Arizona, Tennessee, and Wyoming are approved to receive approximately $354.9 million under the American Rescue Plan and will connect nearly 190,000 homes and businesses to affordable, high-speed internet Over 1.4 million locations will be connected as a result of Capital Projects Fund investments WASHINGTON — Today, the U.S. Department of the Treasury announced the approval […]
Category Archives: U.S. Treasury
Remarks by Deputy Secretary of the Treasury Wally Adeyemo on International Sanctions Against Russia
As Prepared for Delivery Thank you for joining me today. A little less than one year ago, Russia invaded Ukraine with the objective of unseating the democratically elected government. The Kremlin expected to take Kyiv within days and to be in control of Ukraine within weeks. But today, due to the bravery of the Ukrainian […]
OCC Releases CRA Evaluations for 36 National Banks and Federal Savings Associations
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of additional Community Reinvestment Act (CRA) performance evaluations that became public during the period of September 1, 2022, through November 30, 2022. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. […]
Treasury Releases Information on Corporate Alternative Minimum Tax
WASHINGTON, D.C. – Today the U.S. Department of the Treasury and the Internal Revenue Service (IRS) released information on the Corporate Alternative Minimum Tax (CAMT), a key provision of the Inflation Reduction Act to ensure billion-dollar corporations pay a 15 percent minimum tax on the adjusted financial statement income they report to shareholders. The guidance […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo and SBA Administrator Isabella Casillas Guzman Meet with Black Small Business Owners and Entrepreneurs in Atlanta
Georgia has been approved for up to $199.6 million to support small businesses through the State Small Business Credit Initiative, and Georgia-based Community Financial Institutions have received over $125 million for lending under the Emergency Capital Investment Program Georgia businesses and nonprofits received more than $15 billion in SBA pandemic relief during the Biden Harris […]
Detailed Guidance and Press Schedule for U.S. Secretary of the Treasury Janet L. Yellen in India for G20 Meetings
WASHINGTON — Secretary of the Treasury Janet L. Yellen will travel to Bengaluru, India to participate in the G20 Finance Ministers and Central Bank Governors Ministerial. In these engagements, Secretary Yellen will join with allies in holding Russia accountable for its illegal invasion of Ukraine, and partner with countries to mitigate the spillover effects of […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo and Deputy Secretary of Housing and Urban Development Adrianne Todman Tour Affordable Housing Development in Atlanta
ATLANTA, GA – Today, Deputy Secretary of the Treasury Wally Adeyemo and Deputy Secretary of Housing and Urban Development (HUD) Adrianne Todman visited Atlanta Public Housing Authority for a roundtable focused on the Biden-Harris Administration’s commitment to expand access to affordable housing. The roundtable brought together developers, investors, and community leaders who are committed to […]
Government of Indonesia and International Partners Launch Just Energy Transition Partnership Secretariat to Drive Indonesia’s Energy Transformation
Today, the Government of Indonesia and the co-leads of the International Partners Group launched the Secretariat for the Just Energy Transition Partnership (JETP) as part of a week-long series of events and planning meetings for this ground-breaking initiative. The Secretariat, hosted in the Ministry of Energy and Mineral Resources (MEMR) and supported by the Asian […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with First Vice President of Spain and Minister for the Economy and Digital Transformation Nadia Calviño
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen spoke with Spanish First Vice President and Minister for the Economy and Digital Transformation Nadia Calviño. Vice President Calviño is the Chair of the International Monetary and Financial Committee (IMFC), the policy advisory committee of the Board of Governors of the International Monetary Fund […]
Remarks by Assistant Secretary for Economic Policy Ben Harris at the Argus Americas Crude Summit in Houston, Texas
As Prepared for Delivery Original Motivations for Price Cap Policy Thank you for having me here today. I will begin by discussing the motivations for the price cap. Since the onset of Russia’s invasion of Ukraine, our coalition has remained unified in leveling some of the broadest and most impactful sanctions in history – including […]