Preliminary data from an annual survey of U.S. portfolio holdings of foreign securities at year-end 2023 were released today and posted on the Treasury website. The final survey report, which will include additional detail as well as possible revisions to the data, will be released on October 31, 2024.
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking (NPRM) for the Clean Electricity Low-Income Communities Bonus Credit Program, known as 48E(h), created by the Inflation Reduction Act. The program aims to promote cost-saving clean energy investments in low-income communities, Indian lands, affordable housing, or directly benefiting low-income households.
U.S. Treasurer Chief Lynn Malerba visited Alaska this week to meet with Alaska Native Tribal leaders, marking her first official visit to an Alaska Native Tribe.
The U.S. Department of the Treasury and Internal Revenue Service (IRS) announced today that Maine will join IRS Direct File for Filing Season 2025. This initiative, enabled by President Biden’s Inflation Reduction Act, aims to improve customer service and ensure taxpayers claim eligible benefits and deductions.
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced today that Wisconsin will join IRS Direct File for Filing Season 2025. This development, enabled by President Biden’s Inflation Reduction Act, will allow more than 600,000 Wisconsinites to utilize a free online tax filing tool next year.
WASHINGTON — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned former Haitian President Michel Joseph Martelly under Executive Order 14059, "Imposing Sanctions on Foreign Persons Involved in the Global Illicit Drug Trade."
U.S. Deputy Secretary of the Treasury Wally Adeyemo engaged in a virtual call with Ukrainian Minister of Finance Sergii Marchenko on August 20, 2024. During the discussion, Deputy Secretary Adeyemo reaffirmed the Administration’s unwavering support for Ukraine amid its defense against Russia's ongoing conflict. He praised Ukraine’s efforts to boost domestic revenues and assured that the international community would continue its support.
The United States and the People’s Republic of China convened the fifth meeting of the Financial Working Group (FWG) in Shanghai on August 15-16, 2024. Senior officials from the U.S. Department of the Treasury and the People’s Bank of China led the two-day discussions, which included participants from various agencies.
On August 15, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned several companies, individuals, and vessels for their involvement in the shipment of Iranian commodities to Yemen and the United Arab Emirates (UAE). These actions are linked to Iran-based Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF)-backed Houthi financial official Sa’id al-Jamal. The Specially Designated Nationals and Blocked Persons List (SDN List) entry for the vessel ARTURA has been updated to reflect its new name, OHAR.
Washington – The U.S. Department of the Treasury released Treasury International Capital (TIC) data for June 2024 today. The next release, which will report on data for July 2024, is scheduled for September 18, 2024.
The Treasury Department has unveiled a new enforcement website for the Committee on Foreign Investment in the United States (CFIUS), aimed at enhancing transparency and providing detailed guidance regarding CFIUS penalties and other enforcement actions. This update is part of an ongoing effort to strengthen CFIUS as a national security tool.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions targeting 19 individuals, 14 entities, and one aircraft under Belarus-related Executive Order (E.O.) 14038. These measures are aimed at those involved in supporting Russia’s war in Ukraine through military resource production, transshipment of goods to Russia, sanctions evasion on behalf of Belarusian defense entities, and revenue generation for Belarusian oligarchs within Alyaksandr Lukashenka’s inner circle. Additionally, five targets—three individuals and two...
The Group of Creditors of Ukraine (GCU) has expressed approval for the agreement in principle reached between Ukraine and its bondholders on Eurobond debt restructuring terms.
The U.S. Department of the Treasury and Internal Revenue Service (IRS) announced today that Connecticut will join IRS Direct File for Filing Season 2025. This initiative, enabled by President Biden’s Inflation Reduction Act, aims to improve customer service and ensure taxpayers claim eligible benefits and deductions.
On July 23 and 24, the United States, Italy, and Saudi Arabia hosted the 20th meeting of the Counter ISIS Finance Group (CIFG) virtually under the Global Coalition to Defeat ISIS. The U.S. Treasury Department and the U.S. Department of State jointly represented the United States at this event, which included over 50 member states and observers.
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced the launch of a public service announcement (PSA) campaign to educate small business owners about new beneficial ownership reporting requirements. The PSAs, which are being broadcast on television and radio nationwide, aim to inform business owners and stakeholders about these requirements and encourage compliance. This initiative complements ongoing digital and print advertising efforts.
Secretary of the Treasury Janet L. Yellen issued a statement on August 8, 2024, regarding the disbursement of $3.9 billion in direct budget support for Ukraine.
In 2023, more than 117,000 Michigan families saved over $134 million on clean energy and energy efficiency investments, according to new data released by the U.S. Department of the Treasury (Treasury). This announcement comes ahead of the two-year anniversary of the Inflation Reduction Act.
The U.S. Department of the Treasury, the Consumer Financial Protection Bureau (CFPB), and the Federal Trade Commission (FTC) announced measures today aimed at addressing unfair and deceptive consumer practices in the residential solar power sector. The agencies released Consumer Advisories to help the public identify potential unfair practices and encouraged consumers to report suspicious behavior to the FTC, CFPB, or state consumer protection offices.
