WASHINGTON – Earlier today, Deputy Secretary of the Treasury Wally Adeyemo traveled to Baltimore, Maryland to meet with local leaders and organizations to discuss the state of the economy, pandemic recovery efforts supported by the American Rescue Plan Act (ARPA), and key aspects of the American Jobs Plan. The Deputy Secretary met with Baltimore Mayor […]
Category Archives: U.S. Treasury
Treasury Issues Additional COVID-19-related Sanctions Authorizations and Guidance
WASHINGTON — Today, in order to further aid the global fight against COVID-19, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued three general licenses (referred to as the COVID-19-related GLs) to build upon Treasury’s existing authorizations for COVID-19-related transactions and activities. The new COVID-19-related GLs expand upon longstanding humanitarian exemptions, exceptions, […]
Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Finance, U.S. Senate
Chairman Wyden, Ranking Member Crapo, it’s a pleasure to be with you. When I took office back in January, the first – and most urgent – problem confronting our economy was obviously the pandemic: helping people make it to the other side of the crisis and ensuring they were met there by a robust recovery. […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Call with Argentine Economy Minister Martín Guzmán
WASHINGTON – Yesterday, Deputy Secretary of the Treasury Wally Adeyemo spoke with Argentine Economy Minister Martín Guzmán. Deputy Secretary Adeyemo reviewed Argentina’s consultations with the Paris Club of bilateral creditors, and Argentina’s pending negotiation of a new program with the International Monetary Fund. He indicated that a strong economic policy framework for Argentina that provides […]
Remarks by the Acting Comptroller of the Currency on Reducing Bias in Real Estate Appraisals
News Release 2021-66 | June 15, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today delivered remarks to raise awareness about the need to reduce bias in real estate appraisals, during an event on the subject hosted by the Consumer Financial Protection Bureau (CFPB). His comments highlighted the significant impact bias in […]
Remarks by Secretary of the Treasury Janet L. Yellen on $1.25 Billion Award to CDFIs to Support Economic Relief in Underserved Communities Affected by COVID-19
Thank you, Madam Vice President. Thank you for hosting us and, more importantly, for elevating this issue. As the Vice President mentioned, today Treasury is awarding $1.25 billion to 863 Community Development Financial Institutions across the country. These CDFIs, which include banks, credit unions, and loan funds, play such an important part in our financial […]
U.S. Treasury Awards $1.25 Billion to CDFIs to Support Economic Relief in Underserved Communities Affected by COVID-19
Announcement Made by Vice President Harris Alongside Treasury Secretary Janet Yellen, U.S. Senator Mark Warner, and U.S. Representative Maxine Waters WASHINGTON – The U.S. Department of the Treasury today awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions (CDFIs). The awards were announced today by Vice President Kamala Harris at the […]
Treasury and IRS Announce New Online Tool to Help Families Register for Monthly Child Tax Credit
Non-filer Tool Helps Families Who Aren’t Normally Required to File Tax Returns Register for Child Tax Credit Treasury Also Releases Information to Help Organizations Focus Outreach Efforts to Sign Families Up for Monthly Payments of the Child Tax Credit WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service announced today the […]
Statement by the Acting Comptroller of the Currency at the Financial Stability Oversight Council
News Release 2021-65 | June 11, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu made the following statement today at the meeting of the Financial Stability Oversight Council (FSOC) with respect to the LIBOR transition: Thank you, Madam Secretary, and thank you for your leadership of this body as I join colleagues […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Roundtable Discussion with Businesses
WASHINGTON – Earlier today, Deputy Secretary of the Treasury Wally Adeyemo participated in a virtual roundtable discussion with representatives of U.S. multinational companies across a range of sectors to discuss the impact of U.S. economic and financial sanctions on their operations. The Deputy Secretary highlighted the Biden-Harris Administration’s commitment to strengthening American competitiveness and innovation, […]