WASHINGTON – Deputy Secretary of the Treasury Wally Adeyemo will travel to Paris, France, London, United Kingdom, and Brussels, Belgium from November 7th to 9th to continue close coordination with allies on sanctions against Russia for its brutal war against Ukraine. In meetings with government counterparts, he will follow up on last month’s convening of […]
Category Archives: U.S. Treasury
Treasury Seeks Public Input on Additional Clean Energy Tax Provisions of the Inflation Reduction Act
WASHINGTON, D.C. – The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today issued three additional notices requesting public input on key climate and clean energy tax incentives in the Inflation Reduction Act. The trio of notices follows an initial set of notices requesting comment the Department issued in October. These Notices […]
READOUT: Deputy Secretary Adeyemo Convenes Roundtable Discussion on Small Business Priorities for an Improved and Modernized IRS
WASHINGTON—Today, U.S. Deputy Secretary of the Treasury Wally Adeyemo kicked off a series of roundtable discussions with key stakeholders to get advice on improving and modernizing the IRS as part of the Inflation Reduction Act implementation. The Inflation Reduction Act, passed by Congress earlier this year, invests $80 million for the IRS to modernize tax […]
Minutes of the Meeting of the Treasury Borrowing Advisory Committee November 1, 2022
The Committee convened in a closed session at the Department of the Treasury at 9:00 a.m. All members were present. Under Secretary for Domestic Finance Nellie Liang, Fiscal Assistant Secretary David Lebryk, Assistant Secretary for Financial Markets Josh Frost, Deputy Assistant Secretary for Federal Finance Brian Smith, Director of the Office of Debt Management Fred […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the International Counter Ransomware Initiative Summit
WASHINGTON – Today, as part of the second International Counter Ransomware Initiative Summit, Deputy Secretary of the Treasury Wally Adeyemo hosted participants from 36 countries at Treasury to discuss the whole-of-government approach to the ransomware threat. Treasury’s Financial Crimes Enforcement Network (FinCEN) also released its Financial Trend Analysis of ransomware trends in Bank Secrecy Act […]
Treasury Sanctions Terrorist Weapons Trafficking Network in Eastern Africa
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against the Islamic State in Somalia (ISIS-Somalia), its first designations against this affiliate of the Islamic State of Iraq and Syria (ISIS). This action follows OFAC’s recent October 17, 2022 designations of al-Shabaab financial facilitators and weapons smugglers, […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at Today’s Joint Session of the FBBIC and FSSCC
WASHINGTON—Today, Deputy Secretary of the Treasury Wally Adeyemo delivered remarks at the semi-annual Joint session of the FBIIC (Financial and Banking Information Infrastructure Committee) and FSSCC (Financial Services Sector Coordinating Council) where he discussed Treasury’s unprecedented, year-long efforts that have bolstered public-private relationships to protect the Department and financial sector from cyber threats. The Deputy […]
READOUT: Stakeholder Roundtable on Investor Perspectives on Climate Change, Clean Energy, and the Inflation Reduction Act
WASHINGTON, D.C. — Today, U.S. Secretary of the Treasury Janet L. Yellen participated in a virtual roundtable with investors and stakeholders to discuss how the public and private sectors can work together to leverage incentives in the Inflation Reduction Act to mobilize the large amount of capital that is needed to build a clean energy economy. […]
Report on U.S. Portfolio Holdings of Foreign Securities at End-Year 2021
Washington – The findings from the annual survey of U.S. portfolio holdings of foreign securities at year-end 2021 were released today and posted on the Treasury web site at https://home.treasury.gov/data/treasury-international-capital-tic-system/tic-forms-instructions/us-claims-on-foreigners-from-holdings-of-foreign-securities. The survey was undertaken jointly by the U.S. Department of the Treasury, the Federal Reserve Bank of New York, and the Board of Governors of […]
Economy Statement by Benjamin Harris, Assistant Secretary for Economy Policy, for the Treasury Borrowing Advisory Committee
The U.S. economy showed continued signs of strength in the third quarter of 2022 and resilience in the face of global headwinds and persistent pandemic-related economic headwinds. The combination of continued growth in real gross domestic income (GDI) in the first half of the year and a strong rebound in real gross domestic product (GDP) […]