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Regulatory Roundup: October 15-21

By:
Karen Sibayan
Published Date:
Oct 21, 2024

AICPA

AICPA Releases Statement Regarding Intuit Ad, Expressing Support for CPA and Tax Practitioner Community
Oct 17, 2024

Renewed Investment Needed to Ease Accountant Shortage in the Public Sector, Report Finds
Oct 17, 2024

CBO

Cost Estimate
October 17, 2024
As ordered reported by the House Committee on Transportation and Infrastructure on September 18, 2024

Cost Estimate
October 17, 2024
As ordered reported by the House Committee on Homeland Security on September 25, 2024

Cost Estimate
October 17, 2024
As ordered reported by the House Committee on Transportation and Infrastructure on September 18, 2024

Cost Estimate
October 17, 2024
As ordered reported by the House Committee on Ways and Means on September 11, 2024

Cost Estimate
October 17, 2024
As ordered reported by the House Committee on Homeland Security on September 25, 2024

Cost Estimate
October 17, 2024
As ordered reported by the House Committee on Homeland Security on September 25, 2024

Report
October 17, 2024
In response to a request from House Budget Committee Chairman Jodey Arrington, CBO assesses the effect of an increase in the value of the Thrifty Food Plan on labor force participation.

Presentation
October 16, 2024
Presentation by Sheila Campbell, an analyst in CBO’s Microeconomic Studies Division, and David Torregrosa, an analyst in CBO’s Financial Analysis Division, at the American Academy of Actuaries Annual Meeting.

Cost Estimate
October 16, 2024
As ordered reported by the House Committee on Foreign Affairs on September 24, 2024

Cost Estimate
October 16, 2024
As ordered reported by the Senate Committee on Indian Affairs on

May 1, 2024.

Cost Estimate
October 16, 2024
As reported by the Senate Committee on Armed Services on July 8, 2024

Cost Estimate
October 15, 2024
As ordered reported by the House Committee on Natural Resources on April 16, 2024

Cost Estimate
October 15, 2024
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 31, 2024

Cost Estimate
October 15, 2024

As reported by the Senate Committee on Energy and Natural Resources on May 16, 2024

Cost Estimate
October 16, 2024
As reported by the Senate Committee on Armed Services on July 8, 2024

Cost Estimate
October 15, 2024
As ordered reported by the House Committee on Natural Resources on April 16, 2024

Cost Estimate
October 15, 2024
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on July 31, 2024

Cost Estimate
October 15, 2024

As reported by the Senate Committee on Energy and Natural Resources on May 16, 2024

GAO

Federal Law Enforcement:
Criminal Sexual Acts while Serving in Official Capacity (2024 Update)
GAO-25-107684Published:  . Publicly Released:  .
A provision of law, effective Oct. 1, 2022, makes it illegal for someone acting in their capacity as a federal law enforcement officer to knowingly engage in a sexual act with someone who is under arrest or supervision, in detention, or in federal custody. Consent is not a defense to a violation of this provision. There were no charges or convictions under this provision when...

Tactical Aircraft:
Operation and Maintenance Spending Varies by System, and Availability Generally Does Not Meet Service Goals
GAO-25-107870
Published:  . Publicly Released:  .
U.S. fighter and ground attack airplanes are known as "tactical aircraft." This Q&A report looks at their availability for missions and the funding used to keep them flying. Mission capable rates—the percentage of total time when aircraft can fly and perform at least one mission—are used to assess fleet readiness. The military services generally haven't met mission capable rate goals for tactical aircraft for several...

GAO-24-106552
Published: Sep 17, 2024 . Publicly Released: Oct 17, 2024 .

About 3.3 million children were enrolled in kindergarten in 2024. But do states know how ready they were? Children have varying degrees of the social, emotional, language, motor, and other skills that they need to be successful in kindergarten. 27 states required their school districts to formally assess children's "kindergarten readiness" for the 2023-2024 school year. Kindergarten teachers told us that these assessments can help...

GAO-25-106943
Published: Oct 17, 2024 . Publicly Released: Oct 17, 2024 .

NASA's Artemis missions plan to return astronauts to the moon. The Exploration Ground Systems program develops and operates everything needed to integrate and launch rockets and spacecraft for the missions. Starting with the 2028 Artemis IV mission, the Mobile Launcher 2 will transport and launch key systems. But the contractor must finish building the launcher first. Then, NASA must test it while completing a large...

GAO-25-106387
Published: Oct 16, 2024 . Publicly Released: Oct 16, 2024 .

The U.S. Army's watercraft fleet is designed to carry supplies, vehicles, and people in deep ocean and shallow coastal waters, as well as provide access by water to remote, undeveloped areas. Demand for Army watercraft is increasing, especially in the Indo-Pacific. However, the fleet has shrunk by about half since 2018. Moreover, the Army has struggled to maintain its watercraft and less than 40% of...

GAO-25-106640
Published: Oct 16, 2024 . Publicly Released: Oct 16, 2024 .

The public increasingly relies on the internet to access government services and benefits. The General Services Administration launched Login.gov to give federal agencies a secure, reliable way to verify users' identities. Agencies using Login.gov said it offers many benefits, such as improved user experiences and reduced costs. But technical issues aren't being resolved in a timely way—potentially delaying further adoption throughout the government. Also, GSA...

GAO-25-107073
Published: Oct 16, 2024 . Publicly Released: Oct 16, 2024 .
The Coast Guard provides health care services, such as physicals and immunizations, to its 47,000 personnel. This Q&A report provides information on its medical facilities. As of July 2024, the Coast Guard had 34 clinics 9 satellite clinics 65 ashore sickbays 57 afloat sickbays It has a costly backlog of infrastructure projects, which includes medical facilities on land. It reported that 22 of its 26...
 
GAO-25-106527
Published: Oct 15, 2024 . Publicly Released: Oct 15, 2024 .

The federal government has struggled to hire and retain employees with the skills it needs in Hawaii, Alaska, and the U.S. Territories. Agencies we interviewed gave several reasons why, including: Higher cost of living, such as higher grocery and housing costs Lack of quality services—such as health care and childcare Difficulties with the federal hiring process and incentives, like paying for relocation We made 12...

GASB

IR-2024-272, Oct. 18, 2024 — The Treasury Department and Internal Revenue Service today issued Notice 2024-74 for the Sustainable Aviation Fuel (SAF) credit created by the Inflation Reduction Act.

IR-2024-271, Oct. 15, 2024 — The IRS will offer a free webinar to help large business taxpayers understand the Compliance Assurance Process (CAP) by discussing updates and clarifications to the program to better prepare applicants.

IR-2024-270, Oct. 15, 2024 — The Internal Revenue Service today announced the launch of the 2024 Nationwide Tax Forum Online, providing tax professionals access to 18 seminars recorded at this year's IRS Nationwide Tax Forum.

IR-2024-269, Oct. 15, 2024 — In the aftermath of Hurricanes Milton and Helene, the Internal Revenue Service today cautioned taxpayers of scammers who use fake charities to gather sensitive personal and financial data from unsuspecting donors.

Oct. 18, 2024

SEC

SEC Division of Examinations Announces 2025 Priorities
2024-172
Washington D.C., Oct. 21, 2024 —The Securities and Exchange Commission’s Division of Examinations today released its 2025 examination priorities. The Division publishes its examination priorities annually to inform investors and registrants of potential risks in the U.S. capital markets and to make them aware of the examination topics that the Division plans to focus on in the new fiscal year. This year’s examinations will prioritize perennial and emerging risk areas, such as fiduciary duty, standards of conduct, cybersecurity, and artificial intelligence.

2024-171

Washington D.C., Oct. 16, 2024 — The Securities and Exchange Commission today announced that RTX Corporation, a Virginia-based aerospace and defense company, agreed to pay more than $124 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) in connection with payments made to assist in obtaining contracts with the Qatari military. RTX, which was named Raytheon Technologies Corp. until 2023, was formed after the 2020 merger of Raytheon Company and United Technologies Corp. (collectively, Raytheon).

TIGTA

October 15, 2024







 


 


 

 




 


 


 



 


 

 



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