WASHINGTON – Today, the U.S. Department of the Treasury announced that the Maryland Technology Development Corporation (TEDCO) is being awarded $10 million to support small business growth through the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP). Part of the Biden-Harris Administration’s economic agenda, this program provides funding to […]
Category Archives: U.S. Treasury
Remarks by Secretary of the Treasury Janet L. Yellen in Austin, Texas
As Prepared for Delivery Thank you, Dixie, for the introduction. I’m glad to be introduced by someone who has benefited directly from our work to transform the Internal Revenue Service. And I’m glad to be here with Commissioner Werfel, NTEU National President Doreen Greenwald, and so many dedicated and talented IRS colleagues, and to be […]
U.S. Department of the Treasury, IRS Announce $1.3 Billion Recovered from High-Income, High-Wealth Individuals Under Biden-Harris Inflation Reduction Act Initiatives
$172 million recovered from 21,000 wealthy taxpayers who have not filed tax returns since 2017 in first six months of new initiative WASHINGTON—Today, U.S. Secretary of the Treasury Janet L. Yellen and Commissioner of the Internal Revenue Service Danny Werfel are delivering remarks at the Austin, Texas IRS campus to announce new milestones under Inflation […]
Remarks by Secretary of the Treasury Janet L. Yellen in Raleigh, North Carolina
As Prepared for Delivery I am glad to be here in North Carolina with Governor Cooper, Congresswoman Ross, and Congressman Nickel at Wake Tech Community College. North Carolina Community Colleges led the way more than a decade ago when they overhauled their curricula to equip students pursuing technical education with skills in clean energy technologies. […]
OCC Hosts Minority Depository Institutions Advisory Committee Meeting September 24
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) on Tuesday, September 24, 2024. The meeting, which will be hosted in person and virtually, is open to the public and will begin at 8:30 a.m. Eastern Daylight Time (EDT). […]
Remarks by Deputy Assistant Secretary for Financial Institutions Policy Jeanette Quick at the 2024 AAPISTRONG Annual Conference
As Prepared for Delivery Good afternoon, thank you for inviting me here today. My name is Jeanette Quick, and I am the Deputy Assistant Secretary for Financial Institutions Policy at the U.S. Department of the Treasury. It’s a true privilege to be here today among such an inspiring group of Asian American Native Hawaiian and […]
Treasury Takes Action as Part of a U.S. Government Response to Russia’s Foreign Malign Influence Operations
The United States takes action to defend and protect U.S. election institutions and processes from Moscow’s attempts to influence the 2024 Presidential Election WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 10 individuals and two entities as part of a coordinated U.S. government response to Moscow’s malign influence efforts targeting […]
U.S. Department of the Treasury Announces Maryland Will Join IRS Direct File for Filing Season 2025
More Than 700,000 Marylanders Eligible to Use Free Tax Filing Tool Next Year Made Possible by President Biden’s Inflation Reduction Act WASHINGTON – Today, the U.S. Department of the Treasury and Internal Revenue Service (IRS) announced that Maryland will be the latest state to join IRS Direct File for Filing Season 2025. IRS Direct File […]
Acting Comptroller Discusses the Evolution of Bank Supervision
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed the evolution of bank supervision during a presentation at the Joint European Banking Authority and European Central Bank International Conference in Frankfurt, Germany. In his written remarks, Acting Comptroller Hsu offered thoughts on the nature of bank supervision, how and why it has evolved, and […]
U.S. Department of the Treasury Releases New Report Highlighting $3.5 Billion in Clean Energy Investments in Low-Income Communities
New report reveals more than 49,000 solar facilities awarded bonus credits in the first year of groundbreaking Inflation Reduction Act program; investments estimated to fund generation of nearly $270 million worth of clean energy annually in underserved communities. WASHINGTON – Today, the U.S. Department of the Treasury released a report with new data on the success of the […]