Categories: U.S. Treasury

Treasury Announces It Has Disbursed More than $13.1 Billion to Tribal Governments

WASHINGTON — Today, the U.S. Department of the Treasury announced that it has distributed more than $13.1 billion to Tribal governments through the Coronavirus State and Local Fiscal Recovery Funds (SLFRF) established by the American Rescue Plan. This represents the disbursement of over 65 percent of the $20 billion in funding appropriated for Tribal governments in the American Rescue Plan under the SLFRF, a key milestone in the whole-of government effort to help communities fight the pandemic, address its economic fallout, and lay the groundwork for a strong recovery.

“The distribution of recovery funds to Tribal governments is a critical part of the Biden-Harris Administration’s push to address deep-rooted inequalities in our nation — and economic system — and lay the foundation for an equitable recovery in the wake of the pandemic,” said Chief Recovery Officer Jacob Leibenluft. “These funds can be used to mitigate the effects of the pandemic and deliver support to populations and communities that may have been disproportionately impacted by the pandemic.”

The Office of Recovery Programs spearheaded a multi-pronged outreach effort that informed the methodology for distributing these funds, including hosting five Tribal consultations to garner input from Tribal leaders on allocation methodologies.

With disbursement of the first 65 percent of funds, Treasury now moves into its second phase of distribution. Today, Treasury announced the opening of this process which will disburse $6.65 billion to Tribal governments based on employment. Additionally, Treasury announced the establishment of a $1 million minimum for all Tribal governments in recognition of the importance of employment to the delivery of Tribal government essential services. The minimum allocation will provide a meaningful amount of funding to every Tribe to address the pandemic’s effect in each Tribal community. Disbursement of the remaining tribal set aside is vital to an equitable and strong economic recovery for all Tribal communities, and Treasury looks forward to final deployment of this historic fund in support of that goal. 

To view the updated Tribal Government Allocation Methodology, visit https://home.treasury.gov/system/files/136/Tribal-Government-Allocation-Methodology.pdf.

For additional information regarding the Coronavirus State and Local Fiscal Recovery Funds program for Tribal governments, please visit the Tribal government-specific webpage at www.treasury.gov/SLFRPTribal

###

IR Press

Share
Published by
IR Press

Recent Posts

Remarks by Secretary of the Treasury Janet L. Yellen at the Financial Literacy and Education Commission Meeting

As Prepared for DeliveryGood afternoon. Let me start by thanking you for your continued work…

4 days ago

Treasury Targets Syrian Conglomerate Funding Qods Force and Houthis

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned…

4 days ago

OCC Announces Two New Deputy Comptrollers for Large Bank Supervision

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the promotions of Robert…

4 days ago

Remarks by Assistant Secretary for Economic Policy (P.D.O.) Eric Van Nostrand on U.S. Business Investment in the Post-COVID Expansion

As Prepared for DeliveryI am honored to join you at PIIE, an institution that has…

5 days ago

Treasury Sanctions Sudanese Commander Involved in Human Rights Abuses in West Darfur

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is…

6 days ago

Treasury Expands Sanctions on Republika Srpska Network Evading U.S. Sanctions

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)…

2 weeks ago