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U.S. Department of the Treasury Office of Public Affairs Press Release: April 9 , 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Moves to Prevent Abuse of Community Development Financial Institutions (CDFI) Fund Programs WASHINGTON – The U.S. Department of the Treasury announced today that the CDFI Fund will issue rules concerning the treatment of CDFI Fund awards under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA). The rules are intended to ensure compliance with federal law and that taxpayer-funded federal public benefits are not diverted to subsidize illegal aliens. Treasury also announced reforms to ensure certified CDFIs comply with federal anti-discrimination laws. “Under President Trump’s leadership, we are enforcing the law and preventing the abuse and misuse of CDFI Fund grants intended solely for American citizens and lawful residents,” said Secretary of the Treasury Scott Bessent . “Treasury will continue to use its authority to prevent waste, fraud, and abuse in all forms, including by safeguarding taxpayer money awarded by the CDFI Fund.” Treasury will issue a forthcoming notice of proposed rulemaking to clarify that certain benefits are “federal public benefits” within the meaning of PRWORA. Accordingly, illegal aliens and other non-qualified aliens would not be eligible to receive these benefits funded by the American taxpayer. In addition, Treasury is adding a new provision to relevant CDFI Fund agreements to ensure certified CDFIs do not engage in practices that violate federal anti-discrimination laws, including providing employment or financial preferences or set-asides based on race, ethnicity, or sex in a manner inconsistent with federal laws. Certified CDFIs will be required to adopt, implement, and maintain policies and procedures reasonably designed to ensure compliance with these requirements, certify annually as to the existence and administration of those policies and procedures, and make them available for review upon request by the CDFI Fund. This provision will ensure certified CDFIs’ compliance with federal anti-discrimination laws and root out unlawful discrimination. In the event of noncompliance with CDFI Fund agreements, the CDFI Fund intends to vigorously exercise its remedies, to the extent permitted by law, including potentially decertification of CDFI status, termination of any unused funds, and recapture of past award funds. ###

U.S. Department of the Treasury Office of Public Affairs Press Release: April 8 , 2026 Contact: Treasury Public Affairs, Press@treasury.gov New Guidance Unlocks Economic Opportunity for Overlooked Communities The Working Families Tax Cuts Boosts Opportunity Zone Tax Incentive, Driving More Capital to Communities Across America WASHINGTON – The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released guidance for eligible communities across America to be designated as qualified opportunity zones (QOZs). Under President Trump’s Working Families Tax Cuts, the permanent renewal of the Opportunity Zone tax incentives, including enhanced incentives for investment in eligible rural communities, will continue to boost private investment to underserved communities across America, building on tens of billions of private sector dollars already invested since these tax incentives were established by the 2017 Tax Cuts and Jobs Act. “Under President Trump’s leadership, the Working Families Tax Cuts permanently renewed and strengthened Opportunity Zones, giving investors, entrepreneurs, and local leaders the long-term certainty they need to commit capital to communities that have been overlooked for too long,” said Treasury Secretary Scott Bessent . “This guidance is an important next step to continue driving private capital into productive investment, job creation, and opportunity to local communities across America.” “Permanently extending and expanding Qualified Opportunity Zones offers states an opportunity to attract long-term investment into underserved, rural, and economically distressed areas,” said IRS Chief Executive Officer Frank J. Bisignano . “The IRS works collaboratively with the Treasury Department and the states to ensure a smooth QOZ designation process, which in turn encourages investment in Qualified Opportunity Funds that spur economic development.” The new guidance released by the Treasury Department and the IRS provides the procedure for the Chief Executive Officers of all 50 States, the District of Columbia, and U.S. territories to nominate eligible population census tracts to be designated as QOZs later this year. Read more here . Background The guidance provides the general procedure for the Governors of the States and U.S. Territories, and the Mayor of the District of Columbia, to nominate eligible census tracts as QOZs. That nomination period opens on July 1, 2026, and following a period of consideration by the Secretary of the Treasury, a new, 10-year-round of QOZs will be designated effective January 1, 2027. The Treasury Department and the IRS also released a list of 25,332 eligible census tracts for nomination, of which 8,334 are eligible for rural benefits enacted as part of the Working Families Tax Cuts. Additional information on nomination procedures will be sent directly to the Governors and the Mayor. In the coming weeks, the Treasury Department and the IRS also intend to issue additional guidance implementing the Opportunity Zone incentive, including transition guidance intended to provide clarity to investors and funds, and proposed rules on information reporting. Guidance and additional information on the methodology employed by the Treasury Department, as well as the list of eligible census tracts for download, is available here . ###

U.S. Department of the Treasury Office of Public Affairs Press Release: April 6 , 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Department Designates BNY as Financial Agent to Support New Trump Accounts Program WASHINGTON, D.C. — The U.S. Department of the Treasury today announced that it has designated The Bank of New York Mellon Corporation (“BNY”) as a financial agent of the U.S. government to support implementation of the new Trump Accounts program. Under this designation, BNY will manage the initial accounts and help develop the new Trump Accounts app — a secure, user-friendly platform that will enable families to easily access and manage their accounts. As part of this process, BNY has partnered with Robinhood , which will serve as brokerage and initial trustee for Trump Accounts. Together, these partners will support Treasury’s goal of ensuring every eligible child can access a Trump Account quickly and easily. The Trump Accounts app is being developed as a custom, white-label product designed exclusively for Treasury. The National Design Studio, in conjunction with Robinhood, is creating an intuitive user interface and user experience that allows families to explore their Trump Accounts with confidence and ease. Treasury will retain control over the app and operations for these initial accounts. About Treasury’s Financial Agent Authority Treasury has longstanding statutory authorities to designate qualified financial institutions as financial agents to perform services for the U.S. government in a fiduciary capacity. Treasury maintains strict oversight, performance standards, and security controls to safeguard public funds and promote the government’s best interest. ###

U.S. Department of the Treasury Office of Public Affairs Press Release: April 3 , 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury and IRS to Provide Guidance to Religious Organizations WASHINGTON — In response to recent litigation, ongoing public interest, and the need for more clarity, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) today announced plans to develop and issue additional guidance on the application of the Johnson Amendment to religious organizations. “Religious liberty is foundational to our Constitution, and the freedom to practice one’s faith openly and in community is central to the American story as we celebrate 250 years of independence as a nation this year,” said Treasury Secretary Scott Bessent . “As many Americans gather to observe Holy Week and Passover, President Trump and this administration continue to protect religious freedom as a fundamental right in principle and in practice as our laws are applied. Treasury and the IRS will provide additional clarity and guidance to houses of worship that reflect these ideals and uphold the First Amendment.” The forthcoming guidance will provide clear, administrable standards for houses of worship, including how the law applies to certain communications made within the context of religious services. Treasury and the IRS will engage with stakeholders as appropriate in the development of the forthcoming guidance and its release will be determined later this year. Background In National Religious Broadcasters v. Bessent , the IRS sought to resolve the case through an agreement reflecting the government’s position that bona fide communications internal to a house of worship, including communications between the house of worship and its congregation in connection with religious services and communicated through customary channels on matters of faith, do not constitute the type of political campaign intervention prohibited under current law. Such communications are distinguishable from broader political activity and are consistent with longstanding protections for religious exercise. The federal district court dismissed the case for lack of jurisdiction before the court could consider or approve that proposed resolution. ###

U.S. Department of the Treasury Office of Public Affairs Press Release: April 1 , 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury and IRS Announce Tax Filing Relief to DHS Personnel Support for DHS Employees and their Families Unfairly Impacted by Ongoing Shutdown WASHINGTON – Today, the U.S. Department of the Treasury, in coordination with the Internal Revenue Service (IRS), announced tax filing relief to affected personnel at the Department of Homeland Security experiencing unfair financial burdens and administrative challenges due to the ongoing shutdown. “ The continued shutdown of the Department of Homeland Security has created unnecessary disruptions, placing an unfair burden on DHS personnel and their families. As they continue to show up under extraordinary circumstances without receiving a paycheck, Treasury and the IRS will provide affected DHS employees with a 30-day automatic extension for this tax filing season with penalty and interest relief,” said Treasury Secretary Scott Bessent . “We are committed to supporting our hard-working DHS officers and employees so they can stay focused on their mission and keep the American people safe without being penalized for missing a tax filing deadline.” DHS personnel impacted by the continued shutdown will receive an automatic 30-day extension for this tax filing season to provide additional time to file returns and remit any taxes owed without penalty. The new deadline will be extended to May 15, 2026, for affected DHS personnel. This extension includes penalty and interest relief. ###

U.S. Department of the Treasury Office of Public Affairs Press Release: April 1 , 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury To Convene First Series of Conversations with Domestic and International Regulators The Department of the Treasury announced today that it will convene meetings with domestic and international insurance regulators focused on recent developments in private credit markets. This first series of meetings will allow participants to survey recent market events, emerging risks, risk management practices, and outlooks for the sector. As a part of its ongoing monitoring of financial markets, the Treasury Department regularly confers with federal financial regulators. This first series of meetings will facilitate greater regular communication with the state insurance regulators, who serve as the insurance industry’s primary regulators, and lay the groundwork for sustained close collaboration. More gatherings are planned throughout the summer. The series of meetings is scheduled to begin in April and continue through early May. Additional details on the specific timeline of meetings will be provided soon. ###

U.S. Department of the Treasury Office of Public Affairs Press Release: April 1 , 2026 Contact: Treasury Public Affairs, Press@treasury.gov Secretary Bessent: “Financial Literacy Unlocks Opportunity for Every American” Treasury Recognizes National Financial Literacy Month WASHINGTON – Today, the U.S. Department of the Treasury recognizes the start of National Financial Literacy Month, reaffirming its commitment to advancing financial literacy and education across America. Throughout April, Treasury, in coordination with federal agencies represented on the Financial Literacy and Education Commission (FLEC), will announce and spotlight events, initiatives, and public engagement opportunities designed to strengthen financial knowledge and financial security for Americans across all stages of life. “In my own life experiences, as an Economic historian, and now as the 79th Treasury Secretary it is my firm belief Financial Literacy is what fuels the American Dream. Understanding how to make informed financial decisions unlocks opportunity for every American and their families,” said U.S. Secretary of the Treasury Scott Bessent . “We live in the greatest country in the history of the world and on the eve of our 250th Anniversary, understanding what has driven our success is the key to our future and what will lead the nation successfully for the next 250 years.” Americans of all ages can visit MyMoney.gov to access centralized guidance and educational tools from across federal departments and agencies to help make informed financial decisions – whether that means saving, investing, or planning for major life milestones like education, homeownership, or retirement. To learn more about financial literacy activities, including upcoming changes to the National Strategy for Financial Literacy, visit MyMoney.gov . ###

U.S. Department of the Treasury Office of Public Affairs Press Release: April 1, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Seeks Public Comment on GENIUS Act Notice of Proposed Rulemaking Concerning State-Level Regulatory Regimes WASHINGTON – Today, the U.S. Department of the Treasury issued a notice of proposed rulemaking (NPRM) seeking public comment related to Treasury’s implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The NPRM is the first regulation Treasury has proposed to implement the GENIUS Act. Under the GENIUS Act, payment stablecoin issuers with a consolidated total outstanding issuance of not more than $10,000,000,000 may opt for regulation under a state-level regulatory regime, provided that the state-level regulatory regime is substantially similar to the federal regulatory framework. The GENIUS Act directs Treasury to, through notice and comment rulemaking, establish broad-based principles for determining whether a state-level regulatory regime is substantially similar to the federal regulatory framework under the GENIUS Act. Treasury welcomes comments on the proposal from all interested stakeholders. The proposal builds on the advance notice of proposed rulemaking that Treasury issued last September seeking public comment on a wide range of matters relating to the implementation of the GENIUS Act. Members of the public should submit comments in response to the NPRM within 60 days of publication in the Federal Register. The public comments will be publicly viewable at www.regulations.gov . ### Notice of Proposed Rulemaking GENIUS Act Broad-Based Principles for Determining Whether a State-level Regulatory Regime Is Substantially Similar to the Federal Regulatory Framework.pdf

U.S. Department of the Treasury Office of Public Affairs Press Release: March 26, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Announces President Donald J. Trump’s Signature to Appear on Future U.S. Paper Currency WASHINGTON – In honor of the 250 th anniversary of the United States of America, President Donald J. Trump’s signature will appear on future U.S. paper currency along with the Secretary of the Treasury, marking the first time in history for a sitting president. “Under President Trump’s leadership, we are on a path toward unprecedented economic growth, lasting dollar dominance, and fiscal strength and stability,” said Secretary of the Treasury Scott Bessent . “There is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than U.S dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the Semiquincentennial.” “As the 250 th anniversary of our great nation approaches, American currency will continue to stand as a symbol of prosperity, strength, and the unshakable spirit of the American people under President Trump’s leadership,” said Treasurer Brandon Beach . “The President’s mark on history as the architect of America’s Golden Age economic revival is undeniable. Printing his signature on the American currency is not only appropriate, but also well deserved.” ###

U.S. Department of the Treasury Office of Public Affairs Press Release: March 25, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Financial Stability Oversight Council Issues Proposed Guidance on Nonbank Financial Company Designations WASHINGTON – The Financial Stability Oversight Council (Council) today voted unanimously to issue for public comment proposed interpretative guidance on nonbank financial company designations. This proposed guidance would reinstitute a number of elements first introduced by the Council’s 2019 interpretive guidance and would add critical enhancements that reflect the Council’s current understanding of financial stability, underscoring the importance of economic growth and economic security. “The Council has a vital mission – identifying and responding to potential threats to the stability of the financial system before they can translate into real economic harms,” said Secretary of the Treasury Scott Bessent. “Today’s proposed guidance would return the Council to prioritizing an activities-based approach where we focus first on risks that arise from specific activities and practices across markets, rather than single out individual firms.” The proposed interpretive guidance approved by the Council today would: Incorporate economic growth and economic security into the Council’s analysis of risks to financial stability. Economic growth provides the foundation for financial stability, and economic security, in turn, supports economic growth. The proposal describes how the Council would consider impediments to economic growth and economic security when identifying potential risks to U.S. financial stability. Prioritize identifying, assessing, and addressing risks through an activities-based approach. Consistent with its statutory authorities, the Council would prioritize its efforts to identify, assess, and address potential risks to U.S. financial stability through an activities-based approach. Under the proposal, the Council would pursue entity-specific designations only if a potential risk or threat cannot be, or is not, adequately addressed through an activities-based approach. Prioritizing an activities-based approach would enhance the rigor of the Council’s activities and facilitate the Council’s efforts to consider impediments to economic growth and economic security when identifying potential risks to U.S. financial stability. Enhance analytical rigor by committing to performing a cost-benefit analysis before a designation decision. In evaluating a potential designation, the Council would perform a cost-benefit analysis before designating a nonbank financial company, and make a designation only if the expected benefits justify the expected costs. The Council would also assess the likelihood of the company’s material financial distress as part of its analysis of potential benefits and costs of a designation. These commitments would ensure that the Council’s actions are expected to provide a net benefit to U.S. financial stability and are consistent with thoughtful decision-making. Provide a pre-designation “off-ramp” and promote greater transparency. The proposed guidance maintains strong procedural protections and includes a new pre-designation off-ramp. Under the guidance, the Council would identify steps a nonbank financial company or financial regulators could take to address a potential threat to U.S. financial stability based on the Council’s preliminary evaluation and allow time for the material risks to be addressed. Providing this opportunity to mitigate identified risks would enhance the transparency of the designation process and result in a more effective approach to addressing a potential threat to U.S. financial stability. The full text of the proposed nonbank financial company designation guidance is available here . The proposed guidance will be available for a 45-day public comment period following its publication in the Federal Register.

U.S. Department of the Treasury Office of Public Affairs Press Release: March 20, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Sanctions Global Network Diverting Funds to Benefit Hizballah Network Amassed Over $100 Million from Hizballah Financial Schemes WASHINGTON —Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating a network of 16 individuals and entities led by Hizballah financier and former public investment official Alaa Hassan Hamieh (Alaa Hamieh). Alaa Hamieh oversees a network of companies, controlled through family members and close associates, that launder and raise funds for Hizballah’s finance team. These individuals and companies—located in Lebanon, Syria, Poland, Slovenia, Qatar, and Canada—have been involved in numerous economic projects and are estimated to have enabled the diversion of over $100 million since 2020. This network represents a critical source of funding for Hizballah, which continues to embrace violence despite calls to disarm. “Iran is the head of the snake when it comes to global terrorism, and its proxies, such as Hizballah, carry out Tehran’s mission to sow chaos and destruction beyond its borders,” said Secretary of the Treasury Scott Bessent . “Hizballah continues to divert funds that rightfully belong to the Lebanese people to finance its terrorist operations. This action targets key actors within its global financial network that sustain its militant activities.” Today’s action is being taken pursuant to the counterterrorism authority, Executive Order (E.O.) 13224, as amended. The U.S. Department of State designated Hizballah as a Specially Designated Global Terrorist (SDGT) pursuant to E.O. 13224 on October 31, 2001, and previously as a Foreign Terrorist Organization pursuant to section 219 of the Immigration and Nationality Act on October 8, 1997. ALAA HAMIEH AND THE HIZBALLAH FINANCE TEAM Hizballah funds both its militant wing and social programs through a wide array of revenue generation and sanctions evasion schemes, many of which are coordinated through the group’s finance team. Hizballah has used its influence in Lebanon’s government to divert funds for the group’s own benefit. Since the United States designated Hizballah finance team member Muhammad Al-Bazzal in 2018, the ownership of several companies and subsidiaries previously owned by him have been transferred to close family members and associates in name only, while he has maintained operational control. Most of these family members and associates are active participants within Hizballah’s finance team and hold positions in more than one company. Employing similar methods to obfuscate his true ownership , Alaa Hamieh owns, directly or indirectly, multiple Hizballah-associated companies, several of which are used for procurement or money laundering. These companies include: Lebanon-based Seven Seas SAL Offshore , Seven Seas Group S.A.R.L. , and Calllync S.A.L. Offshore ; Poland-based Calllync Spolka Z Organiczona Odpowiedzialnoscia (Calllync S.p. Z.O.O.); and Slovenia-based Calllync Telekomunikacijske Storitve D.O.O. (Calllync D.O.O.). Through his brother, Muhammad Hasan Hamieh (Muhammad Hamieh), Alaa Hamieh tracks the funds associated with these projects, many of which are operated in collaboration with Hizballah finance team members Muhammad Al-Bazzal, his U.S.-designated brother Rashid Al-Bazzal , and U.S.-designated Hizballah finance team official Ali Qasir . ALAA HAMIEH’S ABUSE OF THE LEBANESE ECONOMY In early 2025, Hizballah, through Alaa Hamieh’s now-former position as the Vice President of the Investment Development Authority of Lebanon (IDAL), was involved with the disbursement of funds from a trade agreement between Iraq and Lebanon to support the reconstruction of Lebanon. According to the agreement, IDAL would have the authority to be the sole executor on the Lebanese side to choose who would qualify for the deal. Alaa Hamieh personally received millions of U.S. dollars for Hizballah-associated projects under this agreement, while working closely with Hizballah financier Muhammad Al-Bazzal. As of December 2025, Alaa Hamieh is no longer affiliated with IDAL following IDAL’s appointment of a new board of directors. Alaa Hamieh and Lebanese national Hamdan Ali Al Lakis (Al Lakis) set up a money exchange where Alaa Hamieh collects the majority of the profits, while Al Lakis manages the company’s day-to-day operations. This setup allows Alaa Hamieh to have total access to the money exchange business and avoid the apparent conflict of interest with his former government job with IDAL. Through Al Lakis, Alaa Hamieh and his brother Muhammad Hamieh have full control of the money exchange to support their business needs, while hiding from government oversight. Alaa Hamieh is being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored or provided financial, material, or technological support for, or goods and services to or in support of, Hizballah. Muhammad Hamieh and Al Lakis are being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods and services to or in support of, Alaa Hassan Hamieh. ALAA HAMIEH’S PROXY BUSINESS NETWORK Syrian gray-arms dealer Bahaa Addin Hashem (Hashem) co-owns several companies with Alaa Hamieh. Hashem collaborates with Muhammad Al-Bazzal and the Hizballah finance team, including his role as an employee of previously designated Hizballah finance team enterprise G.M. Farm . Additionally, Hashem is the registered owner of Slovenia-based Calllync D.O.O. Hizballah member Mohamad Jamil Salami (Salami) is another member of Alaa Hamieh’s network who sent at least $50,000 to Alaa Hamieh, was involved in a weapons systems company, and other telecommunications projects. In early 2024, Salami was involved in a sanctions evasion scheme to deliver equipment to an Iranian telecommunications company operating in Syria under the Al-Assad regime. Qatar-based Raoof Fadel (Fadel) is involved in numerous projects with Alaa Hamieh and the Hizballah finance team, including with Hizballah finance team members Muhammad Al-Bazzal and Rashid Al-Bazzal. Fadel is the co-founder and chief executive officer of Hizballah-associated Seven Seas for International Trading and Logistics , which is the Canadian branch of Alaa Hamieh’s similarly named Lebanese companies. Hashem, Salami, and Fadel are being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored or provided financial, material, or technological support for, or goods and services to or in support of, Hizballah. Calllync D.O.O. is being designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act on behalf of, directly or indirectly, Hashem. Seven Seas for International Trading and Logistics is being designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act on behalf of, directly or indirectly, Fadel. Mohamad Hasan Wehbe owns and operates Lebanon-based Seven Seas SAL Offshore and Seven Seas Group S.A.R.L, which are used by Alaa Hamieh for procurement and money laundering in collaboration with other companies controlled by Alaa Hamieh, such as Calllync S.A.L. Offshore. Alaa Hamieh’s nephew, Daniel Hamieh , co-owns Poland-based Calllync S.p. Z.O.O. with Alaa Hamieh, which has sent hundreds of thousands of dollars to a company affiliated with the Hizballah finance team. Lebanon-based Hala Muhammad Tarshishi (Tarshishi), Alaa Hamieh’s secretary, is a proxy for one of his companies and conducts financial transactions related to his business. Maya Boustany (Boustany) is another Alaa Hamieh associate, who in addition to her role as Chief Operating Officer of one of Alaa Hamieh’s companies, acted as a proxy for the Hizballah finance team to set up a front company in Iraq. Mohamad Hasan Wehbe, Daniel Hamieh, and Boustany are being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods and services to or in support of, Alaa Hassan Hamieh. Tarshishi and Calllync S.A.L. Offshore are being designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act on behalf of, directly or indirectly, Alaa Hamieh. Calllync S.p. Z.O.O. is being designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act on behalf of, directly or indirectly, Daniel Hamieh. Seven Seas SAL Offshore and Seven Seas Group S.A.R.L are being designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act on behalf of, directly or indirectly, Mohamad Hasan Wehbe. SANCTIONS IMPLICATIONS As a result of today’s action, all property and interests in property of the designated or blocked persons described above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by a general or specific license issued by OFAC, or exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked persons. Violations of U.S. sanctions may result in the imposition of civil or criminal penalties on U.S. and foreign persons. OFAC may impose civil penalties for sanctions violations on a strict liability basis. OFAC’s Economic Sanctions Enforcement Guidelines provide more information regarding OFAC’s enforcement of U.S. economic sanctions. In addition, financial institutions and other persons may risk exposure to sanctions for engaging in certain transactions or activities involving designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any designated or blocked person, or the receipt of any contribution or provision of funds, goods, or services from any such person. Non-U.S. persons are also prohibited from causing or conspiring to cause U.S. persons to wittingly or unwittingly violate U.S. sanctions, as well as engaging in conduct that evades U.S. sanctions. Individuals located in the U.S. or abroad who provide information about sanctions violations to FinCEN’s whistleblower incentive program may be eligible for awards if the information they provide leads to a successful enforcement action that results in monetary penalties exceeding $1,000,000. Furthermore, engaging in certain transactions involving the persons designated today may risk the imposition of secondary sanctions on participating foreign financial institutions. OFAC can prohibit or impose strict conditions on opening or maintaining, in the United States, a correspondent account or a payable-through account of a foreign financial institution that knowingly conducts or facilitates any significant transaction on behalf of a person who is designated pursuant to the relevant authority . The power and integrity of OFAC sanctions derive not only from OFAC’s ability to designate and add persons to the SDN List, but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior. For information concerning the process for seeking removal from an OFAC list, including the SDN List, or to submit a request, please refer to OFAC’s guidance on Filing a Petition for Removal from an OFAC List . Click here for more information on the persons designated today .

U.S. Department of the Treasury Office of Public Affairs Press Release: March 19, 2026 Contact: Treasury Public Affairs, Press@treasury.gov U.S. Department of the Treasury and U.S. Department of Education Announce Historic Federal Student Assistance Partnership Marks major step to return education to the States and break up the Federal education bureaucracy The U.S. Department of the Treasury (Treasury) and the U.S. Department of Education (ED) today announced the Federal Student Assistance Partnership to enhance the administration of Federal student aid programs, mitigate the continuing fallout and cost to taxpayers from the Biden Administration’s mismanagement of the Federal student loan portfolio, and facilitate the return of defaulted borrowers to repayment. Currently, ED’s student loan portfolio stands at nearly $1.7 trillion with fewer than 40 percent of borrowers in repayment and almost 25 percent of borrowers in default. Student loan debt is roughly twice the size of all American university endowments combined and is larger than either our nation’s cumulative credit card debt or cumulative auto debt. ED was never intended to operate what would be the fifth-largest commercial bank in the United States , distributing over $100 billion each year in Federal student loans and grants. “The Federal Student Assistance Partnership marks an intentional and historic step toward breaking up the Federal education bureaucracy and dramatically improving the administration of Federal student aid programs that millions of American students, families, and borrowers rely on to access higher education,” said U.S. Secretary of Education Linda McMahon. “As the Federal student aid portfolio soars to nearly $1.7 trillion and with nearly a quarter of student loan borrowers in default, Americans know that the Department of Education has failed to effectively manage and deliver these critical programs. By leveraging Treasury’s world-renowned expertise in finance and economic policy, we are confident that American students, borrowers, and taxpayers will finally have functioning programs after decades of mismanagement.” Under the new interagency agreement, Treasury will assume operational responsibility for collecting on defaulted Federal student loan debt and provide operational support to ED’s efforts to return borrowers to repayment. In subsequent phases, Treasury will work to provide operational support over non-defaulted Federal student loan debt, to the extent practicable and permitted by law, while also seeking opportunities to provide operational support to FSA’s other functions. “Under President Trump’s leadership we are undertaking the first serious effort to clean up a $1.7 trillion portfolio that has been badly mismanaged for years. Treasury has the unique experience, the operational capability, and the financial expertise to bring long overdue financial discipline to the program and be better stewards of taxpayer dollars,” said U.S. Secretary of the Treasury Scott Bessent. Throughout each phase of the partnership, ED, in conjunction with Treasury, will communicate directly with stakeholders, including students, parents, borrowers, institutions, and vendors, to outline anticipated plans and timelines and address any questions. Building on the Trump Administration’s successful efforts to fix the Free Application for Federal Student Aid form, the agencies will ensure that the partnership is implemented effectively and enhances the delivery of Federal financial aid for students and families. This agreement follows nine agency partnerships signed over the past year, including the workforce development partnership with the U.S. Department of Labor, which has created an integrated Federal education and workforce system and reduced the need for States to consult multiple agencies to effectively manage their programs. View the Federal Student Assistance Partnership fact sheet here.

U.S. Department of the Treasury Office of Public Affairs Press Release: March 18, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Financial Stability Oversight Council to Meet March 25 On Wednesday, March 25, Secretary of the Treasury Scott Bessent will preside over a meeting of the Financial Stability Oversight Council (Council) at the Treasury Department. The meeting will consist of an executive session and an open session. The preliminary agenda for the executive session includes the Council’s quarterly financial stability monitor and an update on the work of the Council’s Household Resilience Working Group.* The preliminary agenda for the open session includes the Council’s proposed interpretive guidance on nonbank financial company designations and an update on banking supervision and regulatory reforms. WHO: Members of the Financial Stability Oversight Council WHAT: Open Session of the Financial Stability Oversight Council Meeting WHEN: 1:25 PM March 25. Please note that the start time is approximate, but it will not begin early. A live webcast of the open session will be available at: https://home.treasury.gov/news/webcasts ### * In accordance with the Council’s Transparency Policy, which is available at www.fsoc.gov , this portion of the meeting will be held in a closed session to prevent the potential disclosure of information contained in or related to investigation, examination, operating, or condition reports prepared by, on behalf of, or for the use of, an agency responsible for the regulation or supervision of financial markets or financial institutions; information which would lead to significant financial speculation, significantly endanger the stability of any financial market or financial institution, or significantly frustrate implementation of a proposed agency action; information exempted from disclosure by statute or by regulation, or authorized under criteria established by an Executive Order to be kept secret; trade secrets and commercial or financial information obtained from a person and privileged or confidential; and inter-agency and intra-agency memoranda or letters which would not otherwise be available by law.

U.S. Department of the Treasury Office of Public Affairs Press Release: March 12, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Sanctions Facilitators of DPRK IT Worker Fraud Targeting U.S. Businesses WASHINGTON —Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned six individuals and two entities for their roles in Democratic People’s Republic of Korea (DPRK) government-orchestrated information technology (IT) worker schemes that systematically defraud U.S. businesses and generate revenue to fund the DPRK’s weapons of mass destruction (WMD) programs, including nearly $800 million in 2024. “The North Korean regime targets American companies through deceptive schemes carried out by its overseas IT operatives, who weaponize sensitive data and extort businesses for substantial payments,” said Secretary of the Treasury Scott Bessent . “Under President Trump’s leadership, Treasury will continue to follow the money in order to protect U.S. businesses from these malicious activities and ensure those responsible are held accountable.” DPRK-facilitated IT teams commonly rely on fraudulent documentation, stolen identities, and fabricated personas to conceal their true identities and gain employment with legitimate companies, including those in the United States and allied countries. The DPRK government reportedly appropriates the majority of the wages earned by these overseas IT workers, generating hundreds of millions of dollars to support the regime’s WMD and ballistic missile programs, in violation of U.S. and United Nations sanctions. In certain instances, DPRK-affiliated workers have also covertly introduced malware into company networks to extract proprietary and sensitive information. This action is part of the United States’ whole-of-government effort to counter the DPRK’s wide-ranging revenue generation schemes and builds on several other actions OFAC has taken in the last several months to stop the DPRK’s IT worker schemes. In collaboration with our allies and partners, the United States will continue to counter DPRK’s IT worker schemes. More information about the tactics utilized by DPRK IT workers and steps that can be taken to protect private networks can be found in the January 23, 2025 Federal Bureau of Investigation Public Service Announcement, North Korean IT Workers Conducting Data Extortion , as well as the May 16, 2022 IT Worker Advisory issued by the Departments of State, Treasury, and Justice . KEY ENABLERS OF GLOBAL DPRK IT WORKER NETWORKS OFAC’s action today targets several DPRK IT worker networks by designating facilitators based in the DPRK, Vietnam, Laos, and Spain. Amnokgang Technology Development Company (Amnokgang) is a DPRK IT company managing delegations of overseas IT workers and conducting other illicit procurement activities to obtain and sell military and commercial technology through their overseas networks. Nguyen Quang Viet (Nguyen) is the Chief Executive Officer (CEO) of Quangvietdnbg International Services Company Limited (Quangvietdnbg), a company based in Vietnam. Nguyen facilitates currency conversion services for North Koreans through his company. Between mid-2023 and mid-2025, Nguyen converted approximately $2.5 million into cryptocurrency for North Koreans, which included converting illicit earnings from IT workers associated with Amnokgang. Amnokgang is being designated pursuant to Executive Order (E.O.) 13810 for operating in the information technology industry in North Korea. OFAC is designating Nguyen for having materially assisted, sponsored, or provided financial, material, or technological support for, goods or services to or in support of Amnokgang. Quangvietdnbg is being designated pursuant to E.O. 13810 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Nguyen. Do Phi Khanh (Do) is an associate of U.S.-sanctioned DPRK nuclear procurement facilitator Kim Se Un (Kim), who acts as Kim’s proxy and likely allows Kim to use his identity to open bank accounts and launder proceeds from DPRK IT workers. Hoang Van Nguyen (Hoang) also assists Kim in opening bank accounts, as well as enabling cryptocurrency transactions for Kim. Hoang has worked with Kim to procure foreign currency for the DPRK regime; in 2022, Hoang facilitated a counterfeit goods cigarette deal exceeding $200,000 on Kim’s behalf. OFAC is designating Do and Hoang pursuant to E.O. 13382 for having provided, or attempted to provide, financial, material, technological or other support for, or goods or services in support of Kim. Since at least 2023, DPRK national Yun Song Guk (Yun) led a group of North Korean IT workers that conduct freelance IT work operating out of Boten, Laos. Yun coordinated several dozen financial transactions totaling more than $70,000 with Hoang Minh Quang (Minh) relating to IT services performed by Yun. Since at least 2024, Yun also worked with York Louis Celestino Herrera (Celestino) to develop freelance IT service contracts for Yun. Yun is being designated pursuant to E.O. 13810 for being a North Korean person, including a North Korean person that has engaged in commercial activity that generates revenue for the Government of North Korea or the Workers’ Party of Korea. OFAC is designating Minh and Celestino pursuant to E.O. 13810 for having materially assisted, sponsored, or provided financial, material, or technological support for, goods or services to or in support of Yun. SANCTIONS IMPLICATIONS As a result of today’s action, all property and interests in property of the designated or blocked persons described above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by a general or specific license issued by OFAC, or exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked persons. Violations of U.S. sanctions may result in the imposition of civil or criminal penalties on U.S. and foreign persons. OFAC may impose civil penalties for sanctions violations on a strict liability basis. OFAC’s Economic Sanctions Enforcement Guidelines provide more information regarding OFAC’s enforcement of U.S. economic sanctions. In addition, financial institutions and other persons may risk exposure to sanctions for engaging in certain transactions or activities involving designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any designated or blocked person, or the receipt of any contribution or provision of funds, goods, or services from any such person. Non-U.S. persons are also prohibited from causing or conspiring to cause U.S. persons to wittingly or unwittingly violate U.S. sanctions, as well as engaging in conduct that evades U.S. sanctions. Individuals located in the U.S. or abroad who provide information about sanctions violations to Treasury’s Financial Crimes Enforcement Network’s (FinCEN) whistleblower incentive program may be eligible for awards if the information they provide leads to a successful enforcement action that results in monetary penalties exceeding $1,000,000. Furthermore, engaging in certain transactions involving the persons designated today may risk the imposition of secondary sanctions on participating foreign financial institutions. OFAC can prohibit or impose strict conditions on opening or maintaining, in the United States, a correspondent account or a payable-through account of a foreign financial institution that knowingly conducts or facilitates any significant transaction on behalf of a person who is designated pursuant to the relevant authority. The power and integrity of OFAC sanctions derive not only from OFAC’s ability to designate and add persons to the Specially Designated Nationals and Blocked Persons List (SDN List), but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior. For information concerning the process for seeking removal from an OFAC list, including the SDN List, or to submit a request, please refer to OFAC’s guidance on Filing a Petition for Removal from an OFAC List . Click here for more information on the persons designated today . ###

U.S. Department of the Treasury Office of Public Affairs Press Release: March 12, 2026 Contact: Treasury Public Affairs, Press@Treasury.gov Treasury Continues to Disrupt Hamas’ Sham Charity Network as the Group Refuses to Disarm WASHINGTON —Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating four sham charities that directly fund Hamas’s Military Wing and its terrorist activities. Hamas continues to rely on deceitful practices to hide its revenue-generating activities behind civilian organizations under the pretense of conducting humanitarian work, while in reality supporting the group’s continued efforts to fund their terrorist operations. “Hamas continues to finance its military wing by exploiting sham charities to support terrorist operations,” said Secretary of the Treasury Scott Bessent . “The Treasury Department will not allow Hamas to misuse the charitable sector for its violent aims, and we will continue to target these networks wherever they operate.” The entities included in today’s action underscore Hamas’ efforts to leverage a covert global network to fund its Military Wing, the Izz al-Din al-Qassam Brigades, which is responsible for carrying out some of the group’s most heinous terrorist activities. Today’s action builds on multiple previous OFAC actions against Hamas’ global network of sham charities, most recently on January 21, 2026 and June 10, 2025 . Hamas’ continued reliance on these types of organizations highlights the duplicity of its leaders, who prey on donors’ sympathies to siphon large sums of money into prolonging the suffering of Palestinians. Today’s action is being taken pursuant to the counterterrorism sanctions authority, Executive Order (E.O.) 13224, as amended. On October 31, 2001, the U.S. Department of State designated Hamas pursuant to E.O. 13224 for having committed, or posing a significant risk of committing, acts of terrorism that threaten the security of U.S. nationals, or the national security, foreign policy, or economy of the United States. Hamas is also designated as a Foreign Terrorist Organization pursuant to section 219 of the Immigration and Nationality Act. HAMAS-AFFILIATED CHARITIES IN TÜRKIYE AND INDONESIA As outlined in previous OFAC actions on October 7, 2024 , June 10, 2025 and January 21, 2026 , a key element of how Hamas raises overseas funds is through a network of nonprofit organizations that ultimately channel assets to local charities in Gaza that are controlled by Hamas. Ghazi Destek Dernegi (GDD), Hayat Yolu , and the Palestinian White Hands Assistance and Solidarity Association (Palestinian White Hands), are three Türkiye-based nonprofit organizations that are involved in this process and have provided significant material support to Hamas. GDD and Hayat Yolu are charities involved in Hamas’ international funding network that enables Hamas to generate external revenue in direct support of Hamas’ military wing. For example, a series of internal documents captured from Hamas show how GDD, working in collaboration with other sanctioned entities like Waed Society Gaza , has supported efforts to materially support individual Hamas members, as well as assist in construction projects that directly benefit Hamas. Separate internal Hamas documents also indicate Palestinian White Hands is integrated within the Hamas military wing security apparatus. Indonesia-based Komite Nasional Untuk Rakyat Palestina (KNRP) is a charity that Hamas military wing internal documents revealed has provided funding for charitable projects in Gaza that Hamas directly benefited from. For example, KNRP has coordinated with Hamas to fund and distribute material destined exclusively for Hamas fighters. Additionally, the Türkiye-based Hayat Yolu has been identified as an operational headquarters, banking and financial hub for the Muslim Brotherhood. Ghazi Destek Dernegi, Hayat Yolu, the White Hands Society, and Komite Nasional Untuk Rakyat Palestina are being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Hamas. SANCTIONS IMPLICATIONS As a result of today’s action, all property and interests in property of the designated or blocked persons described above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more blocked persons are also blocked. Unless authorized by OFAC, or exempt, OFAC’s regulations generally prohibit all transactions by U.S. persons or within (or transiting) the United States that involve any property or interests in property of blocked persons. Violations of U.S. sanctions may result in the imposition of civil or criminal penalties on U.S. and foreign persons. OFAC may impose civil penalties for sanctions violations on a strict liability basis. OFAC’s Economic Sanctions Enforcement Guidelines provide more information regarding OFAC’s enforcement of U.S. economic sanctions. In addition, financial institutions and other persons may risk exposure to sanctions for engaging in certain transactions or activities involving designated or otherwise blocked persons. The prohibitions include the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any designated or blocked person, or the receipt of any contribution or provision of funds, goods, or services from any such person. Individuals located in the U.S. or abroad who provide information about sanctions violations to Treasury’s Financial Crimes Enforcement Network (FinCEN) whistleblower incentive program may be eligible for awards if the information they provide leads to a successful enforcement action that results in monetary penalties exceeding $1,000,000. Furthermore, engaging in certain transactions involving the persons designated today may risk the imposition of secondary sanctions on participating foreign financial institutions. OFAC can prohibit or impose strict conditions on opening or maintaining, in the United States, a correspondent account or a payable-through account of a foreign financial institution that knowingly conducts or facilitates any significant transaction on behalf of a person who is designated pursuant to the relevant authority. The power and integrity of OFAC sanctions derive not only from OFAC’s ability to designate and add persons to the Specially Designated Nationals and Blocked Persons List (SDN List), but also from its willingness to remove persons from the SDN List consistent with the law. The ultimate goal of sanctions is not to punish, but to bring about a positive change in behavior. For information concerning the process for seeking removal from an OFAC list, including the SDN List, or to submit a request, please refer to OFAC’s guidance on Filing a Petition for Removal from an OFAC List . Click here for more information on the persons designated today . ###

U.S. Department of the Treasury Office of Public Affairs Press Release: March 12, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Secretary of the Treasury Scott Bessent to Travel to France WASHINGTON — On March 15-16, Secretary of the Treasury Scott Bessent will meet with Vice Premier He Lifeng of the People’s Republic of China (PRC) in Paris, France. “Thanks to the bonds of mutual respect between President Trump and President Xi, the trade and economic dialogue between the United States and China is moving forward,” said Secretary Bessent. “Under the guidance of President Trump, our team will continue to deliver results that put America’s farmers, workers, and businesses first.” ###

U.S. Department of the Treasury Office of Public Affairs Press Rel ease: March 10, 2026 Contact: Treasury Public Affairs, Press@Treasury.gov President Trump’s Tax Cuts are Putting More Money Back into the Pockets of American Families and Workers Nearly 45% of Tax Returns Claimed At Least One of President Trump’s New Tax Cuts WASHINGTON – At the midpoint of the 2026 tax filing season, households across America are reaping the benefits of President Trump’s Working Families Tax Cuts with millions of working families receiving bigger refunds and increased take-home pay. “Halfway through this filing season, the Working Families Tax Cuts are already delivering meaningful relief to middle- and low-income taxpayers, increasing after-tax income and putting more money back into the pockets of American families, workers, and small business owners,” said Treasury Secretary Scott Bessent. “Treasury and the IRS have worked tirelessly to ensure that relief was delivered efficiently, securely, and on time. This filing season reflects our commitment to making the tax system work for working families. Because of the landmark legislation signed into law by President Trump, millions of Americans are keeping more of what they earn and seeing their paychecks go further than ever before.” As of March 8, 2026: Nearly 63.5 million tax returns have been processed – 45 percent of the anticipated total number of tax returns by April 15 – with an average refund over $3,700 . Nearly 45 percent of tax returns – over 27.5 million – claimed at least one of President Trump’s new tax cuts on Schedule 1-A. Over 3.5 million returns have claimed No Tax on Tips Over 15.5 million returns have claimed No Tax on Overtime Over 9.2 million returns have claimed the Enhanced Deduction for Seniors Over 690,000 returns have claimed No Tax on Car Loan Interest Nearly 3.5 million Trump Accounts have been opened ; over 800,000 qualify for the $1,000 pilot program. Read more here . ###