Treasury Department Content

On August 12, 2024, ICI submitted a comment letter to the US Department of the Treasury ("Treasury") on the "Request for Information on Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sector" (the "RFI"). In the RFI issued on June 12th, Treasury...

ICI provided comments on the US Department of the Treasury’s Notice of Proposed Rulemaking regarding Provisions Pertaining to US Investments in Certain National Security Technologies and Products in Countries of Concern (NPRM), which has been issued as the second step in implementing...

December 13, 2023—ICI President and CEO Eric Pan released the following statement on the Security and Exchange Commission’s (SEC) vote to adopt rules increasing clearing in the US Treasury market...

The Investment Company Institute (“ICI”) submitted this comment letter in response to the 30-day notice (“Notice”) issued by the Department of Treasury (“Treasury”), on behalf of the Financial Crimes Enforcement Network (“FinCEN”), for the beneficial ownership information (“BOI”)...

In early August, President Biden issued an Executive Order on "Addressing United States Investments in Certain National Security Technologies and Products of Countries of Concern." That same day Treasury issued an Advance Notice of Proposed Rulemaking (ANPRM) regarding the...

On August 23, 2023, ICI submitted a comment letter (Letter) to the IRS and Treasury addressing SECURE 2.0 Act section 305, which amends the Employee Plans Compliance Resolution System (EPCRS), and IRS Notice 2023-43, which provides interim guidance under section 305. The Letter, which...

ICI Global submitted the attached response to the Australian Treasury on its second consultation on climate-related financial disclosure framework. The proposed framework would require entities (including financial institutions) lodging financial reports under Chapter 2M of the...

The Investment Company Institute writes to request immediate guidance and relief relating to certain changes to the Internal Revenue Code (“Code”) enacted under the Consolidated Appropriations Act, 2023 (CAA). As you know, the CAA (signed by the President on December 29, 2022)...