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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Treasury’s Operation Economic Outcast Targets A7 Sanctions Evasion Network
The shadow banking network that has ties to Russia has been used by the Islamic Republic to evade sanctions. The Department of the Treasury has taken action this…
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Treasury and IRS Move to Protect Health Care Benefits for Eligible Americans
New regulations to the Premium Tax Credit seek to eliminate fraudulent claims. The U.S. Department of the Treasury and the Internal Revenue Service (IRS) proposed new regulations to…
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Treasury Department Imposes Penalties on Bank of America for Processing Sanctions Evasions and Money Laundering
The fine is the third-largest in U.S. history. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced penalties of over $1.21 billion against Bank of America for violating…
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IRS Adds Citizenship Certification to 2026 Tax Forms for Tax Credits
Under federal law, noncitizens are not eligible for tax credits. The U.S. Internal Revenue Service (IRS) released a draft of the 2026 Form 1040 that, for the first…
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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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Operation Economic Outcast Targets Iran’s Industrial Infrastructure
New sanctions have been issued to target Iranian automotive and railway industries. The U.S. Department of the Treasury announced new sanctions targeting Iranian rail and automotive conglomerates under…
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Treasury Department Announces Completion of Auto Enrollment in Trump Accounts
Secretary Bessent said this is part of the administration’s “effort to give every American child the opportunity to build generational wealth and jump-start their financial future.” The Treasury…
Read MoreTreasury Secretary Provides Update on Operation Economic Outcast
He projected that the Iranian regime will make its final oil delivery to China within two weeks. Treasury Secretary Scott Bessent stated that his department’s Operation Economic Outcast…
Read MoreU.S. Extends Sanctions on Iranian Airlines to Supporters
President Trump says he’s in “deciding mode” on next steps regarding the Islamic Republic. U.S. Treasury Secretary Scott Bessent announced additional sanctions against Iran’s commercial airlines and those…
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