Capital Projects Fund approves infrastructure applications worth $1 billion The Department of the Treasury has approved broadband project proposals submitted by Florida, Georgia, Iowa, Minnesota, Missouri, and Utah.…
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Treasury Secretary Promotes Cryptocurrency Regulation
She expresses skepticism about the digital asset industry. The collapse of a cryptocurrency exchange known as FTX has been called a “Lehman moment” by Treasury Secretary Janet Yellen.…
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Treasury Sanctions Members of Mexican Drug Cartel
Co-leaders of a drug smuggling cartel banned from American trade. The Department of the Treasury sanctioned the Mexican drug cartel La Nueva Familia Michoacana last week, blocking its…
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Inter-Agency Working Group Presents Progress Report
Rules and enhancements proposed to strengthen Treasury market. The Inter-Agency Working Group on Treasury Market Surveillance (IAWG) issued its staff progress report this month, outlining ways they have moved…
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OFAC Sanctions Companies Linked to Iranian Oil
Fifth round of designations against Iranian petroleum trade. The Office of Foreign Assets Control at the Department of the Treasury recently sanctioned 13 companies for their facilitation in…
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Treasury Secretary Delivers Semi-Annual Report to Congress
Reviews foreign trade of goods and services through June 2022. The Department of the Treasury delivered its semiannual macroeconomic report to Congress last week. The report goes over…
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Treasury Secretary Supports IRS Commissioner Nominee
Daniel Werfel served in the IRS under President Obama. Secretary of the Treasury Janet Yellen has voiced her support of President Biden’s nomination of Daniel Werfel to the…
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OFAC Sanctions Two North Korean Individuals
Treasury Department designates the pair for transporting and procuring ballistic missile supplies for DPRK. The Department of the Treasury’s Office of Foreign Assets Control designated two individuals for…
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Treasury Requests Public Input on Climate Tax Policies
$270 billion is being dedicated to various climate tax incentives. The Treasury Department recently issued three requests for public input, asking for comments on how best to implement…
Read MoreTreasury Department Sanctions Iranian Foundation
The organization issued a multi-million bounty on Salman Rushdie’s life. The Department of the Treasury has sanctioned a so-called charitable foundation based in Iran. The 15 Khordad Foundation,…
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