WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 16 individuals and one entity connected to Burma’s military regime. Thirteen of the individuals sanctioned today are key members of Burma’s military regime, which is violently repressing the pro-democracy movement in the country and is responsible for the […]
Category Archives: U.S. Treasury
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with House Ways and Means Committee’s Racial Equity Initiative
WASHINGTON – Deputy Secretary of the Treasury Wally Adeyemo met with House Ways and Means Committee’s Racial Equity Initiative, led by Rep. Terri Sewell (D-AL), Rep. Jimmy Gomez (D-CA), and Rep. Steven Horsford (D-NV), to discuss Treasury’s role in closing the racial wealth gap and ensuring that underserved communities have equitable access to Treasury’s programs. […]
Treasury and IRS Announce Families of 88% of Children in the U.S. to Automatically Receive Monthly Payment of Refundable Child Tax Credit
First Payments to Be Made on July 15 WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service announced today that the first monthly payment of the expanded and newly-advanceable Child Tax Credit (CTC) from the American Rescue Plan will be made on July 15. Roughly 39 million households — covering 88 […]
Remarks by Secretary Janet L. Yellen at the Pontifical Academy of Sciences and the Pontifical Academy of Social Sciences Event Dreaming of a Better Restart
The COVID-19 pandemic has had a devastating effect on human life and our economies. It has also exacerbated global inequality, potentially undoing years of gains in reducing poverty and international economic convergence. Low-income countries are in a particularly difficult situation. Not only are they are facing rising poverty levels, but also increasing debt burdens, and […]
Treasury Distributes $742 million to States and Territories through Homeowner Assistance Fund
WASHINGTON – Today, the U.S. Department of the Treasury announced that it has distributed $742 million to 42 states and 3 territories through the Homeowner Assistance Fund (HAF). A part of the Biden-Harris Administration’s American Rescue Plan, HAF was designed to prevent mortgage delinquencies and defaults, foreclosures, loss of utilities or home energy services, and […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with the Board of Directors of the Opportunity Finance Network
WASHINGTON – Earlier today, Deputy Secretary of the Treasury Wally Adeyemo met with the Board of Directors of the Opportunity Finance Network (OFN), led by President and CEO Lisa Mensah. Deputy Secretary Adeyemo shared President Biden and Secretary Yellen’s vision for an equitable and sustainable recovery, including tapping into the unrealized potential of small businesses […]
Nearly 1 million additional Economic Impact Payments disbursed under the American Rescue Plan; Total payments reach nearly 165 million
WASHINGTON — Today, the U.S. Department of the Treasury, the Internal Revenue Service, and the Bureau of the Fiscal Service announced they are disbursing nearly 1 million payments in the ninth batch of Economic Impact Payments from the American Rescue Plan. Today’s announcement brings the total disbursed so far to approximately 165 million payments, with […]
Treasury Identifies Sinaloa-based Mexican Narcotics Trafficker That Helps Fuel the U.S. Opioid Epidemic
Kingpin Act Sanctions Target Jesus Gonzalez Penuelas WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) identified Jesus Gonzalez Penuelas and the Gonzalez Penuelas Drug Trafficking Organization (Gonzalez Penuelas DTO) as Significant Foreign Narcotics Traffickers pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act). Jesus Gonzalez Penuelas (a.k.a. […]
Treasury Targets Hizballah Finance Official and Shadow Bankers in Lebanon
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated seven individuals in connection with Hizballah and its financial firm, Al-Qard al-Hassan (AQAH). AQAH, which was designated by OFAC in 2007, is used by Hizballah as a cover to manage the terrorist group’s financial activities and gain access to […]
Michael J. Hsu Statement to Agency Employees on Becoming Acting Comptroller of the Currency
WASHINGTON — Acting Comptroller of the Currency Michael J. Hsu today shared the following statement with agency staff at the conclusion of his first day in this role. It is a tremendous honor to serve as Acting Comptroller of the Currency and to work with you who ensure that our federal banking system operates in […]