keynote speeches live from the IFRS Foundation Conference
Conference
20 Jun 2023
Join the Staff—ISSB Technical Director
Careers
19 Jun 2023
Join the Staff—ISSB Technical Staff vacancies
Careers
19 Jun 2023
IFRS Foundation opens ISSB office in Beijing
Announcement
19 Jun 2023
Registration now open for the 22nd EY IFRS Kongress 2023
15 Jun 2023
June 2023 IFRIC Update now available
Update
14 Jun 2023
IRS
IRS, Treasury update Notice 2023-29 related to energy community bonus credit amounts under the Inflation Reduction Act
IR-2023-118, June 15, 2023 — The Internal Revenue Service today issued Notice 2023-45, which updates Notice 2023-29, that describes certain rules that the IRS intends to include in forthcoming proposed regulations for determining what constitutes an energy community for the production and investment tax credits.
Treasury, IRS issue guidance for the advanced manufacturing investment credit
IR-2023-117, June 14, 2023 — The Internal Revenue Service today issued proposed regulations that provide guidance regarding the implementation of the elective payment provisions of the Advanced Manufacturing Investment Credit, established by the Creating Helpful Incentives to Produce Semiconductors Act of 2022, commonly known as the CHIPS Act.
IRS releases guidance on elective payments and transfers of certain credits under the Inflation Reduction Act
IR-2023-116, June 14, 2023 — The Internal Revenue Service issued proposed regulations and frequently asked questions today describing rules for applicable entities that earn certain clean energy credits and choose to make an elective payment election and rules for eligible taxpayers that elect to transfer certain credits to unrelated parties.
Atlanta Tax Forum quickly approaching; IRS Commissioner headlines speakers at three-day event that helps tax professionals learn the latest on tax law, transformation work
IR-2023-115, June 13, 2023 — IRS Commissioner Danny Werfel will highlight the Atlanta session of the Nationwide Tax Forum on July 25-27, providing tax professionals with multiple opportunities to learn more about changes to tax law and IRS transformation efforts.
SEC
SEC Secures Emergency Relief to Protect Binance.US Customers’ Assets
2023-110
Washington D.C., June 17, 2023 — The Securities and Exchange Commission today secured emergency relief in which the all the defendants in its litigation against Binance Holdings Limited, BAM Management US Holdings Inc., BAM Trading Services Inc., and Changpeng Zhao agreed to repatriate to the United States assets held for the benefit of customers of the Binance.US crypto trading platform. The order from the United States District Court for the District of Columbia also prohibits defendants BAM Trading Services Inc. and BAM Management US Holdings, Inc. (together, “BAM”) from spending corporate assets other than in the ordinary course of business. The order helps ensure that Binance.US customers are permitted to withdraw their assets from the platform and that those assets that remain on the platform are protected and remain in the United States through the resolution of the SEC’s pending litigation against Binance Holdings Ltd., BAM, and their founder, Zhao.
SEC Charges PIMCO for Disclosure and Policies and Procedures Failures
2023-109
Washington D.C., June 16, 2023 — The Securities and Exchange Commission today announced that registered investment adviser Pacific Investment Management Company LLC (PIMCO) will pay $9 million to settle two enforcement actions relating to disclosure and policies and procedures violations involving two funds PIMCO advises.
Michele Layne, Director of Los Angeles Regional Office, to Leave SEC
2023-108
Washington D.C., June 15, 2023 — The Securities and Exchange Commission today announced that Michele Layne, the Director of the Los Angeles Regional Office, is leaving the agency this month after more than 27 years of service. Cindy Eson and Kate Zoladz will become Acting Co-Directors upon Ms. Layne’s departure.
SEC Charges Investment Adviser and Principal in Abusive Naked Short Selling Scheme
2023-107
Washington D.C., June 12, 2023 — The Securities and Exchange Commission today charged investment adviser Sabby Management LLC and its managing partner, Hal D. Mintz, with fraud in connection with a long running scheme involving misrepresentations and violations of rules for short selling and order making, as well as other violative trading, that generated more than $2 million in illegal profits.
TIGTA
American Rescue Plan Act: Continued Review of Premium Tax Credit Provisions
Report Number 2023-47-036
June 14, 2023
Actions Have Been Taken to Improve the Privacy Program; However, Some Privacy Controls Have Not Been Fully Implemented and Assessed
Report Number 2023-20-034
June 14, 2023
American Rescue Plan Act: Review of the Reconciliation of the Child Tax Credit
Report Number 2023-47-035
June 14, 2023