Tag: scott_bessent

• Treasury Proposes Rule to Implement COINS Act Outbound Investment Curbs

  22 Oct 2026 5:03 p.m. · Source: US Treasury

  Treasury issues a proposed rule to implement the COINS Act, requiring notifications and bans on certain U.S. outbound investments in strategic technologies, and adds biotechnology to the covered sectors.

  Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyTradeArtificial IntelligenceLegal U.S. Department of the TreasuryOutbound Investment Security ProgramCOINS ActScott Bessentsemiconductor technologiesbiotechnologynational securityUS Treasury

• Bessent Meets Paraguay's Peña to Discuss Economic Partnership

  22 Oct 2026 4:27 p.m. · Source: US Treasury

  Treasury Secretary Scott Bessent met Paraguayan President Santiago Peña in Washington to discuss the growing economic partnership and welcomed Paraguay's commitment to secure critical minerals supply chains.

  Politics and GovernmentBusinessUSAParaguayFederal GovernmentTradeEconomyLatin America Scott BessentSantiago PeñaUS Treasurycritical mineralseconomic partnership

• Treasury Proposes Rules Barring Large Institutional Investors From Buying Single-Family Homes

  22 Oct 2026 9:03 a.m. · Source: US Treasury

  Treasury issues proposed regulations implementing the ROAD to Housing Act, restricting large institutional investors from buying single-family homes starting January 7, 2027, with safe harbors for build-to-rent and renovate-to-rent programs.

  Politics and GovernmentBusinessReal EstateFederal GovernmentWhite HouseEconomyLegal U.S. Department of the TreasuryROAD to Housing ActScott Bessentsingle-family homesinstitutional investorshomeownershipExecutive Order 14376US Treasury

• US Sanctions Panama-Greece Law Firm, Shipping Agents and Vessels Over Iran Shadow Fleet

  21 Oct 2026 1:28 p.m.

  Treasury's Operation Economic Outcast action targets Karnakis and Karnakis, two shipping agents and seven cargo vessels, and FinCEN has issued its first administrative subpoena in a probe of a Greek bank's potential Iran ties.

  Politics and GovernmentBusinessConflictLaw EnforcementFederal GovernmentTradeMilitaryEnergyBankingLegal Operation Economic OutcastKarnakis and KarnakisIran sanctionsU.S. Department of the Treasuryshadow fleetFinCENScott BessentFinancial Crimes Enforcement NetworkOffice of Foreign Assets ControlRoxette Maritime Shipping and TradingUS Treasury

• OCC Issues Final Rule Implementing GENIUS Act Stablecoin Framework

  21 Oct 2026 7:34 a.m.

  The rule, effective January 18, 2027, sets reserve, redemption, custody and risk management standards for payment stablecoin issuers under OCC jurisdiction, with a separate rulemaking to follow on Bank Secrecy Act, anti-money laundering and sanctions requirements.

  BusinessPolitics and GovernmentScience & TechnologyBankingFederal GovernmentLegalFinancial MarketsComputers and Internet Office of the Comptroller of the CurrencyGENIUS Actpayment stablecoinsstablecoin regulation12 CFR 15federal qualified payment stablecoin issuersDigital Assets & TokenizationOffice of the Comptroller of the Currency (OCC)Scott BessentJonathan V. Goulddigital assetscryptocurrency regulation

• Treasury Flags $270 Million in Suspicious Activity Tied to Federal Student Aid Fraud

  19 Oct 2026 2:27 p.m.

  FinCEN referred its findings to federal investigators after nearly 100 suspicious activity reports and more than 20,000 flagged transactions since February.

  Politics and GovernmentLaw EnforcementBusinessFederal GovernmentWhite HouseEconomyEducationLegalSocial Issues FinCENstudent aid fraudU.S. Department of the TreasuryScott BessentLinda McMahonsuspicious activity reportsBank Secrecy ActFinancial Crimes Enforcement Networkfederal student aid fraudWhite House Task Force to Eliminate FraudUS Treasury

• Treasury Sanctions Iraqi Bank and Iranian Offshore Lenders, FinCEN Warns Banks on Charity Abuse

  15 Oct 2026 1:33 p.m.

  FinCEN's alert under Operation Economic Outcast asks financial institutions to report diversion of khums religious tithes through charity networks, while Treasury blocks an Iraqi bank, Iranian offshore banks, oil intermediaries and exchange houses.

  Politics and GovernmentBusinessLaw EnforcementIranUSAFederal GovernmentBankingLegalMiddle EastMilitaryWorldIraqFinancial Markets FinCENOperation Economic Outcastreligious charity networkskhumsU.S. Department of the Treasuryfinancial institutionsFinancial Crimes Enforcement NetworkIran sanctionsInternational Development BankScott BessentOffice of Foreign Assets Controlshadow bankingUS TreasuryIranian regimereligious charitiesterrorism financing

• Bessent Urges IMF and World Bank to Refocus on Core Missions, End Upstream Gas Ban

  14 Oct 2026 12:09 p.m. · Source: US Treasury

  Treasury Secretary Scott Bessent tells the IMF and World Bank to return to core missions, retire the upstream gas financing ban, resume graduations, and rein in bloated board budgets.

  Politics and GovernmentBusinessWorldUSAFederal GovernmentEconomyTradeEnergyFinancial MarketsAfrica Scott BessentInternational Monetary FundWorld BankU.S. Department of the TreasuryIMF quotasupstream gas financingInternational Finance CorporationUS Treasury

• Treasury and IRS Propose Rules to Tighten Premium Tax Credit Eligibility

  14 Oct 2026 9:22 a.m.

  The proposed regulations would restrict the credit to U.S. citizens, nationals and certain lawfully present noncitizens beginning in 2027 and add new verification criteria for advance payments.

  Politics and GovernmentHealthBusinessUSAFederal GovernmentWhite HouseEconomyLegal Premium Tax CreditInternal Revenue ServiceWorking Families Tax CutsScott BessentMehmet OzAffordable Care ActTax CreditsU.S. Department of the TreasuryCenters for Medicare & Medicaid ServicesHealth Insurance ExchangesUS Treasury

• Bessent Holds Introductory Call With South Korea's New Finance Minister

  13 Oct 2026 10:05 a.m. · Source: US Treasury

  Treasury Secretary Scott Bessent congratulated Deputy Prime Minister Lee Hyoung-il on his new role and discussed shared economic priorities and ways to strengthen bilateral cooperation.

  Politics and GovernmentBusinessUSASouth KoreaFederal GovernmentEconomyTrade Scott BessentLee Hyoung-ilU.S. Department of the TreasuryRepublic of Koreabilateral economic cooperationWashingtonUS Treasury

• Treasury Secretary Bessent Names Dr. Judy Shelton as Counselor

  9 Oct 2026 8:08 a.m. · Source: US Treasury

  Economist and author Judy Shelton joins the Treasury as a Counselor in the Office of the Secretary, advising on currency policy with a focus on China's financial conditions.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyBankingFinancial Markets Judy SheltonScott BessentU.S. Department of the Treasurycurrency policyChinaHoover InstitutionWashingtonUS Treasury

• Treasury Sanctions 17 Shadow Fleet Vessels in Crackdown on Iran's Oil Network

  8 Oct 2026 1:03 p.m. · Source: US Treasury

  Operation Economic Outcast targets 17 tankers and 18 companies moving Iranian oil, petrochemicals and LPG across Asia, as Treasury says it has neutralized most of Iran's remaining shadow fleet.

  Politics and GovernmentBusinessWorldIranFederal GovernmentTradeEnergyLegalMiddle East Operation Economic OutcastIran shadow fleetOFAC sanctionsScott BessentU.S. Department of the TreasuryExecutive Order 13902Iranian petroleum exportsUS Treasury

• Treasury Issues First Penalty Under Outbound Investment Security Program, Fining Amidi $200,000

  7 Oct 2026 2:00 p.m. · Source: US Treasury

  Treasury fined Amidi, LLC $200,000 for failing to notify it of a controlled foreign entity's $92,478 investment in Chinese AI firm Noematrix, the first civil penalty under the Outbound Investment Security Program.

  Politics and GovernmentBusinessScience & TechnologyUSAChinaFederal GovernmentEconomyArtificial IntelligenceLegalTrade Outbound Investment Security ProgramU.S. Department of the TreasuryAmidi, LLCNoematrixScott BessentChristopher PilkertonUS Treasury

• Treasury Expands Do Not Pay to 99% of Federal Programs, Verifies $3.7 Trillion in Payments

  6 Oct 2026 9:58 a.m. · Source: US Treasury

  Treasury reports FY2026 fraud prevention gains: Do Not Pay access jumped from 4% to 99% of federal programs, 2.3 billion records screened, and $175 million in payments to deceased individuals returned.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyBankingLegal U.S. Department of the TreasuryDo Not Payimproper paymentsScott BessentExecutive Order 14249Bureau of the Fiscal Servicepayment verificationUS Treasury

• Treasury Secretary Bessent to Speak at Pennsylvania Chamber Annual Dinner

  5 Oct 2026 8:46 p.m. · Source: US Treasury

  U.S. Treasury Secretary Scott Bessent will take part in a fireside chat with Pennsylvania Chamber president and CEO Luke Bernstein at the group's 42nd annual dinner.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyEmployment and Labor Scott BessentU.S. Department of the TreasuryPennsylvania Chamber of Business and IndustryLuke BernsteinPennsylvania Chamber Annual DinnerFireside ChatWashington, D.C.US Treasury

• Bessent Holds Trump Accounts Press Conference With Pennsylvania Lawmakers

  5 Oct 2026 4:12 p.m. · Source: US Treasury

  Treasury Secretary Scott Bessent joins Pennsylvania lawmakers for a 4 PM ET press conference on what automatic enrollment in Trump Accounts means for Pennsylvania families.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyBanking Scott BessentTrump AccountsU.S. Department of the TreasuryPennsylvaniaautomatic enrollmentpress conferenceUS Treasury

• US-Ukraine Fund Approves Energy and Critical Minerals Investments

  2 Oct 2026 3:37 p.m. · Source: US Treasury

  The U.S.-Ukraine Reconstruction Investment Fund approved new deals in critical minerals, combined heat and power, and battery storage, deepening the economic partnership between Washington and Kyiv.

  BusinessPolitics and GovernmentUkraineUSAEconomyEnergyTradeFederal Government URIFScott BessentCritical MineralsEnergy SecurityDTEKBGV Group ManagementUS Treasury

• Treasury Sanctions Hamas Financiers Over $2 Million Sham Charity Scheme

  2 Oct 2026 11:46 a.m. · Source: US Treasury

  OFAC designates a Hamas Al-Qassam Brigades member and two France-based individuals accused of funneling more than $2 million to Hamas through fake charities and cryptocurrency.

  Politics and GovernmentConflictLaw EnforcementUSAFranceFederal GovernmentBankingMilitaryLegalMiddle East HamasOFACTreasury sanctionsScott BessentAl-Qassam BrigadesCryptocurrencyTerrorism financingUS Treasury

• Treasury Applauds 2026 Update to U.S. National Strategy for Financial Literacy

  2 Oct 2026 10:56 a.m. · Source: US Treasury

  FLEC releases its 2026 financial literacy strategy, setting four priority areas including youth financial capability, saving and investing, digital literacy, and scams and fraud education.

  Politics and GovernmentBusinessFederal GovernmentEconomyEducationFinancial Markets Financial Literacy and Education CommissionU.S. Department of the TreasuryScott BessentNational Strategy for Financial LiteracyTrump AccountsFinancial LiteracyFinancial EducationUS Treasury

• Bessent Meets Iraqi Foreign Minister Hussein, Presses al-Zaidi Reforms

  1 Oct 2026 7:16 p.m. · Source: US Treasury

  Treasury Secretary Scott Bessent met Iraqi Foreign Minister Fuad Hussein in Washington to discuss Prime Minister Ali al-Zaidi's reforms, Iranian terror, militias and Shiite pilgrimages.

  Politics and GovernmentWorldUSAIraqFederal GovernmentMiddle EastMilitaryGeneral Politics Scott BessentFuad HusseinAli al-ZaidiOperation Economic OutcastNajafIranUS Treasury

• Treasury's Operation Economic Outcast Hits Iran's Auto, Rail and Steel Networks

  1 Oct 2026 1:07 p.m. · Source: US Treasury

  Treasury sanctions Iran's largest automakers, rail operators and steel networks, plus foreign suppliers in Indonesia, UAE, Turkiye, Hong Kong and Germany, under Operation Economic Outcast.

  Politics and GovernmentBusinessWorldLaw EnforcementFederal GovernmentEconomyTradeMiddle EastMilitaryLegal Operation Economic OutcastIran sanctionsU.S. Department of the TreasuryOFACIslamic Revolutionary Guard CorpsIranian automotive industryScott BessentUS Treasury

• Treasury Sanctions A7 Network, a Russian-Tied Shadow Banking Web Used by Iran to Evade Sanctions

  1 Oct 2026 1:06 p.m. · Source: US Treasury

  FinCEN proposes rule barring fund transmittals tied to A7 Network Sub-Agents and issues an alert, while OFAC designates the network a significant transnational criminal organization.

  Politics and GovernmentBusinessLaw EnforcementUSAIranRussiaFederal GovernmentBankingFinancial MarketsLegalMilitaryMiddle East A7 NetworkU.S. Department of the TreasuryFinCENOFACIran sanctions evasionOperation Economic OutcastScott BessentUS Treasury

• Treasury Completes Automatic Enrollment for Trump Accounts, Opening Path for 60 Million More Children

  1 Oct 2026 11:36 a.m. · Source: US Treasury

  Treasury says automatic enrollment for Trump Accounts is complete, giving every eligible child under 18 with a Social Security number an account that parents must claim to unlock a $1,000 seed contribution.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyBankingSocial Issues Trump AccountsU.S. Department of the TreasuryScott Bessentautomatic enrollmenttax-advantaged investment accountsSocial Security numberphilanthropic contributionsUS Treasury

• Treasury and IRS Propose Rules for First Federal School Choice Tax Credit

  1 Oct 2026 10:21 a.m.

  Treasury and IRS issue proposed regulations for the Education Freedom Tax Credit, offering up to $3,400 per married couple for K-12 scholarship contributions starting January 1, 2027.

  Politics and GovernmentBusinessUSAFederal GovernmentWhite HouseEducationLegalEconomy Education Freedom Tax CreditInternal Revenue ServiceU.S. Department of the TreasuryScholarship Granting Organizationsschool choicesection 25FScott Bessent

• Treasury and IRS Propose Rules for First Federal School Choice Tax Credit

  1 Oct 2026 10:19 a.m.

  Treasury and IRS issue proposed regulations for the Education Freedom Tax Credit, offering up to $3,400 for married couples and launching America's first nationwide school choice program in 2027.

  Politics and GovernmentBusinessUSAFederal GovernmentWhite HouseEducationLegalEconomy Education Freedom Tax CreditFederal Scholarship Tax Creditsection 25FScholarship Granting Organizationsschool choiceInternal Revenue ServiceScott Bessent

• Treasury and IRS Issue Proposed Rules for First Nationwide School Choice Tax Credit

  1 Oct 2026 9:18 a.m. · Source: US Treasury

  Treasury and IRS propose regulations for the Education Freedom Tax Credit, offering up to $3,400 per couple for K-12 scholarship contributions starting January 1, 2027.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyEducationLegal Education Freedom Tax CreditU.S. Department of the TreasuryInternal Revenue Serviceschool choiceScholarship Granting OrganizationsScott BessentLinda McMahonUS Treasury

• Treasury Sanctions Tren de Aragua ATM Jackpotting Network After Millions Stolen From U.S. Banks

  30 Sep 2026 10:43 a.m. · Source: US Treasury

  OFAC designated 10 targets tied to a Tren de Aragua ATM jackpotting scheme that has stolen millions from U.S. financial institutions, including a fugitive on the FBI's Ten Most Wanted list.

  Politics and GovernmentLaw EnforcementBusinessUSAVenezuelaMexicoFederal GovernmentBankingLegalFinancial MarketsComputers and Internet Tren de AraguaOFACATM jackpottingU.S. Department of the TreasuryScott BessentAnibal Alexander Canelon AguirresanctionsUS Treasury

• Financial Stability Oversight Council Meets on Q3 Monitoring, Household Resilience and Regulatory Reform

  29 Sep 2026 4:31 p.m. · Source: US Treasury

  Treasury Secretary Scott Bessent convened the Financial Stability Oversight Council, which heard updates on third-quarter financial stability, household resilience and banking supervision reform, and approved a $9.3 million FY2027 budget.

  Politics and GovernmentBusinessUSAFederal GovernmentEconomyBankingFinancial MarketsLegal Financial Stability Oversight CouncilScott BessentU.S. Department of the Treasuryfinancial stabilitybanking supervisionhousehold resiliencefraudUS Treasury

• Treasury Sanctions Nearly 50 Sinaloa Cartel Targets, Including New Los Mayos Leader "Mayito Flaco"

  29 Sep 2026 1:36 p.m. · Source: US Treasury

  OFAC designated 21 individuals and 25 entities tied to the Sinaloa Cartel, targeting Los Mayos leader Ismael Zambada Sicairos, Tijuana plaza bosses and corrupt Baja California officials.

  Politics and GovernmentLaw EnforcementBusinessUSAMexicoFederal GovernmentLegalFinancial MarketsSocial IssuesLatin America Sinaloa CartelOFACMayito FlacoTreasury sanctionsBaja CaliforniaScott BessentLos MayosUS Treasury

• Treasury Sanctions 10 Targets Over Iran Weapons Procurement Under Operation Economic Outcast

  29 Sep 2026 1:10 p.m. · Source: US Treasury

  OFAC sanctions 10 individuals and entities across China, Hong Kong, Pakistan, Saudi Arabia and Türkiye for procuring weapons and components for Iran's MODAFL under Operation Economic Outcast.

  Politics and GovernmentBusinessConflictLaw EnforcementFederal GovernmentMilitaryTradeMiddle EastAsiaLegal Operation Economic OutcastOFACMODAFLIran sanctionsScott BessentExecutive Order 13382weapons procurementUS Treasury

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