Partners Establish Bilateral Task Force to Support Fintech Innovation and Cybersecurity Announcement Part of Biden Administration Efforts to Accelerate International Cooperation to Counter Ransomware JERUSALEM – Building on the long-standing relationship between the Israeli Ministry of Finance and the U.S. Department of the Treasury, Deputy Secretary of the Treasury Wally Adeyemo met with Finance Minister […]
Category Archives: U.S. Treasury
Treasury Sanctions Four Entities and Two Individuals in Connection with the Crisis in Ethiopia
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four entities and two individuals pursuant to Executive Order (E.O.) 14046 in response to the growing humanitarian and human rights crisis and expanding military conflict in Ethiopia. Today’s action targets Eritrean actors that have contributed to the crisis and […]
Commissioner of the Internal Revenue Service, Charles P. Rettig, Pens an Op-Ed for The Washington Post Urging Congress to Provide IRS with Vital Funding
Today, The Washington Post published an op-ed by Commissioner of the Internal Revenue Service, Charles P. Rettig. In the piece, Commissioner Rettig urges Congress to enact the administration’s proposal to provide the IRS with $80 billion in vital funding over the next decade. Commissioner Rettig notes: “The Administration estimates $400 billion in additional revenue can […]
Treasury Targets Corrupt Military Officials in Cambodia
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Cambodian government officials, Chau Phirun (Chau) and Tea Vinh (Tea), for their roles in corruption in Cambodia. These individuals are designated pursuant to Executive Order (E.O.) 13818, which builds upon and implements the Global Magnitsky Human Rights Accountability […]
Treasury Issues State Small Business Credit Initiative Program Implementation Guidance
The State Small Business Credit Initiative provides $10 billion to expand access to capital for small businesses emerging from the pandemic, build opportunity, and create high-quality jobs across America. WASHINGTON — Today, the U.S. Department of the Treasury issued capital program implementation guidance for the State Small Business Credit Initiative (SSBCI) Program. The American Rescue […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Finance Ministers from Australia, Canada, New Zealand, and the United Kingdom
WASHINGTON –U.S. Treasury Secretary Janet L. Yellen hosted a meeting with finance ministers of the “Five Finance Ministries”, which includes Australia, Canada, New Zealand, and the United Kingdom. The ministers reviewed the economic response to the COVID-19 pandemic and progress on increasing vaccination rates to save lives and support the economic recovery. Secretary Yellen emphasized to her Five […]
Secretary of the Treasury Janet L. Yellen Touts Build Back Better Act and Bipartisan Infrastructure Bill at the University of Nevada-Las Vegas (UNLV) Center for Business and Economic Research Outlook Conference
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen delivered remarks at the University of Nevada-Las Vegas (UNLV) Center for Business and Economic Research Outlook Conference. In her speech, Secretary Yellen highlighted the Infrastructure Investment and Jobs Act – the once-in-a-generation investment in our nation’s infrastructure that will grow our economy sustainability and […]
Remarks by Secretary of the Treasury Janet L. Yellen at the Department of Commerce’s Interagency Convening on Equitable Economic Growth
Hello everyone. This is Janet Yellen, I want to thank Secretary Raimondo and Deputy Secretary Graves for the invitation to share a few thoughts, and of course, I want to thank all of you for being here today to listen to them. I’ve been an economist for a long time, and one of the areas […]
Acting Comptroller Discusses Climate Change Risk
News Release 2021-116 | November 8, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed climate change risk at OCC Headquarters. His remarks highlighted five questions that large bank boards of directors should ask to promote and accelerate improvements in climate risk management practices at their banks. Related Links Media Contact […]
Treasury Continues to Counter Ransomware as Part of Whole-of-Government Effort; Sanctions Ransomware Operators and Virtual Currency Exchange
FinCEN Updates Ransomware Advisory OFAC Sanctions Two Ransomware Operators and a Virtual Currency Exchange Network for the Kaseya Incident and Laundering Cyber Ransoms WASHINGTON — Continuing the Administration’s whole-of-government effort to counter ransomware, the U.S. Department of the Treasury today announced a set of actions focused on disrupting criminal ransomware actors and virtual currency exchanges […]