U.S. Department Of Treasury News

Treasury releases list for clean electricity tax credit eligibility

Today, the U.S. Department of the Treasury announced the release of its first Annual Table listing greenhouse gas emissions rates for facilities eligible for Clean Electricity Production and Investment Tax Credits.

Treasury recovers $31M in improper payments using SSA death data

The U.S. Department of the Treasury has announced the prevention and recovery of over $31 million in fraudulent and improper payments through a five-month pilot program using the Social Security Administration’s (SSA) Full Death Master File.

Treasury report highlights U.S. economic recovery under Biden administration

The U.S. Department of the Treasury's Office of Economic Policy has released an analysis that underscores the significant recovery of the United States economy from the pandemic recession.

Former Assistant Treasury Secretary: 'we could see tokenization of treasury, securities, money market funds'

Former Assistant Treasury Secretary Timothy Massad has highlighted the potential of tokenizing stocks and bonds as a significant application of blockchain technology.

Treasury releases clean fuels production credit guidance effective in 2025

The U.S. Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), has released new guidance on the Clean Fuels Production Credit under section 45Z.

IRS announces $6 billion tax credit allocations for advanced energy projects

The Internal Revenue Service (IRS) has announced the allocation of $6 billion in tax credits for the second round of the Inflation Reduction Act’s § 48C Qualifying Advanced Energy Project Tax Credit.

Treasury proposes rules for commercial clean vehicle tax credits

The U.S. Department of the Treasury and the Internal Revenue Service have announced a Notice of Proposed Rulemaking (NPRM) regarding the Qualified Commercial Clean Vehicle Credit, part of the Biden-Harris Administration's Inflation Reduction Act.

Treasury releases policy brief on trends in small business financing

The U.S. Department of the Treasury has issued a policy brief titled "Financing Small Business: Landscape and Recommendations."

US sanctions Venezuelan officials backing Maduro amid ongoing repression claims

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on eight Venezuelan officials.

Treasury releases final rules expanding clean energy investments in low-income communities

The U.S. Department of the Treasury and the IRS have released final rules and guidance for the Section 48E(h) Clean Electricity Low-Income Communities Bonus Credit Amount Program.

US Treasury sanctions leaders and firms linked to Sudan conflict

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Mohammad Hamdan Daglo Mousa, known as Hemedti, and seven companies linked to Sudan's Rapid Support Forces (RSF).

U.S. Treasury sanctions Hungarian official Antal Rogan for alleged corruption

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against Antal Rogan, a senior Hungarian government official, citing his involvement in corruption.

Treasury issues final rules on clean electricity tax credits

The U.S. Department of the Treasury and the IRS have released final rules for Clean Electricity Investment and Production Tax Credits, known as technology-neutral credits, under tax code sections 45Y and 48E.

Yellen discusses economic issues with China's Vice Premier He Lifeng

Secretary of the Treasury Janet L. Yellen engaged in a virtual meeting with Vice Premier He Lifeng of the People’s Republic of China, focusing on managing the bilateral economic relationship between the two nations.

U.S. Treasury issues expanded sanctions relief for Syrian humanitarian efforts

Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced Syria General License (GL) 24, which expands authorizations for activities and transactions in Syria as of December 8, 2024.

U.S sanctions Beijing-based firm over links with Chinese state-sponsored cyber group

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Integrity Technology Group, Incorporated (Integrity Tech), a cybersecurity company based in Beijing.

Treasury releases final rules for clean hydrogen production tax credit

The U.S. Department of the Treasury and the Internal Revenue Service have released final rules for the section 45V Clean Hydrogen Production Tax Credit, a provision established by the Inflation Reduction Act.

U.S. sanctions Chinese firm for aiding state-backed cyber group

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Integrity Technology Group, Incorporated (Integrity Tech), a cybersecurity company based in Beijing.

Treasury amends stock purchase agreements with Fannie Mae and Freddie Mac

The U.S. Department of the Treasury and the Federal Housing Finance Agency (FHFA) have announced amendments to the Preferred Stock Purchase Agreements (PSPAs) with Fannie Mae and Freddie Mac.

US sanctions Iranian and Russian entities over alleged interference in 2024 election

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against entities in Iran and Russia for their alleged attempts to interfere in the 2024 U.S. election.