As prepared for delivery Welcome to the second annual Partnership to Combat Human Rights Abuse and Corruption event. In this unusual time of virtual events and social distancing it is wonderful to see a record number of people get together to discuss this important topic. We are excited to host this event to bring together […]
Monthly Archives: November 2020
Treasury and IRS Issue Guidance Clarifying the Deductibility of Expenses Where a Business Received a PPP Loan
WASHINGTON – The U.S. Treasury Department and Internal Revenue Service (IRS) released guidance today clarifying the tax treatment of expenses where a Paycheck Protection Program (PPP) loan has not been forgiven by the end of the year the loan was received. Since businesses are not taxed on the proceeds of a forgiven PPP loan, the […]
Treasury Targets Vast Supreme Leader Patronage Network and Iran’s Minister of Intelligence
WASHINGTON – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today against a key patronage network for the Supreme Leader of Iran, the Islamic Revolution Mostazafan Foundation (Bonyad Mostazafan, or the Foundation), an immense conglomerate of some 160 holdings in key sectors of Iran’s economy, including finance, energy, construction, and […]
Statement on the President’s Intent to Nominate Brian P. Brooks to Serve as Comptroller of the Currency
News Release 2020-152 | November 17, 2020 Share This Page: WASHINGTON—Acting Comptroller of the Currency Brian P. Brooks released the following statement upon the announcement that President Donald J. Trump intends to nominate him to serve as the 32nd Comptroller of the Currency. It is a great honor to have President Donald J. Trump announce his […]
BRP ANNOUNCES NEW NAVIGATION APP – BRP GO!
Valcourt, Quebec, November 17, 2020 – BRP, the global leader in the world of powersports vehicles, propulsion systems and boats, has announced a new app – BRP GO! – designed to enhance how riders interact with the snowmobile community as they ride, within selected US and Canadian locations. Designed for Apple and Google devices, the […]
BRP ACCELERATES DIGITAL TRANSFORMATION JOURNEY, ANNOUNCES NEW NAVIGATION APP – BRP GO!
Valcourt, Quebec, November 17, 2020 – BRP, the global leader in the world of powersports vehicles, propulsion systems and boats, has announced a new app – BRP GO! – designed to enhance how riders interact with the snowmobile community as they ride, within selected US and Canadian locations. Designed for Apple and Google devices, the […]
Acting Comptroller of the Currency Congratulates SEC Chairman on his Tenure
News Release 2020-151 | November 17, 2020 Share This Page: WASHINGTON, DC—Acting Comptroller of the Currency Brian P. Brooks issued the following statement upon learning that Securities and Exchange Commission Chairman Walter Joseph “Jay” Clayton III plans to resign at year’s end. I want to congratulate Jay on his tenure as Chairman of the SEC and […]
TSX Delisting Review – General Moly, Inc. (GMO)
TMX Group Limited and its affiliates do not endorse or recommend any securities issued by any companies identified on, or linked through, this site. Please seek professional advice to evaluate specific securities or other content on this site. All content (including any links to third party sites) is provided for informational purposes only (and not […]
OCC Finalizes Rule to Eliminate Unnecessary Licensing Requirements
News Release 2020-150 | November 16, 2020 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a final rule updating and clarifying licensing policies and procedures. The final rule makes various changes to the OCC’s Rules, Policies, and Procedures for Corporate Activities, 12 CFR part 5, including eliminating unnecessary requirements consistent […]
Statement on ByteDance and TikTok by Treasury Spokesperson Monica Crowley
The President’s August 14 Order requires ByteDance and TikTok Inc. to undertake specific divestments and other measures to address the national security risk arising from ByteDance’s acquisition of Musical.ly. Consistent with the Order, the Committee on Foreign Investment in the United States (CFIUS) has granted ByteDance a 15-day extension of the original November 12, 2020 […]