WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two individuals and six entities that are connected to Burma’s military and that have enabled the military regime’s continuing atrocities, including through the importation, storage, and distribution of jet fuel to Burma’s military. These actions come as the military […]
Category Archives: U.S. Treasury
Treasury Targets Belarusian State-Owned Enterprises, Government Officials, and Lukashenka’s Aircraft
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating three entities and nine individuals, and identifying one presidential aircraft as blocked property, pursuant to Executive Order (E.O.) 14038. These designations build on sanctions imposed on individuals and entities in Belarus in response to the ongoing brutal crackdown […]
READOUT: Financial Stability Oversight Council Meeting on March 24, 2023
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) in executive session by videoconference. During the meeting, the Council heard a presentation from staff of the Federal Reserve Bank of New York on market developments. The Council discussed current conditions in the banking […]
Testimony of Secretary of the Treasury Janet L. Yellen Before the Financial Services and General Government Appropriations, U.S. House
As Prepared for Delivery Chairman Womack and Ranking Member Hoyer: thank you for inviting me to join you today. I would also like to thank you for your leadership of this subcommittee and support of the Treasury Department. Two years into this Administration, Treasury continues to serve at the forefront of our nation’s response to […]
Testimony of Secretary of the Treasury Janet L. Yellen Before the Financial Services and General Government Appropriations Subcommittee, U.S. Senate
As Prepared for Delivery Chairman Van Hollen and Ranking Member Hagerty: thank you for inviting me to join you today. I would also like to thank you for your leadership of this subcommittee and support of the Treasury Department. Two years into this Administration, Treasury continues to serve at the forefront of our nation’s response […]
Remarks by Assistant Secretary for Tax Policy Lily Batchelder on Implementation of the Inflation Reduction Act’s Clean Energy Provisions
As Prepared for Delivery Treasury is approaching key implementation milestones for the clean energy provisions of the Inflation Reduction Act (IRA) that will grow our economy and combat climate change. In the coming months, Treasury will issue guidance on the clean vehicle credit, the energy communities bonus, the domestic content bonus, direct pay and transferability, […]
READOUT: U.S. Candidate for President of the World Bank Ajay Banga Visit to Tokyo, Japan
TOKYO – On March 20th and 21st, U.S. nominee for World Bank President Ajay Banga visited Tokyo, Japan where he met with senior government officials, including the Minister of Finance and Governor of the Bank of Japan. While in Japan, Banga met virtually with South Korea’s Deputy Prime Minister & Finance Minister Choo Kyung-Ho. Both […]
At Low Income Housing Forum, Deputy Secretary Adeyemo Announces Nearly 10.8 Million Emergency Rental Assistance Program Payments to Families at Risk of Eviction
Alongside data, Treasury releases new blog detailing how ERA had expanded reach to tenants in need while building long-term eviction prevention infrastructure WASHINGTON – During remarks at the National Low Income Housing Coalition’s 2023 Housing Policy Forum, Deputy Secretary of the Treasury Wally Adeyemo announced new data from the U.S. Department of the Treasury showing nearly 10.8 million Emergency Rental Assistance (ERA) payments […]
Statement by Secretary of the Treasury Janet L. Yellen on Ukraine-IMF Agreement
WASHINGTON – Today, U.S. Treasury Secretary Janet L. Yellen released the following statement on the staff-level agreement between Ukraine and the IMF for a new economic program. “I welcome the announcement by the International Monetary Fund that it has reached a staff-level agreement with Ukraine on a 4-year Extended Fund Facility program for $15.6 billion. An […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the U.S. Hispanic Chamber of Commerce’s 2023 Legislative Summit
As Prepared for Delivery Good morning. It is a privilege to join you today. I know that, when Secretary Yellen addressed this audience almost exactly two years ago, the world felt very different. For one, she joined you from a Zoom screen in her home. But even more than that, the COVID-19 pandemic defined so […]