WASHINGTON—Six federal regulatory agencies today requested public comment on a proposed rule designed to ensure the credibility and integrity of models used in real estate valuations. In particular, the proposed rule would implement quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers in valuing real estate collateral securing […]
Category Archives: U.S. Treasury
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Incoming World Bank President Ajay Banga
WASHINGTON – Today, Secretary Yellen met with Ajay Banga at the Treasury Department ahead of his taking office as World Bank President on Friday. During their engagement, Secretary Yellen warmly welcomed Banga’s upcoming presidency and conveyed her strong desire for Treasury to continue close collaboration with Banga in building on the strong progress made so […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Virtual Meeting with French Finance Minister Bruno Le Maire.
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen met virtually with French Finance Minister Bruno Le Maire. Secretary Yellen conveyed her appreciation of France’s leadership in convening the Summit for a New Global Financial Pact in Paris. Secretary Yellen also raised the U.S priorities for the Paris Summit, including continuing the momentum […]
Treasury Designates Iranian Regime Operatives Involved in Assassination Plots in the United States and Abroad
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating members and affiliates of Iran’s Islamic Revolutionary Guard Corps (IRGC) and its external operations arm, the IRGC-Qods Force (IRGC-QF), who have participated in a series of terrorist plots including assassination plots targeting former United States government officials, dual […]
Treasury Sanctions Military-Affiliated Companies Fueling Both Sides of the Conflict in Sudan
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four companies generating revenue from, and contributing to, the conflict in Sudan. The entities designated today are affiliated with the two embattled forces that are fueling the ongoing conflict in Sudan: two companies affiliated with the paramilitary Rapid Support […]
Statement by Secretary of the Treasury Janet L. Yellen on the Bipartisan Passage to Suspend the Debt Limit
WASHINGTON- Secretary of the Treasury Janet L. Yellen issued the following statement after Congress passage of the Fiscal Responsibility Act. “I am pleased that, under President Biden’s leadership, Congress has passed bipartisan legislation to suspend the debt limit and prevent a first-ever default by the United States. This legislation protects the full faith and credit […]
Testimony of Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg Before the Banking, Housing and Urban Affairs Committee, U.S. Senate
As Prepared for Delivery Chairman Brown, Ranking Member Scott, and Distinguished Members of the Committee: Thank you for the opportunity to testify today on “Countering China: Advancing U.S. National Security, Economic Security, and Foreign Policy.” I also want to thank the Committee for its work on addressing our relationship with the People’s Republic of China […]
Testimony of Assistant Secretary for Investment Security Paul Rosen Before the Committee on Banking, Housing and Urban Affairs Committee, U.S. Senate
As Prepared for Delivery Good morning, Chairman Brown, Ranking Member Scott, and Members of the Committee. Thank you for the opportunity to speak with you today about this important national security issue. At the Department of the Treasury, we understand the significant challenge China poses to the economic and national security interest of the United […]
Testimony of Assistant Secretary for Investment Security Paul Rosen Before the Banking, Housing and Urban Affairs Committee, U.S. Senate
As Prepared for Delivery Good morning, Chairman Brown, Ranking Member Scott, and Members of the Committee. Thank you for the opportunity to speak with you today about this important national security issue. At the Department of the Treasury, we understand the significant challenge China poses to the economic and national security interest of the United […]
Testimony of Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg Before the Committee on Banking, Housing and Urban Affairs Committee, U.S. Senate
As Prepared for Delivery Chairman Brown, Ranking Member Scott, and Distinguished Members of the Committee: Thank you for the opportunity to testify today on “Countering China: Advancing U.S. National Security, Economic Security, and Foreign Policy.” I also want to thank the Committee for its work on addressing our relationship with the People’s Republic of China […]