Small businesses have created over 70 percent of net new jobs since 2019, and the United States is averaging 430,000 new business applications per month in 2024, 50 percent more than in 2019 Through programs like the State Small Business Credit Initiative and Emergency Capital Investment Program, the Biden-Harris Administration has made access to capital […]
Category Archives: U.S. Treasury
Preliminary Annual Report on U.S. Holdings of Foreign Securities at Year-End 2023
Washington – Preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2023 were released today and posted on the Treasury web site at (https://home.treasury.gov/data/treasury-international-capital-tic-system/tic-forms-instructions/us-claims-on-foreigners-from-holdings-of-foreign-securities). The final survey report, which will include additional detail as well as possible revisions to the data, will be released on October 31, 2024. The […]
U.S. Department of the Treasury Issues Proposed Rules to Expand Clean Energy Investments in Underserved Communities
Proposed regulations would apply bonus credit to additional clean energy technologies for projects in low-income communities. WASHINGTON – Today, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking (NPRM) for 48E(h), the Clean Electricity Low-Income Communities Bonus Credit Program, created by the Inflation Reduction […]
OCC Issues Fourth Quarter 2024 and First Quarter 2025 CRA Evaluation Schedule
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter of 2024 and the first quarter of 2025. The OCC encourages public comment on the CRA-related activities of the national banks and federal savings associations (collectively, banks) scheduled to […]
Acting Comptroller Issues Statement Promoting Accountability at the FDIC
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement in support of his vote on a Federal Deposit Insurance Corporation (FDIC) resolution to support a safe, fair and inclusive workplace for all FDIC employees. Yesterday, I joined the Board in supporting a resolution promoting accountability at the FDIC. This action is […]
READOUT: Treasurer Chief Malerba Makes First Official Visit to an Alaska Native Tribe
ANCHORAGE, AK – This week, U.S. Treasurer Chief Lynn Malerba visited Alaska to meet with Alaska Native Tribal leaders in her first official visit to an Alaska Native Tribe. Chief Malerba’s visit celebrated the recent announcement of up to $83 million in State Small Business Credit Initiative (SSBCI) funds for a consortium of 125 Alaska […]
U.S. Department of the Treasury Announces Maine Will Join IRS Direct File for Filing Season 2025
More Than 120,000 Mainers 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 Maine will be the latest state to join IRS Direct File for Filing Season 2025. IRS Direct File […]
As Russia Feels Effects of Multilateral Sanctions Campaign, Treasury Takes Further Action Against Russia’s International Supply Chains
One day ahead of Ukrainian Independence Day, Treasury continues implementation of G7 sanctions commitments in support of Ukraine WASHINGTON — Building on the sanctions already imposed on Russia in response to its continued war of aggression against Ukraine, today the U.S. Department of the Treasury and the Department of State targeted nearly 400 individuals and […]
OCC Announces Enforcement Actions for August 2024
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the […]
U.S. Department of the Treasury Announces Wisconsin Will Join IRS Direct File for Filing Season 2025
More than 600,000 Wisconsinites 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 Wisconsin is the next state to join IRS Direct File for Filing Season 2025. IRS Direct File was […]