WASHINGTON —Assistant Secretary of the Treasury for Economic Policy Ben Harris delivered the following remarks at a public workshop on promoting competition in labor markets hosted by the Department of Justice and Federal Trade Commission. As prepared for delivery Let me start by thanking the Department of Justice and the Federal Trade Commission for hosting […]
Category Archives: U.S. Treasury
Treasury Targets Repression and the Undermining of Democracy
Designations Across Three Countries Latest in Week of Actions Leading to Summit for Democracy WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating 15 actors across three countries in connection with serious human rights abuse and repressive acts targeting innocent civilians, political opponents, and peaceful protestors. As […]
OCC Reports on Risks, Effects of COVID-19 Pandemic on Federal Banking System
News Release 2021-127 | December 6, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Fall 2021. Banks are weathering the COVID-19 crisis with […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo on Anti-Corruption at the Brookings Institution
As prepared for delivery Thank you to General Allen, Ambassador Eisen, and the Brookings Institution for inviting me to speak today. This week, President Biden is hosting the inaugural Summit for Democracy. Representatives of more than 100 governments will discuss how we can collectively advance a system of government that provides people with the right to […]
Treasury Targets Corruption Linked to Dan Gertler in the Democratic Republic of Congo
Treasury’s Designation Action the First in a Week of Actions Leading to the Summit for Democracy WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned one individual, Alain Mukonda (Mukonda), for providing support to sanctioned billionaire Dan Gertler, as well as 12 entities linked to Mukonda or companies […]
OCC Solicits Academic Papers, Research on Climate Risk in Banking and Finance
News Release 2021-126 | December 3, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is soliciting academic-focused papers and policy-focused research on climate risk in banking and finance for presentation to the OCC on June 6-7, 2022. Information presented will inform the OCC’s approach to developing climate-related financial risk management guidance […]
U.S. Treasury Supports National Action Plan to Combat Human Trafficking
WASHINGTON – As a part of the Biden Administration’s commitment to fight against human trafficking, the U.S. Department of the Treasury announced measures to contribute to the updated National Action Plan (NAP) to Combat Human Trafficking and play a part in countering this grave human rights abuse. The NAP brings a whole-of-government approach to address […]
Treasury Expands Sanctions Against Belarusian Regime with Partners and Allies
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), in response to the Lukashenka regime’s blatant disregard for international norms and the wellbeing of its own citizens, is designating 20 individuals and 12 entities and identifying three aircraft as blocked property pursuant to Executive Orders (E.O.) 14038 and 13405. […]
OCC Announces Assessment Rates for Calendar Year 2022
News Release 2021-123 | December 1, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is publishing its assessment rates for the 2022 calendar year, maintaining the rates established for 2021. The 2022 assessment rates will ensure the agency has sufficient resources to recruit, train, and retain the talent and experience necessary […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Virtual Meeting with Technology CEO Council
WASHINGTON — U.S. Secretary of the Treasury Janet L. Yellen attended a virtual meeting with the Technology CEO Council (TCC), a policy advocacy organization for the country’s leading information technology companies and manufacturers. Secretary Yellen highlighted the progress being made on America’s economic recovery and outlined steps the Biden-Harris Administration is taking to address semiconductor […]