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
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.
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.
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.
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
Federal Issue Briefs Series
Tax Preparer Regulation
The AICPA is actively monitoring proposals to regulate tax return preparers. Rachel Dresen has an update.
View the complete video series >>
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