The action would implement President Trump’s executive order restricting large institutional investors from purchasing single-family homes. The Department of the Treasury issued proposed regulations last month to implement…
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President Trump Expands Access to Tax-Free Dyed Diesel
The order will run through the end of the year to support farmers and truckers. President Donald Trump signed an executive order in Nebraska on Monday that temporarily…
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Treasury and IRS Propose Regulations for Federal Scholarship Tax Credit
The department stated that the proposal would expand educational freedom, restore parental rights, return power to states, and put American students first. The Department of the Treasury and…
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U.S. Cuts Off Hamas’ Financing Network
State and Treasury Departments announce designations and sanctions against individuals and entities supporting the terrorist group. The Departments of State and the Treasury announced that the Office of Foreign…
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U.S. Imposes Sanctions on Russia’s VTB
The financial institution was assisting Iran in evading sanctions. The Departments of State and Treasury announced that the Office of Foreign Assets Control (OFAC) placed sanctions on Russia’s VTB Bank…
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FinCEN Identifies $17 Billion in Healthcare Fraud
Secretary Bessent said, “Treasury will continue working alongside our law enforcement partners to disrupt fraud wherever it occurs, protect Americans, and safeguard the integrity of taxpayer-funded programs.” The…
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Treasury Grounds Iranian Airlines with Sanctions
Secretary Bessent said anyone doing business with Iranian airlines risks being cut off from the global financial system. The U.S. Department of the Treasury’s Office of Foreign Assets…
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U.S. Mint Releases Semiquincentennial “Never Forget“ Half Dollar
The special “Enduring Liberty” coin commemorates September 11, 2001. The U.S. Mint opened orders for the semiquincentennial half dollar to the public the day before Patriot Day. The…
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Treasury Secretary Urges Banks to Safeguard U.S. Financial System
Banks are encouraged to help fight fraud perpetrated by illegal immigration in the U.S. Treasury Secretary Scott Bessent is implementing President Trump’s executive order regarding the role of banks in enforcing…
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OFAC Sanctions Iranian Financier and Shadow Exchange Houses
The Treasury Department reported that “the ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior.” The Department of the Treasury’s…
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