WASHINGTON – Today the U.S. Treasury Department and Internal Revenue Service (IRS) released guidance that provides additional information about the bonus under the Inflation Reduction Act for clean energy projects and facilities located in communities that have historically powered our nation. This bonus is equipping energy communities to harness the economic benefits of the clean energy […]
Category Archives: U.S. Treasury
Deputy Secretary Adeyemo Announces New Treasury Sanctions Against Sinaloa Cartel Fentanyl Network
Network Operating Multi-Million Dollar Black Market Scheme to Launder Illicit Fentanyl Proceeds PHOENIX, AZ — Today, Deputy Secretary of the Treasury Wally Adeyemo announced, alongside local leaders and law enforcement in Arizona, that the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned operatives in a Black Market Peso Exchange (BMPE) scheme to […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at Press Conference in Phoenix, Arizona
As Prepared for Delivery Thank you. I’m grateful to be here today with U.S. Attorney Restaino, Attorney General Mayes, and Mayor Gallego. You all have not only been leaders in our nationwide fight against drug trafficking, but you have also been excellent partners to the Biden-Harris Administration and the Treasury Department. I’m also grateful to […]
Agencies Extend Applicability Date of Certain Provisions of their Community Reinvestment Act Final Rule
Federal bank regulatory agencies today jointly issued an interim final rule that extends the applicability date of certain provisions in their Community Reinvestment Act (CRA) final rule issued in October 2023. The agencies also requested comment on the extension. To promote clarity and consistency, the agencies extended the applicability date of the facility-based assessment areas […]
Acting Comptroller Issues Statement on the FDIC’s Proposed Statement of Policy on Bank Merger Transactions
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the Federal Deposit Insurance Corporation’s (FDIC) board meeting concerning the FDIC proposed statement of policy for merger transactions: I support the FDIC’s proposed Statement of Policy on Bank Merger Transactions and its publication in the Federal Register. The proposed Statement of […]
Senior Deputy Comptroller Testifies on Engaging with International Forums
WASHINGTON—Senior Deputy Comptroller for Bank Supervision Policy Grovetta Gardineer today testified on the Office of the Comptroller of the Currency’s (OCC) engagements with international forums before the Committee on Financial Services of the U.S. House of Representatives. In her testimony, Ms. Gardineer discussed the benefits of the OCC’s participation in international forums while maintaining its […]
Treasury Sanctions Nicaragua’s Attorney General
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Wendy Carolina Morales Urbina, Nicaragua’s Attorney General,for being complicit in the Ortega-Murillo regime’s oppression. Today’s action, taken pursuant to Executive Order (E.O.) 13851, as amended, targets a key actor in the Nicaraguan regime’s unjust persecution of political prisoners and civil […]
MEDIA ADVISORY: Deputy Secretary of the Treasury Wally Adeyemo to Travel to Dallas, TX and Phoenix, AZ
Deputy Secretary Adeyemo to highlight Biden-Harris economic agenda, the free IRS Direct File pilot, and efforts to combat fentanyl WASHINGTON – On Thursday, March 21, and Friday, March 22, Deputy Secretary of the Treasury Wally Adeyemo will travel to Dallas, Texas and Phoenix, Arizona for a series of events focused on increasing economic opportunity in […]
Statement by the Temporary Alternate Governor for the United States of America Alexia Latortue, 2024 Annual Meetings of the Boards of Governors of the Inter-American Development Bank and Inter-American Investment Corporation
On behalf of Treasury Secretary Janet Yellen, I would like to thank the Government and people of the Dominican Republic for generously hosting the 2024 Inter-American Development Bank (IDB) Group Annual Meetings of the Boards of Governors. I would like to recognize President Ilan Goldfajn, Executive Vice President Jordan Schwartz, Chief Executive Officer of IDB […]
Testimony of Secretary of the Treasury Janet L. Yellen Before the Committee on Appropriations, Subcommittee on Financial Services and General Government, U.S. House of Representatives
As Prepared for Delivery Chairman Womack, Ranking Member Hoyer, and Members of the Subcommittee: Thank you for the invitation to testify. Over the past three years, the Treasury Department has helped drive a historic economic recovery, including through our implementation of the American Rescue Plan. We are now playing a leading role in advancing President […]