WASHINGTON – Earlier today, Secretary of the Treasury Janet L. Yellen spoke with European Commission Executive Vice President and Commissioner for a Europe Fit for the Digital Age Margrethe Vestager. The Secretary discussed international taxation issues and welcomed the shared goals of the United States and European Union to make the international tax system more […]
Category Archives: U.S. Treasury
OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations
News Release 2021-72 | July 2, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of June 1, 2021 through June 30, 2021. The list contains only national banks, federal savings associations, and insured federal […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with German Vice Chancellor and Finance Minister Olaf Scholz
WASHINGTON – Earlier today, Secretary of the Treasury Janet L. Yellen met with German Finance Minister Olaf Scholz to discuss the upcoming G20 Finance Ministers and Central Bank Governors meeting in Venice. The Secretary and the Minister discussed the historic agreement that the OECD Inclusive Framework reached on international taxation. Secretary Yellen focused on ways to […]
Treasury Sanctions Senior Officials and Family Members Connected to Burma’s Military
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 22 individuals connected to Burma’s military regime. Among the individuals sanctioned today are seven key members of Burma’s military, which continues to repress the pro-democracy movement in the country and use lethal force against the people of Burma, including […]
Remarks by Acting Under Secretary of International Affairs at the U.S. Department of the Treasury, Andy Baukol, at the European Bank for Reconstruction and Development’s Board of Governors Plenary Session
On behalf of the United States, I would like to thank the Management and Staff of the European Bank for Reconstruction and Development for making it possible for the Board of Governors to meet virtually. We meet at a time of continued challenges. Although global economic prospects have improved, developing countries still face limited access […]
Treasury Statement Following IMF Article IV Consultation
WASHINGTON — Earlier today, Secretary of the Treasury Janet L. Yellen met with International Monetary Fund (IMF) Managing Director Kristalina Georgieva to discuss this year’s Article IV consultation with the United States. Secretary Yellen stressed the importance of candid and thorough assessments of all IMF member economies through the annual surveillance process. They discussed the […]
Statement from Secretary of the Treasury Janet L. Yellen on Today’s Agreement of 130 Countries to Support a Global Minimum Tax for the World’s Largest Corporations
Today is an historic day for economic diplomacy. For decades, the United States has participated in a self-defeating international tax competition, lowering our corporate tax rates only to watch other nations lower theirs in response. The result was a global race to the bottom: Who could lower their corporate rate further and faster? No nation has […]
READOUT: Secretary of the Treasury Janet L. Yellen and Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with National Black Leaders
WASHINGTON – Earlier today, Secretary of the Treasury Janet L. Yellen and Deputy Secretary of the Treasury Wally Adeyemo hosted a group of national Black leaders for a virtual roundtable discussion on the state of the economy, the racial wealth gap, and Treasury’s work to advance racial equity through its policies and programs. The Secretary underscored the […]
Treasury’s Federal Insurance Office Releases Study of Small Insurer Competitiveness in the Terrorism Risk Insurance Marketplace
WASHINGTON – The U.S. Department of the Treasury’s Federal Insurance Office (FIO) today released a report entitled “Study of Small Insurer Competitiveness in the Terrorism Risk Insurance Marketplace” (Study). The Terrorism Risk Insurance Act of 2002, as amended (TRIA), requires FIO to conduct and release the Study every other year. The Study analyzes data that […]
Treasury Announces It Has Disbursed More than $13.1 Billion to Tribal Governments
WASHINGTON — Today, the U.S. Department of the Treasury announced that it has distributed more than $13.1 billion to Tribal governments through the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) established by the American Rescue Plan. This represents the disbursement of over 65 percent of the $20 billion in funding appropriated for Tribal governments […]