Category Archives: U.S. Treasury

As prepared for delivery: July 15, 2020 Washington, DC INTRODUCTION Good morning. Thank you for your introduction and for inviting me to the event. I appreciate the importance, especially now, of coming together in creative ways, such as this conference, to exchange views, hear different perspectives, and understand priorities and realities in government and industry. […]

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Juan Carlos Ortega Murillo, son of Nicaraguan President Daniel Ortega; Jose Jorge Mojica Mejia; and two companies they use in an effort to distribute regime propaganda and launder money.  “President Ortega and his corrupt inner circle prioritize their own […]

Chairwoman Velázquez, Ranking Member Chabot, and members of the Committee, I am pleased to join you today to discuss how the Department of the Treasury and the Small Business Administration (SBA) are working together to provide relief to businesses and their workers through the Paycheck Protection Program (PPP).  We remain committed to making sure that every […]

WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the expansion of the Main Street Lending Program to provide greater access to credit for nonprofit organizations: “I have sent letters to Federal Reserve Board Chairman Jerome Powell approving the expansion of the Main Street Lending Program to include the Nonprofit Organization New Loan […]

WASHINGTON – EU and U.S. participants in the EU – U.S. Joint Financial Regulatory Forum met virtually on July 14-15, 2020, to exchange views on topics of mutual interest as part of their ongoing regulatory dialogue and in light of the COVID-19 crisis. EU participants included representatives of the European Commission, European Banking Authority (EBA), […]

Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four individuals and one entity pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act). The four individuals were designated for providing support to the Zheng Drug Trafficking Organization (DTO), which is run by Chinese synthetic opioid trafficker Fujing Zheng. […]

Washington – The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for May 2020.  The next release, which will report on data for June 2020, is scheduled for August 17, 2020. The sum total in May of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was […]