Treasury | Page 3 | The FACT Coalition

Congressional Stop-Gap Budget Delays Critical Investments in Anti-Corruption Agency

September 30, 2022

Today, Congress passed a continuing resolution to fund the U.S. government through December 16, which now awaits President Biden’s signature. While the measure will ensure that agencies can continue operations at existing budgetary levels, the resolution puts off approving the increased funding for key offices in the U.S. Treasury Department contemplated in both chambers’ appropriations bills for fiscal year 2023.

Treasury Testimony Underscores Need for U.S. Action to Shut the Door on Illicit Russian Funds

September 20, 2022

Today, Elizabeth Rosenberg, Assistant Secretary for Terrorist Financing and Financial Crimes at the U.S. Department of the Treasury, and Andrew Adams, Director of the Task Force KleptoCapture at the Department of Justice, testified before the Senate Committee on Banking, Housing, and Urban Affairs on steps the Administration is taking in response to Russia’s invasion of Ukraine.

Congress Approves Overdue Funds to Boost U.S. Anti-Money Laundering Reforms in Ukraine Aid Package

May 19, 2022

The FACT Coalition applauds the inclusion of $52 million in emergency funds for the U.S. Treasury Department as part of the appropriations package passed today by the U.S. Senate. Today’s vote sends the larger $40 billion Ukraine aid package to the President’s desk to sign into law, and will assist Ukraine in the face of Russia’s illegal invasion.

Biden’s Budget Would Strengthen the Foundation of the U.S. Tax System

March 29, 2022

The FACT Coalition welcomed international and administrative tax reforms in the President’s proposed 2023 Budget that would continue the Administration’s efforts to discourage tax dodging by multinational corporations, and once again make the U.S. a leader in global tax transparency.