Today, Deputy Secretary of the Treasury Wally Adeyemo met virtually with members of the Securities Industry and Financial Markets Association (SIFMA) Board of Directors for a roundtable discussion that addressed the importance of establishing strong public-private partnerships to address the challenges facing Americans. SIFMA is a trade association for broker-dealers, investment banks, and asset managers […]
Category Archives: U.S. Treasury
American Rescue Plan Tax Credits Available to Small Employers to Provide Paid Leave to Employees Receiving COVID-19 Vaccines
WASHINGTON — The Treasury Department and the Internal Revenue Service announced today further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees receiving COVID-19 vaccinations. Eligible employers, such as businesses and tax-exempt organizations with fewer than 500 employees and certain governmental employers, can receive […]
Secretary of the Treasury Janet L. Yellen’s Remarks to the Institute of International Finance
I first started working on climate change in the 1990s, advising President Clinton as Chair of the Council of Economic Advisers in the runup to the 1997 Kyoto Conference of Parties. We understood that the potential cost of climate change was significant. Of course, we know what the trajectory has been ever since. Over the […]
Treasury Sanctions Key Timber and Pearl Enterprises in Burma
OFAC Action Impacts Military Regime Sources of Revenue WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two Burmese state-owned enterprises, Myanma Timber Enterprise (MTE) and Myanmar Pearl Enterprise (MPE), which are responsible for timber and pearl exports from Burma. The timber and pearl industries are key economic […]
OCC Releases CRA Evaluations for 15 National Banks and Federal Savings Associations
News Release 2021-47 | April 20, 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 March 1, 2021 through March 31, 2021. The list contains only national banks, federal savings associations, and insured federal […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Roundtable Discussion with Bank Policy Institute Members
Today, Deputy Secretary of the Treasury Wally Adeyemo met virtually with 20 CEOs who are members of the Bank Policy Institute (BPI) for a roundtable discussion focused on the importance of forging strong partnerships between the public and private sectors to tackle challenges facing Americans. BPI is a nonpartisan public policy, research, and advocacy group […]
Treasury Announces Coordinated Climate Policy Strategy with New Treasury Climate Hub and Climate Counselor
WASHINGTON — Today, the U.S. Department of the Treasury announced a coordinated climate policy strategy that will: Bring to bear the full force of the Treasury Department on domestic and international policymaking, leveraging finance and financial risk mitigation to confront the threat of climate change. These actions will position the economy for strong and sustainable […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Call with New Zealand Deputy Prime Minister and Minister of Finance Grant Robertson
Earlier today, Secretary of the Treasury Janet L. Yellen spoke with New Zealand Deputy Prime Minister and Minister of Finance, Grant Robertson. Secretary Yellen conveyed her intention to work with Deputy Prime Minister Robertson on tackling priority issues both the United States and New Zealand face including ending the pandemic, supporting the global economic recovery, […]
READOUT: Secretary Yellen and Deputy Secretary Adeyemo’s Meeting with Environmental Organizations on Corporate Tax Reform
Today, Secretary Yellen and Deputy Secretary Wally Adeyemo met virtually with a group of environmental organizations to discuss President Biden’s Made in America tax plan, including how it would leverage the corporate tax system to help address climate change. Attendees at today’s roundtable discussion included Center for American Progress, Corridor Partners, Environmental Defense Fund, Friends […]
Readout: Secretary of the Treasury Janet L. Yellen’s Call with Bank of England Governor Andrew Bailey
Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Bank of England Governor Andrew Bailey. During the call, Secretary Yellen highlighted the shared priorities between the United States and the United Kingdom, in particular forcefully addressing the threat of climate change. Secretary Yellen and Governor Bailey also discussed the importance of international financial […]