CBO
Report
Expired and Expiring Authorizations of Appropriations for Fiscal Year 2023—Information for Legislation Enacted Through January 5, 2023
February 2, 2023
CBO reports annually on programs whose authorizations of appropriations have already expired or will expire. This information covers legislation enacted through January 5, 2023. A full report will be issued in the spring.
Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of February 6, 2023
February 1, 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
U.S. Hypersonic Weapons and Alternatives
January 31, 2023
CBO analyzes the hypersonic missiles being developed by the U.S. military and compares them with less expensive existing or potential weapons that might fill similar roles, such as cruise missiles or ballistic missiles.
Cost Estimate
H.J. Res. 7, Relating to a national emergency declared by the President on March 13, 2020
January 30, 2023
As introduced on January 9, 2023
Cost Estimate
H.R. 139, SHOW UP Act
January 30, 2023
As introduced on January 9, 2023
Cost Estimate
H.R. 382, Pandemic is Over Act
January 30, 2023
As introduced on January 17, 2023
Cost Estimate
H.R. 497, Freedom for Healthcare Workers Act
January 30, 2023
As introduced on January 25, 2023
GAO
Nursing Homes:
CMS Should Make Ownership Information More Transparent for Consumers
GAO-23-104813
Published:
Publicly Released:
Care Compare is a web-based tool that lets consumers compare the quality ratings of health care providers participating in the Medicare program. We found that the information on owners of nursing homes—both organizations and individuals—isn't organized in a way that allows consumers to identify homes that share the same owners. This makes it difficult for consumers to determine whether a given owner is associated with...
Military Child Care:
DOD Efforts to Provide Affordable, Quality Care for Families
GAO-23-105518
Published:
Publicly Released:
The Department of Defense child care program has taken steps to provide quality care. For example, DOD requires its child development centers and school-age care programs to be nationally accredited. DOD also aims to support service members and their families by meeting military-specific child care needs—such as those created by non-traditional work hours or frequent relocations. Families were largely satisfied with the quality of care...
Public Health Preparedness:
HHS Should Plan for Medical Countermeasure Development and Manufacturing Risks
GAO-23-105713
Published:
Publicly Released:
In 2012, Health and Human Services (HHS) established a program to ensure the U.S. could rapidly produce medical countermeasures—such as drugs and vaccines—in public health emergencies. The program didn't meet its goals in responding to the COVID-19 pandemic, HHS found, and had trouble with large-scale production and quality control. HHS is transitioning to a new program but needs to take additional steps to ensure that...
Administrative Separation Boards:
Air Force Should Clarify Member Qualifications
GAO-23-105780
Published:
Publicly Released:
Administrative separation from the military can have lifelong implications regarding a veteran's benefits and future employment opportunities. Service members facing discharge for misconduct, unsatisfactory performance, and other reasons may present their case before an administrative separation board. These boards review evidence and recommend either retention or separation. Each service has established policies for convening these boards and selecting board members. These policies generally align with...
Money Market Mutual Funds:
Pandemic Revealed Unresolved Vulnerabilities
GAO-23-105535
Published:
Publicly Released:
During the 2007-2009 financial crisis, investors in money market mutual funds "ran"—cashed in their shares at the same time—to avoid losses. In 2014, SEC tried to prevent runs by revising its rules. The change allowed funds to impose a "gate" to temporarily block investors' access to shares if the funds were low on cash and assets easily sold for cash. But during the pandemic, investors...
Supply Chain Resilience:
Agencies Are Taking Steps to Expand Diplomatic Engagement and Coordinate with International Partners
GAO-23-105534
Published:
Publicly Released:
The COVID-19 pandemic and the war in Ukraine have disrupted global supply chains, which has resulted in numerous shortages—including for semiconductors used in automobile production. Federal agencies are working to strengthen global supply chains through diplomatic efforts. For instance, agencies have helped coordinate a U.S.-Mexico working group to collaborate on semiconductor and IT supply chains. However, companies may be reluctant to share data on their...
State Small Business Credit Initiative:
Improved Planning Could Help Treasury Limit Additional Delays
GAO-23-105293
Published:
Publicly Released:
Treasury's State Small Business Credit Initiative is authorized to provide $10 billion to states, territories, and tribal governments to support small business lending and investment programs. All 50 states, five territories, the District of Columbia, and 283 tribal governments have applied for these funds. However, Treasury is taking longer than expected to review applications and disburse funds. We found that it could improve how it...
Pandemic Origins:
Technologies, Challenges, and Policy Options to Support Investigations
GAO-23-106562
Published:
Publicly Released:
We testified that understanding pandemic origins can help policymakers craft responses to prevent future events. This could help reduce the high health and economic costs associated with pandemics. Genetic analysis and other technologies can help researchers detect a pandemic's origin. Investigations into the origins of diseases can be slow, but the technologies aren't the problem. For example, delays can result when investigators can't access biological...
Pandemic Origins:
Technologies and Challenges for Biological Investigations
GAO-23-105406
Published:
Publicly Released:
Pandemics have high health and economic costs. Understanding their origins can help policymakers craft responses to prevent future pandemics. Several technologies can help researchers discover a pandemic's origin, such as using genetic analysis and disease tracking. These investigations can be slow, but the technologies aren't the problem. For example, delays can result when investigators can't access biological samples, or if there aren't enough trained investigators...
Emergency Relief Funds:
Significant Improvements Are Needed to Address Fraud and Improper Payments
GAO-23-106556
Published:
Publicly Released:
The federal government distributed funds quickly during the COVID-19 pandemic. This led to an increase in fraud and other "improper payments"—payments that shouldn't have been made or were made in the incorrect amount. The extent of fraud in COVID-relief programs is not yet known but our estimate suggests that one program, Unemployment Insurance, made over $60 billion in fraudulent payments. We testified on contributing factors...
Weapon System Sustainment:
Navy Ship Usage Has Decreased as Challenges and Costs Have Increased
GAO-23-106440
Published:
Publicly Released:
From FYs 2011-2021, the 10 Navy ship classes we reviewed faced persistent and worsening challenges including a decrease in the number of hours a ship is available for operations or training. These challenges included: An increase in the number of working ship parts removed and used elsewhere due to parts shortages An increase in casualty reports—i.e., reports of events that impair a ship's ability to...
Pediatric Cancer Studies:
Early Results of the Research to Accelerate Cures and Equity for Children Act
GAO-23-105947
Published:
Publicly Released:
In the U.S., pediatric cancer is among the most deadly childhood diseases—but relatively few drugs are approved to treat it. To facilitate the development of safe new drugs to treat children, the RACE Act requires developers of certain adult cancer drugs to submit plans to also study their use in pediatric patients. This has increased the number of planned pediatric cancer studies, but it's too...
Professional Standards Update No. 87
Published:
Publicly Released:
Medicare Advantage:
Plans Generally Offered Some Supplemental Benefits, but CMS Has Limited Data on Utilization
GAO-23-105527
Published:
Publicly Released:
About half of Medicare users are enrolled in Medicare Advantage (MA), private plans that offer the same benefits covered under Original Medicare and may offer additional benefits, such as dental or vision. In recent years, MA plans could offer new types of supplemental benefits, like in-home support services. But are plans offering additional benefits, and are people using them? We analyzed data for 3,893 plans...
Cybersecurity High-Risk Series:
Challenges in Securing Federal Systems and Information
GAO-23-106428
Published:
Publicly Released:
Federal systems are vulnerable to cyberattacks. Our High Risk report identified 10 critical actions for addressing federal cybersecurity challenges. In this report, the second in a series of four, we cover the 3 actions related to Securing Federal Systems and Information: Improve implementation of government-wide cybersecurity initiatives Address weaknesses in federal agency information security programs Enhance the federal response to cyber incidents to better protect...
Tennessee Valley Authority:
Additional Steps Are Needed to Better Manage Climate-Related Risks
GAO-23-105375
Published:
Publicly Released:
The Tennessee Valley Authority (TVA) provides electricity to 10 million customers in 7 states. TVA faces some climate-related risks that could affect its ability to generate and transmit electricity while keeping rates low. For example, in 2010, some TVA infrastructure was submerged in over 5 feet of water when 15 inches of rain fell in 2 days. Relocating this infrastructure to higher ground cost about...
GASB
GASB Proposes Guidance to Assist with Application of Subscription-Based Information Technology Arrangements
February 6, 2023
IFRS
Join the staff—Director Investor Relationships, EMEA
Careers
3 Feb 2023
February 2023 International Sustainability Standards Board agenda and meeting papers now available
Meeting
3 Feb 2023
Register for Part 3 of the ISSB Corporate Reporting Webinar Series
Webinar
2 Feb 2023
January 2023 monthly news summary now available
News Summary
1 Feb 2023
January 2023 IASB podcast now available
Podcast
1 Feb 2023
December 2022 Jurisdictional Working Group meeting summary now available
1 Feb 2023
Meeting
December 2022 Accounting Standards Advisory Forum meeting summary now available
1 Feb 2023
Meeting
January 2023 International Accounting Standards Board agenda and meeting papers now available
31 Jan 2023
Feature
IASB gives insights into decisions made on merger and acquisition disclosures and goodwill accounting
31 Jan 2023
Feature
IFRS Foundation Trustees announce appointments to the IFRS Advisory Council from 1 January 2023
31 Jan 2023
Appointment
IRS
IRS introduces new service industry tip reporting program
IR-2023-19, Feb. 6, 2023 — The Treasury Department and Internal Revenue Service today issued Notice 2023-13, which contains a proposed revenue procedure that would establish the Service Industry Tip Compliance Agreement (SITCA) program, a voluntary tip reporting program between the IRS and employers in various service industries. The IRS is issuing this guidance in proposed form to provide an opportunity for public comment.
IRS issues guidance and updates frequently asked questions related to new, previously owned and qualified commercial clean vehicle credits
IR-2023-18, Feb. 3, 2023 — The Internal Revenue Service today issued Notice 2023-16 that modifies the definitions of certain vehicle classifications for the new, previously owned and qualified commercial clean vehicle credits.
Key points to keep in mind when filing 2022 tax returns
IR-2023-17, January 31, 2023 — To help taxpayers navigate the beginning of the tax filing season, the Internal Revenue Service today offered a checklist of reminders for people as they prepare to file their 2022 tax returns.
NYC
Department of Finance to Hold Notice of Property Value (NOPV) Information Sessions in All Five Boroughs
February 3, 2023
NYS
Superintendent Adrienne A. Harris Adopts Updated Regulation For Disclosure Requirements For Commercial Financing
February 1, 2023
SEC
Activision Blizzard to Pay $35 Million for Failing to Maintain Disclosure Controls Related to Complaints of Workplace Misconduct and Violating Whistleblower Protection Rule
2023-22
Washington D.C., Feb. 3, 2023 — The Securities and Exchange Commission today announced that Activision Blizzard Inc., a video game development and publishing company, agreed to pay $35 million to settle charges that it failed to maintain disclosure controls and procedures to ensure that the company could assess whether its disclosures pertaining to its workforce were adequate. The company also settled charges that it violated an SEC whistleblower protection rule.
SEC Publishes Annual Staff Report on Nationally Recognized Statistical Rating Organizations
2023-21
Washington D.C., Feb. 2, 2023 — The Securities and Exchange Commission today published a staff report that provides a summary of the staff’s examinations of nationally recognized statistical rating organizations (NRSROs) and discusses the state of competition, transparency, and conflicts of interest among NRSROs.
Small Business Advisory Committee to Host Meeting to Discuss Alternatives to Traditional Private Company Financing, Private Fund Reforms, and Public Company Investment Research
2023-20
Washington D.C., Jan. 31, 2023 — The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee today released the agenda for its meeting on Tuesday, Feb. 7. The Committee will discuss alternative approaches to private company financing, the Commission’s February 2022 proposal regarding private fund advisers, and the role of equity research for smaller public companies and investors. Members of the public can watch the live meeting via webcast on www.sec.gov.
SEC Proposes Updates to Ethics Rules Governing Securities Trading by Personnel
2023-19
Washington D.C., Jan. 30, 2023 — The Securities and Exchange Commission today proposed amendments to its ethics rules to strengthen and modernize its ethics compliance program. The amendments would add new requirements and prohibitions to the program, which already includes some of the most stringent ethics requirements in the executive branch for all agency employees, their spouses, and minor children.