WASHINGTON, D.C. – As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of the Treasury, the U.S. Department of Energy, and the Internal Revenue Service (IRS) today released additional information on key provisions in the Inflation Reduction Act to strengthen energy security and drive investment to hard-hit coal communities and underserved […]
Category Archives: U.S. Treasury
Remarks by Assistant Secretary for International Finance Brent Neiman at the Federal Reserve System, IMF, and World Bank International Conference on Policy Challenges for the Financial Sector
As Prepared for Delivery Introduction Thank you to the Board of Governors, the IMF, and the World Bank for inviting me to speak today. Over the past year, severe shocks hit a number of key institutions across global finance. Several large regional banks failed in the United States. The two Swiss global systemically important banks, […]
OCC Issues Third and Fourth Quarter 2023 CRA Evaluation Schedule
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the third and fourth quarters of 2023. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the CRA. Public comments should […]
Treasury Sanctions Syrian Financial Facilitators Under the Caesar Syrian Civilian Protection Act
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two Syrian money service businesses that have secretly helped the Syrian regime under Bashar al-Assad and its Hizballah and Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) allies maintain access to the international financial system in violation of international sanctions. OFAC […]
Treasury Sanctions China- and Mexico-Based Enablers of Counterfeit, Fentanyl-Laced Pill Production
Action Taken in Coordination with U.S. Law Enforcement and the Government of Mexico WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 17 individuals and entities involved in the international proliferation of equipment used to produce illicit drugs. These targets are directly or indirectly involved in the […]
Treasury Department Announces Approval of Federal Funds to Connect Over 47,300 Mississippi Homes and Businesses to Affordable, High-Speed Internet as Part of President Biden’s Investing in America Agenda
Combined with other Administration initiatives, President Biden’s Investing in America agenda has brought affordable internet to over 17 million American households WASHINGTON — Today, the U.S. Department of the Treasury announced the approval of $151.5 million for high-speed internet projects in Mississippi under the American Rescue Plan’s Capital Projects Fund (CPF), part of President […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva
WASHINGTON — Earlier today, Secretary of the Treasury Janet L. Yellen met with International Monetary Fund (IMF) Managing Director Kristalina Georgieva to discuss this year’s Article IV consultation with the United States. Secretary Yellen reiterated the importance of frank and thorough assessments of all IMF member economies through the annual surveillance process, especially as countries […]
OCC Revises Bank Enforcement Manual to Address Actions Against Banks with Persistent Weaknesses
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced revisions to its policies and procedures manual on bank enforcement actions to reflect its consideration of actions against banks that exhibit or fail to correct persistent weaknesses. Policies and Procedures Manual (PPM) 5310-3, “Bank Enforcement Actions and Related Matters,” now includes “Appendix C: Actions […]
Treasury Sanctions the Head of the Wagner Group in Mali
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Ivan Aleksandrovich Maslov (Maslov), the head of Russian Private Military Company ‘Wagner’ (Wagner Group) paramilitary units and its principal administrator based in Mali. The Wagner Group and its leader, Yevgeniy Viktorovich Prigozhin, are sanctioned under multiple authorities, including for […]
READOUT: U.S. Department of the Treasury, IRS Convene Roundtable Discussion on How Pilot Program for Free, Online Filing Option Provided by IRS Will Benefit Underserved Communities
WASHINGTON, D.C. – Today, Department of the Treasury Chief Implementation Officer Laurel Blatchford and Internal Revenue Service (IRS) Acting Chief Transformation Officer Bridget Roberts convened a roundtable discussion with civil rights and advocacy organizations to discuss the need to make tax filing easier and less expensive for taxpayers, particularly in underserved communities. During the conversation, Treasury […]