JD Supra9m
U.S. Treasury expands the scope of CFIUS investigative authority and updates civil monetary penalties
On November 26, 2024, the U.S. Department of the Treasury (“Treasury”) issued a new final rule (the “Final Rule”) expanding the Committee on ...
He Helped ‘Break’ the Bank of England. Now He May Run the U.S. Treasury.
Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad ...
Newsweek on MSN9d
Trump Nominates Scott Bessent for Treasury Secretary
"I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States," Trump said ...
JD Supra4h
Treasury Department and IRS Issue Final Regulations on the Advanced Manufacturing Production Credit Under Section 45X of the Internal Revenue Code
Under the final regulations, taxpayers are permitted to produce eligible components using recycled materials. Components which ...
Trump picks SC native to lead US Treasury department. The choice had seemed anything but certain.
Billionaire hedge fund manager and SC native Scott Bessent has been nominated by incoming president Donald Trump to lead the ...
Drug cartel reeling in huge profits with illegal fishing of red snapper in the Gulf of Mexico, U.S. says
The cartel allegedly uses fishing boats to smuggle drugs and migrants — and catch tons of red snapper, a commercially ...
Treasury sanctions Mexican cartel members for fentanyl trafficking
The Treasury Department announced on Tuesday it has sanctioned members of the notorious Cartel Jalisco Nueva Generacion in ...
Trump picks Scott Bessent to serve as treasury secretary
If confirmed, Bessent will be tasked with implementing any tax cuts a Republican-controlled Congress may pursue.
House passes bill that would allow Treasury to target nonprofits it deems to support terrorism
The U.S. House passed legislation that would give the Treasury Department unilateral authority to strip the tax-exempt status ...
UPI13d
Treasury sanctions Mexican cartel members for fentanyl trafficking
19 (UPI) --The Treasury Department announced on Tuesday it ... in trafficking fentanyl and other illegal drugs into the United States. The violent CJNG has helped lead the transformation of ...