Treasury
ICAM

Several Federal agencies that have banded together to study ways to improve financial management policies and practices have released a new simulation tool that aims to illustrate concepts for improving identity verification and potentially reduce improper payments.

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The Department of the Treasury is seeking public input on carrying out its mandate in the White House’s executive order (EO) to ensure the responsible development of digital assets, including cryptocurrencies.

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The Government Accountability Office (GAO) is pressing the departments of Treasury and Homeland Security (DHS) to assess whether a further Federal response is needed to address the government’s existing terrorism risk insurance program, which may not cover losses from cyber and other attacks on U.S. critical infrastructure.

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The Department of the Treasury said it approved about $631 million of funding to four states from the Coronavirus Capital Projects Fund (CPF), which will provide money for affordable broadband infrastructure and other digital connectivity technology projects.

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Treasury

The Government Accountability Office (GAO) has identified four additional priority recommendations for the Department of the Treasury as of May 2022, including recommendations on improving cybersecurity and modernizing the U.S. financial regulatory system.

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The growing investment in technology and IT solutions naturally comes with caveats with regards to price. CIOs from the Federal Deposit Insurance Corporation (FDIC), Department of Energy (DOE), and the Environmental Protection Agency (EPA) remain conscientious of making sure the planet does not pay that price.

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Treasury

The Department of Treasury and the Office of Management and Budget (OMB) have made progress in validating data received from Federal agencies, but both of the agencies need to improve how that data is reported online, according to the Government Accountability Office.

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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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Treasury
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