Connecticut, Indiana, Nebraska, North Dakota, and Arkansas are approved to receive approximately $408 million under the American Rescue Plan and will connect more than 90,000 homes and businesses to affordable, high-speed internet WASHINGTON — Today, the U.S. Department of the Treasury announced the approval of an additional group of five states under the American Rescue […]
Category Archives: U.S. Treasury
Acting Comptroller of the Currency Tours South Carolina Lowcountry to Highlight Investments in Rural Communities
News Release 2022-101 | August 26, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today toured South Carolina’s Lowcountry to gain insight into the financial needs of rural communities. During the day-long event, Acting Comptroller Michael J. Hsu met with local leaders, businesses, and non-profits to discuss how bank partnerships with community […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Travel to New Delhi
NEW DELHI — On August 26, Deputy Secretary Wally Adeyemo met with government officials in New Delhi, India, including Minister of Finance Nirmala Sitharaman, Principal Secretary to the Prime Minister PK Mishra, Ministry of Finance Secretary Ajay Seth, Ministry of External Affairs Secretary Vijay Kwatra, and Ministry of Petroleum and Natural Gas Secretary Pankaj Jain. During the […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Travel to Mumbai
MUMBAI – On August 24 and 25, Deputy Secretary of the Treasury Wally Adeyemo traveled to Mumbai, India to meet with private sector representatives and the Reserve Bank of India. In Mumbai, he reaffirmed the deep economic ties between the United States and India and highlighted opportunities for working together to address shared global challenges […]
Treasury Announces Cyber Security Cooperation Memorandum of Understanding with the State of Israel
WASHINGTON — The U.S. Department of the Treasury and the Ministry of Finance of the State of Israel (MOF) announced the finalization of a bilateral Memorandum of Understanding (“MoU”) on Cybersecurity Cooperation. The MoU builds on U.S. Deputy Secretary of the Treasury Wally Adeyemo’s visit to Israel in November 2021 that established a bilateral partnership […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the Indian Institute of Technology Bombay
Remarks as delivered It’s great to be at the renowned IIT Bombay, and especially at the Society For Innovation and Entrepreneurship. This incubator, and the students and entrepreneurs here today, represent the incredible dynamism of the Indian economy – a dynamism that has helped launched leading global brands and powered India’s remarkable economic trajectory. Looking […]
READOUT: Under Secretary Brian Nelson’s Visit to Brazil
WASHINGTON — Under Secretary of the Treasury for Terrorism and Financial Intelligence (TFI) Brian E. Nelson traveled to Brasília and São Paulo, Brazil from August 15-18, 2022 to discuss illicit finance priorities including drug trafficking, terrorist financing, and environmental crimes, as well as regional economic issues and the global effects of Russia’a further invasion of […]
Treasury Approves Four Additional State Plans to Support Underserved Entrepreneurs and Small Business Growth Through the State Small Business Credit Initiative
Colorado, Oregon, New York, and Montana are approved for $750 million to support investments in small business WASHINGTON — Today, the U.S. Department of Treasury announced an additional group of four state plans approved under the State Small Business Credit Initiative (SSBCI) for up to $750 million in funds to expand access to capital […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with Deputy Finance Minister of Türkiye Yunus Elitas
WASHINGTON – On August 19, Deputy Secretary of the Treasury Wally Adeyemo spoke with the Deputy Finance Minister of Türkiye, Yunus Elitas, to discuss ongoing efforts to implement and enforce the broad multilateral sanctions imposed on Russia for its invasion of Ukraine. Deputy Secretary Adeyemo raised concerns that Russian entities and individuals are attempting to use Türkiye to […]
Treasury Releases Initial Information on Electric Vehicle Tax Credit Under Newly Enacted Inflation Reduction Act
Today’s guidance marks a first step in the Biden Administration’s implementation of Inflation Reduction Act tax credits to lower costs for families and make electric vehicles more affordable WASHINGTON – Following President Biden’s signing the Inflation Reduction Act into law today, the U.S. Department of the Treasury and Internal Revenue Service published initial information on […]