News Release 2021-43 | April 9, 2021 Share This Page: Joint Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationFinancial Crimes Enforcement NetworkNational Credit Union AdministrationOffice of the Comptroller of the Currency The federal banking agencies, in consultation with the Financial Crimes Enforcement Network and the National Credit Union Administration, today issued a […]
Category Archives: U.S. Treasury
Statement by Secretary Yellen on the President’s FY22 Discretionary Funding Request
President Outlines Proposals to Support Fairness and Equity in Our Tax System, Invest in Communities and Small Businesses, and Safeguard the U.S. Financial System from Illicit Actors WASHINGTON — The Biden-Harris Administration today submitted to Congress the President’s priorities for fiscal year 2022 discretionary spending. The funding request invests in the core foundations of our […]
Joint IMFC and Development Committee Statement by Treasury Secretary Janet L. Yellen
As we come together virtually this week, the challenges we face are historic. Most immediately is the continuing COVID-19 pandemic, which has inflicted tragic loss of life and an economic crisis. The crisis has exacerbated the trend of rising income inequality, raising concerns about a divergent path within and across countries. We also face the […]
Remarks at the Federal Reserve Bank of New York’s Annual Primary Dealer Meeting, Deputy Assistant Secretary for Federal Finance Brian Smith
Remarks at the Federal Reserve Bank of New York’s Annual Primary Dealer Meeting April 8, 2021 Brian Smith, Deputy Assistant Secretary for Federal Finance, U.S. Department of the Treasury Introduction Good afternoon and thank you for having me here today. I am Brian Smith, the Deputy Assistant Secretary for Federal Finance at the Treasury […]
Treasury Sanctions Key Gems Enterprise in Burma
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Myanma Gems Enterprise (MGE), a Burmese state-owned entity that is responsible for all gemstone activities in Burma. Gemstones are a key economic resource for the Burmese military regime that is violently repressing pro-democracy protests in the country and that […]
OCC Hosts Virtual Mutual Savings Association Advisory Committee Meeting April 27
News Release 2021-42 | April 7, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a virtual meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, April 27, 2021. The virtual meeting is open to the public and will begin at 11:00 a.m. Eastern Daylight […]
Statement on State Fiscal Recovery Funds and Tax Conformity
The American Rescue Plan Act of 2021 includes $350 billion in fiscal relief funding for States, territories, Tribal governments, counties, cities, and small local governments. The funding will allow these governments to support vital public health and economic responses to the pandemic, provide premium pay to essential workers, replace lost government revenue to prevent harmful […]
Treasury Sanctions Pakistan-based Transnational Human Smuggling Organization Involved in Smuggling Migrants to the United States
WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Pakistani national Abid Ali Khan and the Abid Ali Khan Transnational Criminal Organization (TCO) pursuant to Executive Order (E.O.) 13581, “Blocking Property of Transnational Criminal Organizations,” as amended. The Abid Ali Khan TCO is a human smuggling organization based […]
Treasury Secretary Janet Yellen Pens Op-Ed in Wall Street Journal
Today, in an op-ed to be published in the April 8, 2021, edition of The Wall Street Journal, Secretary Janet L. Yellen called for an end to the global race to the bottom on corporate taxes. This is also a provision of the Made in America Tax Plan, a part of President Biden’s American Jobs […]
Treasury Releases Made in America Tax Plan Report
WASHINGTON – Today, the U.S. Department of the Treasury released the Made in America Tax Plan Report to provide additional depth on the plan first announced last week as part of President Biden’s American Jobs Plan, a comprehensive proposal aimed at increasing investment in infrastructure, the production of clean energy, the care economy, and other […]