WASHINGTON – Today, Chief Lynn Malerba, Treasurer of the U.S., hosted a meeting of the Treasury Tribal Advisory Committee (TTAC) with the TTAC’s Designated Federal Officer Krishna Vallabhaneni. The seven-member committee meets regularly and advises the Secretary on significant matters impacting Native American communities.
Chief Malerba provided remarks about Treasury’s efforts to strengthen its nation-to-nation relationships with Tribes and gave related departmental updates to TTAC Members. Following remarks, Tribal leaders shared some of their top priorities, including Tribal tax priorities and pensions, and the Committee leadership received updates from TTAC Subcommittees. The Committee also discussed the new proposed rules released today by the Treasury Department regarding how tribes can benefit from the elective pay provisions of the Inflation Reduction Act.
TTAC is composed of three members nominated by Secretary of the Treasury Janet L. Yellen, two nominated by the House Committee on Ways and Means, and two nominated by the Senate Committee on Finance.