Department of the Treasury press releases

READOUT: Financial Stability Oversight Council Meeting on July 15, 2026

U.S. Department of the Treasury Office of Public Affairs Press Release: July 15, 2026 Contact: Treasury Public Affairs, Press@treasury.gov READOUT: Financial Stability Oversight Council Meeting on July 15, 2026 WASHINGTON — Today, U.S. Secretary of the Treasury Scott Bessent convened a meeting of the Financial Stability Oversight Council (Council) in executive session at the U.S. Department of the Treasury (Treasury). During the executive session, the Council received a briefing from Treasury staff on a recent interagency tabletop exercise on geopolitical risk hosted by Treasury as part of the Council’s work to promote economic security. The Council also received a presentation from Treasury staff on the work of the Council’s Artificial Intelligence (AI) Working Group and a briefing on four public-private roundtables co-hosted by the Council and Treasury as part of the AI Innovation Series. These discussions were intended to support the continued strength and resilience of the U.S. financial system in an era of accelerating technological change. The Council then heard a presentation from Treasury staff on the Council’s quarterly financial stability monitor. The presentation described key developments during the second quarter of 2026 in the banking sector, financial markets, household finances, and financial innovation. The presentation also featured discussion of supply chain risks, AI implications for the labor and capital markets, and cybersecurity. In addition, the Council received a presentation from Treasury staff on the public comments received on the Council’s proposed interpretive guidance on nonbank financial company designations. The Council will continue to work toward finalizing the guidance. Finally, the Council heard a presentation from Treasury staff on planning for the Council’s upcoming 2026 annual report. The Council also voted to approve the minutes of its previous meeting on May 6, 2026. In attendance at the Council meeting at Treasury were the following members: Scott Bessent, Secretary of the Treasury (Chairperson of the Council) Kevin Warsh, Chairman, Board of Governors of the Federal Reserve System Jonathan V. Gould, Comptroller of the Currency Russell Vought, Acting Director, Consumer Financial Protection Bureau Paul S. Atkins, Chairman, Securities and Exchange Commission Travis Hill, Chairman, Federal Deposit Insurance Corporation Michael S. Selig, Chairman, Commodity Futures Trading Commission Aaron Kofsky, Acting Deputy Director, Division of Housing Mission and Goals, Federal Housing Finance Agency (acting pursuant to delegated authority) Kyle S. Hauptman, Chairman, National Credit Union Administration Steven Seitz, Director, Federal Insurance Office (non-voting member) Elizabeth K. Dwyer, Director, Rhode Island Department of Business Regulation (non-voting member) Lise Kruse, Commissioner, North Dakota Department of Financial Institutions (non-voting member) Additional information regarding the Council, its work, and the recently approved meeting minutes is available at http://www.fsoc.gov . ###

Treasury Targets Global Network Procuring Weapons for Iranian Regime

U.S. Department of the Treasury Office of Public Affairs Press Release: July 15, 2026 Contact: Treasury Public Affairs, Press@treasury.gov READOUT: Financial Stability Oversight Council Meeting on July 15, 2026 WASHINGTON — Today, U.S. Secretary of the Treasury Scott Bessent convened a meeting of the Financial Stability Oversight Council (Council) in executive session at the U.S. Department of the Treasury (Treasury). During the executive session, the Council received a briefing from Treasury staff on a recent interagency tabletop exercise on geopolitical risk hosted by Treasury as part of the Council’s work to promote economic security. The Council also received a presentation from Treasury staff on the work of the Council’s Artificial Intelligence (AI) Working Group and a briefing on four public-private roundtables co-hosted by the Council and Treasury as part of the AI Innovation Series. These discussions were intended to support the continued strength and resilience of the U.S. financial system in an era of accelerating technological change. The Council then heard a presentation from Treasury staff on the Council’s quarterly financial stability monitor. The presentation described key developments during the second quarter of 2026 in the banking sector, financial markets, household finances, and financial innovation. The presentation also featured discussion of supply chain risks, AI implications for the labor and capital markets, and cybersecurity. In addition, the Council received a presentation from Treasury staff on the public comments received on the Council’s proposed interpretive guidance on nonbank financial company designations. The Council will continue to work toward finalizing the guidance. Finally, the Council heard a presentation from Treasury staff on planning for the Council’s upcoming 2026 annual report. The Council also voted to approve the minutes of its previous meeting on May 6, 2026. In attendance at the Council meeting at Treasury were the following members: Scott Bessent, Secretary of the Treasury (Chairperson of the Council) Kevin Warsh, Chairman, Board of Governors of the Federal Reserve System Jonathan V. Gould, Comptroller of the Currency Russell Vought, Acting Director, Consumer Financial Protection Bureau Paul S. Atkins, Chairman, Securities and Exchange Commission Travis Hill, Chairman, Federal Deposit Insurance Corporation Michael S. Selig, Chairman, Commodity Futures Trading Commission Aaron Kofsky, Acting Deputy Director, Division of Housing Mission and Goals, Federal Housing Finance Agency (acting pursuant to delegated authority) Kyle S. Hauptman, Chairman, National Credit Union Administration Steven Seitz, Director, Federal Insurance Office (non-voting member) Elizabeth K. Dwyer, Director, Rhode Island Department of Business Regulation (non-voting member) Lise Kruse, Commissioner, North Dakota Department of Financial Institutions (non-voting member) Additional information regarding the Council, its work, and the recently approved meeting minutes is available at http://www.fsoc.gov . ###

Treasury Targets Global Network Procuring Weapons for Iranian Regime

U.S. Department of the Treasury Office of Public Affairs Press Release: July 15, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Targets Global Network Procuring Weapons for Iranian Regime WASHINGTON — Today, following Iran’s attacks on commercial vessels in the Strait of Hormuz, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned seven individuals and entities involved in an international network supporting weapons procurement efforts on behalf of the Islamic Revolutionary Guard Corps (IRGC). The actors designated today exemplify Iran’s use of foreign aviation and transport firms, financial conduits, and travel coordinators to obscure the IRGC’s role in illicit procurement and to move material and personnel globally. OFAC will continue to disrupt the overseas procurement and financial networks that sustain Iran’s weapons production and proliferation efforts, which threaten Americans and U.S. partners and allies worldwide. “President Trump has been clear that Iran must denuclearize,” said Secretary of the Treasury Scott Bessent . “Treasury will continue to target and disrupt the illicit procurement networks that fund Iran’s weapons programs and war machine.” Today’s action builds on OFAC’s May 8, 2026 and June 10, 2026 designations, which targeted, among others, procurement networks that sourced weapons for the IRGC and Iran’s Center for Innovation and Technology Cooperation (CITC), including man-portable air-defense systems (MANPADS). OFAC is acting pursuant to Executive Order (E.O.) 13382, which targets weapons of mass destruction (WMD) proliferators and their supporters. The U.S. Department of State designated the IRGC pursuant to E.O. 13382 in October 2007 in connection with Iran’s ballistic missile program, and today’s action advances National Security Presidential Memorandum 2 , which directs the U.S. government to deny the IRGC access to assets and resources that sustain its destabilizing activities. IRGC PROCUREMENT NETWORK Iranian national Behrouz Namazi (Namazi) is the general director of Nika Jet Company , a Tehran-based provider of services for the production, distribution, and maintenance of aircraft parts and drones. Namazi has sought to secure weapons on behalf of the IRGC. Nigeria-based Vanguard Tactical Supply Limited (Vanguard Tactical Supply) is an intermediary for Namazi’s efforts, and Milan-based Italian national Dounia Ettaib (Ettaib) is a witting participant in efforts to procure weapons for Namazi. Russian national Mariya Vladimirovna Selina (Selina) is a longtime procurement agent for Iran. Selina is the head of the financial department at Avratek OOO (Avratek), an aviation transportation company based in Moscow, and has supported Namazi’s procurement efforts on behalf of the IRGC. Russian national Vadim Anatolyevich Druzhbin (Druzhbin) is also an employee at Avratek and has coordinated travel for Namazi and Selina. Druzhbin has previously been involved in coordinating Iranian shipments. Namazi and Selina are being designated 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, the IRGC. Nika Jet is being designated pursuant to E.O. 13382 for being owned or controlled by, or acting or purporting to act for or on behalf of, directly or indirectly, Namazi. Vanguard Tactical Supply, Ettaib, and Avratek are being designated 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, Namazi. Druzhbin is being designated pursuant to E.O. 13382 for acting or purporting to act for or on behalf of, directly or indirectly, Avratek. 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. 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 . ###

Treasury Announces Frank Bisignano to Lead Next Phase of Trump Accounts Expansion

U.S. Department of the Treasury Office of Public Affairs Press Release: July 15, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Announces Frank Bisignano to Lead Next Phase of Trump Accounts Expansion WASHINGTON — Following the historic joint bell-ringing in the Oval Office on July 6, 2026, marking the launch of Trump Accounts, the U.S. Department of the Treasury announces that Frank Bisignano will lead the implementation of the program’s next phase. As Chief Executive Officer of the Internal Revenue Service and Commissioner of the Social Security Administration, Mr. Bisignano has been involved in the effort, and his experience will support the program’s implementation and continued growth. Before joining the Trump Administration, he was a veteran financial services chief executive with close to four decades leading large organizations through transformational growth and building high-performing executive teams. Treasury looks forward to onboarding millions more American children into the initiative, building on the strong early participation already underway. Over 6.5 million families have signed up for Trump Accounts, including more than 1.5 million children eligible for the $1,000 pilot contribution from Treasury. ###

Treasury Intensifies Pressure on Shamkhani’s Expansive Illicit Shipping Empire

U.S. Department of the Treasury Office of Public Affairs Press Release: July 14, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Intensifies Pressure on Shamkhani’s Expansive Illicit Shipping Empire WASHINGTON— Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is intensifying its efforts to disrupt and degrade the illicit shipping and sanctions evasion network of Mohammad Hossein Shamkhani (Shamkhani). This action is part of Treasury’s ongoing efforts to ramp up economic pressure on the Iranian regime after it resumed destabilizing attacks in the Strait of Hormuz. The Shamkhani network remains a major force behind Iran’s oil exports and has expanded into global containerized shipping and commodities trading. “The Iranian regime survives on deception, and the Shamkhani network is one of its most profitable engines,” said Secretary of the Treasury Scott Bessent . “Treasury is shutting down the financial infrastructure that allows the regime to continue its threats to U.S. national security and global shipping.” Today’s action includes more than 50 individuals, entities, and vessels that enable Shamkhani and the Iranian regime to continue profiting while the Iranian people remain burdened under the economic yoke imposed by their government. Today’s action builds on OFAC’s April 2026 and July 2025 designation actions targeting the Shamkhani network, and Treasury has now sanctioned more than 200 individuals, entities, and vessels operating under Shamkhani’s patronage. Today’s action is being taken pursuant to Executive Order (E.O.) 13902, which provides authority to the Secretary of the Treasury, in consultation with the Secretary of State, to identify and impose sanctions on key sectors of Iran’s economy. Today’s action also reflects OFAC’s ongoing close collaboration with Treasury’s Financial Crimes Enforcement Network (FinCEN). Treasury continues to target Iranian oil sales under the President’s National Security Presidential Memorandum 2 (NSPM-2). KEY FINANCIAL AND LOGISTICS ASSOCIATES Iranian nationals Hossein Ghorbani Zahed (Zahed) and Mohammad Reza Rahbar Madani (Madani), both of whom also hold Dominica passports, have worked as primary financiers for Shamkhani’s network, providing it with exchange house services including access to foreign currency and shell companies based outside of Iran. Madani and Zahed are essential for the network’s ability to trade in sanctioned goods and recoup the proceeds. Zahed is the beneficial owner of British Virgin Islands- and Dubai-based Golden Nest Group Ltd , and the director of Dubai-based BSG Management Ltd . Iranian and Russian dual national Ali Rakhbarmadani , one of Shamkhani’s closest business associates, is linked to multiple companies within the network, including sanctioned companies Koban Shipping L.L.C., Crios Shipping L.L.C., and Marvise SMC DMCC. Ali Rakhbarmadani is also the owner of Dubai-based Al Kina Commercial Broker LLC —a company tied to the Shamkhani network—and was the deputy chief executive officer of sanctioned Oriel Group prior to its designation. Ali Rakhbarmadani effectively operated as the head of shipping for Shamkhani, handling much of the network’s communications with customers and partners. Ali Rakhbarmadani encouraged the Russian side of the Shamkhani network’s trade to find ways to avoid the price cap on Russian oil to maximize profits following Russia’s invasion of Ukraine. Martin Austin Kaalund (Kaalund), a Danish national, and Alessandra Ronco (Ronco), an Italian national, both spent years as executives of sanctioned Shamkhani shipping oversight company House of Shipping Investment FZCO (House of Shipping), most recently as the global chief financial officer and global chief executive officer, respectively. Kaalund and Ronco played key day-to-day and strategic roles in House of Shipping’s operations. Kaalund and Ronco are the co-founders and managers of Dubai-based Evorit Strategy Consulting LLC-FZ . Asghar Aghili Dehkordi , an Iranian national, has also served in a strategy role for multiple Shamkhani network companies, including sanctioned Milavous Group Ltd. Indian national Jijin George (George) and Iranian national Behzad Moghadas are involved in facilitating the operation of vessels within the Shamkhani fleet. George is an employee of sanctioned company Teodor Shipping L.L.C. Gautam Vishavdeep (Vishavdeep), an Indian national, is a manager within the Shamkhani network, facilitating shipments of Iranian oil and coordinating with network partners. British national Maksim Tsernosjov is a senior vessel inspector in Shamkhani’s illicit shipping network. UAE-based Dezera Shipping FZCO provides management services for Shamkhani vessels OPAL (IMO 9467158) and JADE (IMO 9418999), including serving as a billing company. UAE-based Glavos Shipping FZCO is a service provider to the Shamkhani fleet. Mohammad Reza Rahbar Madani, Hossein Ghorbani Zahed, Ali Rakhbarmadani, Asghar Aghili Dehkordi, Glavos Shipping FZCO, Dezera Shipping FZCO, Maksim Tsernosjov, Gautam Vishavdeep, Behzad Moghadas, and Jijin George are being designated pursuant to E.O. 13902 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Mohammad Hossein Shamkhani. Al Kina Commercial Broker LLC is being designated pursuant to E.O. 13902 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Ali Rakhbarmadani. Martin Austin Kaalund is being designated pursuant to E.O. 13902 for having acted or purported to act for or on behalf of, directly or indirectly, House of Shipping Investment FZCO. Evorit Strategy Consulting LLC-FZ is being designated pursuant to E.O. 13902 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Martin Austin Kaalund. Alessandra Ronco is being designated pursuant to E.O. 13902 for having acted or purported to act for or on behalf of, directly or indirectly, Evorit Strategy Consulting LLC-FZ. Golden Nest Group Ltd and BSG Management Ltd are being designated pursuant to E.O. 13902 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Hossein Ghorbani Zahed. SHAMKHANI’S CONTAINERIZED SHIPPING Singapore-based Sea Lead Shipping PTE. Ltd. (Sea Lead) and its subsidiaries Dubai-based Sea Lead Shipping DMCC , Marshall Islands-based Sea Lead Shipping Marshall Islands Ltd , and India-based Sea Lead Shipping Agency India Private Limited are key containerized shipping firms within the Shamkhani network, managing and operating a fleet of vessels carrying goods around the world. Sea Lead, its subsidiaries, and Dubai-based Volta Shipping Services LLC enable the network to carry licit and illicit goods to and from Iran, including to Iran-backed foreign terrorist organization Ansarallah , commonly known as the Houthis, in Yemen. Sea Lead is the manager and operator of Panama-flagged SHENTON WAY (IMO 9146314) and TANJONG PAGAR 1 (IMO 9404508), and Antigua and Barbuda-flagged PAYA LEBAR (IMO 9134232). Dubai-based We Freight Shipping LLC makes up part of the We Freight group of companies, with offices in UAE, India, and Thailand, that provide transportation intermediary services to meet the needs of the Shamkhani network’s container shipping businesses. The We Freight group of companies similarly allows for the blending of illicit and licit trade, with the proceeds of both ultimately benefiting Shamkhani. OFAC is also sanctioning the following vessels and associated companies operating as part of the Shamkhani containerized fleet and in Shamkhani-associated shipping networks. OFAC is designating the following owners and identifying their respective vessels as blocked property: Dubai-based Lubeck Shipping LLC , the owner and operator of Palau-flagged GEMMA (IMO 9509097); Marshall Islands-based Aare Lines Inc. , the owner and operator of St Kitts & Nevis-flagged NADIA (IMO 9122461); Marshall Islands-based Hope 1 Shipping Inc , the owner and operator of Antigua and Barbuda-flagged HOPE 1 (IMO 9514339); Hong Kong-based Ocean Searum One Limited , the owner and operator of Barbados-flagged ELPINIKI (IMO 9606015), also known as CORN; St Kitts & Nevis-based Nuvetrro Shipping Inc , the owner and operator of Antigua and Barbuda-flagged JADE (IMO 9418999); St Kitts & Nevis-based Veltrrivo Shipping Inc , the owner and operator of Antigua and Barbuda-flagged OPAL (IMO 9467158); and Marshall Islands-based Kangri 1 Inc , the owner and operator of Antigua and Barbuda-flagged CICCIO (IMO 9192442). Hong Kong-based Sai Wan Shipping Limited , one of the network’s many shipping firms, is the previous manager and operator of HOPE 1, ELPINIKI, JADE, and OPAL. As of March 2026, sanctioned House of Shipping’s group of companies included Sai Wan Shipping Limited, Sea Lead Shipping PTE. Ltd. and subsidiaries of Sea Lead Shipping PTE. Ltd., Sea Lead Shipping DMCC, and Sea Lead Shipping Marshall Islands Ltd. The Shamkhani fleet’s reach extends to the Caspian Sea, where it controls a group of container ships and cargo vessels primarily transporting goods between Iran and Russia. Shamkhani’s Caspian Sea fleet includes: Iran-flagged SEPEHR PAYAM (IMO 9110535), owned by Iran-based Ava Tarabar Darya Company ; Iran-flagged ERIKA (IMO 8721454), owned by the aforementioned Shamkhani financier Mohammad Reza Rahbar Madani; and Iran-flagged ARKANOOR 2 (IMO 8727848) and ARKANOOR 3 (IMO 8832083), both owned, operated, and managed by Iran-based Sepehr Noor Mobin Company . The fleet further includes four vessels with undisclosed ownership and governed by unknown flag states, which are known to operate for Shamkhani: SEA CRUISER (IMO 8729963); SEA CASTLE (IMO 8891572); SEA ANCHOR (IMO 8858099); and SEA GALLEON (IMO 8843666). OFAC is also sanctioning two tankers operating as part of Shamkhani’s fleet: DARIKA (IMO 9506693), owned by Marshall Islands-based Hansa Shipping Inc , and VIRENT (IMO 9332171), owned by Marshall Islands-based Platinum Knights Ltd . DARIKA and VIRENT have transported cargoes of Russian petroleum products for the Shamkhani network. Sea Lead Shipping PTE. Ltd. is being designated pursuant to E.O. 13902 for being owned or controlled by, or to have acted or purported to act for or on behalf of, directly or indirectly, Mohammad Hossein Shamkhani. Sea Lead Shipping DMCC, Sea Lead Shipping Marshall Islands Ltd, and Sea Lead Shipping Agency India Private Limited are being designated pursuant to E.O. 13902 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Sea Lead Shipping PTE. Ltd. Volta Shipping Services LLC, We Freight Shipping LLC, Lubeck Shipping LLC, Aare Lines Inc., Hope 1 Shipping Inc, Ocean Searum One Limited, Nuvetrro Shipping Inc, Veltrrivo Shipping Inc, Ava Tarabar Darya Company, Sepehr Noor Mobin Company, Hansa Shipping Inc, Platinum Knights Ltd, Sai Wan Shipping Limited, and Kangri 1 Inc are being designated pursuant to E.O. 13902 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Mohammad Hossein Shamkhani. ARKANOOR 2 and ARKANOOR 3 are being identified as blocked property in which Sepehr Noor Mobin Company has an interest. SHENTON WAY, TANJONG PAGAR 1, and PAYA LEBAR are being identified as blocked property in which Sea Lead Shipping PTE. Ltd. has an interest. SEPEHR PAYAM is being identified as blocked property in which Ava Tarabar Darya Company has an interest. ERIKA is being identified as blocked property in which Mohammad Reza Rahbar Madani has an interest. SEA CRUISER, SEA CASTLE, SEA ANCHOR, and SEA GALLEON are being identified as blocked property in which Mohammad Hossein Shamkhani has an interest. 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, or 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 designated or otherwise 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 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 (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. 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 and vessels identified as blocked property today . ###

Treasury International Capital Data for May

U.S. Department of the Treasury Office of Public Affairs Press Release: July 14, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury International Capital Data for May WASHINGTON — The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for May 2026. The next release, which will report on data for June 2026, is scheduled for August 17, 2026. The sum total in May of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $132.2 billion. Of this, net foreign private inflows were $172.0 billion, and net foreign official outflows were $39.9 billion. Foreign residents increased their holdings of long-term U.S. securities in May; their net purchases were $262.8 billion. Net purchases by private foreign investors were $246.8 billion, and net purchases by foreign official institutions were $16.1 billion. U.S. residents increased their holdings of long-term foreign securities, with net purchases of $30.1 billion. After including adjustments, such as estimated foreign portfolio acquisitions of U.S. stocks through stock swaps, overall net foreign purchases of long-term securities are estimated to have been $232.7 billion in May. Foreign residents decreased their holdings of U.S. Treasury bills by $43.5 billion. Foreign resident holdings of all dollar-denominated short-term U.S. securities and other custody liabilities decreased by $30.6 billion. Banks’ own net dollar-denominated liabilities to foreign residents decreased by $70.0 billion. Complete data are available on the Treasury website here. ### About TIC Data The monthly data on holdings of long-term securities, as well as the monthly table on Major Foreign Holders of Treasury Securities, reflect foreign holdings of U.S. securities collected primarily on the basis of custodial data. These data help provide a window into foreign ownership of U.S. securities, but they cannot attribute holdings of U.S. securities with complete accuracy. For example, if a U.S. Treasury security purchased by a foreign resident is held in a custodial account in a third country, the true ownership of the security will not be reflected in the data. The custodial data will also not properly attribute U.S. Treasury securities managed by foreign private portfolio managers who invest on behalf of residents of other countries. In addition, foreign countries may hold dollars and other U.S. assets that are not captured in the TIC data. For these reasons, it is difficult to draw precise conclusions from TIC data about changes in the foreign holdings of U.S. financial assets by individual countries. PR table for press 2026 May.csv slt_table1 2026 May.csv slt_table4 2026 May.csv slt_table5 2026 May.csv npr_history 2026 May.csv

Treasury Sanctions Malware and Infrastructure Providers Supporting Ransomware Attacks Against Americans

U.S. Department of the Treasury Office of Public Affairs Press Release: July 13, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Sanctions Malware and Infrastructure Providers Supporting Ransomware Attacks Against Americans WASHINGTON— Today, the Office of Foreign Assets Control (OFAC) is designating two individuals and one entity enabling ransomware actors’ and other cybercriminals’ malign activities, notably ransomware attacks against Americans. These include First VPN Service ( 1VPNS ), a virtual private network (VPN) provider selling services to ransomware groups, and its administrator, Dmytro Rashevskyi ( Rashevskyi ). OFAC is also designating Yegeniy Vladimirovich Silayev ( Silayev ), an individual who sells “cryptors,” which are tools used to disguise ransomware and other malware as safe programs to prevent security systems from detecting or deactivating them. Ransomware groups utilizing these individuals’ services have caused billions of dollars in losses to U.S. businesses and critical infrastructure providers. “Under President Trump’s leadership, Treasury is using every available tool to disrupt the cybercriminal ecosystem and protect the American people,” said Gene Lange , who is performing the duties of the Under Secretary for Terrorism and Financial Intelligence. “We will continue targeting the actors who enable ransomware attacks against Americans and our critical infrastructure.” This action is being coordinated with the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO). Today, the FCDO is sanctioning other cybercriminals and their enablers. This action also follows a May 2026 takedown of 1VPNS’s website and other infrastructure by European law enforcement authorities, with the support of the Federal Bureau of Investigation’s (FBI) Boston Field Office. The FBI has also released a cybersecurity advisory describing 1VPNS’s tactics, techniques, and procedures to help U.S. and other businesses detect and prevent ransomware attacks. Click here to report cyber-enabled crime to the FBI. These designations are being issued in furtherance of President Trump’s Executive Order (E.O.) 14390 of March 6, 2026, “Combatting Cybercrime, Fraud, and Predatory Schemes Against American Citizens,” which orders U.S. government agencies to take action to protect Americans from, and harden our financial and digital systems against, the threat posed by foreign actors engaged in cybercrime, cyber-enabled fraud, extortion, and predatory schemes. OFAC is designating these persons pursuant to E.O. 13694, as amended by E.O. 13757, E.O. 14144, and E.O. 14306 (“E.O. 13694, as amended”). 1VPNS: VPN SERVICE ENABLING RANSOMWARE OPERATIONS 1VPNS is a VPN provider whose principal clients include ransomware actors and other cybercriminals. VPNs, which allow users to encrypt their internet traffic and hide their computers’ true location, have legitimate uses for privacy and security, but can support malicious activity if misused. Numerous ransomware groups have purchased infrastructure from 1VPNS, which they have leveraged in attacks on U.S. companies and institutions—including to hide the origins of their attacks, deploy malware, and manage exfiltrated data. Victims of ransomware attacks that involved the use of 1VPNS infrastructure have included U.S. businesses, financial services companies, hospitals, and municipal governments. 1VPNS and its administrator, Rashevskyi, have provided this technological support to illicit actors. Since 2014, 1VPNS has advertised its services on multiple online cybercriminal forums, stating that it does not keep logs of users’ identities or activities, and that it refuses to cooperate with law enforcement investigations into illegal activity originating from the servers it rents to customers. Rashevskyi has used false identities, including “Maksim Sorin” and “Roman Chabanenko,” to buy infrastructure from companies that might otherwise refuse to do business with him because of complaints of abuse from internet service providers about illegal activity originating from 1VPNS servers. OFAC is designating 1VPNS and Rashevskyi pursuant to E.O. 13694, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, cyber-enabled activities originating from, or directed by persons located, in whole or substantial part, outside the United States that are reasonably likely to result in, or have materially contributed to, a threat to the national security, foreign policy, or economic health or financial stability of the United States, and that have the purpose of or involve engaging in a ransomware attack, such as extortion through malicious use of code, encryption, or other activity to affect the confidentiality, integrity, or availability of data or a computer or network of computers, against a United States person, the United States, a United States ally or partner, or a citizen, national, or entity organized under the laws thereof. OTHER ENABLERS OF THE CYBERCRIME ECOSYSTEM In addition to 1VPNS and Rashevskyi, OFAC is designating Silayev, a Belarusian national and a cryptor provider who has supplied encryption and obfuscation services to ransomware operators targeting U.S. and allied entities. Unlike legitimate encryption tools, which are designed to protect data and the privacy of the people that own it, cryptors are built specifically to make malware stealthier and more effective by disguising it as harmless files. OFAC is designating Silayev pursuant to E.O. 13694, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, cyber-enabled activities originating from, or directed by persons located, in whole or substantial part, outside the United States that are reasonably likely to result in, or have materially contributed to, a threat to the national security, foreign policy, or economic health or financial stability of the United States, and that have the purpose of or involve engaging in a ransomware attack, such as extortion through malicious use of code, encryption, or other activity to affect the confidentiality, integrity, or availability of data or a computer or network of computers, against a United States person, the United States, a United States ally or partner, or a citizen, national, or entity organized under the laws thereof. 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. 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 United States or abroad who provide information about sanctions violations to Treasury’s Financial Crimes Enforcement Network’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. 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 individuals and entities designated or otherwise blocked today . ###

Treasury Targets Key Supreme Leader Financier and Iran’s Shadow Exchange Houses

U.S. Department of the Treasury Office of Public Affairs Press Release: July 10, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Targets Key Supreme Leader Financier and Iran’s Shadow Exchange Houses WASHINGTON— Today, following Iran’s resumption of attacks on international shipping in the Strait of Hormuz, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against Iranian financial facilitator Ali Ansari (Ansari) , who oversees a sprawling global network of assets benefitting Iran’s leader—Mojtaba Khamenei—and other regime elites. Ansari has effectively institutionalized large‑scale embezzlement within the Iranian regime, diverting publicly funded wealth into an extensive overseas portfolio of real estate and commercial holdings to enrich himself, regime elites—including notable senior figures within the Supreme Leader’s Office—and the Islamic Revolutionary Guard Corps (IRGC). OFAC today also targeted key Iranian exchange houses that move billions of dollars annually on behalf of sanctioned Iranian banks, using layers of shell companies to obscure the regime’s illicit financial activity. “The so-called Supreme Leader is hiding in seclusion while his regime crumbles,” said Secretary of the Treasury Scott Bessent . “Treasury will continue using every tool at its disposal to isolate him and other regime elites from the global financial system. We will preserve these assets for the Iranian people.” Today’s action is being taken pursuant to E.O. 13902, which targets persons operating in Iran’s financial and petroleum sectors, E.O. 13876, which focuses on the Supreme Leader of Iran and his affiliates, and the counterterrorism authority E.O. 13224, as amended by E.O. 13886 (“E.O. 13224, as amended”). These designations build on a series of OFAC actions targeting Iranian shadow banking and currency exchange house networks. KEY FINANCIER FOR THE SUPREME LEADER’S OFFICE Dubai-based Iranian national Ali Ansari has made a name for himself by institutionalizing embezzlement within the Iranian regime and has subsequently amassed a global network of investment properties and financial holdings, both on behalf of Mojtaba Khamenei and for his own self-serving interests by using his close ties to regime elites to enrich himself and his allies at the expense of the Iranian people. Ansari was previously the owner and director of the U.S. sanctioned and now bankrupt and defunct Ayandeh Bank , and he used this position to overextend loans and embezzle billions of dollars from the Iranian people until the Iranian government forced the bank’s dissolution in mid-October 2025. Ayandeh Bank racked up billions in debt as it issued loans backed by the Central Bank of Iran to Ansari’s own companies and commercial ventures in Iran. While Ansari’s embezzlement was causing untold damage to Iran’s economy and the already soaring inflation affecting the daily lives of ordinary Iranians, Ansari was using his publicly funded wealth to simultaneously expand an overseas business empire on behalf of Mojtaba Khamenei. Using numerous shell companies and bank accounts across multiple jurisdictions, Ansari has accumulated millions of dollars’ worth of holdings under the Saint Kitts and Nevis-based Smart Global Limited , a holding company established in 2011 under the former name Ziba Leisure Limited. Through Smart Global Limited, Ansari has invested the Iranian people’s money into real estate and commercial properties throughout Germany, Luxembourg, Spain, the United Kingdom, Cyprus, the United Arab Emirates, and beyond. Although held in Ansari’s name, many of these financial interests are ultimately held for the financial benefit of Mojtaba Khamenei, his family, and other Iranian elites in the regime and the IRGC who have protected Ansari from facing punishment despite his blatant corruption and the significant damage he has caused to the Iranian economy and people. Ali Ansari is being designated pursuant to E.O. 13876 for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, Mojtaba Khamenei, as well as pursuant to E.O. 13224, as amended, for having acted or purported to act for or on behalf of, directly or indirectly, the IRGC. Smart Global Limited is being designated pursuant to E.O. 13876 for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, Ali Ansari, and pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act for or on behalf of, directly or indirectly, Ali Ansari. IRANIAN EXCHANGE HOUSES Iran’s international banking activities are heavily reliant on Iran-based currency exchange houses which hold and move money on behalf of their Iranian bank customers. These exchange houses are often family-run “general partnership” companies formed by at least two individuals, wherein the company partners are ultimately liable for the funds with which they are entrusted by the banks. Mohammad Darbani , Shokufeh Rostam Abadi , and Zahra Sarshari are the controlling partners of Iranian exchange house Mohammad Darbani and Partners Exchange General Partnership Company , which has facilitated transactions moving hundreds of millions of dollars in foreign currency on behalf of sanctioned Iranian banks over the last several years. As of early 2026, Darbani Exchange held tens of millions of dollars’ worth of foreign currency on behalf of its sanctioned Iranian bank customers. Shokufeh Rostam Abadi is the exchange house’s chief executive officer (CEO) while Mohammad Darbani is the chairman of the board of directors and Zahra Sarshari is a board member. Ahmad Navai Lavasani and Amir Navai Lavasani are the controlling partners of Iranian exchange house Lavasani and Partners General Partnership Company , which has entered into contracts with sanctioned Iranian banks Bank Melli, Bank Saderat, Sina Bank, Shahr Bank, Eghtesad Novin Bank, Tourism Bank, Bank Pasargad, and Bank Mellat. As of early 2026, Lavasani Exchange held hundreds of millions of dollars’ worth of foreign currency on behalf of its sanctioned Iranian bank customers and has facilitated transactions moving hundreds of millions of dollars in foreign currency on behalf of sanctioned Iranian banks over the last several years. Ahmad Navai Lavasani is the exchange house CEO and Amir Navai Lavasani is the chairman of the board of directors. Mohsen Khandan and Ali Asghar Khandan are the controlling partners of Iranian exchange house Mohsen Khandan and Partners General Partnership Company , which has entered into contracts with sanctioned Iranian banks Parsian Bank, Export Development Bank, Bank Saderat, Bank Sepah, Sina Bank, Karafarin Bank, Saman Bank, and Tejarat Bank. Khandan Exchange holds over $117 million in foreign currency on behalf of sanctioned Iranian banks. Mohsen Khandan is the exchange house CEO and Ali Asghar Khandan is the only other partner and board member. Mohammad Darbani and Partners Exchange General Partnership Company, Lavasani and Partners General Partnership Company, and Mohsen Khandan and Partners General Partnership Company are being designated pursuant to E.O. 13902 for operating in the financial sector of the Iranian economy. Mohammad Darbani, Shokufeh Rostam Abadi, and Zahra Sarshari are being designated pursuant to E.O. 13902 for acting for or on behalf of, directly or indirectly, Mohammad Darbani and Partners Exchange General Partnership Company. Ahmad Navai Lavasani and Amir Navai Lavasani are being designated pursuant to E.O. 13902 for acting for or on behalf of, directly or indirectly, Lavasani and Partners General Partnership Company. Mohsen Khandan and Ali Asghar Khandan are being designated pursuant to E.O. 13902 for acting for or on behalf of, directly or indirectly, Mohsen Khandan and Partners General Partnership Company. These exchange houses move and maintain the equivalent of billions of dollars annually on behalf of sanctioned Iranian banks, which transact through vast layers of cover and shell companies that conceal the sanctioned Iranian commercial parties ultimately behind these transactions. Hong Kong-based CDM Trading Limited is a front company which has been used to conduct financial transactions by multiple Iranian exchange houses, to include Mohsen Khandan and Partners General Partnership Company. Similarly, Naba Alzaki Raw Materials Trading LLC is a UAE-based front company which has been used by Mohsen Khandan and Partners General Partnership Company as part of Iran’s rahbar network. CDM Trading Limited and Naba Alzaki Raw Materials Trading LLC are being designated pursuant to E.O. 13902 for operating in the financial sector of the Iranian economy. 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. 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. In addition, financial institutions and other persons may risk exposure to sanctions for engaging in certain transactions or activities with designated or otherwise blocked persons. 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 . ###

Making Market History: America Celebrates President Trump’s Joint Bell-Ringing Ceremony as Trump Accounts Launch

U.S. Department of the Treasury Office of Public Affairs Press Release: July 6, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Making Market History: America Celebrates President Trump's Joint Bell-Ringing Ceremony as Trump Accounts Launch WASHINGTON, D.C. - Today, the New York Stock Exchange and Nasdaq joined President Donald J. Trump, U.S. Secretary of the Treasury Scott Bessent, and other influential leaders in the Oval Office to ring the opening bell in celebration of the first market opening after the full launch of Trump Accounts. President Donald J. Trump: Today is a historic day. As we begin America’s 250 th year, we’re launching what’s called Trump Accounts… to ensure that every American child is born with a head start and a fair shot at the American Dream. Treasury Secretary Scott Bessent: The American Dream belongs to every child. Today, we are equipping the next generation to claim their rightful share. Thanks to President Trump, eligible families can now access Trump Accounts. Visit TrumpAccounts.gov and download the official Trump Accounts app to help your child jumpstart his or her financial future. Vlad Tenev, Robinhood Chairman and CEO, on CNBC's Squawk Box: It’s a tremendous honor to be associated with this program... I think that ownership is essential. And, you know, today, 62% of Americans own stock. So, the question we ask ourselves is, how can we get that close to 100%? Can we get that into the 90[th percentile]? This allows us to extend ownership to every newborn, eventually everyone under the age of 18. I think that in this world that feels increasingly unstable, getting people to own and have skin in the game in great American companies is essential to ensuring that we continue to lead the world. Robin Vince, CEO of the Bank of New York Mellon, on CNBC’s Squawk Box: Thank you to President Trump. Thank you to Secretary Bessent. Thank you to the National Design Studio, our partners, Robinhood, in bringing Trump Accounts live... So what are we doing with the financial manager of the program? We’re partnering with the Treasury Department, with Robinhood, with the National Design Studio, to actually make it happen—to bring the concept, the public policy, the idea of investing in America, and the platform for education to really enable it, to make it real, so that people can actually start their journey in the investing and participation program. Governor Jeff Landry on Newsmax’s National Report : It’s always great when the government gives us some money as well, but I think that the lesson here is that the government is saying, "Listen, we’re going to invest in our future." That’s what the President is doing. The President is saying, "Listen, these Trump Accounts are an investment in our future, which are the generations that are coming up at this time." Jenny Johnson, CEO of Franklin Templeton on CNBC’s Power Lunch: Trump Account broaden the capability of people to have access to the market. So let me put that in the power of compounding. If you invest $5,000 a year, $1,000 a year for 10 years at age 20, when you retire at 60, you will have more money than a person who starts to invest at age 30 and invested the same amount per year for 30 years. That’s the power of compounding. And so if you look at the Trump Accounts, we’re now starting at birth and being able to compound; I think it’s incredibly powerful. Joe Gebbia, US Chief Design Officer and Co-Founder of Airbnb on Bloomberg’s “The Close”: For those children born within the Trump Administration, the incentive is very clear. It’s $1,000 from the Treasury gifted to the child to kick start an incredible experience for a child to grow up connected to the economy, connected to the United States of America, connected to the stock market. They actually get to watch in the app how their investment grows over time. Imagine being a young person, learning about finance, financial literacy, and having a piece in the success of America’s future. This is one of most exciting product launches I’ve ever been involved in. Agriculture Secretary Brooke Rollins: As a mom, this is such a game-changer. President Trump just launched the Trump Accounts giving American children a real kickstart to their financial future with tax-advantaged savings and investment accounts. Launched on the 4th during our nation’s 250th anniversary, and now with the President hosting the official rollout TODAY. These accounts put families in the driver’s seat: parents, grandparents, family, and friends can contribute, and eligible kids even get that initial boost from the Treasury. It’s about building real opportunity and security for the next generation, NOT more debt. Thank you, President Trump! Acting Labor Secretary Keith Sonderling: Trump Accounts represent a generational opportunity to help millions of children get a leg up on the American dream. As a father, I'd like to thank President Trump for his commitment to their future and the work of Secretary Bessent to shepard the historic launch of the program. I encourage families to invest in their child's future today and learn more at TrumpAccounts.gov. Department of Labor: Trump Accounts are jumpstarting a golden age of investing for future generations! Children born in 2025-2028 are eligible for a $1K contribution from the Treasury Department, and families can add up to $5K/year. Employers: You can support your workers' families, too — contributing to these accounts is an excellent employee benefit. Our latest guidance clarifies that ERISA rules generally do not apply to these contributions. Read it here: https://dol.gov/agencies/ebsa/employers-and-advisers/guidance/technical-releases/26-02 Small Business Administrator Kelly Loeffler: Not only do Trump Accounts help working families build lasting wealth for their children; they also give our job creators a new, low-cost, tax-preferred way to attract and retain talent by investing in their employees’ families. It’s an investment in Main Street – and in the next generation of builders, dreamers, and doers who will keep America strong. Small Business Administration: Trump Accounts are now live! With the option for employer contributions, Trump Accounts are a great benefit and employee retention tool for small businesses looking to attract talent and invest in America’s future. Learn more at trumpaccounts.gov Veterans Affairs Secretary Doug Collins: Give your child a head start on the American Dream. President Trump's Trump Accounts are tax-advantaged investment accounts owned entirely by your child, helping families across America build wealth for the next generation. Visit TrumpAccounts.gov. Energy Secretary Chris Wright: There is no better place in the world to be born than the United States of America. And thanks to President Trump’s Trump Accounts, America’s newest generation will have the opportunity to begin building long-term financial security from day one. As we begin our next 250 years, we’re investing in the next generation and the enduring promise of the American Dream. Housing and Urban Development Secretary Scott Turner: Trump Accounts will help the next generation build wealth, gain financial literacy, and secure the American Dream. The Golden Age is here to stay for future generations thanks to President Trump! SEC Chairman Paul Atkins: Before it was a nation, America was an investment. In that same spirit, the launch of Trump Accounts marks a historic opportunity for the next generation to invest in the American Dream. I applaud President Trump and Secretary Bessent for their work to deliver this initiative. U.S. Securities and Exchange Commission (SEC): Trump Accounts are live! Your child’s investing journey begins today. Learn more at http://Investor.gov/TrumpAccounts Louisiana Governor Jeff Landry: Trump Accounts are LIVE! Thanks to President Trump and Secretary Bessent’s leadership children can now take part in the American economy from DAY ONE! The American Dream is accessible and attainable for all! Idaho Governor Brad Little: Trump Accounts are officially LIVE! This historic investment is a game changer in providing opportunity for America’s children and building a stronger foundation for Idaho’s next generation. Alabama Governor Kay Ivey: Thank you, President Trump, for continually fighting for the American Dream! Alabama families, be sure to participate in Trump Accounts. Truly, there is no better time to be an American than right now. South Carolina Governor Henry McMaster: Trump Accounts are another investment in America’s future. Thank you, President Trump, for your leadership in giving America’s children a strong financial foundation and helping more families build opportunity for the next generation. Entrepreneur Anthony Pompliano: Here are my takeaways: 1. This program may have the most bipartisan support of anything I have ever seen. Everyone, regardless of political party, understands the power of giving young children money to compound over decades. 2. While the government and current administration should get immense credit for the program, there were many private citizens… They quite literally changed the course of millions of lives with this idea. BlackRock: One of America's greatest advantages is its capital markets, yet today, roughly 40% of Americans still have no exposure to them. Helping more Americans participate in that growth may be one of the most important economic opportunities of our time. That's why initiatives like Trump Accounts are so promising. https://1blk.co/4gSiTD6 BlackRock Chairman & CEO Larry Fink: Giving every newborn American an investment account-and the capital to begin compounding from day one-creates a mindset: from birth, every child has a stake in the country’s future. ###

President Trump and Secretary Bessent participate in ringing the NYSE and Nasdaq opening bell to officially launch Trump Accounts

U.S. Department of the Treasury Office of Public Affairs Press Release: July 6, 2026 Contact: Treasury Public Affairs, Press@treasury.gov President Trump and Secretary Bessent Participate in Ringing the NYSE and Nasdaq Opening Bell to Officially Launch Trump Accounts Washington, D.C. – President Trump and Secretary Bessent participate in ringing the NYSE and Nasdaq opening bell to officially launch Trump Accounts. U.S. Treasury Announces The Official Launch Of Trump Accounts And Full Scope Of The App Washington, D.C. – The U.S. Department of the Treasury announced the official launch of the full Trump Accounts app, giving American families a new way to view, manage, and grow their children’s stake in the nation’s economic future. On the 250th anniversary of the founding of the United States, the U.S. Department of the Treasury is marking a historic milestone with the nationwide launch of Trump Accounts, an innovative savings and investment platform designed to ensure that future generations of Americans own a stake in the American economy from day one. “Trump Accounts are now live, giving every child a stake in the American Dream from day one thanks to President Trump,” said U.S. Treasury Secretary Scott Bessent, “The Trump Accounts app is now updated with the full suite of account capabilities: you can start funding your child's account, exploring financial education modules, and more.” Trump Accounts will help families build long-term financial security while deepening their understanding of how our markets work. Full-scope app launch With today’s launch, the Trump Accounts app now offers full-scope functionality nationwide, allowing parents and kids to securely access their account, see their funds in real time, and contribute to their Trump Account directly from their phone or tablet. New account dashboards provide a clear view of balances, contributions, and investment performance, empowering families to track progress as children grow. The app also includes exciting new features for parents, making it easier to set recurring contributions, link bank accounts, and receive personalized guidance on building their child’s financial future. Financial education for families To complement the launch of full account access, Trump Accounts now includes 15 interactive financial education modules for parents and children. These modules introduce concepts such as saving, investing, compound growth, diversification, and the role of American capital markets in supporting businesses and jobs. Parents and kids can explore lessons together in the app as they complete modules and apply what they learn to their own Trump Account. By linking learning directly to a real investment account, the program aims to make financial education concrete, engaging, and actionable for families across the country. Expanding stock ownership from day one Historically, stock ownership in the United States has been unevenly distributed, with many households—especially younger and lower‑income families—having little or no exposure to the stock market. While recent data show that a majority of adults now own stock in some form, millions still lack an easy, trusted way to begin investing for their children’s future. Trump Accounts are designed to change that trajectory by helping children start with a foothold in the American economy from birth or early childhood. By combining automatic contributions, long-term investment options, and clear educational tools, the program seeks to increase the share of Americans who benefit from the growth of U.S. businesses and markets over their lifetimes. Enrollment and market opening If families have not yet signed up for Trump Accounts, they can do so by visiting TrumpAccounts.gov, where they can learn more about eligibility, safeguards, and program features before opening an account. TrumpAccounts.gov also links directly to major app stores where parents can download the official Trump Accounts app. There is no cost to open an account. Employers, charitable organizations, and governments can contribute free money to Trump Accounts, and children can only receive those contributions if they have an account. Once enrolled, parents can begin contributing immediately, and children will be able to track their investments beginning Monday, July 6. Simple performance graphs in the app will help young account holders see how saving and investing over time can build meaningful resources for education, entrepreneurship, homeownership, and retirement. Employer Contributions Over 50 companies have committed to offer Trump Account contributions for children of their employees. Employer contributions are one example of free money that may be available for children through Trump Accounts, even if they aren’t eligible for the $1,000 from Treasury. Trump Accounts give small businesses a new, low-cost, tax-preferred benefit they can use to attract and keep workers, invest in their employees’ families, help workers share in America’s growth, and strengthen Main Street over the long term, while also helping employees build long‑term wealth for their kids. Even small, regular contributions can compound over 18+ years, so modest small‑business dollars can turn into meaningful long‑term assets for employees’ families. If you are a business or company and interested in employee contributions to Trump Accounts, please email TrumpAccounts@treasury.gov . ###

U.S. Treasury Announces The Official Launch Of Trump Accounts And Full Scope Of The App

U.S. Department of the Treasury Office of Public Affairs Press Release: July 4, 2026 Contact: Treasury Public Affairs, Press@treasury.gov U.S. Treasury Announces The Official Launch Of Trump Accounts And Full Scope Of The App Washington, D.C. – The U.S. Department of the Treasury today announced the official launch of the full Trump Accounts app, giving American families a new way to view, manage, and grow their children’s stake in the nation’s economic future. On the 250th anniversary of the founding of the United States, the U.S. Department of the Treasury is marking a historic milestone with the nationwide launch of Trump Accounts, an innovative savings and investment platform designed to ensure that future generations of Americans own a stake in the American economy from day one. “Trump Accounts are now live, giving every child a stake in the American Dream from day one thanks to President Trump,” said U.S. Treasury Secretary Scott Bessent, “The Trump Accounts app is now updated with the full suite of account capabilities: you can start funding your child's account, exploring financial education modules, and more.” Trump Accounts will help families build long-term financial security while deepening their understanding of how our markets work. Full-scope app launch With today’s launch, the Trump Accounts app now offers full-scope functionality nationwide, allowing parents and kids to securely access their account, see their funds in real time, and contribute to their Trump Account directly from their phone or tablet. New account dashboards provide a clear view of balances, contributions, and investment performance, empowering families to track progress as children grow. The app also includes exciting new features for parents, making it easier to set recurring contributions, link bank accounts, and receive personalized guidance on building their child’s financial future. Financial education for families To complement the launch of full account access, Trump Accounts now includes 15 interactive financial education modules for parents and children. These modules introduce concepts such as saving, investing, compound growth, diversification, and the role of American capital markets in supporting businesses and jobs. Parents and kids can explore lessons together in the app as they complete modules and apply what they learn to their own Trump Account. By linking learning directly to a real investment account, the program aims to make financial education concrete, engaging, and actionable for families across the country. Expanding stock ownership from day one Historically, stock ownership in the United States has been unevenly distributed, with many households—especially younger and lower‑income families—having little or no exposure to the stock market. While recent data show that a majority of adults now own stock in some form, millions still lack an easy, trusted way to begin investing for their children’s future. Trump Accounts are designed to change that trajectory by helping children start with a foothold in the American economy from birth or early childhood. By combining automatic contributions, long-term investment options, and clear educational tools, the program seeks to increase the share of Americans who benefit from the growth of U.S. businesses and markets over their lifetimes. Enrollment and market opening If families have not yet signed up for Trump Accounts, they can do so by visiting TrumpAccounts.gov, where they can learn more about eligibility, safeguards, and program features before opening an account. TrumpAccounts.gov also links directly to major app stores where parents can download the official Trump Accounts app. There is no cost to open an account. Employers, charitable organizations, and governments can contribute free money to Trump Accounts, and children can only receive those contributions if they have an account. Once enrolled, parents can begin contributing immediately, and children will be able to track their investments beginning Monday, July 6. Simple performance graphs in the app will help young account holders see how saving and investing over time can build meaningful resources for education, entrepreneurship, homeownership, and retirement. Employer Contributions Over 50 companies have committed to offer Trump Account contributions for children of their employees. Employer contributions are one example of free money that may be available for children through Trump Accounts, even if they aren’t eligible for the $1,000 from Treasury. Trump Accounts give small businesses a new, low-cost, tax-preferred benefit they can use to attract and keep workers, invest in their employees’ families, help workers share in America’s growth, and strengthen Main Street over the long term, while also helping employees build long‑term wealth for their kids. Even small, regular contributions can compound over 18+ years, so modest small‑business dollars can turn into meaningful long‑term assets for employees’ families. If you are a business or company and interested in employee contributions to Trump Accounts, please email TrumpAccounts@treasury.gov . ###

A Look at the First-Year Results of the Working Families Tax Cuts

U.S. Department of the Treasury Office of Public Affairs Press Release: July 2, 2026 Contact: Treasury Public Affairs, Press@treasury.gov A Look at the First-Year Results of the Working Families Tax Cuts American Families and Workers Claimed Over $82 billion in Individual Relief Directly from the Working Families Tax Cuts WASHINGTON – As America celebrates its 250th anniversary, we also mark another milestone: one year since President Trump signed the Working Families Tax Cuts into law. Treasury’s analysis of the first filing season under the law provides an early measure of the Working Families Tax Cuts impact and the tax relief delivered to low- and middle-income American families and workers across the country. “One year ago, President Trump signed the Working Families Tax Cuts into law, and it took only a single tax season for American families and workers to overwhelmingly benefit from lower taxes, bigger refunds, and increased take home pay,” said Secretary Scott Bessent . “As promised, President Trump and the unity of a Republican majority in Washington delivered this landmark legislation that codifies the America First agenda and lays the foundation for a new era of American prosperity.” BLOCKING A $5 TRILLION TAX HIKE President Trump and Republicans in Washington prevented a $5 trillion tax hike with this landmark legislation, and the American people had a record Tax Day because of it. 97% of filers received a tax cut this past filing season , who would have otherwise owed taxes absent the Working Families Tax Cuts. It should not be forgotten every single Democrat voted against this consequential piece of legislation. If the Radical Left had its way, the American people would have been subjected to the largest tax hike in history. CUTTING TAXES FOR LOW- AND MIDDLE-INCOME AMERICANS The Working Families Tax Cuts delivered the largest share of tax relief directly to millions of low- and middle- income Americans providing for their families, working overtime, living on fixed incomes, and running small businesses. Despite critics’ claims, d ata from this most recent filing season shows millions of American families and workers claimed expanded tax deductions and credits tied directly to wages, children, overtime, tips, and earned income. The data further shows tax relief was concentrated among American families and workers earning under $200,000 . 96% of filers receiving a tax cut earned less than $200,000. Filers earning between $100,000 to $200,000 , who claimed one of President Trump’s signature tax cuts, received an average tax cut of over $1,250 . Nearly 70% of filers receiving a tax cut earned less than $100,000. Filers earning between $50,000 to $100,000 , who claimed one of President Trump’s signature tax cuts, received an average tax cut over $815 . DELIVERING FOR AMERICAN FAMILIES AND WORKERS Through the April tax filing deadline, American families and workers claimed over $82 billion in individual relief directly from the Working Families Tax Cuts . That relief will grow as taxpayers who have filed for extensions continue to file their returns. President Trump’s signature tax cuts deliver substantial relief to hardworking Americans and provide greater relief and tax certainty to low- and middle-income households. No Tax on Tips : Over 7.5 million filers have claimed No Tax on Tips , with an average deduction of over $7,000 . 90% of filers claiming the No Tax on Tips deduction had income under $100,000. 99% of filers claiming the No Tax on Tips deduction had income under $200,000. No Tax on Overtime : Over 29 million filers have claimed No Tax on Overtime , with an average deduction of over $3,100 . 75% of filers claiming the No Tax on Overtime deduction had income under $100,000. 96% of filers claiming the No Tax on Overtime deduction had income under $200,000. Enhanced Senior Deduction : Over 35 million seniors have claimed the Enhanced Deduction for Seniors , with an average deduction of over $7,500 . 68% of filers claiming the Enhanced Senior Deduction had income under $100,000. 94% of filers claiming the Enhanced Senior Deduction had income under $200,000. No Tax on Car Loan Interest : Over 1.4 million filers have claimed No Tax on Car Loan Interest on their new American vehicles, with an average deduction of over $1,800 . 62% of filers claiming the No Tax on Car Loan Interest deduction had income under $100,000. 98% of filers claiming the No Tax on Car Loan Interest deduction had income under $200,000. Trump Accounts : Over 5.5 million Trump Accounts have been opened , with 1.4 million eligible for the $1,000 pilot program contribution. 86% of all Trump Accounts opened are linked to families earning less than $200,000, giving working families more opportunity to invest in the future of their young, loved ones. Enhanced Child Tax Credit : Nearly 40 million families have claimed the enhanced Child Tax Credit , which is permanently doubled and expanded by the Working Families Tax Cuts. 65% of all families claiming the credit had income under $100,000. 89% of all families claiming the credit had income under $200,000. Doubled Standard Deduction : Over 127 million filers (90% of all tax filers) have claimed the permanently doubled standard deduction , simplifying tax filing for millions across America. ###