Senators Maggie Hassan, D-N.H. and Joni Ernst, R-Iowa, introduced bipartisan legislation that would mandate the Department of Treasury and other Federal entities to review the use and mining of cryptocurrencies globally, and submit a detailed report on the issue to multiple congressional committees.

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cybersecurity

As part of a government-wide effort to counter ransomware, the U.S. Department of the Treasury is taking robust actions to disrupt criminal networks and virtual currency exchanges responsible for laundering ransoms, encourage best cyber practices, and increase efficient and timely incident reporting to agencies.

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Treasury

Eric Olson has stepped down as chief information officer (CIO) at the Department of the Treasury, a Treasury spokesperson confirmed to MeriTalk.

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Treasury
Treasury
Treasury
Treasury

Thirty Democratic senators and House members are asking newly confirmed Labor Secretary Marty Walsh in a March 23 letter for the agency to focus its efforts to help states improve their unemployment insurance (UI) systems along the lines of legislation introduced in both houses of Congress earlier this year.  

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Blockchain link
COVID-19
workforce

With the COVID-19 pandemic stretching on, President Biden signed an executive order (EO) to direct an all-of-agency effort to help those most impacted by the pandemic. In accordance with that EO, the Department of Treasury is working to change the way it delivers economic impact payments, according to a Jan. 22 release.

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Senate hearing Congressional-min

President-elect Joe Biden’s nominees to head the departments of Defense (DoD) and Homeland Security (DHS) are lined up for Senate committee-level confirmation hearings on Jan. 19 – one day before Biden will be inaugurated as the 46th President of the United States.

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A new audit report released by the Treasury Department’s Office of Inspector General (OIG) has found deficiencies in the agency’s IT controls related to cash management and federal debt information systems.

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Treasury

A Treasury Department official told House Ways and Means Committee members in a Dec. 23 letter that the agency has found no evidence that the suspected Russia-backed breach of Federal government systems via SolarWinds Orion products exposed U.S. taxpayer data.

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capitol washington dc senate house congress-min

The $908 billion emergency COVID relief package debuted Dec. 14 by a bipartisan group of senators proposed another big round of Paycheck Protection Program (PPP) work for the Small Business Administration (SBA), along with a $10 billion lifeline for broadband connectivity and distance learning programs.

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