CBO
Report
Expired and Expiring Authorizations of Appropriations for Fiscal Year 2024—Information for Legislation Enacted Through September 30, 2023
January 12, 2024
CBO reports annually on programs whose authorizations of appropriations have already expired or will expire. This data file covers legislation enacted through September 30, 2023. A full report will be issued later this year.
Cost Estimate
H.R. 6249, Think Differently About Emergencies Act
January 12, 2024
As ordered reported by the House Committee on Transportation and Infrastructure on November 15, 2023
Cost Estimate
H.R. 6655, A Stronger Workforce for America Act
January 12, 2024
As ordered reported by the House Committee on Education and the Workforce on December 12, 2023
Cost Estimate
S. 133, NAPA Reauthorization Act
January 12, 2024
As reported by the Senate Committee on Health, Education, Labor, and Pensions on July 27, 2023
Cost Estimate
S. 134, Alzheimer’s Accountability and Investment Act
January 12, 2024
As reported by the Senate Committee on Health, Education, Labor, and Pensions on July 27, 2023
Cost Estimate
S. 3067, Facilitating Hazard Mitigation Projects Act
January 12, 2024
As ordered reported by the Senate Committee on Homeland Security and Governmental Affairs on October 25, 2023
Cost Estimate
H.R. 6585, Bipartisan Workforce Pell Act
January 11, 2024
As reported by the House Committee on Education and the Workforce on December 22, 2023
Cost Estimate
H.R. 6914, Pregnant Students’ Rights Act
January 11, 2024
As ordered reported by the House Committee on Education and the Workforce on January 10, 2024
Presentation
Perspectives on the Navy’s 2024 Shipbuilding Plan
January 11, 2024
Presentation by Eric J. Labs, an analyst in CBO’s National Security Division, at the Surface Navy Association’s 36th National Symposium.
Report
CBO’s Recent Publications and Work in Progress as of December 31, 2023
January 10, 2024
In this report, the latest in a quarterly series, CBO highlights its recent publications and summarizes its work in progress.
Cost Estimate
H.R. 2882, Udall Foundation Reauthorization Act of 2023
January 10, 2024
As ordered reported by the House Committee on Natural Resources on November 15, 2023
Cost Estimate
Legislation considered under suspension of the Rules of the House of Representatives during the week of January 15, 2024
January 10, 2024
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
H.J. Res. 98, a joint resolution providing for Congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the National Labor Relations Board relating to “Standard for Determining Joint Employer Status”
January 9, 2024
As reported by the House Committee on Education and the Workforce on January 3, 2024
Cost Estimate
H.R. 5863, Federal Disaster Tax Relief Act of 2023
January 9, 2024
As ordered reported by the House Committee on Ways and Means on November 2, 2023
Cost Estimate
H.R. 5988, United States-Taiwan Expedited Double-Tax Relief Act
January 9, 2024
As reported by the House Committee on Ways and Means on December 12, 2023
Report
Monthly Budget Review: December 2023
January 9, 2024
The federal budget deficit totaled $509 billion in the first quarter of fiscal year 2024, CBO estimates—$87 billion more than the deficit recorded during the same period last fiscal year.
Blog Post
CBO to Launch a Newsletter, "CBO's Quarter in Review"
January 8, 2024
On January 10, CBO will launch a quarterly newsletter that will provide a convenient roundup of CBO’s most recent publications and cost estimates.
Cost Estimate
H.R. 4190, Restoring Benefits to Defrauded Veterans Act
January 8, 2024
As ordered reported by the House Committee on Veterans’ Affairs on December 5, 2023
Cost Estimate
H.R. 5613, Sanctions Lists Harmonization Act
January 8, 2024
As ordered reported by the House Committee on Foreign Affairs on December 13, 2023
Cost Estimate
H.R. 5917, Strengthening Tools to Counter the Use of Human Shields Act
January 8, 2024
As ordered reported by the House Committee on Foreign Affairs on December 13, 2023
FASB
FASB Names New Members to Its Not-for-Profit Advisory Committee
January 4, 2024
GAO
Revolving Funds:
Key Features
GAO-24-107270
Published: Jan 17, 2024 Publicly Released: Jan 16, 2024
In this testimony, we describe key features of revolving funds—a type of appropriation that allows an agency to fund an operation more like a business. The money that the operation collects—such as user fees or proceeds from the sale of goods or services—is available to the agency for that operation without the need for further congressional action and without fiscal year limitations. Agencies must have...
Veterans Health:
VA Should Improve Its Monitoring of Severe Maternal Complications and Mental Health Screenings
GAO-24-106209
Published: . Publicly Released: .
Pregnant veterans are more likely to have physical and mental health conditions that may lead to adverse maternal outcomes or complications. The Department of Veterans Affairs currently monitors maternal deaths and screens pregnant and postpartum veterans for mental health conditions. But VA hasn't said when it will start reviewing screening results or what demographic data it will use when monitoring severe maternal complications to address...
Public Health Preparedness:
HHS Emergency Agency Needs to Strengthen Workforce Planning
GAO-24-106108
Published: . Publicly Released: .
The Administration for Strategic Preparedness and Response (ASPR)'s workforce planning problems are ongoing. These issues were part of the reason why we added the Department of Health and Human Services' leadership in public health emergencies to our High Risk list in 2022. In this report, we recommend ways for ASPR to address the problems and improve emergency response, such as: Setting specific goals and performance...
Financial Technology:
SEC Should Prepare a Workforce Plan, Document Oversight Controls, and Set Goals for Innovation Office
GAO-24-106635
Published: . Publicly Released: .
Crypto assets such as Bitcoin have grown rapidly in recent years. Given the complexity and risks associated with them, it's essential that the Securities and Exchange Commission have staff with the skills necessary to oversee and regulate this growing industry. SEC has followed some good workforce planning practices, such as regularly assessing hiring and training needs. But SEC hasn't yet updated its workforce planning strategy...
Coast Guard:
Improved Reporting on Domestic Icebreaking Performance Could Clarify Resource Needs and Tradeoffs
GAO-24-106619Published: . Publicly Released: .
The U.S. Coast Guard uses icebreaking vessels to keep waterways open and safe for commercial ships during winter in certain domestic areas, including the Great Lakes. This Q&A report looks at the economic impact of ice in the Great Lakes and the Coast Guard's assessment of what it needs to continue keeping waterways open. The Coast Guard is currently able to break ice with its...
Cyber Diplomacy:
State's Efforts Aim to Support U.S. Interests and Elevate Priorities
GAO-24-105563
Published: Jan 11, 2024
Publicly Released: Jan 11, 2024
The U.S. and its allies face growing foreign cyber threats as international trade, communication, and critical infrastructure are increasingly dependent on the internet. In 2022, the State Department created the Bureau of Cyberspace and Digital Policy to consolidate its efforts and leadership of cyber-related activities into a single unit led by an Ambassador-at-Large. In doing so, State raised the profile of cyberspace as a diplomatic...
Research Security:
Strengthening Interagency Collaboration Could Help Agencies Safeguard Federal Funding from Foreign Threats
GAO-24-106227
Published: Jan 11, 2024
Publicly Released: Jan 11, 2024
Federal agencies can award funds to foreign organizations or individuals to encourage scientific advancements. But some applicants may try to exploit U.S.-funded research—including in ways that jeopardize U.S. national security. While there are safeguards around these funds, not all agencies use the same tools to vet applicants. Also, agencies use available lists to determine which universities, companies, and other organizations are excluded from U.S. funding—but...
Traveler Inspections:
DHS Mechanisms to Help Prevent Discrimination and Address Complaints
GAO-24-105383
Published: Dec 12, 2023
Publicly Released: Jan 11, 2024
U.S. Customs and Border Protection inspects travel and trade at our nation's borders. The agency must secure the nation's borders while ensuring the respectful, impartial treatment of travelers. CBP has issued policies and designed trainings to help prevent discrimination during traveler inspections. We reviewed CBP's efforts and found that it has procedures in place to help prevent discrimination and to address traveler complaints. For example...
Prenatal Supplements:
Amounts of Some Key Nutrients Differed from Product Labels
GAO-24-106689
Published: Dec 12, 2023
Publicly Released: Jan 11, 2024
Unlike medications, dietary supplements—including those for prenatal care—don't have to be evaluated for safety or effectiveness by the Food and Drug Administration before reaching stores. This Q&A report assesses whether labels for over-the-counter prenatal supplements reflect actual amounts of vitamins and minerals in them. Our testing showed that 11 of 12 prenatal supplements had at least one nutrient above or below the levels noted on...
Deferred Maintenance:
Agencies' Project Selection and Challenges
GAO-24-107234
Published: Jan 10, 2024
Publicly Released: Jan 10, 2024
Buildings, roads, and other structures on the federal government's public lands require billions of dollars to maintain each year. Agencies may defer maintenance projects to future years when funds are unavailable. This testimony discusses a fund Congress established in 2020 to address deferred maintenance in fiscal years 2021-2025. The money—as much as $1.9 billion annually—is divided among 5 eligible agencies at 70% for the National...
Child Trafficking:
Addressing Challenges to Public Awareness and Survivor Support
GAO-24-106038
Published: Dec 11, 2023
Publicly Released: Jan 10, 2024
This Q&A report reviews issues—like public misperception and insufficient support—that impact child trafficking survivors. Trafficked children detained by law enforcement may not be seen as victims, and so may not get counseling or other services. Also, service providers and others told us there isn't enough support available for certain groups of trafficked children, such as victims of forced labor. The Departments of Justice and Health...
Aviation Certification:
FAA Should Evaluate Effectiveness of the International Validation Process
GAO-24-106040
Published: Jan 10, 2024
Publicly Released: Jan 10, 2024
U.S. manufacturers export billions of dollars' worth of airplanes and other aviation products each year. Exported products require safety approvals from both the exporting and the importing country. Manufacturers told us it's hard to predict how long other countries will take to approve their products. They also said countries are requesting more data and extending timelines, and the Federal Aviation Administration is short-staffed—affecting how much...
Discretionary Transportation Grants:
DOT Should Improve Transparency in the Infrastructure for Rebuilding America Program
GAO-24-106378
Published: Jan 10, 2024
Publicly Released: Jan 10, 2024
The Department of Transportation awarded $1.5 billion in grants to 26 significant freight and highway projects in the FY 2022 Infrastructure for Rebuilding America program (INFRA). DOT combined some phases of the INFRA grant award process with 2 of its other competitive grant programs. DOT has taken steps to improve the transparency of the INFRA award process—such as writing a new memo to explain the...
Commuter Rail:
Agencies' Estimates of Operations and Maintenance Costs for Positive Train Control
GAO-24-106329
Published: Jan 10, 2024
Publicly Released: Jan 10, 2024
Positive train control (PTC) is a communications-based system designed to prevent train-to-train collisions and other types of accidents. We surveyed all 29 commuter rail agencies about the costs they incur to operate and maintain PTC. Of the 26 that responded, most told us it was challenging to identify prior years' costs because PTC costs are integrated into other costs. For example, employees' PTC-related tasks aren't...
Cybersecurity:
OMB Should Improve Information Security Performance Metrics
GAO-24-106291
Published: Jan 9, 2024
Publicly Released: Jan 9, 2024
We reviewed how 23 civilian federal agencies implemented the Federal Information Security Modernization Act of 2014. Their implementation continued to be mostly ineffective. For example, inspectors general found that only 8 of 23 agencies had effective security programs in FY 2022. Agency officials identified practices—such as commitment from leadership—that could make the security programs more effective. Agencies and IGs also suggested FISMA metrics need to...
Legislative Branch:
Options for Enhancing Congressional Oversight of Rulemaking and Establishing an Office of Legal Counsel [Reissued with revisions on Jan. 9, 2024]
GAO-24-105870
Published: Dec 19, 2023
Publicly Released: Jan 9, 2024
Oversight of the executive branch is one of Congress's main responsibilities. In recent years, Congress has explored ways to modernize its operations in this area, including regulatory oversight and congressional legal representation for working with the executive branch. To help, we researched Congress's options. It can create new regulatory or legal offices, oversight processes, or regulatory requirements—or change existing ones. Each of these options comes...
VA Health Care:
Office of Rural Health Efforts and Recommendations for Improvement
GAO-24-107245
Published: Jan 11, 2024
Publicly Released: Jan 9, 2024
Access to health care is critical for veterans, particularly for the more than 8 million veterans that live in rural areas. The Veterans Health Administration's Office of Rural Health funds research and initiatives aimed at improving the health of veterans living in rural areas. We testified about our prior work on the office's efforts. We found that while it supports many research projects, it doesn't...
Federal Real Property:
Improved Data and Access Needed for Employees with Disabilities Using Secure Facilities
GAO-24-107117
Published: Jan 9, 2024
Publicly Released: Jan 9, 2024
Federal employees use secure facilities—known as "SCIFs"—to work with classified information. But some SCIFs aren't accessible for employees with disabilities—e.g., some doors are too heavy to open, or doorways are too narrow for wheelchairs. While the Office of the Director of National Intelligence (ODNI) has taken some steps to address access issues, it can do more. For example, it should improve its guidance on SCIFs...
Vehicle Safety:
Opportunities to Improve Repair Rates for Recalled Vehicles
GAO-24-106356
Published: Jan 9, 2024
Publicly Released: Jan 9, 2024
The National Highway Traffic Safety Administration oversees vehicle recalls when a defect creates an unreasonable safety risk. Manufacturers must notify vehicle owners of recalls and usually fix the problem for free. NHTSA monitors repair rates and enforces rules that manufacturers must follow for the hundreds of safety recalls issued each year. Like NHTSA, we found that certain factors influence vehicle recall repair rates, such as...
Homeland Security Grants:
DHS Implemented National Priority Areas but Could Better Document and Communicate Changes
GAO-24-106327
Published: Jan 9, 2024
Publicly Released: Jan 9, 2024
The Department of Homeland Security provides funds to help state and local governments prepare for terrorist threats. The Homeland Security Grant Program requires grantees to spend 30% of their funds on "National Priority Areas"—designated threat categories like cybersecurity. Almost all the areas have minimum spending requirements. To respond to emergent risks, DHS has changed these priorities over time—e.g., adding an election security area in FY...
GASB
GASB Issues Guidance on Disclosure of Certain Risks
January 8, 2024
IASB
January 2024 IASB and joint IASB-ISSB meeting papers now available
Meeting
12 January 2024
November 2023 IFRS Advisory Council meeting summary now available
Meeting
11 January 2024
Join the staff—Translation Manager Adoption and Copyright
Careers
10 January 2024
Join the staff—Digital Communications Assistant
Careers
10 January 2024
Capital Markets Advisory Committee seeks new members to join in 2025
10 January 2024
IRS
IRS provides initial guidance to employers setting up emergency savings accounts for their employees
IR-2024-11, Jan. 12, 2024 — The Internal Revenue Service today issued initial guidance to help employers with implementation of pension-linked emergency savings accounts (PLESAs).
IRS Free File now available; free service through IRS.gov available for millions of taxpayers
IR-2024-10, Jan. 12, 2024 — The Internal Revenue Service announced that IRS Free File Guided Tax Software service is ready for taxpayers to use in advance of the opening of tax season later this month.
IRS ramps up new initiatives using Inflation Reduction Act funding to ensure complex partnerships, large corporations pay taxes owed, continues to close millionaire tax debt cases
IR-2024-09, Jan. 12, 2024 — The Internal Revenue Service announced today continued progress to expand enforcement efforts related to high-income individuals, large corporations and complex partnerships as part of wider efforts to transform the agency.
IRS: Webinar on 2023 Form 1099-K rules now available; free online video can help those who get payments through payment apps and online marketplaces
IR-2024-08, Jan. 11, 2024 — The Internal Revenue Service today posted a free online video of a recent 2023 Form 1099-K webinar, a resource among many helpful videos at irsvideos.gov.
National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of paper processing delays
IR-2024-07, Jan. 10, 2024 — National Taxpayer Advocate Erin M. Collins released her 2023 Annual Report to Congress.
IRS reminder: Jan. 31 filing deadline for employers to file wage statements, independent contractor forms
IR-2024-06, Jan. 9, 2024 — With tax season rapidly approaching, the IRS reminds employers that Jan. 31 is the deadline for submitting wage statements and forms for independent contractors with the government.
IRS, Security Summit partners warn of surge in “new client” scams aimed at tax pros as 2024 filing season approaches
IR-2024-05, Jan. 9, 2024 — The Internal Revenue Service and the Security Summit partners today alerted tax professionals to watch out for a new round of filing season-related email schemes where cybercriminals pose as potential clients.
2024 tax filing season set for January 29; IRS continues to make improvements to help taxpayers
IR-2024-04, Jan. 8, 2024 — The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns.
NYC
Department of Finance Publishes FY2025 Tentative Property Tax Assessment Roll
January 16, 2024
NYS
Superintendent Adrienne A. Harris Announces $8 Million Penalty Against Genesis Global Trading, Inc. After DFS Investigation Finds Significant Failings in Anti-Money Laundering and Cybersecurity Programs
January 12, 2024
PCAOB
James Cappoli Named PCAOB General Counsel
Jan. 11, 2024
SEC
J.P. Morgan to Pay $18 Million for Violating Whistleblower Protection Rule
2024-7
Washington D.C., Jan. 16, 2024 — The Securities and Exchange Commission today announced settled charges against J.P. Morgan Securities LLC (JPMS) for impeding hundreds of advisory clients and brokerage customers from reporting potential securities law violations to the SEC. JPMS agreed to pay an $18 million civil penalty to settle the charges.
SEC Charges Morgan Stanley and Former Executive Pawan Passi with Fraud in Block Trading Business
2024-6
Washington D.C., Jan. 12, 2024 — The Securities and Exchange Commission today charged investment banking giant Morgan Stanley & Co. LLC and the former head of its equity syndicate desk, Pawan Passi, with a multi-year fraud involving the disclosure of confidential information about the sale of large quantities of stock known as “block trades.” The SEC also charged Morgan Stanley with failing to enforce its policies concerning the misuse of material non-public information related to block trades.
SEC Charges Future FinTech CEO Shanchun Huang With Fraud and Disclosure Failures
2024-5
Washington D.C., Jan. 11, 2024 — The Securities and Exchange Commission today charged Shanchun Huang with manipulative trading in the stock of Future FinTech Group Inc., using an offshore account shortly before he became Future FinTech’s CEO in 2020. The SEC also charged Huang with failing to disclose his beneficial ownership of Future FinTech stock as well as transactions in such stock.
SEC Charges Global Software Company SAP for FCPA Violations
2024-4
Washington D.C., Jan. 10, 2024 — The Securities and Exchange Commission today announced charges against global software company SAP SE for violations of the Foreign Corrupt Practices Act (FCPA) arising out of bribery schemes in South Africa, Malawi, Kenya, Tanzania, Ghana, Indonesia, and Azerbaijan. The company agreed to monetary sanctions of nearly $100 million in disgorgement and prejudgment interest to settle the SEC’s charges.
TIGTA
Interim Evaluation – Assessment of the IRS’s Comprehensive Facilities Security Review and Employee Safety and Security Measures
January 8, 2024