More than 500 Entities Have Registered 45,500 Projects for New Elective Pay and Transferability Credit Monetization Provisions WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) announced reaching a new milestone in implementation of key provisions in the Inflation Reduction Act to expand the reach of the clean energy […]
Category Archives: U.S. Treasury
New Treasury Department Data Show Homeowner Assistance Fund Kept More Than 500,000 Families In Their Homes
Alongside data, Treasury Department releases new blog post detailing how the Biden-Harris Administration learned lessons from the 2007-2008 financial crisis to build an effective and lasting foreclosure prevention program that kept more families housed WASHINGTON – Today, the U.S. Department of the Treasury released Homeowner Assistance Fund (HAF) data through December 31, 2023, which shows the American Rescue […]
Treasury Department Announces New Funding to Support Small Businesses in Six States and Three U.S. Territories as Part of the Biden-Harris Administration’s Investing in America Agenda
WASHINGTON – As part of the Biden-Harris Administration’s Investing in America Agenda, the U.S. Department of the Treasury today announced six new awards to states and two new awards to territories under the State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program, totaling more than $27 million. These awards will be used to provide […]
Biden-Harris Administration Announces New Funding to Expand High Speed Internet in New Mexico Tribal Communities as Part of President Biden’s Investing in America Agenda
American Rescue Plan funding, administered by the Treasury Department, will fund improved broadband internet access in Tribal communities ALBUQUERQUE, NM – Today, at the Indian Pueblo Cultural Center in Albuquerque, New Mexico, the Biden-Harris Administration announced the approval of $10 million for multi-purpose facilities in Tribal communities under the U.S. Department of the Treasury’s Capital […]
Treasury Announces Cyber Security Cooperation Memorandum of Understanding with Finland
WASHINGTON – Today, the U.S. Department of the Treasury announced that it has signed a cyber security cooperation memorandum of understanding with Finland. The Memorandum of Understanding (MoU) will facilitate exchange of information on cybersecurity between the Finnish Ministry of Finance and the Treasury Department. “Effective information sharing is critical to building operational resilience. This […]
READOUT: Assistant Secretary for International Finance Brent Neiman’s Travel to Argentina
BUENOS AIRES – From March 13-15, Assistant Secretary for International Finance Brent Neiman visited Buenos Aires and met with senior members of President Milei’s administration, including Minister of Economy Luis Caputo, Secretary of Finance Pablo Quirno, and Central Bank of the Argentine Republic President Santiago Bausili and Vice President Vladimir Werning. Assistant Secretary Neiman also […]
READOUT: Under Secretary for Terrorism and Financial Intelligence Brian Nelson’s Travel to Japan
TOKYO – On March 13 and 14, Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson held meetings in Tokyo, Japan to continue close coordination between the two G7 allies on pressing national security issues, including countering Russian attempts to evade multilateral sanctions and export controls particularly through third countries; protecting maritime shipping from […]
Treasury Targets Vessel Shipping Iranian Commodities for Houthis and Qods Force
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action against Marshall Islands-registered shipping company Vishnu Inc., whose vessel, the LADY SOFIA, is involved in illicit shipments to the People’s Republic of China (PRC) in support of Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Houthi financial facilitator […]
OCC to Host Office Hours in San Francisco
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the Office of Financial Technology (OFT) will hold Office Hours in San Francisco, May 21-22, 2024, to promote responsible innovation in the federal banking system. Office Hours are one-on-one meetings with OCC’s OFT staff to discuss financial technology (fintech), new products or services, partnering […]
OCC Assesses $250 Million Civil Money Penalty Against JPMorgan Chase Bank, N.A. Related to Bank’s Trade Surveillance Program
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced a $250 million civil money penalty against JPMorgan Chase Bank, N.A. (JPMC) related to deficiencies in its trade surveillance program. The OCC found that JPMC operated with gaps in trading venue coverage and without adequate data controls required to maintain an effective trade surveillance […]