Over the last two days, leaders from the Office of Tax Policy at the U.S Department of the Treasury participated in meetings with the Steering Group of the Inclusive Framework on base erosion and profit shifting (BEPS) as part of the Organization for Economic Cooperation and Development (OECD) / G20 international tax negotiations. As part […]
Category Archives: U.S. Treasury
Treasury Releases Report on the American Families Plan’s Tax Compliance Agenda
Report Details Investment in the IRS to Improve Tax Compliance WASHINGTON: Today, the U.S. Department of the Treasury released a report on a set of tax compliance measures to increase fairness in the tax system and foster a tax system where Americans pay the taxes they owe. These measures are part of President Biden’s recent […]
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 […]
Fictitious Notification Regarding the Use of Bitcoin Wallet for Release of Funds Supposedly Under the Control of the Office of the Comptroller of the Currency
Alert 2021-3| May 19, 2021 Share This Page: To Chief Executive Officers of All National Banks and Federal Savings Associations; All State Banking Authorities; Chair, Board of Governors of the Federal Reserve System; Chair, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsels; and All Examining Personnel Consumers […]
Acting Comptroller of the Currency Testifies on the Condition of the Federal Banking System
News Release 2021-56 | May 19, 2021 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House Financial Services Committee on the condition of the federal bankings system, the agency’s response to the COVID-19 pandemic, and its efforts to promote diversity and inclusion. Mr. Hsu’s testimony also included a […]
OCC Report Examines Key Risks, Effects of COVID-19 Pandemic on Federal Banking System
News Release 2021-55 | May 18, 2021 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Spring 2021. Banks maintained sound capital and […]
Remarks by Secretary of the Treasury Janet L. Yellen on A Better Deal for Americans to The U.S. Chamber of Commerce
As prepared for delivery. Thank you, Suzanne, for the introduction and for hosting this important forum. The Chamber of Commerce has been a leader in responding to the pandemic and promoting a global recovery. I look forward to continuing to work with you and the private sector to realize the Biden Administration’s vision for a […]
Remarks by Secretary of the Treasury Janet L. Yellen at the Summit on Financing African Economies
As prepared for delivery It is a pleasure to join you today on behalf of President Biden. The United States is committed to supporting African countries to recover from this pandemic. This includes helping to mobilize the financing needed to pay for vaccines, meet debt obligations, and support economic development. We have made progress already, […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with the American Bankers Association Board of Directors
Earlier today, Secretary of the Treasury Janet L. Yellen met with members of the American Bankers Association (ABA) Board of Directors to discuss ways the Treasury Department and the ABA can work together to facilitate a strong recovery over the short-term and a robust economic expansion over the longer-term. The Secretary highlighted the role of […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with Racial Equity Experts and Civil Rights Organizations on Biden Administration Tax Policies
Earlier today, Deputy Secretary of the Treasury Wally Adeyemo met with racial equity experts, economists, and civil rights organizations to discuss the Biden-Harris Administration’s tax policies and outreach efforts to increase awareness on the American Rescue Plan’s expanded, advanceable Child Tax Credit in hard to reach communities. He also noted that roughly 39 million households […]