Tag: scott_bessent
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Treasury Welcomes Revised GloBE Information Return, Implementing Trump's Day One Executive Order
Treasury welcomes the revised GloBE Information Return, saying it implements President Trump's Day One executive order and shields U.S.-headquartered companies from overlapping foreign minimum taxes.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyTradeLegal U.S. Department of the TreasuryGloBE Information ReturnScott BessentOECD Pillar Twoside-by-side safe harborinternational taxDonald Trump executive orderUS Treasury
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U.S. Mint Unveils 9/11 25th Anniversary Half Dollar
The U.S. Mint announced a 2026 Semiquincentennial Enduring Liberty Half Dollar marking 25 years since September 11, featuring a "NEVER FORGET" privy mark and now open for pre-sale.
Politics and GovernmentBusinessUSAFederal GovernmentFinancial MarketsSocial Issues United States MintSeptember 11 attacksScott BessentU.S. Department of the TreasurySemiquincentennial Enduring Liberty Half DollarCommemorative coinCoin pre-saleUS Treasury
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OCC Raises Asset Threshold to $6 Billion, Extending Exam Cycle for About 50 More Community Banks
The OCC published an interim final rule raising the asset threshold to $6 billion under the 21st Century ROAD to Housing Act, making roughly 50 more institutions eligible for an 18-month exam cycle.
BusinessPolitics and GovernmentUSABankingFederal GovernmentEconomyLegal Office of the Comptroller of the Currency21st Century ROAD to Housing ActJonathan V. Gouldcommunity banksexamination cyclebank regulationScott BessentOffice of the Comptroller of the Currency (OCC)
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Treasury Uncovers $17.5 Billion in Suspected Health Care Fraud
FinCEN identified $17.5 billion in suspicious health care fraud activity, detailed in a new report. The Treasury, under the Trump Administration, is committed to disrupting these schemes, protecting taxpayers, and safeguarding federal health care programs through financial intelligence and whistleblower…
Politics and GovernmentHealthBusinessLaw EnforcementFederal GovernmentEconomyLegalWhite HouseBanking Health Care FraudFinancial Crimes Enforcement Network (FinCEN)U.S. Department of the TreasuryBank Secrecy Act (BSA)Trump AdministrationScott BessentWhistleblowersUS Treasury
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Treasury Secretary Scott Bessent Engages in Fireside Chat at SMU Cox School of Business
U.S. Treasury Secretary Scott Bessent is participating in a fireside chat at the SMU Cox School of Business in Dallas, Texas, starting at 4 PM CT, to discuss economic and financial matters.
Politics and GovernmentBusinessFederal GovernmentEconomyEducation Scott BessentU.S. TreasurySMU Cox School of BusinessDallasFireside ChatFinanceUS Treasury
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US Treasury Secretary Bessent Meets Bank of Japan Governor Ueda on Yen Undervaluation
US Treasury Secretary Scott Bessent met with Bank of Japan Governor Kazuo Ueda at the G20 in Asheville, North Carolina, to discuss macroeconomic priorities, monetary policy, and the yen's undervaluation.
Politics and GovernmentBusinessFederal GovernmentEconomyBankingFinancial Markets Scott BessentKazuo UedaUS TreasuryBank of JapanG20AshevilleYenMonetary Policy
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Secretary Bessent to Participate in G20 Finance Sessions
U.S. Treasury Secretary Scott Bessent is participating in the G20 Finance Ministers and Central Bank Governors Plenary Sessions in Asheville, North Carolina, livestreamed on X, discussing economic developments, growth, and banking.
Politics and GovernmentBusinessWorldMediaGeneral PoliticsFederal GovernmentEconomyFinancial MarketsEducation Scott BessentG20U.S. Department of the TreasuryAshevilleFinance MinistersCentral Bank GovernorsEconomic PolicyUS Treasury
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US Treasury Launches 'Operation Economic Outcast' Against Iran
The US Treasury has initiated 'Operation Economic Outcast,' an unprecedented campaign to sever Iran's global economic lifelines. Secretary Scott Bessent announced new sanctions targeting key sectors and entities, demanding international cooperation to isolate the regime.
Politics and GovernmentBusinessConflictWorldGeneral PoliticsFederal GovernmentEconomyTradeMiddle EastMilitary TreasuryIranOperation Economic OutcastSanctionsScott BessentNuclear WeaponsUS Treasury
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Treasury Secretary Bessent Holds Press Conference
U.S. Treasury Secretary Scott Bessent is holding a press conference today, August 24, 2026, at 1 PM EDT in Washington, D.C., to address current financial matters.
Politics and GovernmentBusinessMediaFederal GovernmentEconomyFinancial Markets Scott BessentU.S. TreasuryPress ConferenceWashington D.C.GovernmentBusiness and FinancePublic AffairsUS Treasury
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Treasury Proposes Low-Cost Investment Rules for Trump Accounts
The U.S. Treasury has proposed new guidance for Trump Accounts, emphasizing low-cost, diversified investments to maximize children's long-term savings by limiting fees and complex strategies, with SPYM as the default.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsGeneral Politics US TreasuryTrump AccountsInvestment RulesScott BessentFrank BisignanoETFsFinancial Planning
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Asheville to Host G20 Finance Ministerial Focused on Economic Growth
Treasury Secretary Scott Bessent will host global finance ministers and CEOs in Asheville, N.C., for the G20 Finance Ministerial from Aug. 29 to Sept. 1, emphasizing economic growth and President Trump's agenda over climate change.
Politics and GovernmentBusinessWorldMediaGeneral PoliticsFederal GovernmentEconomyFinancial Markets Scott BessentG20 Finance MinisterialAshevilleNorth CarolinaEconomic GrowthDonald TrumpCEOsUS Treasury
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Treasury Seeks Public Comment on GENIUS Act Stablecoin Regulations
The U.S. Treasury has issued a Notice of Proposed Rulemaking for the GENIUS Act, seeking public comment on new regulations for payment stablecoins. This aims to provide clarity for licensing and market access, fostering innovation and cementing the U.S. dollar's…
Politics and GovernmentBusinessScience & TechnologyGeneral PoliticsFederal GovernmentEconomyFinancial MarketsComputers and Internet US Department of the TreasuryGENIUS ActPayment StablecoinsProposed RulemakingScott BessentDigital AssetsCryptocurrency RegulationUS Treasury
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US Treasury to Host G20 Finance Ministerial in Asheville
Secretary Scott Bessent will host the G20 Finance Ministerial in Asheville, North Carolina, from August 29 to September 1, 2026. Global finance leaders will convene to advance discussions on key economic priorities, with media credentialing open until August 24th.
Politics and GovernmentBusinessWorldFederal GovernmentEconomyGeneral Politics Scott BessentG20 Finance MinisterialAshevilleNorth CarolinaUS Department of the TreasuryGlobal EconomyFinance MinistersUS Treasury
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Treasury Secretary Bessent Touts Economic Growth in Iowa
Treasury Secretary Scott Bessent visited Iowa, highlighting President Trump's economic agenda. He toured manufacturing facilities and met bankers, emphasizing how Working Families Tax Cuts and regulatory reforms are boosting jobs, investment, and supporting Main Street businesses and families.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingEmployment and LaborLegal Scott BessentIowaWorking Families Tax CutsManufacturingSmall BusinessRegulatory ReformTrump AccountsUS Treasury
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FinCEN Permanently Ends Beneficial Ownership Reporting for U.S. Businesses
FinCEN permanently ends beneficial ownership reporting for U.S. companies and persons, deleting past data. Treasury Secretary Scott Bessent hails it as a victory for small businesses, fulfilling President Trump's promise to cut red tape.
Politics and GovernmentBusinessFederal GovernmentEconomyGeneral Politics FinCENBeneficial Ownership ReportingSmall BusinessU.S. Department of the TreasuryCorporate Transparency ActScott BessentGovernment PolicyUS Treasury
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Joint Base Charleston Renamed to Honor Senator Lindsey Graham
Joint Base Charleston is now Joint Base Lindsey Graham, honoring the former senator's three decades of service. Secretary Scott Bessent spoke at the ceremony, celebrating Graham's commitment to national defense and his South Carolina roots.
Politics and GovernmentConflictFederal GovernmentMilitaryGeneral PoliticsState Governments Lindsey GrahamJoint Base Lindsey GrahamScott BessentSouth CarolinaMilitary BasesCeremoniesNational SecurityUS Treasury
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Treasury Welcomes S&P Global's New Critical Mineral Reference Prices
The U.S. Treasury welcomed S&P Global's new critical mineral reference prices, enhancing market transparency for Gallium, Germanium, Tungsten, Antimony, Neodymium, and Praseodymium. This initiative aims to boost investment, strengthen supply chains, and support the Trump Administration's economic and national security…
Politics and GovernmentBusinessWorldFederal GovernmentEconomyTradeGeneral Politics US Department of the TreasuryS&P GlobalCritical MineralsMarket TransparencySupply ChainsScott BessentTrump AdministrationUS Treasury
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Trump Administration Highlights Community Bank Support and Financial Security Efforts
Treasury Secretary Scott Bessent and Comptroller Jonathan Gould discussed the Trump Administration's initiatives to ease regulatory burdens on community banks, boost Main Street economic growth, and protect the financial system from illicit activities in Arizona.
Politics and GovernmentBusinessLaw EnforcementGeneral PoliticsFederal GovernmentEconomyBankingLegalSocial Issues Scott BessentJonathan V. GouldTrump AdministrationCommunity BanksRegulatory ReliefEconomic GrowthFinancial SystemOffice of the Comptroller of the Currency (OCC)
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Treasury Secretary Bessent Calls on Arizona Bankers to Bolster National Security Against Illicit Finance
Treasury Secretary Scott Bessent urged Arizona bankers to combat illicit finance linked to border issues, emphasizing their vital role in national security and economic growth. He also criticized past regulations for weakening community banks.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingSocial Issues Scott BessentArizonaCommunity BanksFinancial CrimesNational SecurityDodd-FrankUS Treasury
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Treasury Secretary Bessent to Discuss Economic Agenda and Financial Integrity with Arizona Bankers
Secretary Bessent and Comptroller Gould will meet Arizona bankers to discuss Trump's economic agenda, regulatory relief, and financial system integrity, including measures against illicit activity and credit risks from non-work authorized illegal aliens.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingEmployment and LaborLegal Scott BessentJonathan GouldPhoenix, ArizonaCommunity BankingFinancial RegulationTrump AdministrationEconomic PolicyUS Treasury
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Treasury Secretary Bessent to Address Arizona Bankers on Economic Agenda and Financial Integrity
Secretary Scott Bessent and Comptroller Jonathan Gould will meet with Arizona community bankers to discuss the Trump Administration's economic agenda, regulatory relief, and measures to strengthen financial system integrity, including addressing risks from illegal aliens.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyBankingSocial Issues Scott BessentJonathan GouldUS TreasuryPhoenixArizonaCommunity BankingFinancial Regulation
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Treasury Secretary Bessent, Speaker Johnson to Visit Arizona for Economic Discussions
U.S. Treasury Secretary Scott Bessent, Speaker Mike Johnson, and Congressman Juan Ciscomani will visit Casa Grande, Arizona, for a manufacturing tour and economic roundtable, highlighting the Trump Administration's pro-growth policies and tax cuts.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsCongressEmployment and Labor Scott BessentMike JohnsonJuan CiscomaniArizonaManufacturingEconomic PolicyTrump AdministrationUS Treasury
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Treasury and IRS Issue Guidance on Expanded Paid Family and Medical Leave Tax Credit
The Treasury and IRS released guidance on the Working Families Tax Cuts, permanently expanding the employer tax credit for paid family and medical leave. This offers businesses, especially small ones, enhanced incentives to provide up to 12 weeks of paid…
Politics and GovernmentBusinessHealthUSAFederal GovernmentEconomyEmployment and LaborLegalSocial Issues Paid Family and Medical LeaveTax CreditWorking Families Tax CutsIRSTreasury DepartmentScott BessentFrank J. Bisignano
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Treasury Secretary Bessent to Visit Arizona for Economic and Financial System Discussions
Secretary Scott Bessent will travel to Arizona to discuss the Trump Administration's pro-growth economic agenda, including tax cuts and efforts to strengthen the financial system, meeting with manufacturers and community bankers.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyBankingSocial Issues Scott BessentArizonaEconomic PolicyFinancial SystemManufacturingCommunity BankingTrump AdministrationUS Treasury
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US Treasury to Host G20 Finance Ministerial in Asheville, NC
Secretary Scott Bessent will host the G20 Finance Ministerial in Asheville, North Carolina, bringing together global finance leaders. Media credentialing is now open for the late August to early September 2026 event.
Politics and GovernmentBusinessWorldFederal GovernmentEconomyBankingFinancial MarketsGeneral PoliticsMedia G20Finance MinisterialAshevilleNorth CarolinaScott BessentUS TreasuryGlobal Economy
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Treasury Unveils Redesigned CFIUS Website to Streamline Foreign Investment Reviews
The U.S. Treasury launched a redesigned CFIUS website, CFIUS.gov, featuring a pre-filing portal, risk matrix, and process guidance. This aims to modernize information access and streamline foreign investment reviews, enhancing national security and economic engagement.
Politics and GovernmentBusinessFederal GovernmentEconomyTradeComputers and Internet US Department of the TreasuryCFIUSForeign InvestmentNational SecurityScott BessentChris PilkertonGovernmentUS Treasury
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Treasury Secretary Bessent Hails "Historic" Launch of Trump Accounts, Citing 7 Million Enrollments
U.S. Treasury Secretary Scott Bessent announced the successful launch of Trump Accounts, enrolling 7 million children. The program provides seed investments and aims to boost financial literacy and an "ownership economy" for American youth.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsEducationArtificial Intelligence Scott BessentTrump AccountsFinancial LiteracyU.S. TreasuryInvestment AccountsDigital Financial LiteracyOwnership EconomyUS Treasury
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Treasury Removes 84 from Sanctions List in Modernization Push
The U.S. Treasury's OFAC removed 84 individuals and entities from its sanctions list, updating 22 entries and resolving 18 duplicates. This is the second phase of a modernization effort to ensure sanctions are targeted and effective, supported by a new…
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentGeneral PoliticsEconomyLegalFinancial Markets U.S. Department of the TreasuryOFACSanctionsModernizationScott BessentTrump AdministrationReconsideration PortalUS Treasury
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Treasury to Host FLEC Meeting on Digital Financial Literacy
The U.S. Treasury will host a public meeting of the Financial Literacy and Education Commission (FLEC) on July 27, 2026. Chaired by Secretary Scott Bessent, the meeting will focus on advancing digital financial literacy and education.
Politics and GovernmentBusinessFederal GovernmentEconomyEducation U.S. TreasuryFinancial Literacy and Education CommissionScott BessentDigital Financial LiteracyFinancial EducationWashington D.C.Public MeetingUS Treasury
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FinCEN Alerts Financial Institutions to Federal Student Aid Fraud Schemes
FinCEN has issued an alert to financial institutions regarding widespread fraud targeting federal student aid. The alert details schemes involving 'ghost students' and 'straw students' and urges vigilance to detect and report suspicious activity.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentEconomyEducationLegalArtificial Intelligence FinCENFederal Student AidFraud SchemesFinancial CrimeGovernment Benefits FraudU.S. TreasuryScott BessentUS Treasury