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Home Advocacy Federal Issues

Federal Issues

The Congressional and Political Affairs team monitors and advocates on legislative matters that affect the accounting profession. The AICPA develops Congressional testimony, has contact with federally-elected officials and their staffs, and works with regulatory agencies to help promote sound policymaking. A complete list of regulatory and legislative issues can be accessed below.
Legislative and Regulatory Issues
The CPA Advocate

Spotlight

XBRL
Extensible Business Reporting Language (XBRL) used in financial and other reporting allows for easier access and more transparent information. AICPA supports legislative proposals to utilize XBRL by Federal agencies and recipients of Federal funds.
Implementation of the Dodd Frank Act
The Dodd Frank Wall Street Reform and Consumer Protection Act was enacted in July 2010; learn about its implementation and how it is affecting CPAs.
Due Dates
AICPA is advocating for a change in the due dates of Schedules K-1 to ensure that owners and beneficiaries have access to information to file complete and timely tax returns.
Tax Strategy Patents
On September 16, 2011, President Obama signed the America Invents Act, which contains a provision that eliminates the patenting of new tax strategy patents. AICPA strongly supported this taxpayer-friendly legislation.

AICPA Wins Repeal of 1099 Reporting Requirements
The AICPA’s push to overturn burdensome 1099 information reporting requirements mandated by Congress last year saw success on April 14 when President Barack Obama signed H.R. 4 into law.

Resources 

Library of Congress
A reference for legislative information, Congressional activity, Congressional committees, Members of Congress, Federal Agencies and other information on the legislative process.

U.S. Senate
Includes links to Senate action, committees, hearings, markups of bills, all official Senators’ websites, etc.

U.S. House of Representatives
Includes links to House action, committees, hearings, markups of bills, all official House Members’ websites, etc.

More resources

How You Can Get Involved 

Make Your Voice Heard – Go to the AICPA Legislative Action Center

As a CPA, the Congressional and Political Affairs Team encourages all members of the AICPA to be involved in the political process and make your voice heard. 


Become an AICPA Federal Key Person Program

As part of the Institute’s advocacy efforts, the AICPA Federal Key Person Program seeks interested AICPA members to develop relationships with their Senators and Congressperson.  Key Persons are periodically asked to call or write Congressional Members regarding specific legislative issues.


Support the AICPA Political Action Committee (AICPA PAC)

The AICPA PAC is a vehicle by which AICPA members can help to have the voice of the profession heard on Capitol Hill. Member contributions to the PAC are welcome at any time and can be made online.

Contact Us 



How to Reach the Congressional and Political Affairs Team

  • email:  CongAffairs@aicpa.org
  • call:  202-737-6600
  • write:  1455 Pennsylvania Avenue, NW, Washington, DC  20004


Get specific team member contact information here.

Copyright © 2006-2012 American Institute of CPAs.