OMB Tag Archives

Changing the Inflation Measures on the Official Poverty Measure – Comments Due June 21

| General News

The White House Office of Management and Budget (OMB) published a notice soliciting comments on changes to the Official Poverty Measure (OPM). The OPM is currently set by the U.S. Department of Agriculture based on the cost of food and subject to cost-of-living adjustments. This measure is used by the Department of Health and Human Services to set eligibility for a range of low-income assistance programs including Head Start, free and reduced meals in public schools and the Children’s Health Insurance Program, just to name a few. The OMB is proposing to change the OPM inflationary index,  which would have the effect of designating less people as low-income. Comments are due by June 21, 2019.

IRS Submits Opportunity Zone Regulation to OMB for Review

| Federal / Agency News

The Internal Revenue Services submitted regulatory guidance for the Qualified Opportunity Zone Program to the Office of Information and Regulatory Affairs, a division of the White House Office Management of the Budget (OMB) on Wednesday September 12.  This proposed rule is expected to clarify several issues relating to the incentive.  The specifics of the proposed regulatory language is not yet public and will likely take at least ten days, if not longer for review and potential approval by OMB.  NH&RA will provide a summary of the analysis when it becomes available.