DOCSLIB.ORG

Presentation Center

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Trump Administration Tracker: Department of the Treasury September 28, 2017 Department of the Treasury Organizational chart *Boxes corresponding to divisions, rather than Inspector General positions, refer to the head of said division Office of the Secretary of the Treasury Treasury Inspector General Office of the Chief of Staff for Tax Administration Deputy Secretary of the Treasury Special Inspector General, Not yet nominated Nominated Confirmed Troubled Asset Relief Program Not yet appointed Appointed Withdrew Office of International Office of Terrorism and Office of the Treasurer Office of Domestic Finance Affairs Financial Intelligence Office of Office of Office of Office of Financial Financial International Intelligence Institutions Markets Finance and Analysis Office of Office of Terrorist Office of Office of Fiscal Financial Financing and Intelligence Financial Crimes Service Stability and Analysis Office of Office of General Office of Office of Office of Tax Chief Risk Economic Legislative Counsel Management Public Affairs Policy Officer Policy Affairs Sources: Department of the Treasury; National Journal Research 1 Department of the Treasury Nomination tracker Position Obama Administration Trump Administration Status Secretary of the Treasury Jack Lew Steven Mnuchin Nominated (11/29/16) (Confirmed 2/28/13) Confirmed (2/13/17) Deputy Secretary of the Treasury Sarah Raskin James Donovan Nominated (3/15/17) (Confirmed 3/19/14) (Withdrew 5/19/17) Nominated (6/12/17) Brian Brooks Office of the Treasurer Rosa Rios N/A Nominated (N/A) (Confirmed 8/6/09) Confirmed (N/A) Office of Domestic Finance Mary Miller N/A Nominated (N/A) (Confirmed 2/26/10) Confirmed (N/A) Office of International Affairs Nathan Sheets David Malpass Nominated (3/14/17) (Confirmed 9/18/14) Confirmed (8/3/17) Office of Terrorism and Financial Daniel Glasser Sigel Mandelker Nominated (3/15/17) Intelligence (Confirmed 5/27/11) Confirmed (6/21/17) General Counsel Priya Aiyay Brent McIntosh Nominated (3/15/17) (Confirmed 10/2/15) Confirmed (8/3/17) Assistant Secretary for Legislative Affairs Anne Wall Drew Maloney Nominated (3/15/17) (Confirmed 2/24/15) Confirmed (8/3/17) Sources: Department of the Treasury; National Journal Research 2 Department of the Treasury Nomination tracker Position Obama Administration Trump Administration Status Assistant Secretary for International Finance Ramin Toloui Adam Lerrick Nominated (3/15/17) (Confirmed 11/20/14) Confirmed (N/A) Assistant Secretary for International Adewale Adeyemo Heath P. Tarbert Nominated (4/4/17) Markets and Development (Confirmed N/A) Confirmed (9/27/17) Assistant Secretary for Terrorist Financing Daniel Glasser Marshall Billingslea Nominated (4/11/17) (Confirmed 5/27/11) Confirmed (6/22/17) Assistant Secretary for Tax Policy Mark Mazur David Kautter Nominated (5/10/17) (Confirmed 8/3/12) Confirmed (8/3/17) Assistant Secretary for Financial Markets Assistant Secretary for Financial Stability Assistant Secretary for Intelligence and S. Leslie Ireland Isabel Patelunas Nominated (6/13/17) Analysis (Confirmed 7/1/10) Assistant Secretary for Economic Policy Sources: Department of the Treasury; National Journal Research 3 Department of the Treasury Nomination tracker Position Obama Administration Trump Administration Status Director of the US Mint Comptroller of the Currency Thomas Curry Joseph Otting Nominated (6/6/17) (Confirmed 4/9/12) Confirmed (N/A) Chief Counsel of the Internal Revenue Service Assistant Secretary for Financial Institutions Cyrus Amir-Mokri Christopher Campbell Nominated (6/29/17) (Confirmed 11/1/11) Confirmed (8/3/17) Sources: Department of the Treasury; National Journal Research 4 Department of the Treasury Key decision-makers: Secretary of the Treasury Steven Mnuchin Position: Secretary of the Treasury Resize photo & Biography align here: Mnuchin has been heavily involved in the finance sector for many years. For the first 17 years 2” x 2.45” of his finance career, he worked at Goldman Sachs, where he became a partner and eventually served as CIO. After working at Goldman Sachs, Mnuchin moved out west where he created his own hedge fund, Dune Capital Management LP. He has been a major donor to both Republican and Democratic campaigns over the years. Steve Mnuchin joined the Trump campaign as his chief finance chairman in April of last year. Mnuchin is also a financier of major Hollywood hits such as Batman v Superman: Dawn of Justice and The Legend of Tarzan. Date of birth Dec 21, 1962 (Age: 54) Confirmation status Education Yale University, B.A., 1985 Nominated Senate hearing Confirmed Occupation 11/29/17 1/12/17 2/13/17 Finance Chairman, Trump Campaign Sources: National Journal Research, 2017; Department of the Treasury 5 Department of the Treasury Key decision-makers: Under Secretary for International Affairs David Malpass Position: Under Secretary for International Affairs Resize photo & Biography align here: David is the president of Encima Global, an economic research and consulting firm in New 2” x 2.45” York City. Previously, he worked at Bear Stearns as their chief economist until the company was bought by JP Morgan in 2008. He also served in the Reagan and Bush administrations in several key economic positions. In addition to leading Encima Global, he also authors a current events column for Forbes Magazine and regularly writes op-eds for the Wall Street Journal. Date of birth March 8, 1956 (Age: 61) Confirmation status Education Colorado College, B.A Nominated Senate hearing Confirmed Univ. of Denver, M.B.A 3/14/17 3/21/17 8/3/17 Occupation President, Encima Global LLC Sources: National Journal Research, 2017; Department of the Treasury 6 Department of the Treasury Key decision-makers: Under Secretary for Terrorism and Finance Sigal Mandelker Position: Under Secretary for Terrorism and Finance Resize photo & Biography align here: Sigal Mandelker is a member of Proskauer’s Litigation Department and white collar defense 2” x 2.45” group. Prior to joining the firm, she was a deputy assistant attorney general in George W. Bush's Department of Justice from 2006 to 2009. She also clerked with the United States Supreme Court under Justice Clarence Thomas and the U.S. Court of Appeals for Fifth Circuit Judge Edith H Jones. Date of birth Confirmation status Education Univ. of Michigan, B.A, Nominated Senate hearing Confirmed 1993 3/15/17 4/4/17 6/21/17 Univ. of Penn., J.D., 2000 Occupation Partner, Proskauer Rose LLP Sources: National Journal Research, 2017; Department of the Treasury 7 Department of the Treasury Key decision-makers: Assistant Secretary for Legislative Affairs Drew Maloney Position: Assistant Secretary for Legislative Affairs Resize photo & Biography align here: Maloney is the global head and vice president of government and external Affairs for the Hess 2” x 2.45” Corporation. Prior to joining Hess, he was CEO of Ogilvy Government Relations. Maloney has also spent some time on Capitol Hill, serving as the legislative director for former Rep. Tom DeLay (R-TX) and legislative director for then Rep. Roger Wicker (R-MI). He also served as an advisor to Mitt Romney’s 2012 presidential campaign. Date of birth March 30, 1969 (Age 48) Confirmation status Education Randolph-Macon College, Nominated Senate hearing Confirmed B.A., 1991; Catholic 3/15/17 5/10/17 8/3/17 University, J.D. Occupation Vice President, Hess Corporation Sources: National Journal Research, 2017; Department of the Treasury 8 Department of the Treasury Key decision-makers: Assistant Secretary for Terrorist Financing Marshall Billingslea Position: Assistant Secretary for Terrorist Financing Biography Resize photo & Billingslea is the director of Deloitte’s Federal Business Intelligence Services group. Prior to align here: joining Deloitte, Marshall was the deputy under secretary of the Navy, working on a variety of issues ranging from long-range planning to budget development. He was also assistant 2” x 2.45” secretary general of NATO for Defense Investment, chairman of the Conference of National Armament Directors, and chairman of NATO’s CE Board. He has been decorated with the Cross of the Terra Mariana by the president of Estonia, the Knight’s Cross by the president of Poland, and the Order of Merit by the Czech Republic. Date of birth Confirmation status Education Dartmouth College, B.A.; Nominated Senate hearing Confirmed Tufts University, M.A. 4/11/17 5/2/17 6/22/17 Occupation Director, Deloitte Sources: National Journal Research, 2017; Department of the Treasury 9 Department of the Treasury Key decision-makers: General Counsel Brent McIntosh Position: General Counsel Resize photo & Biography align here: McIntosh is a partner at Sullivan & Cromwell and has been the co-head of the firm’s 2” x 2.45” cybersecurity practice since 2011. Prior to joining the firm, he was the deputy assistant to the president and associate counsel under the second Bush administration. He also worked in the Department of Justice as deputy assistant attorney general from 2004 to 2006. In addition, McIntosh was a law clerk for the U.S Court of Appeals for the Second Circuit under the Hon. Dennis Jacobs and the U.S Court of Appeals for the DC Circuit under the Hon. Laurence Silberman. Date of birth Confirmation status Education Univ. of Michigan, B.A, Nominated Senate hearing Confirmed 1996 3/15/17 4/24/17 8/3/17 Yale University, J.D., 1999 Occupation Partner, Sullivan & Cromwell LLP Sources: National Journal Research, 2017; Department of the Treasury 10 Department of the Treasury Key decision-makers: Assistant Secretary for Tax Policy David Kautter Position: Assistant Secretary for Tax Policy Biography Resize photo & Kautter is a partner at RSM US LLP and the managing director of the Kogod Tax Center at align here: American University. Prior to joining RSM, David spent more than two decades at Ernst & Young. At EY, he served as national director of tax methodology development and delivery, 2” x 2.45” national director of human resource services, national director of compensation and benefits tax services and director of national tax.
Recommended publications
  • Biden: Nominations by Both Biden and 3

    Biden: Nominations by Both Biden and 3

    Will the ETHNIC FACTOR in Biden's KEY cabinet members preclude again (as it did with Trump’s KEY cabinet members) bringing home some 70,000 U.S. troops whose deployment for Israel’s security and prosperity in the Middle East cost some $8 trillion and millions of people killed or displaced in that region? Biden's top Jewish picks met well a minyan and a half These disproportionate ethno- Trump: U.S. troops will remain in the Middle East for Israel, political appointments or 1. White House Chief of Staff Ron Klain The Washington Post, 11/28/2018, https://www.jpost.com/Middle-East/Trump-US-troops-will-remain-in-the-Middle-East-for-Israel-572997 2. Secretary of State Antony Blinken Biden: nominations by both Biden and 3. Secretary of the Treasury Janet Yellen “They will Trump in addition to dozens of Iraq Was Invaded 'to Protect Israel' , https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1475-4967.2006.00260.x 4. US Ambassador to Israel Tom Nides tell me what elected Jewish Members of Remember: The "ardent faith" of the war in Iraq was conceived and 5. Secretary of Homeland Security Alejandro Mayorkas I need to Congress can only give a disseminated by a small group of 25 or 30 neoconservatives, almost all of 6. Member of Council of Economic Advisers Jared Bernstein know, not glimpse of the Power of Israel them Jewish, almost all of them intellectuals (a partial list: Richard Perle, Paul 7. Special Presidential Envoy for Climate John Kerry/Cohen what I want in the United States and the Wolfowitz, Douglas Feith, William Kristol, Eliot Abrams, Charles 8.
  • Ways and Means Committee's Request for the Former President's

    Ways and Means Committee's Request for the Former President's

    (Slip Opinion) Ways and Means Committee’s Request for the Former President’s Tax Returns and Related Tax Information Pursuant to 26 U.S.C. § 6103(f )(1) Section 6103(f )(1) of title 26, U.S. Code, vests the congressional tax committees with a broad right to receive tax information from the Department of the Treasury. It embod- ies a long-standing judgment of the political branches that the tax committees are uniquely suited to receive such information. The committees, however, cannot compel the Executive Branch to disclose such information without satisfying the constitutional requirement that the information could serve a legitimate legislative purpose. In assessing whether requested information could serve a legitimate legislative purpose, the Executive Branch must give due weight to Congress’s status as a co-equal branch of government. Like courts, therefore, Executive Branch officials must apply a pre- sumption that Legislative Branch officials act in good faith and in furtherance of legit- imate objectives. When one of the congressional tax committees requests tax information pursuant to section 6103(f )(1), and has invoked facially valid reasons for its request, the Executive Branch should conclude that the request lacks a legitimate legislative purpose only in exceptional circumstances. The Chairman of the House Ways and Means Committee has invoked sufficient reasons for requesting the former President’s tax information. Under section 6103(f )(1), Treasury must furnish the information to the Committee. July 30, 2021 MEMORANDUM OPINION FOR THE ACTING GENERAL COUNSEL DEPARTMENT OF THE TREASURY The Internal Revenue Code requires the Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) to keep tax returns and related information confidential, 26 U.S.C.
  • Chairman Jay Clayton, August 1, 2020 to August 31, 2020

    Chairman Jay Clayton, August 1, 2020 to August 31, 2020

    Chairman Jay Clayton Public Calendar August 1, 2020 to August 31, 2020 Monday, August 3, 2020 10:00 am Meeting with staff 11:00 am Meeting with staff 1:00 pm Phone call with Congressman Chris Stewart 1:30 pm Meeting with staff 3:00 pm Meeting with Commissioner 4:00 pm Meeting with staff 4:30 pm Meeting with staff 5:00 pm Meeting with staff Tuesday, August 4, 2020 9:30 am Meeting with staff 10:00 am Small Business Capital Formation Advisory Committee Meeting 10:30 am Meeting with staff 11:30 am Meeting with staff 1:30 pm Phone call with Stacey Friedman, General Counsel, JPMorgan Chase 2:00 pm Meeting with staff 3:00 pm Financial Stability Board (FSB) Interagency Advisory Group meeting Wednesday, August 5, 2020 8:30 am Interview with Maria Bartiromo, Fox Business News 10:00 am Open Commission Meeting 2:00 pm Closed Commission Meeting 4:00 pm Phone call with Congressman Brad Sherman 4:30 pm Meeting with staff Thursday, August 6, 2020 8:00 am Meeting with U.S. Ambassador to Australia, Arthur B. Culvahouse, Jr. 10:00 am Phone call with Kathleen Casey, Chair, Financial Accounting Foundation (FAF) 10:30 am Phone call with Bill Duhnke, Chairman, Public Company Accounting Oversight Board (PCAOB) 11:30 am Intergovernmental cybersecurity briefing 3:00 pm Phone call with Richard Donoghue, Principal Associate Deputy Attorney General, U.S. Department of Justice 3:15 pm Phone call with Senator John Kennedy 3:30 pm Press call: President’s Working Group on Financial Markets Report 4:00 pm Phone call with Congressman Garret Graves and victims of the Allen
  • Myth of the Paycheck Protection Program

    Myth of the Paycheck Protection Program

    The “Small Business” Myth of the Paycheck Protection Program Thomas W. Joo†* and Alex Wheeler** Congress responded to the pandemic-induced recession with the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. A highly publicized feature of the Act was the Paycheck Protection Program (“PPP”). Congress presented the PPP’s forgivable loans as a lifeline for small businesses reeling from loss of revenue. When initial funding for the program was quickly exhausted, the media, politicians, and the public excoriated large corporations, such as Shake Shack and AutoNation, for having taken millions in PPP loans. This paper argues that despite the universal condemnation, large corporations like these acted consistently with the intent of the PPP. Instead, the real blame falls on Congress for carelessly designing a program without a coherent policy objective. Although politicians characterized the PPP as a rescue program for small business, it was designed to assist a wide range of firms, with no preference for very small, disadvantaged, or economically troubled firms. The PPP was not limited to businesses that lacked other access to capital, and explicitly included hotel and restaurant chains and large franchise networks. Despite its generous terms and wide applicability, the PPP also contained arbitrary and confusing restrictions on how loan † Copyright © 2020 Thomas W. Joo and Alex Wheeler. * Martin Luther King Jr. Professor of Law, University of California, Davis, School of Law. ** J.D. candidate, University of California, Davis, School of Law, Class of 2022. 21 22 UC Davis Law Review Online [Vol. 54:21 proceeds could be used. The misinformed condemnation of large companies obscured the fact that Congress had designed a flawed program with limited ability to help small businesses.
  • RESEARCH CORNER November 30, 2020

    RESEARCH CORNER November 30, 2020

    RESEARCH CORNER November 30, 2020 OBSERVATIONS • COVID-19: AstraZeneca & the University of Oxford’s vaccine candidate’s results showed an efficacy rate of 70%, on average. Depending on dosage, effectiveness ranged from 62% to 90%.1 • Unleaded gasoline reaches a national average of $2.11 a gallon – the lowest for a Thanksgiving week since 2015. AAA estimates that travel by automobile will account for 95% of Thanksgiving holiday travel.2 • CoStar Group estimates that retailers are in a $52 billion hole of missed rent payments. Examples include Signet Jewelers which had deferred $78 million in rent payments while Bed, Bath, and Beyond has held back nearly $51 million in rents.2 • According to Adobe Analytics, Thanksgiving Day retail spending hit a new record of nearly $5bn, a +21.5% from last year. Almost 50% of transactions originated from a smart phone. • Business activity in the U.S. continued its upward trajectory in November, reaching the fastest pace since March 2015 according to IHS Markit Purchasing Managers Index data. The Eurozone has seen a deceleration in activity, to 5-month lows, as widespread lockdowns have been more broadly enacted.2 • For the first time, Tesla’s market capitalization exceeded $500bn and is set to be included into the S&P 500 on 21-Dec. If included as of 24-Nov, Tesla would be the 8th largest company by this measure – beating out the likes of Visa ($459.8bn), Walmart ($427.7bn), Johnson & Johnson ($378.7bn), and J.P. Morgan ($359.3bn).3 • The global airline industry is expected to lose -$157bn during 2020 and 2021, marking the worst 2-years on record and down -60% from June’s forecasts.

  • The Business

    P2JW324000-0-R00100-1--------XA JOURNAL REPORT © 2017Dow Jones & Company. All Rights Reserved. THE WALL STREET JOURNAL. Monday, November 20, 2017|R1 BETSY DEVOS MIKE PENCE ‘We still ‘By eliminating fundamentally the mandate, we operate on a will enact tax relief for model that was working families.’ brought to us 150 years ago by the Prussians.’ THE BUSINESS At the annual gathering of The Wall Street Journal’s CEO Council, top executives heard from the AGENDA, administration about what it has accomplished—and the prospects ONE YEAR IN for more change in the near future GARY COHN AMY ‘We need to KLOBUCHAR make our ‘My issue with this businesses reform bill is the debt more piece, the $1.5 competitive.’ trillion.’ STEVEN MNUCHIN WILBUR ROSS ‘This is about ‘J ob creation is middle- the real purpose income tax of reducing the cuts and trade deficit.’ making our business taxes competitive.’ MITCH KEVIN McCONNELL HASSETT ‘This is not ‘We’re going your father’s into next Democratic Party. year with a There are very significant few moderate amount of Democrats left.’ momentum.’ JOURNAL REET ST LL WA THE R FO MORSE UL PA INSIDE MikePence on taxreform, trade Mitch McConnell on taxes, Anne Case and Angus Deaton LawrenceSummers seesdangers JayWalkerimaginesalie-detect- and the president’s leadership bipartisanship and divisions in the discussthe direstate of white, in the Tr ump administration’s ing app at the intersection of qualities, R2 Republican Party, R6 working-classAmericans, R12 approach to trade, R14 biology and business, R9 Steven Mnuchin says with reform AmyKlobuchar and Mark Kevin Hassett tells howthe U.S.
  • Hearing on the Nomination of Steve Mnuchin to Be Secretary of the Treasury Senate Finance Committee Questions for the Record January 2017

    Hearing on the Nomination of Steve Mnuchin to Be Secretary of the Treasury Senate Finance Committee Questions for the Record January 2017

    Hearing on the Nomination of Steve Mnuchin to be Secretary of the Treasury Senate Finance Committee Questions for the Record January 2017 Senator Orrin G. Hatch 1. Last year the Finance Committee reported out a bi-partisan retirement reform bill, on a 26-to-0 vote (S. 3471, 114th Cong.), that included reforms such as additional incentives for small businesses that set up retirement plans, authorization for employers to join so-called "multiple employer plans" so that they can join forces to share the costs of offering a plan, and a provision making it easier for employers to provide, and for employees to purchase, retirement annuities in their 401(k)-type plans. You may not have had a chance to focus on retirement reform legislative issues yet, but retirement reform has been a priority with the Committee for quite some time and has very strong, bipartisan support. Can you assure me that the Treasury Department will work with the Finance Committee in the 115th Congress to enact retirement reform? We understand there are issues with multiemployer plans, and we look forward to working with you and your staff on retirement reform. 2. Trade: Financial Services Data Among my concerns with the Trans-Pacific Partnership, or TPP, agreement is the fact that it failed to prohibit local data storage requirements in the financial services sector. This outcome was inconsistent with the clear direction on data flows that Congress set out in TPA. These types of localization requirements are a serious problem for U.S. financial services companies, who often face pressure to store their data overseas.
  • Nomi Prins Shifting US-Japan Geo-Politics, Banking Landscape and Financial Regulations in the Trump Era

    Nomi Prins Shifting US-Japan Geo-Politics, Banking Landscape and Financial Regulations in the Trump Era

    Nomi Prins Shifting US-Japan Geo-Politics, Banking Landscape and Financial Regulations in the Trump Era (Summary of Q&A) Date: 11 July 2017 Venue: CIGS Meeting Room, Tokyo, Japan CopyrightⒸ2017 CIGS. All rights reserved. Questioner 1: Which sector do you think the next financial crisis will come from? You think it will come from the corporate sector, not the public sector? What is your view on the risk posed by the automotive sector? Nomi Prins: It was the mortgage system becoming a part of complex securities created and distributed by the big banks that caused the last crisis. This happened because banks always go where it is easiest to make money, and they thought, before the crisis, that it would be simplest with subprime mortgages. Banks have since stopped providing as many subprime loans. They have made it more difficult for individuals and small companies to get mortgages and loans. Yet, they have made it easier to get auto loans, in part because it’s easier to repossess a car than a house. However, if auto loans default, the market and financial system will not be impacted or care as much. It is a problem that banks are selling subprime auto loans, but if something happens, it will not cause a crisis. The same can be said for consumer debt and student loan debt. For many people student loan debt is unsustainable. And, it is more likely multiple default issues across these consumer sectors, will collectively cause problems than any single one of them. These issues are all related to the fact that banks have had the opportunity to have a great amount of cheap capital provided for them for many years.
  • Annual Report 2017

    Annual Report 2017

    IDEAS LEADERSHIP ACTION OUR MISSION 2 Letter from Dan Porterfield, President and CEO WHAT WE DO 6 Policy Programs 16 Leadership Initiatives 20 Public Programs 26 Youth & Engagement Programs 30 Seminars 34 International Partnerships 38 Media Resources THE YEAR IN REVIEW 40 2017-2018 Selected Highlights of the Institute's Work 42 Live on the Aspen Stage INSTITUTIONAL ADVANCEMENT 46 Capital Campaigns 48 The Paepcke Society 48 The Heritage Society 50 Society of Fellows 51 Wye Fellows 52 Justice Circle and Arts Circle 55 Philanthropic Partners 56 Supporters STATEMENT OF FINANCIAL POSITION 90 2017 Annual Report WHO WE ARE 96 Our Locations 98 Aspen Institute Leadership 104 Board of Trustees LETTER FROM DAN PORTERFIELD, PRESIDENT AND CEO A LETTER FROM PRESIDENT AND CEO DAN PORTERFIELD There is nothing quite like the Aspen Institute. It is In the years to come, the Aspen Institute will deepen an extraordinary—and unique—American institution. our impacts. It is crucial that we enhance the devel- We work between fields and across divides as a opment of the young, address the urgent challenges non-profit force for good whose mission is to con- of the future, and renew the ideals of democratic so- vene change-makers of every type, established and ciety. I look forward to working closely with our many emerging, to frame and then solve society’s most partners and friends as we write the next chapter on important problems. We lead on almost every issue the Institute’s scope and leadership for America and with a tool kit stocked for solution-building—always the world.
  • April 26, 2020 the Honorable Steven Mnuchin Secretary Department Of

    April 26, 2020 the Honorable Steven Mnuchin Secretary Department Of

    April 26, 2020 The Honorable Steven Mnuchin Secretary Department of the Treasury 1500 Pennsylvania Avenue, N.W. Washington, D.C. 20220 Dear Secretary Mnuchin: We write regarding the Treasury Department’s Coronavirus Relief Fund Guidance to urge you to promptly revise your interpretation so states, Tribal, and local governments can use these funds to prevent further economic damage. While the term “lost revenue” does not appear specifically in Title V of the Coronavirus Aid, Relief and Economic Security (CARES) Act, a plain text reading of the law leads to the logical conclusion that lost or delayed revenues are a direct cost created by the coronavirus that were never accounted for in any budget. Therefore, we believe it is fully within your authority and the intent of the CARES Act that these funds may be used to replace lost or delayed tax revenues and maintain public services. In the midst of an economic collapse, the intent of the entire CARES Act is to provide flexible help to a wide range of Americans. To prevent the flexible use of these relief funds is a choice that is neither required nor intended by law. We are not alone in this view. Governors and Senators from both sides of the aisle have set aside ideology and urged you to follow the law as written instead of creating more bureaucratic red tape in the middle of a public health emergency and ensuing economic crisis. Of all the regulations that this Administration seeks to cut, it should start with this one. We all have a common interest in preserving as much of our economy as possible so that we are well positioned for a robust recovery.
  • List of Government Officials (May 2020)

    List of Government Officials (May 2020)

    Updated 12/07/2020 GOVERNMENT OFFICIALS PRESIDENT President Donald John Trump VICE PRESIDENT Vice President Michael Richard Pence HEADS OF EXECUTIVE DEPARTMENTS Secretary of Health and Human Services Alex Azar II Attorney General William Barr Secretary of Interior David Bernhardt Secretary of Energy Danny Ray Brouillette Secretary of Housing and Urban Development Benjamin Carson Sr. Secretary of Transportation Elaine Chao Secretary of Education Elisabeth DeVos (Acting) Secretary of Defense Christopher D. Miller Secretary of Treasury Steven Mnuchin Secretary of Agriculture George “Sonny” Perdue III Secretary of State Michael Pompeo Secretary of Commerce Wilbur Ross Jr. Secretary of Labor Eugene Scalia Secretary of Veterans Affairs Robert Wilkie Jr. (Acting) Secretary of Homeland Security Chad Wolf MEMBERS OF CONGRESS Ralph Abraham Jr. Alma Adams Robert Aderholt Peter Aguilar Andrew Lamar Alexander Jr. Richard “Rick” Allen Colin Allred Justin Amash Mark Amodei Kelly Armstrong Jodey Arrington Cynthia “Cindy” Axne Brian Babin Donald Bacon James “Jim” Baird William Troy Balderson Tammy Baldwin James “Jim” Edward Banks Garland Hale “Andy” Barr Nanette Barragán John Barrasso III Karen Bass Joyce Beatty Michael Bennet Amerish Babulal “Ami” Bera John Warren “Jack” Bergman Donald Sternoff Beyer Jr. Andrew Steven “Andy” Biggs Gus M. Bilirakis James Daniel Bishop Robert Bishop Sanford Bishop Jr. Marsha Blackburn Earl Blumenauer Richard Blumenthal Roy Blunt Lisa Blunt Rochester Suzanne Bonamici Cory Booker John Boozman Michael Bost Brendan Boyle Kevin Brady Michael K. Braun Anthony Brindisi Morris Jackson “Mo” Brooks Jr. Susan Brooks Anthony G. Brown Sherrod Brown Julia Brownley Vernon G. Buchanan Kenneth Buck Larry Bucshon Theodore “Ted” Budd Timothy Burchett Michael C.
  • Confirmed, He Will Manage Treasury Regulations Affecting Financial Institutions, In- Cluding Systemic Risk Designations

    Confirmed, He Will Manage Treasury Regulations Affecting Financial Institutions, In- Cluding Systemic Risk Designations

    S. HRG. 115–26 NOMINATIONS OF SIGAL P. MANDELKER, MIRA RADIELOVIC RICARDEL, MARSHALL BILLINGSLEA, AND HEATH P. TARBERT HEARING BEFORE THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS UNITED STATES SENATE ONE HUNDRED FIFTEENTH CONGRESS FIRSTSESSION ON NOMINATIONS OF: SIGAL P. MANDELKER, OF NEW YORK, TO BE UNDER SECRETARY FOR TERRORISM AND FINANCIAL INTELLIGENCE, DEPARTMENT OF THE TREASURY MIRA RADIELOVIC RICARDEL, OF CALIFORNIA, TO BE UNDER SECRETARY FOR EXPORT ADMINISTRATION, DEPARTMENT OF COMMERCE MARSHALL BILLINGSLEA, OF VIRGINIA, TO BE ASSISTANT SECRETARY FOR TERRORIST FINANCING, DEPARTMENT OF THE TREASURY HEATH P. TARBERT, OF MARYLAND, TO BE ASSISTANT SECRETARY, INTERNATIONAL MARKETS AND DEVELOPMENT, DEPARTMENT OF THE TREASURY MAY 16, 2017 Printed for the use of the Committee on Banking, Housing, and Urban Affairs ( Availableat: http://www.fdsys.gov/ U.S. GOVERNMENT PUBLISHING OFFICE 25–925 PDF WASHINGTON : 2017 For saleby the Superintendentof Documents,U.S.GovernmentPublishingOffice Internet:bookstore.gpo.govPhone:tollfree (866)512–1800;DC area (202)512–1800 Fax:(202)512–2104 Mail:Stop IDCC,Washington,DC 20402–0001 VerDate Nov 24 2008 14:28 Jun 26, 2017 Jkt 046629 PO 00000 Frm 00001 Fmt 5011 Sfmt 5011 L:\HEARINGS 2017\05-16 NOMINATIONS\HEARING\25925.TXT JASON COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS MIKE CRAPO, Idaho, Chairman RICHARD C. SHELBY, Alabama SHERROD BROWN, Ohio BOB CORKER, Tennessee JACK REED, Rhode Island PATRICK J. TOOMEY, Pennsylvania ROBERT MENENDEZ, New Jersey DEAN HELLER, Nevada JON TESTER, Montana TIM