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Regulatory Roundup: February 11-17

By:
Karen Sibayan
Published Date:
Feb 18, 2025

AICPA

Feb 16, 2025

Feb 14, 2025

Feb 14, 2025

Feb 13, 2025

Feb 13, 2025

Feb 13, 2025

Feb 12, 2025

Feb 11, 2025

CBO

Cost Estimate
February 14, 2025
As reported by the Senate Committee on Small Business and Entrepreneurship on February 10, 2025

Report
February 13, 2025
CBO’s cost estimates, which represent the agency’s best assessment of a bill’s budgetary effects, can be subject to uncertainty arising from various sources. CBO describes how it addresses six common sources of uncertainty.

Cost Estimate
February 13, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on February 5, 2025

Cost Estimate
February 12, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on February 5, 2025

Cost Estimate
February 11, 2025
As ordered reported by the Senate Committee on Commerce, Science, and Transportation on February 5, 2025

Report
February 10, 2025

The federal budget deficit totaled $838 billion in the first four months of fiscal year 2025, CBO estimates. That amount is $306 billion more than the deficit recorded during the same period last fiscal year.

GAO

GAO-25-107460
Published: Feb 13, 2025 . Publicly Released: Feb 13, 2025 .
The Maritime Administration (MARAD) is responsible for America's waterborne transportation—overseeing U.S. shipping, port and vessel operations, national security, and more. MARAD has about 800 employees to carry out its many missions. But the agency is facing staff turnover, high numbers of employees eligible to retire, and vacancies in critical positions. And it doesn't have a strategic human capital plan to address how it will hire...

GAO-25-107187
Published: Feb 13, 2025 . Publicly Released: Feb 13, 2025 .
The Department of Defense provides a pharmacy benefit to over 9 million beneficiaries through TRICARE. In FY 2023, TRICARE spent over $8 billion on prescription drugs for its beneficiaries. DOD's latest pharmacy contract reduced the minimum number of in-network pharmacies by about 25%. DOD pharmacy contractor reports say 98% of beneficiaries were still within a 15-minute drive of a network pharmacy in 2024. Our analysis...

GAO-25-108103
Published: Feb 12, 2025 . Publicly Released: Feb 12, 2025 .
The Bureau of Indian Education supports and oversees schools for 46,000 students on or near reservations. Since 2013, we've reported numerous problems with the Bureau's work— safety hazards in schools and weak oversight of spending, for example. We testified that the Bureau has taken key steps toward improvement and addressed 28 of our 38 recommendations. But serious underlying issues remain. For example, the Bureau's workforce...

GAO-25-106849
Published: Feb 12, 2025 . Publicly Released: Feb 12, 2025 .
Oversight helps U.S. agencies manage risks related to exporting firearms. In 2020, export oversight for most nonautomatic and semiautomatic firearms, e.g., certain rifles and pistols, was transferred from the State Department to the Commerce Department. Since then, the value of U.S. firearms exports to resellers increased greatly, specifically in regions where imported firearms are at risk of being diverted for illegal use. To mitigate this...
 
GAO-25-107244
Published: Feb 11, 2025 . Publicly Released: Feb 11, 2025 .
Owners and operators of U.S. maritime facilities and vessels rely on systems that are connected to internal and external networks—including the internet. These facilities and vessels face heightened cybersecurity risks from certain nations and transnational criminal organizations. The Coast Guard provides guidance for and inspects facilities and vessels that are subject to cybersecurity-related requirements. But it can't readily access complete information on these inspection results—which...

GAO-25-107931
Published: Feb 11, 2025 . Publicly Released: Feb 11, 2025 .

GAO-25-108129
Published: Feb 11, 2025 . Publicly Released: Feb 11, 2025 .
We testified about federal payment processes and systems related to the General Fund, and our knowledge of audit activities over these systems. This testimony is based on our recurring audits of the General Fund. Treasury's Fiscal Service manages the General Fund systems that are critical to the government's financial infrastructure. For example, these systems disburse payments to American people and businesses; collect taxes and other...
 
GAO-25-107286
Published: Feb 10, 2025 . Publicly Released: Feb 10, 2025 .
Nearly all children in foster care are eligible for Medicaid. After they age out of foster care, usually at 18, most remain eligible for coverage until 26. Over 100,000 of these young people had Medicaid in 2023. But it's hard for some young people to maintain their coverage. For example, some may miss communications because they change addresses frequently. Others may avoid seeking help because...

GAO-25-106678
Published: Jan 21, 2025 . Publicly Released: Feb 10, 2025 .
In 2019, the Department of Veterans Affairs updated its process for reviewing appointment requests for specialty health care, such as cardiology. VA facilities set up dedicated teams to review appointment requests and contact veterans about their scheduling options, e.g., letting them know they can see a health care provider in their community if they can't access a VA facility. VA facilities had mixed experiences implementing...
 
GAO-25-108101
Published: Feb 12, 2025 . Publicly Released: Feb 10, 2025 .

We testified about how the Department of Veterans Affairs helps ensure veterans get timely access to health care providers in their communities. The Veterans Community Care Program expanded the availability of non-VA care for veterans in 2018. About 2.8 million veterans got community care in 2023. We've made many recommendations to improve appointment scheduling and wait times, and VA's community care program oversight. VA has...

GASB

February 10, 2025

IASB

 
11 Feb 2025
 
11 Feb 2025
 
11 Feb 2025
 

10 Feb 2025

IRS

IR-2025-22, Feb. 12, 2025 — With the 2025 filing season underway and the anticipated high demand for IRS phone lines around the Presidents Day holiday, the Internal Revenue Service today encouraged taxpayers to visit IRS.gov and use online tools to get immediate answers.

NYC

February 12, 2025

February 10, 2025

NYS

2025-41
Washington D.C., Feb. 14, 2025 — The Securities and Exchange Commission will host the SEC’s 44th Annual Government-Business Forum on Small Business Capital Formation at SEC Headquarters in Washington, D.C. on April 10 from 1 – 4:30 p.m. ET.

2025-40
Washington D.C., Feb. 14, 2025 — The Securities and Exchange Commission is seeking candidates for appointment as members of the SEC’s Investor Advisory Committee, which was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act to help protect investors and improve securities regulation. Candidates will be considered for open at-large membership positions on the committee, as well as for a position as the member who is representative of the interests of senior citizens, as provided in the Act.

2025-39
Washington D.C., Feb. 14, 2025 — The Securities and Exchange Commission today filed settled charges against New York-based registered investment adviser One Oak Capital Management LLC, and former One Oak investment adviser representative, Michael DeRosa, for misconduct related to advisory services provided to their retail clients.

2025-38

Washington D.C., Feb. 10, 2025 — The Securities and Exchange Commission today provided an exemption from the requirement to report certain personally identifiable information (PII)names, addresses, and years of birth – to the Consolidated Audit Trail (CAT) for natural persons. 

TIGTA

February 13, 2025

February 10, 2025




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