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  • U.S. Treasury Department Announces Seven Additional Policies to Encourage State and Local Governments to Expedite Emergency Rental Assistance

    U.S. Treasury Department Announces Seven Additional Policies to Encourage State and Local Governments to Expedite Emergency Rental Assistance | site |




    Latest Treasury Data Shows Continued Progress; About 1 Million Payments Made by State and Localities as of July 31


    (Information contained in U.S. Department of the Treasury press release dated: August 25, 2021) New data on program performance demonstrates steady improvement in delivering Emergency Rental Assistance (ERA) to eligible households – particularly among state and local agencies that adopted the recommendations in Treasury’s prior guidance. Even with these improvements, many grantees need to do more to urgently accelerate efforts to prevent harmful evictions of vulnerable families. To help grantees continue to expedite assistance, today Treasury is announcing additional policies – including measures to reduce processing delays by providing even more explic...
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  • U.S. Treasury Department Releases Letter to Nonfinancial Corporate Stakeholders on LIBOR Transition

    U.S. Treasury Department Releases Letter to Nonfinancial Corporate Stakeholders on LIBOR Transition | site |



    (Information contained in U.S. Department of the Treasury press release dated: August 23, 2021)

    Washington - - Today, U.S. Secretary of the Treasury Janet L. Yellen, Chair of the Board of Governors of the Federal Reserve System Jerome H. Powell, Chair of the Securities and Exchange Commission Gary Gensler, President and Chief Executive Officer of the Federal Reserve Bank of New York John C. Williams, and Acting Chairman of the Commodity Futures Trading Commission Rostin Behnam released a letter to nonfinancial corporate stakeholders following a discussion of the experiences and concerns of nonfinancial corporations as they prepare to transition from U.S. dollar (USD) LIBOR.

    The full text of the letter is below and can be found here
    ...
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  • The United States Department of the Treasury and the Monetary Authority of Singapore Finalize a Memorandum of Understanding on Cybersecurity Cooperation

    The United States Department of the Treasury and the Monetary Authority of Singapore Finalize a Memorandum of Understanding on Cybersecurity Cooperation | site |



    (Information contained in U.S. Department of the Treasury press release dated: August 23, 2021) Washington - - On August 23, 2021, the United States Department of the Treasury (“Treasury”) and the Monetary Authority of Singapore (“MAS”) announced the finalization of a bilateral Memorandum of Understanding (“MoU”) on Cybersecurity Cooperation. This announcement was made during Vice President Kamala Harris’ visit to Singapore, where both the US and Singapore recognized the importance of deepening cooperation in new domains to deal with the challenges of the 21st century. Treasury and MAS have had ongoing exchange of cyber threat information since 2018. The MoU formalizes and strengthens what has already been a strong cybersecurity partnership between both agencies. ...
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  • U.S. Secretary of the Treasury Janet L. Yellen Sends Letter with U.S. Secretary of the Department of Labor Martin J. Walsh to Congressional Leaders on Unemployment Insurance

    U.S. Secretary of the Treasury Janet L. Yellen Sends Letter with Secretary of the Department of Labor Martin J. Walsh to Congressional Leaders on Unemployment Insurance | site |



    (Information contained in U.S. Department of the Treasury press release dated: August 19, 2021)

    Washington - - Today, U.S. Secretary of the Treasury Janet L. Yellen and Secretary of the Department of Labor Martin J. Walsh sent a letter to Senate Finance Committee Chairman Wyden and House Ways and Means Committee Chairman Neal on the expiration of emergency unemployment insurance.

    The full text of the letter is available here and below. Dear Chairman Wyden and Chairman Neal: We write on behalf of President Biden with an update on the steps our Departments are taking in advance of the expiration of emergency unemployment insurance (UI) programs on September 6, 2021. As you know, these programs were first enacted in the CARES Act, and were extended
    ...
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  • U.S. Department of the Treasury Announces Fossil Fuel Energy Guidance for Multilateral Development Banks

    U.S. Department of the Treasury Announces Fossil Fuel Energy Guidance for Multilateral Development Banks | site |



    (Information contained in U.S. Department of the Treasury press release dated: August 16, 2021)

    Washington - - Today, the U.S. Department of the Treasury issued Fossil Fuel Energy Guidance for Multilateral Development Banks (MDBs), which is key Guidance in response to President Biden’s Executive Order 14008 on Tackling the Climate Crisis At Home and Abroad announced earlier this year. In its Guidance, Treasury advocates for MDB investments prioritizing clean energy, innovation, and energy efficiency, which will help achieve a clean and sustainable future consistent with the development goals of the Paris Agreement. U.S. Secretary of the Treasury Janet L. Yellen previewed Treasury’s MDB Guidance at the April 2021 G7 Leaders Summit on Climate and more recently discussed this with Heads of the MDBs in
    ...
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  • Treasury and IRS Disburse Second Month of Advance Child Tax Credit Payments

    Treasury and IRS Disburse Second Month of Advance Child Tax Credit Payments

    Treasury and IRS Disburse Second Month of Advance Child Tax Credit Payments | site |




    Treasury Plans Permanent Mobile-Friendly and Multi-Lingual Sign-up Tool for Non-Filers, Announces New Sign-up Tool Created by Code for America


    (Information contained in U.S. Department of the Treasury press release dated: August 13, 2021) Washington - - The U.S. Department of the Treasury and the Internal Revenue Service announced today that more than $15 billion were paid to families that include roughly 61 million eligible children in the second monthly payment of the expanded and newly-advanceable Child Tax Credit from the American Rescue Plan passed in March. The number of payments this month increased and cover an additional 1.6 million children. Eligible families received a payment of up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 to 17. This tax relief is having a real impact on the live...
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  • U.S. Treasury Reiterates Call for State and Local Governments to Follow Treasury Guidance on Eliminating Undue Documentation Burdens to Speed the Delivery Emergency Rental Assistance

    U.S. Treasury Reiterates Call for State and Local Governments to Follow Treasury Guidance on Eliminating Undue Documentation Burdens to Speed the Delivery Emergency Rental Assistance | site |



    Treasury publishes examples of simplified eligibility forms, shares with all Emergency Rental Assistance program grantees


    (Information contained in U.S. Department of the Treasury press release date: August 4, 2021)

    Washington - - Today, the U.S. Department of the Treasury reiterated its call for state and local governments operating Emergency Rental Assistance (ERA) programs to speed the delivery of assistance to those in need by eliminating undue documentation burdens. To help states and other jurisdictions quickly implement impactful programs, Treasury has published examples of simplified eligibility forms that are being used effectively by emergency rental assistance programs around the country. In addition to posting these
    ...
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  • Secretaries of USDA, HUD, VA, Treasury, and FHFA Acting Director Release Joint Statement on Agency Actions to Prevent Evictions

    Secretaries of USDA, HUD, VA, Treasury, and FHFA Acting Director Release Joint Statement on Agency Actions to Prevent Evictions | site |



    (Information contained in U.S. Department of Housing and Urban Development [HUD] press release dated: July 30, 2021) The Centers for Disease Control and Prevention’s (CDC) eviction moratorium is in place until July 31st, but the Supreme Court’s ruling made clear that CDC cannot extend the moratorium past its current expiration date. In light of that decision, the Biden-Harris Administration is taking steps to protect renters at risk of eviction. Today, at the President’s request, the U.S. Department of Agriculture (USDA), U.S. Department of Housing and Urban Development (HUD), U.S. Department of Veterans Affairs (VA) and the Federal Housing Finance Agency (FHFA) have extended their foreclosure-related eviction moratoria until September 30, 2021. The President further asked our agencies, which play a significan...
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  • Treasury Releases Guidance to Speed the Provision of Emergency Rental Assistance Relief and Support Housing Stability for Renters at Risk of Eviction

    U.S. Department of the Treasury Releases Guidance to Speed the Provision of Emergency Rental Assistance Relief and Support Housing Stability for Renters at Risk of Eviction | site |



    (Information contained in U.S. Department of the Treasury press release dated: June 24, 2021)

    Washington - - Today, the U.S. Department of the Treasury released guidance in the form of updated frequently asked questions (FAQs) and fact sheet to continue supporting the rapid deployment of Emergency Rental Assistance by states, territories, localities, and tribal governments. The FAQs build on prior actions to provide state and local governments with the tools they need to deliver relief to renters in need by helping grantees with implementation and best practices.

    The fact sheet is below and available here .

    The FAQs are available here .



    Emergency Rental Assistance Fact Sheet: Treasury Announces Further Action to Support Housing...
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  • U.S. Treasury Secretary Janet L. Yellen to Travel to G20 Finance Ministers and Central Bank Governors Meeting in Venice, Italy

    U.S. Treasury Secretary Janet L. Yellen to Travel to G20 Finance Ministers and Central Bank Governors Meeting in Venice, Italy | site |



    Will Also Travel to Brussels, Belgium To Advance U.S. Policy Priorities

    (Information contained in U.S. Department of the Treasury press release dated: June 24, 2021) Washington - - The U.S. Department of the Treasury today announced that Secretary Janet L. Yellen will attend the G20 Finance Ministers and Central Bank Governors meeting in Venice, Italy from July 9-10, 2021. While in Venice, Secretary Yellen will continue to reinforce the U.S. commitment to multilateralism and advance U.S. policy priorities on global tax policy, climate change, an inclusive economic recovery, and global health. She will also hold bilateral meetings with G20 counterparts. On July 11, the Secretary will attend the Venice International Conference on Climate with G20 counterparts, thought leaders, privat...
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  • Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Ways and Means, U.S. House of Representatives

    Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Ways and Means, U.S. House of Representatives | site |




    (Information contained in U.S. Department of the Treasury press release dated: June 17, 2021)


    Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Ways and Means, U.S. House of Representatives


    Chairman Neal, Ranking Member Brady, it’s a pleasure to be with you. When I took office back in January, the first – and most urgent – problem confronting our economy was obviously the pandemic: helping people make it to the other side of the crisis and ensuring they were met there by a robust recovery. Thanks to this Congress – and its passage of the American Rescue Plan – I believe we are well on our way towards that goal. But we have to be clear-eyed about something: The pandemic was not our only economic problem. Long before a single American was infected w...
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  • U.S. Department of the Treasury Issues Additional COVID-19-related Sanctions Authorizations and Guidance

    U.S. Department of the Treasury Issues Additional COVID-19-related Sanctions Authorizations and Guidance | site |



    (Information contained in U.S. Department of the Treasury press release dated: June 17, 2021) Washington - - Today, in order to further aid the global fight against COVID-19, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued three general licenses (referred to as the COVID-19-related GLs) to build upon Treasury’s existing authorizations for COVID-19-related transactions and activities. The new COVID-19-related GLs expand upon longstanding humanitarian exemptions, exceptions, and authorizations to cover additional COVID-19-related transactions and activities. These include transactions and activities involving the delivery of face masks, ventilators and oxygen tanks, vaccines and the production of vaccines, COVID-19 tests, air filtration systems, and COVID-19-related field hospitals, ...
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  • Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Finance, U.S. Senate

    Testimony of Secretary of the Treasury Janet L. Yellen to the Committee on Finance, U.S. Senate | site |




    (Information contained in U.S. Department of the Treasury press release dated: June 16, 2021) Chairman Wyden, Ranking Member Crapo, it’s a pleasure to be with you. When I took office back in January, the first – and most urgent – problem confronting our economy was obviously the pandemic: helping people make it to the other side of the crisis and ensuring they were met there by a robust recovery. Thanks to this Congress – and its passage of the American Rescue Plan – I believe we are well on our way towards that goal. But we have to be clear-eyed about something: The pandemic was not our only economic problem. Long before a single American was infected with COVID-19, millions of people in this country were running up against a series of long-term, structural economic challenges that undermined their ability to make a good living. For instanc...
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  • U.S. Treasury Awards 1.25 Billion Dollars to CDFIs to Support Economic Relief in Underserved Communities Affected by COVID-19

    U.S. Treasury Awards $1.25 Billion to Community Development Financial Institutions to Support Economic Relief in Underserved Communities Affected by COVID-19 | site |



    Announcement Made by Vice President Harris Alongside Treasury Secretary Janet Yellen, U.S. Senator Mark Warner, and U.S. Representative Maxine Waters


    (Information contained in U.S. Department of the Treasury press release dated: June 15, 2021)

    Washington - - The U.S. Department of the Treasury today awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions (CDFIs). The awards were announced today by Vice President Kamala Harris at the White House with Treasury Secretary Janet L. Yellen. The grants will be made through Treasury’s CDFI Rapid Response Program (CDFI RRP) and will provide necessary capital for CDFIs to respond to economic challenges created by the COVID-19 pandemic, particularly in
    ...
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  • U.S. Department of the Treasury Announces Key Staff Appointments

    U.S. Department of the Treasury Announces Key Staff Appointments

    U.S. Department of the Treasury Announces Key Staff Appointments | site |


    (Information contained in U.S. Department of the Treasury press release dated: June 14, 2021)

    Washington - - Today, the United States Department of the Treasury announced three key additions to Treasury staff. These distinguished and diverse individuals join Treasury prepared to deliver results for the American people.

    Biographies of the appointees are listed below in alphabetical order:




    Kayla Arslanian, Deputy Executive Secretary, Office of the Executive Secretary

    Kayla Arslanian joins the Treasury Department from the New York City Mayor's Office, where she most recently served as Deputy Chief of Staff to Mayor Bill de Blasio. As a member of the senior leadership team responding to New York City’s COVID-19 crisis, Arslanian was responsible for increasing the city’s testing capacity and led planning efforts...
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  • Staff Reporter 1
    U.S. Treasury Department Announces Seven Additional Policies to Encourage State and Local Governments to Expedite Emergency Rental Assistance
    by Staff Reporter 1
    U.S. Treasury Department Announces Seven Additional Policies to Encourage State and Local Governments to Expedite Emergency Rental Assistance | site |




    Latest Treasury Data Shows Continued Progress; About 1 Million Payments Made by State and Localities as of July 31


    (Information contained in U.S. Department of the Treasury press release dated: August 25, 2021) New data on program performance demonstrates steady improvement in delivering Emergency Rental Assistance (ERA) to eligible households – particularly among state and local agencies that adopted the recommendations in Treasury’s prior guidance. Even with these improvements, many grantees need to do more to urgently accelerate efforts to prevent harmful evictions of vulnerable families. To help grantees continue to expedite assistance, today Treasury is announcing additional policies – including measures to reduce processing delays by providing even more explic...
    09-04-2021, 11:56 PM
  • Staff Reporter 1
    U.S. Treasury Department Releases Letter to Nonfinancial Corporate Stakeholders on LIBOR Transition
    by Staff Reporter 1
    U.S. Treasury Department Releases Letter to Nonfinancial Corporate Stakeholders on LIBOR Transition | site |



    (Information contained in U.S. Department of the Treasury press release dated: August 23, 2021)

    Washington - - Today, U.S. Secretary of the Treasury Janet L. Yellen, Chair of the Board of Governors of the Federal Reserve System Jerome H. Powell, Chair of the Securities and Exchange Commission Gary Gensler, President and Chief Executive Officer of the Federal Reserve Bank of New York John C. Williams, and Acting Chairman of the Commodity Futures Trading Commission Rostin Behnam released a letter to nonfinancial corporate stakeholders following a discussion of the experiences and concerns of nonfinancial corporations as they prepare to transition from U.S. dollar (USD) LIBOR.

    The full text of the letter is below and can be found here
    ...
    08-31-2021, 12:29 AM
  • Staff Reporter 1
    The United States Department of the Treasury and the Monetary Authority of Singapore Finalize a Memorandum of Understanding on Cybersecurity Cooperation
    by Staff Reporter 1
    The United States Department of the Treasury and the Monetary Authority of Singapore Finalize a Memorandum of Understanding on Cybersecurity Cooperation | site |



    (Information contained in U.S. Department of the Treasury press release dated: August 23, 2021) Washington - - On August 23, 2021, the United States Department of the Treasury (“Treasury”) and the Monetary Authority of Singapore (“MAS”) announced the finalization of a bilateral Memorandum of Understanding (“MoU”) on Cybersecurity Cooperation. This announcement was made during Vice President Kamala Harris’ visit to Singapore, where both the US and Singapore recognized the importance of deepening cooperation in new domains to deal with the challenges of the 21st century. Treasury and MAS have had ongoing exchange of cyber threat information since 2018. The MoU formalizes and strengthens what has already been a strong cybersecurity partnership between both agencies. ...
    08-24-2021, 10:27 AM
  • Staff Reporter 1
    U.S. Secretary of the Treasury Janet L. Yellen Sends Letter with U.S. Secretary of the Department of Labor Martin J. Walsh to Congressional Leaders on Unemployment Insurance
    by Staff Reporter 1
    U.S. Secretary of the Treasury Janet L. Yellen Sends Letter with Secretary of the Department of Labor Martin J. Walsh to Congressional Leaders on Unemployment Insurance | site |



    (Information contained in U.S. Department of the Treasury press release dated: August 19, 2021)

    Washington - - Today, U.S. Secretary of the Treasury Janet L. Yellen and Secretary of the Department of Labor Martin J. Walsh sent a letter to Senate Finance Committee Chairman Wyden and House Ways and Means Committee Chairman Neal on the expiration of emergency unemployment insurance.

    The full text of the letter is available here and below. Dear Chairman Wyden and Chairman Neal: We write on behalf of President Biden with an update on the steps our Departments are taking in advance of the expiration of emergency unemployment insurance (UI) programs on September 6, 2021. As you know, these programs were first enacted in the CARES Act, and were extended
    ...
    08-20-2021, 11:40 AM
  • Staff Reporter 1
    U.S. Department of the Treasury Announces Fossil Fuel Energy Guidance for Multilateral Development Banks
    by Staff Reporter 1
    U.S. Department of the Treasury Announces Fossil Fuel Energy Guidance for Multilateral Development Banks | site |



    (Information contained in U.S. Department of the Treasury press release dated: August 16, 2021)

    Washington - - Today, the U.S. Department of the Treasury issued Fossil Fuel Energy Guidance for Multilateral Development Banks (MDBs), which is key Guidance in response to President Biden’s Executive Order 14008 on Tackling the Climate Crisis At Home and Abroad announced earlier this year. In its Guidance, Treasury advocates for MDB investments prioritizing clean energy, innovation, and energy efficiency, which will help achieve a clean and sustainable future consistent with the development goals of the Paris Agreement. U.S. Secretary of the Treasury Janet L. Yellen previewed Treasury’s MDB Guidance at the April 2021 G7 Leaders Summit on Climate and more recently discussed this with Heads of the MDBs in
    ...
    08-18-2021, 06:20 PM

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