The bill was passed by the House in the summer of 2025. Treasury Secretary Scott Bessent is encouraging the U.S. Senate to pass the CLARITY Act. The legislation,…
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Treasury and IRS Announce Tax Filing Relief for DHS Personnel
The federal agencies seek to support “DHS employees and their families unfairly impacted by ongoing shutdown.“ The Department of the Treasury and the Internal Revenue Service (IRS) have…
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Treasury Launches AI Innovation Series for Financial System Oversight
The initiative brings regulators and industry together to examine artificial intelligence in financial services. The Financial Stability Oversight Council (FSOC) and the Treasury Department’s Artificial Intelligence Transformation Office…
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Treasury Secretary Takes More Steps to Address Fraud Against Federal Healthcare Programs
FinCEN also issued an advisory for financial institutions after launching a whistleblower website. Treasury Secretary Scott Bessent announced that financial institutions are being encouraged to alert Financial Crimes…
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Massachusetts Man Pleads Guilty After Plot to Assassinate Cabinet Members
The man had turned himself in to U.S. Capitol Police in early 2025. A man from Massachusetts who entered the U.S. Capitol armed with concealed weapons and explosives…
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Education and Treasury Departments Partner to Manage Federal Student Aid Portfolio
The Treasury will assist with collections and repayment efforts for the $1.7 trillion federal student aid system. The U.S. Departments of Education and the Treasury announced a Federal…
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Treasury Secretary Meets with China’s Vice Premier in France
Secretary Bessent and U.S. Trade Representative Greer are holding economic discussions ahead of President Trump’s visit to China. U.S. Treasury Secretary Scott Bessent is meeting with Vice Premier He…
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U.S. Imposes Visa Restrictions and Sanctions for Rwandan Violations of Peace Accords
Measures target Rwandan military officials and entities accused of supporting the armed group M23. The U.S. Department of State announced visa restrictions on several senior Rwandan officials in…
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Treasury Announces Initiative to Strengthen Cybersecurity and Risk Management for AI
Industry leaders and government officials will collaborate in a new AI oversight group. The Department of the Treasury announced the Artificial Intelligence Executive Oversight Group (AIEOG), part of…
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Supreme Court Rules Against President Trump’s Tariffs
The majority determined that declaring an economic emergency did not include the power to impose the tariffs. The U.S. Supreme Court issued a decision on Friday that determined…
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