Regulatory Roundup: Oct. 3-9

By:
Chris Gaetano
Published Date:
Oct 9, 2018

CBO 

Cost Estimate
H.R. 6753, Strengthening the Health Care Fraud Prevention Task Force Act of 2018
October 9, 2018

Report
Monthly Budget Review for September 2018
October 5, 2018

Presentation
An Overview of The 2018 Budget and Economic Outlook
October 5, 2018

Cost Estimate
S. 1934, Alaska Remote Generator Reliability and Protection Act
October 3, 2018

Cost Estimate
S. 2461, Blocking Regulatory Interference from Closing Kilns Act of 2018
October 3, 2018

Cost Estimate
H.R. 5206, Office of Biometric Identity Management Authorization Act of 2018
October 3, 2018

Cost Estimate
H.R. 2196, an act to amend title 5, United States Code, to allow whistleblowers to disclose information to certain recipients
October 3, 2018

Cost Estimate
H.R. 6439, Biometric Identification Transnational Migration Alert Program Authorization Act of 2018
October 3, 2018

Cost Estimate
S. 3251, Federal Acquisition Savings Act of 2018
October 3, 2018

Cost Estimate
S. 3208, Federal Information Systems Safeguards Act of 2018
October 3, 2018

Podcast
Budget 101
October 3, 2018

FASB

Emerging Issues Task Force  [10/03/18]
September 27, 2018 Meeting Recap

GAO

Weapon Systems Cybersecurity:
DOD Just Beginning to Grapple with Scale of Vulnerabilities
GAO-19-128: Published: Oct 9, 2018. Publicly Released: Oct 9, 2018.

Positive Train Control:
Most Passenger Railroads Expect to Request an Extension and Substantial Work Remains Beyond 2018
GAO-19-135T: Published: Oct 3, 2018. Publicly Released: Oct 3, 2018.

Tax Administration:
Status of IRS Future State Vision
GAO-19-108R: Published: Oct 3, 2018. Publicly Released: Oct 3, 2018.

TRIBAL BROADBAND:
FCC's Data Overstate Access, and Tribes Face Barriers Accessing Funding
GAO-19-134T: Published: Oct 3, 2018. Publicly Released: Oct 3, 2018.

Veterans' Disability Benefits:
Better Measures Needed to Assess Regional Office Performance in Processing Claims
GAO-19-15: Published: Oct 3, 2018. Publicly Released: Oct 3, 2018.

GASB

GASB Forms Working Group to Address Tribal Government Accounting and Financial Reporting Alternatives  [10/09/18]
News Release

IASB

09 October 2018
October 2018 EEG agenda and agenda papers available

08 October 2018
September 2018 TRG for IFRS 17 meeting summary and podcast available

08 October 2018
Annotated Issued IFRS Standards 2018—now also available in print as a bound volume

IRS 

IRS to highlight tax reform changes affecting small businesses; Small business owners, self-employed should plan now for new changes  
IR-2018-197, Oct. 9, 2018 — With just a few months left in tax year 2018, the IRS today urges small business owners to learn about how the new tax law changes may affect them.

For many business taxpayers, time is running out to elect out of new 100-percent depreciation deduction for 2017
IR-2018-196, Oct. 4, 2018 — The IRS today reminds business taxpayers who placed qualifying property in service during 2017 but choose not to claim the new 100-percent depreciation deduction, that they have a limited time to file the required election with the IRS.

IRS issues guidance on Tax Cuts and Jobs Act changes on business expense deductions for meals, entertainment
IR-2018-195, Oct. 3, 2018 — The IRS issued guidance today on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act (TCJA).

SEC

SEC Charges Real Estate Developer With Fraud in Project Tied to New Commuter Rail Station
Washington D.C., Oct. 5, 2018 —The Securities and Exchange Commission today charged a Virginia real estate developer with skimming investor funds that were intended for use in purchasing an office building near the site of a planned commuter rail station on the Washington Metropolitan Area Transit Authority’s Silver Line.  The complaint also alleges commingling and misappropriation of investments in various real estate and other projects.

SEC Halts Microcap Fraud Scheme Orchestrated Through International Accounts
Washington D.C., Oct. 3, 2018 —The Securities and Exchange Commission has filed an emergency action and obtained an asset freeze against two individuals and their companies in a scheme that generated more than $165 million of illegal sales of stock in at least 50 microcap companies.  SEC investigators unraveled the multi-year scheme with the assistance of more than a dozen international regulators and sophisticated analysis of nearly 400 bank and brokerage accounts.

TIGTA

Review of the Processing of Referrals Alleging Impermissible Political Activity by Tax-Exempt Organizations
Report Date: 10/04/2018
Audit Highlights: HTML
Audit Reports: PDF

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