WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) issued two Notices of Proposed Rulemaking (proposed regulations) on the stock buyback or “repurchase” excise tax included in President Biden’s Inflation Reduction Act, a key provision that helps ensure large corporations pay more of their fair share in taxes. As the […]
Category Archives: U.S. Treasury
Treasury Renews Memorandum of Understanding and Cooperation in Cybersecurity with Ukraine
WASHINGTON – Today, the U.S. Department of the Treasury announced that it has signed memorandum of understanding and cooperation in cybersecurity with the National Bank of Ukraine. The Memorandum renews the shared understanding on cybersecurity and operational resilience, which has been in place since 2020. As a part of that effort, the Memorandum of Understanding […]
Remarks by Secretary of the Treasury Janet L. Yellen at a Press Conference in Beijing, the People’s Republic of China
As Prepared for Delivery Progress Over the Past Year I’d like to begin by speaking about the groundwork that we have laid over the past year. Last April, I outlined our Administration’s approach to our economic relationship with China. President Biden and I are clear-eyed about the complexities of this relationship. Our priorities include protecting […]
Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Meeting with Beijing University National School of Development Students
As Prepared for Delivery Thank you for welcoming me to your campus today. It is exciting to be among the bright minds of China’s next generation of economists and policymakers. As I shared with your professors when I met with them earlier today, I began my career as a professor of economics. Throughout my time […]
Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Roundtable with Beijing University National School of Development Professors
As Prepared for Delivery Thank you for hosting me today at Peking University. As the United States and China have worked to put our economic relationship on surer footing, the work of deepening our communication has been critical. Last fall, the United States and China established Economic and Financial Working Groups, which have met regularly […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Beijing Mayor Yin Yong of the People’s Republic of China
BEIJING – Secretary of the Treasury Janet L. Yellen today met with Beijing Mayor Yin Yong of the People’s Republic of China (PRC). Secretary Yellen discussed Beijing’s unique role within China’s economy, Mayor Yin’s outlook for Beijing’s economy, and his previous roles at the People’s Bank of China and the State Administration of Foreign Exchange. […]
Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Meeting with Beijing Mayor Yin Yong of the People’s Republic of China
As Prepared for Delivery Mayor Yin, thank you for your warm welcome. It is a pleasure to meet you in Beijing, and I am looking forward to the opportunity to exchange views with you. I am in China to carry out President Biden’s guidance to me to build resilient channels of communication between our two […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Peking University School of Development Professors and Students
BEIJING – Secretary of the Treasury Janet L. Yellen today met with professors and students from the Peking University National School of Development. Secretary Yellen discussed China’s economic outlook and exchanged views on U.S-China economic relations with university professors and students. Secretary Yellen also delivered remarks to graduate students, in which she shared her own […]
Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Bilateral Meeting with Premier Li Qiang of the People’s Republic of China
As Prepared for Delivery Premier Li, it is good to see you again following our meeting last July. Earlier this year, you delivered a speech in Davos where you said that “after all the shifts and changes over the years, we should all the more cherish communication and exchange” and “peace and stability.” While we […]
Statement from Secretary of the Treasury Janet L. Yellen on Announcement of New U.S.-China Initiatives Following Meeting with Vice Premier He Lifeng of the People’s Republic of China
GUANGZHOU – Secretary of the Treasury Janet L. Yellen today released the following statement on the announcement of new initiatives following her meeting with Vice Premier He Lifeng of the People’s Republic of China: “I have just concluded an extensive and productive two days of meetings in Guangzhou with Vice Premier He Lifeng of the People’s Republic of China. After significant discussion with my […]