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.

    Spotlight

    XBRL
    President Obama signed the Digital Accountability and Transparency Act (DATA Act) into law on May 9, 2014. The AICPA supported this bill and continues to support other legislative proposals which call for utilizing XBRL.
    Federal Documents Preserving the Cash Basis Method of Accounting for Tax Purposes
    CPA firms are among many businesses that utilize the cash basis method of accounting for tax purposes. However, recent tax reform proposals would require businesses and individuals who exceed $10 million in annual gross receipts to use the accrual method.
    EEOC Urged to Stop Investigations of Accounting Partnership Retirement Practices
    In a letter to the Equal Employment Opportunity Commission (EEOC), the AICPA has asked commissioners to reject staff appeals to investigate and litigate against accounting firms regarding partner retirement provisions.

    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.

    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

    Issue Briefs 

    Accrual Accounting Provision

    Mark Peterson reports that the AICPA is fighting a congressional proposal that would require the use of accrual accounting by CPA firms. 

    View the series:

    • Workforce Mobility
      Brady King has a report on the AICPA’s support of legislation that would create a uniform national standard for state tax withholding.
    • Mandatory Firm Rotation
      The CPA profession has successfully promoted legislation that would prohibit mandatory audit firm rotation. Kate Kiley has an update.
    • Patent Assertion Entities
      The AICPA favors legislative reforms to the patent system that would thwart the efforts of patent trolls. Brady King has details.
    • Tax Return Due Dates
      Legislation that would simplify tax return due dates has the backing of the CPA profession. Learn more from Rachel Dresen.

    More on AICPA TV

    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
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