A group of U.S. lawmakers, led by French Hill (AR-02), introduced the Financial Innovation and Technology for the 21st Century Act (H.R. 4763). The bill aims to establish a specialized market structure framework for digital assets, fostering innovation while ensuring regulatory clarity.
The House Financial Services Subcommittee on Financial Institutions and Monetary Policy on July 20 conducted the hearing "Climate-Risk: Are Financial Regulators Politically Independent?" Republican legislators introduced four bills intended to limit federal regulators' ability to connect climate change to financial security.
The U.S. Treasury Department's Financial Literacy and Education Commission (FLEC) held a public meeting July 20 which focused on the financial literacy and educational needs of Tribal and Native communities.
During a recent address, Adeyemo highlighted the transformative potential of State and Local Fiscal Recovery Funds (SLFRF) for workforce development. He emphasized the urgency of utilizing the funds and the nearing deadline.
Dr. Ibai Basabe, the founder of 2ØY, an "organization working to unite crypto," described the cryptocurrency exchange OKX as a Chinese government-owned entity. Feng Bo, a major investor in OKX, has ties to Chinese Communist Party (CCP) elites.
Consultation regarding the Elective Payment of Applicable Credits under the Inflation Reduction held on July 17 was reportedly met with excitement. The consultation addressed proposed regulations published by Treasury and the IRS.
Last week, the Department of the Treasury's OFAC issued a press release to announce the decision to impose sanctions on three Belgian and one Mexican nationals.
Last week, the U.S. Department of the Treasury's Office of Foreign Assets Control issued a press release announcing the decision to impose more sanctions on Russia for Ukraine aggression, aligned with G7 commitments.
The U.S. Department of the Treasury has appointed a new director to head its Financial Crimes Enforcement Network (FinCEN). Andrea Gacki was named to the position July 13 by Treasury Sec. Janet Yellen.
Vice Chair for Supervision of the Federal Reserve Michael S. Barr spoke at the "Fair Housing at 55" National Conference on July 18 in Washington D.C., and in his keynote speech he underscored the importance of the Fair Housing Act. Barr advocated for continuous progress toward a fair and equal society through Federal Reserve actions.
Last week, U.S. Secretary of Treasury Janet L. Yellen held a press conference to address some key priorities at the G20, including the need to alleviate debt distress.
Secretary Yellen emphasized the significance of cooperation between the US and China in addressing global challenges during a press conference before the G20 meeting. She highlighted the need for constructive dialogue and collaboration, particularly after her recent visit to Beijing.
Secretary of the Treasury Janet Yellen listed a Control and Command Center in Gandhinagar, India on July 16, where she emphasized the power of education supported by the World Bank. According to a release by the World Bank, this visit plays off the $500 million program focused on enhancing education in Gujarat.
Secretary of the Treasury Janet Yellen recently spoke at a press conference in Gandhinagar, India ahead of the third meeting of the G20 Finance Ministers and Central Bank Governors, where she reaffirmed the unwavering support for Ukraine and also condemned Russia's aggression. According to remarks Yellen at World Bank Supported Educational Site in Gandhinagar, the U.S. and coalition partners have a focus on bolstering Ukraine's defense against illegal actions by Russia, as well as assisting with their budget.
Secretary of the Treasury Janet L. Yellen recently concluded her third visit to India within a year's time, as she attended the third meeting of the G20 Finance Ministers and Central Bank Governors. The gathering had a theme of "One Earth, One Family, One Future", which prioritized the well-being of people and the planet, as well as emphasizing the international economic cooperation and sustainable growth, according to remarks she made in a press release.
Vice Chair Monica De La Cruz (TX-15) condemns ESG mandates as a tool of cancel culture and market distortion during a heated hearing on insurance and housing costs.