Eligible newborns in foster care can participate in “Trump Accounts.” First Lady Melania Trump announced the launch of Fostering the Future Accounts this week alongside Treasury Secretary Scott…
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OMB Reviews and Updates Grant Distribution Practices
The White House effort focuses on grant oversight, funding procedures, and federal award compliance measures. The Office of Management and Budget (OMB) is updating a rule for grant…
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Treasury Launches Mobile App for Child Investment Account Program
Families can start activating Trump Accounts before the July rollout and the first round of federal pilot deposits. The U.S. Department of the Treasury announced the nationwide release…
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President Trump Signs Executive Order on AI
The order requests that AI companies voluntarily submit their newest models to the government for testing up to 30 days before their release. President Donald Trump signed an…
Read MoreWhite House Directs Banking Industry to Review Financial Risks Linked to Immigration Status
President Trump instructs agencies to assess fraud, lending, and compliance risks involving customer identification, and financial activity. President Donald Trump issued an executive order last week directing the…
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Treasury Secretary Extends Waiver on Russian Sanctions
The waiver allowing the sale of Russian oil has been extended for another 30 days, and is expected to generate about $150 million per day. U.S. Treasury Secretary…
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Administration Expands Sanctions Against Supporters of Iran
Secretary Rubio discusses targeted individuals and entities, including those in Iraq, the UAE, and China. Secretary of State Marco Rubio announced that the U.S. is expanding sanctions against…
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Treasury Hosts Academic Summit on AI, Energy, and Emerging Technologies
Secretary Bessent said that “student engagement is critical” to shaping the future of technology. The Department of the Treasury hosted Liberty University students and faculty for a Summit…
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Treasury Launches Cybersecurity Information Sharing Initiative for Digital Asset Industry
Digital asset firms are being allowed access to information shared with financial institutions to increase security. The Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection…
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Treasury Proposes Rules for CDFI Fund Eligibility and Compliance
Proposed changes address benefit eligibility standards and anti-discrimination requirements for certified institutions The U.S. Department of the Treasury announced plans to issue proposed rules concerning how certain Community…
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