WASHINGTON – On Tuesday, May 25, the Senate Committee on Finance will hold a hearing on the pending nominations of J. Nellie Liang to be an Under Secretary of the Treasury, Jonathan Davidson to be Deputy Under Secretary of the Treasury, Lily Lawrence Batchelder to be an Assistant Secretary of the Treasury, and Benjamin Harris […]
Category Archives: U.S. Treasury
Joint Statement on U.S.-UK Financial Regulatory Working Group Meeting
U.S. and UK participants held the fourth meeting of the U.S.-UK Financial Regulatory Working Group (Working Group) virtually on May 20, 2021. The Working Group was formed in 2018 to deepen bilateral regulatory cooperation with a view to the further promotion of financial stability; investor protection; fair, orderly, and efficient markets; and capital formation in […]
Secretary Janet L. Yellen to Attend G7 Finance Ministers Meeting in London, England
WASHINGTON – The U.S. Department of the Treasury today announced that Secretary Janet L. Yellen will attend the G7 finance ministers meeting in London, England from June 4-5, 2021. While in London, Secretary Yellen will reinforce the U.S. commitment to policy priorities to promote the global recovery from the COVID-19 pandemic including supportive fiscal policies, […]
OCC Finalizes Rule Creating Exception to Withdrawal Period Requirement for Collective Investment Funds
News Release 2021-58 | May 21, 2021 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today finalized a rule applicable to national banks and federal savings associations administering a collective investment fund invested primarily in real estate or other assets that are not readily marketable. On August 13, 2020, the OCC published […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with the Independent Community Bankers of America Board of Directors
WASHINGTON – Yesterday, Deputy Secretary of the Treasury Wally Adeyemo met with members of the Independent Community Bankers of America (ICBA) Board of Directors to discuss the key role of community banks in providing swift access to essential payments and needed capital for millions of people and businesses throughout the COVID-19 crisis and how Treasury […]
Treasury Distributes $6.1 billion to Assist Renters and Landlords Through Emergency Rental Assistance Program
WASHINGTON – Today, the U.S. Department of the Treasury announced that it has distributed $6.1 billion through the Emergency Rental Assistance (ERA) program in less than two weeks since $21.6 billion was allocated to the program. A part of the Biden-Harris Administration’s American Rescue Plan, this $21.6 billion ERA program was allocated to prevent evictions […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo Attended Small Business Event with Mayor of Los Angeles Eric Garcetti
WASHINGTON – Earlier today, Deputy Secretary of the Treasury Wally Adeyemo joined Mayor of Los Angeles Eric Garcetti for lunch at BCD Tofu House in Los Angeles’ Koreatown, a small business that benefitted from the PPP loan program. Deputy Secretary Adeyemo and Mayor Garcetti met with the restaurant’s owner, Eddie Lee, who with his late […]
In First 11 Days, Treasury Distributes $105.3 Billion through Coronavirus State and Local Fiscal Recovery Funds
In the 11 days since launching a $350 billion relief program for states, cities, Tribes and territories, Treasury approved more than 1,500 recipients and disbursed approximately 30% of total resources WASHINGTON — Today, the U.S. Department of the Treasury announced that it has distributed $105.3 billion to more than 1,500 recipients through the Coronavirus State and […]
Remarks by Secretary of the Treasury Janet L. Yellen on the Executive Order on Climate-Related Financial Risks
Achieving net zero emissions in the United States will require transformational investments in our energy sector and the broader economy, and the global financial sector will be a crucial player, helping channel capital into investments that green our society. But in order for the financial sector to do that, it also must be resilient to […]
READOUT: Deputy Secretary Adeyemo Meets with Los Angeles Tenants and Landlords
WASHINGTON – Today, Deputy Secretary Wally Adeyemo met with Los Angeles tenants and landlords to discuss how the American Rescue Plan’s Emergency Rental Assistance Program (ERAP) is helping prevent evictions and ensure housing security in Southern California. The meeting was hosted by New Economics for Women (NEW), an economic development corporation created and operated by […]