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  • U.S. Department of Commerce Statement on Delayed Prohibitions Related to TikTok

    U.S. Department of Commerce Statement on Delayed Prohibitions Related to TikTok | site |




    (September 19, 2020) - - Today, September 19, 2020, The Office of Public Affairs of the U.S. Department of Commerce published (under the subheading "Wilbur Ross") the following information:

    In light of recent positive developments, Secretary of Commerce Wilbur Ross, at the direction of President Trump, will delay the prohibition of identified transactions pursuant to Executive Order 13942, related to the TikTok mobile application that would have been effective on Sunday, September 20, 2020, until September 27, 2020 at 11:59 p.m.

    LEADERSHIP
    Wilbur Ross
    ...
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  • Agencies issue Statement providing Additional Information for certain Bank Secrecy Act Due Diligence Requirements

    Agencies issue Statement providing Additional Information for certain Bank Secrecy Act Due Diligence Requirements | site |



    (August 21, 2020) - - Today, August 21, 2020, the Board of Governors of the Federal Reserve System published the following information:

    Board of Governors of the Federal Reserve System
    Federal Deposit Insurance Corporation
    Financial Crimes Enforcement Network
    National Credit Union Administration
    Office of the Comptroller of the Currency


    WASHINGTON—The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration, and the Office of the Comptroller of the Currency today issued a joint statement clarifying that Bank Secrecy Act (BSA) due diligence requirements for customers who may be considered "politically exposed persons" (PEPs) should be commensurate with the risks posed by the PEP
    ...
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  • FDIC Proposes to Update Policy Statement on Minority Depository Institutions

    FDIC Proposes to Update Policy Statement on Minority Depository Institutions

    FDIC Proposes to Update Policy Statement on Minority Depository Institutions | site |




    (August 21, 2020) - - Today. August 21, 2020, the Federal Deposit Insurance Corporation published the following information:

    WASHINGTON—The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a new proposed Statement of Policy to enhance the agency’s efforts to encourage and preserve Minority Depository Institutions (MDIs). The proposed revisions would update, strengthen, and clarify the FDIC’s policies and procedures related to the agency’s existing MDI framework. The FDIC seeks public comment on the proposal over a 60-day period.

    Specifically, the proposed revisions describe the initiatives the FDIC has taken and will take to promote the preservation of MDIs and enhance communication between the FDIC and these minority-owned and managed institutions. The proposed Statement of Policy would also define
    ...
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  • Statement of U.S. Secretary of State on the Release of Michael White

    Statement of U.S. Secretary of State on the Release of Michael White

    Statement of U.S. Secretary of State on the Release of Michael White| site |


    (June 4, 2020) - - Today, the U.S. Department of State released the follows statement issued by U.S. Secretary of State Michael R. Pompeo: We are bringing another American home. Michael White, a U.S. Navy veteran who has been wrongfully jailed in Iran for nearly two years, has been released. He is now on his way back to the United States, where we look forward to reuniting him with his family. I commend U.S. Special Representative for Iran Brian Hook for negotiating Mr. White’s release with the Iranians. I thank the Swiss government and the work of our diplomats for facilitating this successful diplomacy. While we are pleased that Iran was constructive in this matter, there is more work to do. The United States will not rest until we bring every American detained in Iran and around the world back home to their loved ones. The United States continues to call for the release of U.S. cit...
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  • Statement of the G7 Finance Ministers on Debt Transparency and Sustainability

    Statement of the G7 Finance Ministers on Debt Transparency and Sustainability

    Statement of the G7 Finance Ministers on Debt Transparency and Sustainability| site |



    (June 3, 2020) - - Today (June 3, 2020), the U.S. Department of the Treasury published the following information: WASHINGTON – We continue to work together to advance the international economic response to the COVID-19 pandemic, with a focus on the poorest and most vulnerable countries. COVID-19 has exacerbated existing debt vulnerabilities in many low-income countries, highlighting the importance of debt sustainability and transparency to long-term financing for development. We welcome efforts of the international financial institutions (IFIs) to amplify their support for the most vulnerable countries. In this context, we are committed to implementing the Debt Service Suspension Initiative (DSSI) agreed by the G20 and the Paris Club, by suspending official bilateral debt payments for the poorest countries to year-end 2020 and possibly longer, providing those countries fiscal ...
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  • Statement of U.S. Secretary of State Michael R. Pompeo on the Passing of Ambassador Matthew J. Matthews

    Statement of U.S. Secretary of State Michael R. Pompeo on the Passing of Ambassador Matthew J. Matthews | site |



    (May 20, 2020) - - Today, the U.S. Department of State issued the following statement of condolence by U.S. Secretary of State Michael R. Pompeo concerning the Passing of Ambassador Matthew J. Matthews: We are deeply saddened by the passing on May 20 of Ambassador Matthew J. Matthews and, on behalf of the Department of State, I offer our deepest condolences to his family. Ambassador Matthews had a long and distinguished career in the State Department and was admired by all with whom he worked. Ambassador Matthews most recently served as the U.S. Ambassador to Brunei Darussalam. Previous to that, Ambassador Matthews was the U.S. Ambassador for Asia-Pacific Economic Cooperation (APEC) and concurrently served as the Deputy Assistant Secretary for Australia, New Zealand, and the Pacific Islands in the Bureau of East Asian and Pacific Affairs. His rich ca
    ...
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  • Joint DHS/EOIR Statement on MPP Rescheduling

    Joint DHS/EOIR Statement on MPP Rescheduling

    Joint DHS/EOIR Statement on MPP Rescheduling | site |




    (March 23, 2020) - - Today, the U.S. Department of Homeland Security (DHS) published the following information:

    Due to circumstances resulting from COVID-19, all Migrant Protection Protocol (MPP) master calendar and merit hearings presently scheduled through April 22 will be rescheduled. Neither the MPP program nor any hearings will be cancelled.

    Any individual with an MPP hearing date through April 22 should present themselves at their designated port of entry on their previously scheduled date to receive a tear sheet and hearing notice containing their new hearing dates. DHS and EOIR are deeply committed to ensuring that individuals ‘have their day in court’ while also ensuring the health and safety of aliens, our frontline officers, immigration court professionals, and our citizens.
    ...
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  • Statement by Secretary Steven T. Mnuchin on Essential Financial Services Workers

    Statement by Secretary Steven T. Mnuchin on Essential Financial Services Workers | site |





    (March 24, 2020) - - Today, the U.S. Department of the Treasury published the following information:


    Statement by Secretary Steven T. Mnuchin on Essential Financial Services Workers



    WASHINGTON—U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on Financial Services Sector Essential Critical Infrastructure Workers: “I strongly support the Department of Homeland Security’s recent guidance identifying financial services sector workers as essential critical infrastructure workers during the COVID-19 response emergency. The guidance provides information to State and local officials, as they work to protect their communities, to ensure the continuity of functions that are critical to public health and safety, as well as economic and national security. Consistent with the President’s guidelines,...
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  • Statement of G7 Finance Ministers and Central Bank Governors

    Statement of G7 Finance Ministers and Central Bank Governors

    Statement of G7 Finance Ministers and Central Bank Governors | site |





    (March 24, 2020) - - Today, the U.S. Department of the Treasury published the following information:



    Statement of G7 Finance Ministers and Central Bank Governors




    WASHINGTON – Consistent with the direction from G7 Leaders, we are taking action and enhancing coordination on our dynamic domestic and international policy efforts to respond to the global health, economic, and financial impacts associated with the spread of the coronavirus disease 2019 (COVID-19). Collectively, G7 nations have already enacted a wide-ranging set of health, economic, and financial stability measures. We will do whatever is necessary to restore confidence and economic growth and to protect jobs, businesses, and the resilience of the financial system. We also pledge to promote global trade and investment to underpin prosperity. Our nations are working...
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  • Federal Reserve issues Federal Open Market Committee Statement

    Federal Reserve issues Federal Open Market Committee Statement

    Federal Reserve issues Federal Open Market Committee Statement | site |





    (March 23, 2020) - - Today, the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve is committed to use its full range of tools to support the U.S. economy in this challenging time and thereby promote its maximum employment and price stability goals. The Federal Open Market Committee is taking further actions to support the flow of credit to households and businesses by addressing strains in the markets for Treasury securities and agency mortgage-backed securities. The Federal Reserve will continue to purchase Treasury securities and agency mortgage-backed securities in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions. The Committee will include purchases of agency commercial mortgage-backed securities in its agency mortgage-backed securit...
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  • Statement from Secretary Steven T. Mnuchin on the Establishment of a Primary Dealer Credit Facility

    Statement from Secretary Steven T. Mnuchin on the Establishment of a Primary Dealer Credit Facility| site |



    (March 17, 2020) - - Today (March 17, 2020), the U.S. Department of the Treasury published the following information:

    WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the establishment of a primary dealer credit facility (PDCF) by the Federal Reserve Board: “I have just sent Chairman Jerome Powell a letter confirming that I approve the establishment of the PDCF to provide liquidity to the financial system pursuant to section 13(3) of the Federal Reserve Act and the Board’s Regulation A. The global coronavirus outbreak has contributed to significant financial market volatility. The establishment of a PDCF will help address illiquidity, mitigate disruptions in funding markets, support smooth market functioning and help facilitate the availability of credit to American workers and businesses. To make the
    ...
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  • Statement from Secretary Steven T. Mnuchin Regarding House-passed Coronavirus Response Legislation

    Statement from Secretary Steven T. Mnuchin Regarding House-passed Coronavirus Response Legislation| site |



    (March 16, 2020) - - On March 14, 2020 the U.S. Department of the Treasury published the following Statement from Secretary Steven T. Mnuchin Regarding House-passed Coronavirus Response Legislation:

    “This bill will provide significant relief to small businesses that cannot afford the employee costs associated with coronavirus. The bill provides a dollar for dollar reimbursement for coronavirus related sick leave costs. To protect businesses concerned about cash flow, the Treasury will use its regulatory authority to advance funds to employers in a number of ways. Employers will be able to use cash deposited with the IRS to pay sick leave wages. Additionally, for businesses that would not have sufficient taxes to draw from, Treasury will use its regulatory authority to make advances to small businesses to cover such costs.”
    ...
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  • Federal Reserve issues FOMC Statement

    Federal Reserve issues FOMC Statement

    Federal Reserve issues FOMC Statement| site |



    (March 16, 2020) - - On March 15, 2020 the Board of Governors of the Federal Reserve System published the following information: The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States. Global financial conditions have also been significantly affected. Available economic data show that the U.S. economy came into this challenging period on a strong footing. Information received since the Federal Open Market Committee met in January indicates that the labor market remained strong through February and economic activity rose at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending rose at a moderate pace, business fixed investment and exports remained weak. More recently, the energy sector has come under stress. On a 12‑month basis, overall inflation and inflati...
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  • Amtrak Statement - - Coronavirus Update, 2:00 p.m. CT, Mar. 8

    Amtrak Statement - - Coronavirus Update, 2:00 p.m. CT, Mar. 8

    Amtrak Statement: Coronavirus Update, 2:00 p.m. CT, Mar. 8.| site |



    (March 9, 2020) - - On March 8, 2020 Amtrak published the following information:

    Amtrak Statement: Coronavirus Update, 2:00 p.m. CT, Mar. 8.


    At Amtrak, safety is our top priority. We have received notification from St. Louis County, Mo. that an individual who traveled on Amtrak train 303 (Chicago – St. Louis) on March 4, 2020, has tested presumptive positive for the coronavirus. We are working in close contact with public health and emergency management teams to have the best available information to be able to share with our customers and employees who might be affected. Amtrak is notifying passengers and employees who may have been on the same train, and as a precaution, we have taken the train out of service for comprehensive cleaning and disinfection, and are also working to do a thorough disinfection of the Chicago and St. Louis stations. For more in...
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  • World Health Organization Statement on Cases of COVID-19 surpassing 100 000

    World Health Organization Statement on Cases of COVID-19 surpassing 100 000

    World Health Organization Statement on Cases of COVID-19 surpassing 100 000| site |



    (March 7, 2020) - - Today, the World Health Organization (WHO) published the following information: As of today’s reports, the global number of confirmed cases of COVID-19 has surpassed 100 000. As we mark this sombre moment, the World Health Organization (WHO) reminds all countries and communities that the spread of this virus can be significantly slowed or even reversed through the implementation of robust containment and control activities. China and other countries are demonstrating that spread of the virus can be slowed and impact reduced through the use of universally applicable actions, such as working across society to identify people who are sick, bringing them to care, following up on contacts, preparing hospitals and clinics to manage a surge in patients, and training health workers. WHO calls on all countries to continue efforts that have been effective in limitin...
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  • Staff Reporter 1
    U.S. Department of Commerce Statement on Delayed Prohibitions Related to TikTok
    by Staff Reporter 1
    U.S. Department of Commerce Statement on Delayed Prohibitions Related to TikTok | site |




    (September 19, 2020) - - Today, September 19, 2020, The Office of Public Affairs of the U.S. Department of Commerce published (under the subheading "Wilbur Ross") the following information:

    In light of recent positive developments, Secretary of Commerce Wilbur Ross, at the direction of President Trump, will delay the prohibition of identified transactions pursuant to Executive Order 13942, related to the TikTok mobile application that would have been effective on Sunday, September 20, 2020, until September 27, 2020 at 11:59 p.m.

    LEADERSHIP
    Wilbur Ross
    ...
    09-21-2020, 12:02 PM
  • Staff Reporter 1
    Agencies issue Statement providing Additional Information for certain Bank Secrecy Act Due Diligence Requirements
    by Staff Reporter 1
    Agencies issue Statement providing Additional Information for certain Bank Secrecy Act Due Diligence Requirements | site |



    (August 21, 2020) - - Today, August 21, 2020, the Board of Governors of the Federal Reserve System published the following information:

    Board of Governors of the Federal Reserve System
    Federal Deposit Insurance Corporation
    Financial Crimes Enforcement Network
    National Credit Union Administration
    Office of the Comptroller of the Currency


    WASHINGTON—The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration, and the Office of the Comptroller of the Currency today issued a joint statement clarifying that Bank Secrecy Act (BSA) due diligence requirements for customers who may be considered "politically exposed persons" (PEPs) should be commensurate with the risks posed by the PEP
    ...
    08-31-2020, 06:45 PM
  • Staff Reporter 1
    FDIC Proposes to Update Policy Statement on Minority Depository Institutions
    by Staff Reporter 1
    FDIC Proposes to Update Policy Statement on Minority Depository Institutions | site |




    (August 21, 2020) - - Today. August 21, 2020, the Federal Deposit Insurance Corporation published the following information:

    WASHINGTON—The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a new proposed Statement of Policy to enhance the agency’s efforts to encourage and preserve Minority Depository Institutions (MDIs). The proposed revisions would update, strengthen, and clarify the FDIC’s policies and procedures related to the agency’s existing MDI framework. The FDIC seeks public comment on the proposal over a 60-day period.

    Specifically, the proposed revisions describe the initiatives the FDIC has taken and will take to promote the preservation of MDIs and enhance communication between the FDIC and these minority-owned and managed institutions. The proposed Statement of Policy would also define
    ...
    08-31-2020, 02:47 PM
  • Staff Reporter 1
    Statement of U.S. Secretary of State on the Release of Michael White
    by Staff Reporter 1
    Statement of U.S. Secretary of State on the Release of Michael White| site |


    (June 4, 2020) - - Today, the U.S. Department of State released the follows statement issued by U.S. Secretary of State Michael R. Pompeo: We are bringing another American home. Michael White, a U.S. Navy veteran who has been wrongfully jailed in Iran for nearly two years, has been released. He is now on his way back to the United States, where we look forward to reuniting him with his family. I commend U.S. Special Representative for Iran Brian Hook for negotiating Mr. White’s release with the Iranians. I thank the Swiss government and the work of our diplomats for facilitating this successful diplomacy. While we are pleased that Iran was constructive in this matter, there is more work to do. The United States will not rest until we bring every American detained in Iran and around the world back home to their loved ones. The United States continues to call for the release of U.S. cit...
    06-05-2020, 03:27 AM
  • Staff Reporter 1
    Statement of the G7 Finance Ministers on Debt Transparency and Sustainability
    by Staff Reporter 1
    Statement of the G7 Finance Ministers on Debt Transparency and Sustainability| site |



    (June 3, 2020) - - Today (June 3, 2020), the U.S. Department of the Treasury published the following information: WASHINGTON – We continue to work together to advance the international economic response to the COVID-19 pandemic, with a focus on the poorest and most vulnerable countries. COVID-19 has exacerbated existing debt vulnerabilities in many low-income countries, highlighting the importance of debt sustainability and transparency to long-term financing for development. We welcome efforts of the international financial institutions (IFIs) to amplify their support for the most vulnerable countries. In this context, we are committed to implementing the Debt Service Suspension Initiative (DSSI) agreed by the G20 and the Paris Club, by suspending official bilateral debt payments for the poorest countries to year-end 2020 and possibly longer, providing those countries fiscal ...
    06-05-2020, 02:09 AM

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