California to Receive up to $1.1 Billion from U.S. Treasury Department to Promote Small Business Growth and Entrepreneurship through the American Rescue Plan

California Approved to Receive Federal Funding Through the State Small Business Credit Initiative  WASHINGTON — Today, the U.S. Department of the Treasury announced the approval of California’s application for funding under the State Small Business Credit Initiative (SSBCI) for up to $1.1 billion, the largest funding amount that has been approved in the SSBCI program. The […]

Remarks by Counselor to the Secretary of the Treasury Brent Neiman at the Peterson Institute for International Economics

As Prepared for Delivery Thank you, Adam, I appreciate the opportunity to speak here today. I last gave a talk at PIIE a couple of years ago, while wearing my previous hat as an academic. One great thing that you immediately notice about PIIE’s experts and affiliates is that in addition to economic theory, they […]

Testimony of Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate

As Prepared for Delivery Chairman Brown, Ranking Member Toomey, and distinguished Members of the Banking Committee, thank you for the opportunity to speak with you today and provide an update on the Department of the Treasury’s efforts to hold Russia accountable for its brutal and unjustified further invasion of Ukraine. The U.S. Department of the […]

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with the National Association of Manufacturers’ Board of Directors

WASHINGTON — U.S. Secretary of the Treasury Janet L. Yellen met today with the Board of Directors of the National Association of Manufacturers to discuss how the Biden-Harris Administration’s economic plan is spurring a rapid recovery, continued expansion, and creating good, high-quality jobs across America – including in the manufacturing sector. Secretary Yellen highlighted the Administration’s work […]

Remarks by Under Secretary for Domestic Finance Nellie Liang During Webinar Hosted by Harvard Kennedy School’s Mossavar-Rahmani Center for Business and Government

Introduction Thank you, Tim, for inviting me to speak here today about the recent report on the future of the U.S. money and payment system, which was written as part of President Biden’s Executive Order on Ensuring Responsible Development of Digital Assets.  This report was released late last week, along with two others led by […]

OCC Allows National Banks and Federal Savings Associations Affected by Flooding in Alaska to Close

News Release 2022-116 | September 19, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices in areas affected by flooding in Alaska. In issuing the proclamation, the OCC expects that only […]

OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Fiona in Puerto Rico to Close

News Release 2022-115 | September 19, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices in areas affected by Hurricane Fiona in Puerto Rico. In issuing the proclamation, the OCC expects […]

Treasury Seeks Public Input on Illicit Finance, National Security Risks Posed by Digital Assets

WASHINGTON — The U.S. Department of the Treasury today filed a Request for Comment (RFC) to seek feedback from the American people on the illicit finance and national security risks posed by digital assets. The filing is pursuant to President Joe Biden’s Executive Order, “Ensuring Responsible Development of Digital Assets” and the subsequent Illicit Finance […]

Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan

As Prepared for Delivery I am pleased to welcome Minister for Maritime and Investment Affairs Luhut back to the Treasury Department today.  First, I’d like to thank the Minister and Indonesia for their leadership of the G20 this year, and particularly their G20 Presidency’s focus on pressing global concerns like pandemic preparedness through the World […]

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan

WASHINGTON – Earlier today, Secretary of the Treasury Janet L. Yellen met with Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan of Indonesia.  During the meeting, Secretary Yellen discussed progress on the developing Just Energy Transition Partnership for Indonesia, which seeks to accelerate Indonesia’s transition away from coal and toward a cleaner energy […]