As Prepared for Delivery It is a pleasure to meet with Minister Godongwana at this G20 to discuss our shared international economic priorities as we look ahead to South Africa’s G20 host year in 2025 and the United States host year in 2026. The G20 is a crucial forum for the world’s largest economies to […]
Category Archives: U.S. Treasury
Joint Statement on the Brazil Fazenda – U.S. Treasury Climate Partnership
The flooding in Rio Grande do Sul that began in late April had a devastating impact across southern Brazil. We express our condolences to the families of those who died in this disaster and recognize that the Brazilian government is working hard to help the hundreds of thousands of people that remain displaced. The recognition […]
Statement from Secretary of the Treasury Janet L. Yellen on the Brazil Fazenda-U.S. Treasury Climate Partnership
As Prepared for Delivery Minister Haddad, it was a pleasure meeting with you earlier this week, and I am very glad that we are jointly announcing the launch of the Brazil Fazenda-U.S. Treasury Climate Partnership today. This announcement draws on our two countries’ long history. There are deep ties between the United States and Brazil, […]
Agencies Remind Banks of Potential Risks Associated with Third-Party Deposit Arrangements and Request Additional Information on Bank-Fintech Arrangements
The federal bank regulatory agencies today issued a statement reminding banks of potential risks associated with third-party arrangements to deliver bank deposit products and services. The agencies support responsible innovation and banks engaging in these arrangements in a safe and sound manner and in compliance with applicable law. While these arrangements can provide benefits, supervisory […]
Agencies Announce Public Outreach Meeting As Part of Their Review of Regulations
Federal bank regulatory agencies will hold a virtual public outreach meeting on September 25, 2024, as part of their review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). EGRPRA requires the agencies, with input from the public, to review their regulations at least once every 10 years to identify […]
Treasury Targets Guatemalan Human Smuggling Organization for Illegal Transport of Migrants to the United States
Action Taken in Coordination with U.S., Mexican, and Guatemalan Partners WASHINGTON — Today, Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the Lopez Human Smuggling Organization (Lopez HSO), a transnational criminal organization (TCO) based in Guatemala. Human smuggling is a federal crime that includes bringing migrants into the United States illegally, as well as unlawfully transporting and […]
Treasury Sanctions Rebel Alliance Driving Instability in the Democratic Republic of the Congo
United States targets armed group leaders who fuel conflict, displacement WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Congo River Alliance, known by its French name Alliance Fleuve Congo (AFC), a coalition of rebel groups that seeks to overthrow the government of the Democratic Republic […]
Remarks by Secretary of the Treasury Janet L. Yellen at Press Conference During the G20 Finance Ministers and Central Bank Governors Meetings
As Prepared for Delivery Thank you, Minister Haddad, for hosting these meetings and thanks to all of you for being here today. Before taking your questions, I would like to step back and recognize President Biden for his leadership. Over the past three and a half years, he has driven a remarkable economic recovery and […]
IRS Reaches Key Milestones in Effort to Save Americans Time and Money by Expanding Taxpayer Services and Online Tools with Inflation Reduction Act Funding
Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) are announcing key milestones reached as part of its ongoing transformation efforts made possible by the Inflation Reduction Act (IRA), including continued progress to save Americans time and money by improving online and in person service and increasing tax fairness. The updates highlighted […]
Remarks by Secretary of the Treasury Janet L. Yellen at the Pandemic Fund Investment Case Launch Event
As Prepared for Delivery Thank you for the introduction. I am pleased to be here today to celebrate the launch of the Pandemic Fund’s Investment Case and to announce the United States’ intended pledge to support the Pandemic Fund through 2026. Two years ago, finance and health ministries came together in record time to launch […]