Press releases

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 . ###

FSIS Issues Public Health Alert for A Ready-To-Eat Beef Jerky Product Due to Misbranding and Undeclared Allergen

FSIS Issues Public Health Alert for A Ready-To-Eat Beef Jerky Product Due to Misbranding and Undeclared Allergen The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for a beef jerky product due to misbranding and undeclared allergen. The product contains wheat, a known allergen, which is not declared on the product label. A recall was not requested because the product is no longer available for purchase.

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. ###

NRC Schedules Public Outreach to Discuss Grand Gulf Plant Performance

Treasury and IRS to Accept Philanthropic Stock Contributions for Trump Accounts

U.S. Department of the Treasury Office of Public Affairs Press Release: July 2, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury and IRS to Accept Philanthropic Stock Contributions for Trump Accounts WASHINGTON, D.C. — The U.S. Department of the Treasury today announced that it will accept large philanthropic contributions of readily tradable public company stock to support Trump Accounts. This announcement comes ahead of the formal launch of Trump Accounts on July 4, 2026. Under the new process, eligible philanthropic contributors may transfer approved publicly traded stock to Treasury. The stock will be contributed to Trump Accounts for eligible children consistent with the donor’s instructions, applicable law, and Treasury guidance. “Today’s announcement makes it easier for philanthropists to help American children build long-term financial security,” said Treasury Secretary Scott Bessent . “By accepting contributions of publicly traded stock, Treasury is creating a practical pathway for large-scale private giving to support the next generation.” Trump Accounts are designed to help eligible children begin saving and investing early in life. Over six million families have signed up for Trump Accounts prior to the official launch of the program this month. Parents can download the official app to get started today. For more information about Trump Accounts, visit trumpaccounts.gov. ###

DOW Launches BuildFreedom.US, Announces $10M Skilled Trades Investment With Mike Rowe and Forge the Next-Generation Industrial Workforce

The War Department announced the launch of the Build Freedom workforce development initiative.

Unemployment Insurance Weekly Claims Report

In the week ending June 27, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of 1,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 215,000 to 216,000. The 4-week moving average was 222,000, a decrease of 2,500 from the previous week's revised average. The previous week's average was revised up by 250 from 224,250 to 224,500.

NRC Proposes Modernization of Radiation Protection Rules, Reaffirms Current Safety Standards

NRC Proposes Most Comprehensive Modernization of Reactor Licensing in Decades

Treasury Announces Investment Lineup for Trump Accounts

U.S. Department of the Treasury Office of Public Affairs Press Release: July 1, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Announces Investment Lineup for Trump Accounts WASHINGTON, D.C. — The U.S. Department of the Treasury today announced the investment lineup for Trump Accounts, including the initial default investment that will be available at launch and four additional low-cost index fund options that responsible parties will be able to elect in the coming months. Through Trump Accounts, American families will be able to choose among the lowest cost options available to invest in their children’s future. At launch, all contributions to Trump Accounts will be invested in the State Street SPDR Portfolio S&P 500 ETF (SPYM) a low-cost exchange-traded fund (ETF) that tracks the performance of the S&P 500 Index. The fund was selected to provide broad exposure to the U.S. stock market while maintaining expenses well below the statutory fee limitation. Treasury has also selected the following additional low-cost index ETFs for the Trump Accounts investment lineup: iShares Core S&P 500 ETF (IVV) Vanguard Total Stock Market ETF (VTI) State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) iShares Core S&P total U.S. Stock Market ETF (ITOT) These funds have been selected to provide diversified exposure across major segments of the financial markets while keeping investment costs low. At launch, the SPYM will serve as the default investment for all Trump Accounts. In the coming months, Treasury expects to make available functionality that will allow parents or guardians to choose how to allocate funds across the additional investment options. Until that functionality is available, all contributions will remain invested in the default fund. Treasury will announce when investment election functionality becomes available and will provide instructions for responsible parties wishing to change their account's investment allocation. For more information about Trump Accounts, visit trumpaccounts.gov ###

Department of War Establishes Direct Reporting Portfolio Manager for Unmanned Systems to Ensure American Drone Dominance

The War Department announced the comprehensive consolidation of all Unmanned and Autonomous Systems under a newly established, direct-report position to the deputy secretary of war.

Treasury Sanctions Brazilian Criminal Network Exploiting U.S. Financial System to Launder Drug Proceeds

U.S. Department of the Treasury Office of Public Affairs Press Release: July 1, 2026 Contact: Treasury Public Affairs, Press@treasury.gov Treasury Sanctions Brazilian Criminal Network Exploiting U.S. Financial System to Launder Drug Proceeds WASHINGTON— Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated two Brazilian nationals, three Brazilian companies, and one Portuguese company for their links to Latin America’s largest criminal gang, Brazil-based Primeiro Comando da Capital (PCC). PCC represents a significant threat to U.S. national security, as its operatives throughout the United States, particularly in Florida, launder drug proceeds and contribute to a cycle of criminality. PCC is now the largest transnational criminal organization (TCO) in the Western Hemisphere, and in recent years has expanded its operations globally, with significant presence in countries such as the United Kingdom, Turkey, and Japan. In the United States, PCC represents a real and growing criminal threat. Networks such as the one targeted today engage in drug trafficking, bulk cash smuggling for cartels, and other illicit activities to generate revenue streams for PCC. Recent law enforcement actions by Brazilian authorities revealed a PCC-controlled trade-based money laundering operation utilizing a Chinese electronics distribution network and Chinese e-commerce platform to launder more than $190 million over seven months. “This designation is another step by the United States government to address and acknowledge the increasing presence of Primeiro Comando da Capital’s illicit revenue generation within our borders,” said Gene Lange , who is performing the duties of the Under Secretary for Terrorism and Financial Intelligence . “Organized crime within the Western Hemisphere must not be allowed to establish operations on American soil that contribute to criminality and lawlessness.” Today’s action reflects the culmination of a coordinated Homeland Security Task Force (HSTF)-led investigation involving the Federal Bureau of Investigation’s (FBI) Miami Field Office and the U.S. Department of Justice’s (DOJ) Money Laundering, Narcotics and Forfeiture Section. OFAC works in close coordination with the HSTFs, which target the proliferation of illicit drugs and the networks, enablers, and financial mechanisms that support their production and distribution. This unified, whole-of-government approach ensures operational coordination to maximize the impact against transnational criminal networks. This action was taken pursuant to Executive Order (E.O.) 14059, which targets the proliferation of illicit drugs and their means of production, as well as E.O. 13224, as amended, which targets terrorists and their supporters. DOJ AND TREASURY COORDINATE TO DISRUPT A PCC MONEY LAUNDERING NETWORK The PCC money laundering network targeted in today’s action has operated from two main locations: Florida and São Paulo, Brazil. In January 2026, FBI arrested six members of the Florida-based group who have been indicted on money laundering charges in the United States District Court for the Southern District of Florida. Today’s OFAC action targets the São Paulo-based node of the network, led by Victor Henrique de Oliveira Shimada (Shimada) and Stella Stefanie Nunes Henrique de Oliveira (Stella). São Paulo-based Shimada has been a key link between the Florida-based PCC operatives and foreign drug traffickers. Shimada and his organization have laundered more than $30 million in illicit proceeds generated in and around multiple cities in the United States, utilizing cryptocurrency to move funds back to Brazil on behalf of PCC. Shimada has also engaged in other financial crimes beyond the laundering of drug proceeds. In January 2025, Shimada was briefly held under house arrest in Brazil because one of his companies, Victory Trading Intermediacão De Negocios Cobrancas E Tecnologia Ltda (Victory Trading), was used to launder money stolen from a Brazilian soccer club as part of an advertising fraud scheme. Stella is a close associate and relative of Shimada who has worked as his secretary and served as a broker for bulk cash pickups, providing critical logistical services that have supported Shimada and his network in their laundering operations. Victor Henrique de Oliveira Shimada is being designated today pursuant to Executive Order 14059 for having provided, or attempted to provide, financial, material, or technological support for, or goods or services in support of PCC. Additionally, Shimada 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 or services to or in support of, PCC. Stella Stefanie Nunes Henrique de Oliveira is being designated today pursuant to Executive Order 14059 and 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, Victor Henrique de Oliveira Shimada. PREVIOUS OFAC ACTIONS TARGETING PCC Today marks OFAC’s third action against the PCC and its operatives. On March 14, 2024 , OFAC designated Diego Macedo Gonçalves do Carmo pursuant to E.O. 14059 for the significant role he played in laundering significant sums of money for PCC. On December 15, 2021 , OFAC designated PCC as an organization pursuant to E.O. 14059 for having engaged in, or attempted to engage in, activities or transactions that have materially contributed to, or pose a significant risk of materially contributing to, the international proliferation of illicit drugs or their means of production. AN EXTENSIVE CORPORATE NETWORK CONTROLLED BY PCC Relying on a network of companies, Shimada is able to evade detection while receiving illicit funds generated in the United States and launder these funds for PCC in Brazil. The companies include Victory Trading, Pixwave Solucoes De Pagamentos Ltda (Pixwave), and Wave Construcoes Inteligentes Ltda (Wave), all based in São Paulo. Victory Trading and Wave are financial services companies; Pixwave is a construction company. Additionally, Shimada owns Avenidas Flutuantes Unipessoal Lda , a transportation and storage company based near Lisbon, Portugal. Victory Trading Intermediacão De Negocios Cobrancas E Tecnologia Ltda, Pixwave Solucoes De Pagamentos Ltda, Wave Construcoes Inteligentes Ltda, and Avenidas Flutuantes Unipessoal Lda are being designated today pursuant to E.O. 14059 and 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, Shimada. 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 the U.S. Department of the 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 . For more information on the persons designated today, click here . ###