The lobbying group says businesses want to see progress. The U.S. Chamber of Commerce, the largest business lobbying group in the nation, has communicated to Congress that businesses…
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U.S. and Turkey Join Forces to Curtail Financing of ISIS
Turkey imposes a financial freeze while the U.S. implements sanctions. The governments of the United States and Turkey took simultaneous joint actions to disrupt an ISIS financial facilitation…
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Treasury and IRS Announce Opening of EV Tax Credits
Questions remain regarding country of assembly eligibility. The Department of the Treasury and the Internal Revenue Service released additional information regarding tax benefits on clean vehicle provisions under…
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Treasury Department Sanctions Iranian Regime Officials
U.S. responds to Iran’s execution of human rights protestors. The Department of the Treasury has placed sanctions on Iran’s Prosecutor General along with multiple military officials and the…
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Six More States Approved for High-Speed Internet Grants
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…
Read MoreOFAC 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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