WASHINGTON—Today, U.S. Deputy Secretary of the Treasury Wally Adeyemo met with CEOs and executives convened by the Bank Policy Institute (BPI) to discuss President Biden’s economic priorities. Deputy Secretary Adeyemo thanked the banks for their close collaboration in implementing the sweeping sanctions imposed in response to Russia’s illegal invasion of Ukraine and highlighted the evidence […]
Category Archives: U.S. Treasury
READOUT: Deputy Secretary of the Treasury Wally Adeyemo Meets with Asian American, Native Hawaiian, and Pacific Islander Small Business Owners to Discuss Access to Capital
WASHINGTON – Today, U.S. Deputy Secretary of the Treasury Wally Adeyemo convened a roundtable with Asian American, Native Hawaiian, and Pacific Islander (AANHPI) small business leaders to discuss opportunities to advance economic and racial equity and expand access to capital in the AANHPI community. During the conversation, Deputy Secretary Adeyemo outlined several steps the Treasury […]
Acting Comptroller of the Currency Testifies on Prudential Regulation
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House of Representatives’ Committee on Financial Services on the agency’s actions and responses to recent market stress and how the agency is ensuring that national banks and federal savings associations operate in a safe, sound, and fair manner. In his testimony, Hsu […]
Treasury Sanctions Russian Ransomware Actor Complicit in Attacks on Police and U.S. Critical Infrastructure
Treasury imposes consequences on key ransomware actor WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), designated Mikhail Matveev (Matveev) for his role in launching cyberattacks against U.S. law enforcement, businesses, and critical infrastructure. Concurrently, the U.S. District Courts for the District of New Jersey and the District […]
U.S. and EU Sanctions Teams Enhance Bilateral Partnership
The United States and European Union are committed to working more closely on sanctions as a key tool to address shared foreign policy goals. From April 26–28, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC), the European External Action Service (EEAS), and the European Commission Directorate-General for Financial Stability, Financial Services and […]
Remarks by Secretary of the Treasury Janet L. Yellen at Independent Community Bankers of America (ICBA) 2023 Capital Summit
As Prepared for Delivery Good morning, everyone. It’s great to be back at ICBA. And it’s wonderful to see so many familiar faces. I’d like to first thank Derek and Rebeca for their leadership of this important organization. As some of you know, this is not my first time speaking at ICBA. One of my […]
Treasury Department Announces Awards to Connect More Families and Businesses to High-Speed Internet as Part of President Biden’s Investing in America Agenda
Delaware, Idaho approved to receive approximately $185.9 million under the American Rescue Plan 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 federal funds for multi-purpose community facility projects and […]
Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with United Kingdom Chancellor of the Exchequer Jeremy Hunt
As Prepared for Delivery Chancellor Hunt, I want to thank you for meeting with me and for your strong partnership on some of the most pressing challenges facing the global economy. Today, Chancellor Hunt and I will discuss several shared objectives. First, we will discuss our coalition’s response to Russia’s brutal and illegal war against […]
Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Minister of Finance for Japan Shun’ichi Suzuki
As Prepared for Delivery Minister Suzuki, it is great to see you again after our meetings at the IMF and World Bank last month. And it is a pleasure to be back in Japan. Thank you for your hospitality. I am pleased to meet with you during the G7 Finance Ministers and Central Bank Governors […]
Treasury Department Releases Guidance to Boost American Clean Energy Manufacturing
WASHINGTON, D.C. – As part of the Biden-Harris Administration’s Investing in America strategy, the U.S. Department of the Treasury and Internal Revenue Service (IRS) today released guidance that provides detailed information about the domestic content bonus under the Inflation Reduction Act for clean energy projects and facilities that meet American manufacturing and sourcing requirements. The […]