The U.S. Department of the Treasury and the IRS have issued a Notice of Proposed Rulemaking (NPRM) clarifying the tax status of wholly-owned Tribal entities. According to this proposal, these entities, which are chartered or organized by one or more Tribes, will share the same federal tax status as their owning Tribes, making them exempt from federal income tax.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has taken action against a significant international fundraising network supporting Hamas. The designations include three individuals, a sham charity, and a financial institution in Gaza controlled by Hamas. Additionally, a longstanding supporter of Hamas and nine associated businesses have been targeted.

Deputy Secretary of the Treasury Wally Adeyemo addressed attendees at the Wisconsin Building Trades Conference in Milwaukee, reflecting on the impact of recent legislative measures and the administration's commitment to economic recovery and growth. Adeyemo highlighted the challenges faced during the COVID-19 pandemic, noting that unemployment rates soared to nearly 15 percent nationwide, with even higher figures in Milwaukee.

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have announced that over 30 million taxpayers in 24 states will be eligible to use Direct File during the 2025 filing season. This initiative, facilitated by the Biden-Harris Administration’s Inflation Reduction Act, allows eligible Americans to file their taxes online for free directly with the IRS.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated one individual and three companies for facilitating weapons procurement and smuggling operations for Ansarallah, also known as the Houthis. The targeted entities are based in Iran and China and have allegedly assisted the Houthis in acquiring materials needed for advanced missiles and unmanned aerial vehicles (UAVs).

The U.S. Department of the Treasury has awarded $9.4 million to Empire State Development in New York to bolster small business growth in the semiconductor and microelectronics sectors. This funding, part of the Biden-Harris Administration’s State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP), is complemented by $1.5 million in matching funds from Empire State Development.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated Hilltop Youth, an extremist group in the West Bank, under Executive Order 14115. The group is accused of violent actions against Palestinians, including attacks on homes and property, which have destabilized the region.

The U.S. Department of the Treasury and IRS have announced that consumers have saved over $2 billion in upfront costs on the purchase of more than 300,000 clean vehicles since January 1, 2024. This announcement marks a significant milestone in the Biden-Harris Administration's efforts to reduce transportation costs for Americans.

The United States has taken further action against the Russia-based cybercriminal group Evil Corp, identifying and sanctioning additional members and affiliates. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated seven individuals and two entities associated with Evil Corp in coordination with the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO) and Australia’s Department of Foreign Affairs and Trade (DFAT).

The United States has taken measures to protect U.S. campaign and government officials from Iranian attempts to interfere in U.S. elections. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated seven individuals as part of a coordinated response to Iran's operations aimed at influencing the 2024 and 2020 presidential elections.

The U.S. Department of the Treasury announced actions to disrupt Russian cybercrime services as part of an international effort. The Financial Crimes Enforcement Network (FinCEN) issued an order identifying PM2BTC, a Russian virtual currency exchanger linked to Sergey Sergeevich Ivanov, as a “primary money laundering concern” connected to illicit finance in Russia. Concurrently, the Office of Foreign Assets Control (OFAC) sanctioned Ivanov and Cryptex, a virtual currency exchange operating in Russia.

Thank you for the introduction. I’m very glad that I’m able to join you for this tenth annual Treasury Market Conference. This conference helps the government identify ways to further improve the functioning and resilience of the Treasury market, which is of course core to the functioning and resilience of the U.S. financial system as a whole. And this makes it a fitting place for me to share my thoughts on the work I and my colleagues across the Biden-Harris Administration have done to navigate financial stresses and strengthen the U.S. financial system over the past three...

U.S. Treasurer Chief Lynn Malerba visited the Mille Lacs Band of Ojibwe reservation in Minnesota to meet with Tribal leaders and community members. The visit focused on discussing Tribal general welfare, economic recovery efforts supported by the American Rescue Plan Act, and access to capital and banking.

On September 26, 2024, Laurie Schaffer, Acting Assistant Secretary for Financial Institutions at the Department of the Treasury, delivered remarks at the Electronic Transaction Association’s Annual Fintech Policy Forum. Schaffer addressed the role of artificial intelligence (AI) in financial services and highlighted both its potential benefits and risks.

Thank you to Bloomberg Philanthropies for hosting this second Partnership for Global Infrastructure and Investment (PGII) Investor Forum. I’m glad to be here with World Bank President Ajay Banga, my colleagues Jake Sullivan and Amos Hochstein, and with the business leaders who have helped drive progress on this partnership.

The G7 Cyber Expert Group (CEG), chaired by the U.S. Department of the Treasury and the Bank of England, has issued a statement addressing cybersecurity risks posed by quantum computing. The group highlighted the need for financial authorities and institutions to take proactive steps to mitigate these risks.

The U.S. Department of the Treasury has released new data showing that 3.3 million small business owners and self-employed workers were covered by Affordable Care Act (ACA) Marketplaces in 2022. This group accounted for 28% of all Marketplace enrollment for individuals aged 21-64.

On September 25, 2024, Under Secretary for Domestic Finance Nellie Liang addressed the Integrity Council for the Voluntary Carbon Market (IC-VCM), the Global Carbon Market Utility (GCMU), and the Voluntary Carbon Markets Integrity Initiative (VCMI) on the topic of voluntary carbon market integrity. In her remarks, she emphasized the importance of delivering high-integrity carbon markets to meet climate goals.

The U.S. Department of the Treasury convened a roundtable today in Washington, D.C., bringing together representatives from various sectors to discuss support for small businesses. Attendees included financial institutions, technology providers, financial technology firms, small business associations, consumer advocacy groups, government agencies, Federal Reserve banks, and other stakeholders.

Deputy Secretary of the Treasury Wally Adeyemo recently spoke on the topic of Voluntary Carbon Markets (VCMs) at an event hosted by the Global Carbon Market Utility, the Integrity Council for the Voluntary Carbon Market (IC-VCM), and the Voluntary Carbon Markets Integrity Initiative. In his remarks, Adeyemo highlighted the Biden-Harris Administration's efforts in addressing climate change over the past three and a half years.