Bessent emphasizes secondary sanctions are very powerful, naming the acting undersecretary for terrorism finance.
“Secondary sanctions are a very powerful tool, and we here at Treasury this is Gene Wang, the acting undersecretary for terrorism finance.”
post Bessent announces guidance allowing employers to contribute up to $2,500 tax-free annually to Trump Accounts for dependents
https://x.com/SecScottBessent/status/2087168922550247618
post Bessent announces final rule permanently removing beneficial ownership reporting requirement for U.S. companies
https://x.com/SecScottBessent/status/2087270092019052569
post Bessent says Treasury analysis shows American families claimed $82 billion in individual relief from Working Families Tax Cuts
https://x.com/SecScottBessent/status/2082817073256833403
post Bessent says Friday's coordinated foreign exchange actions countered disorderly yen movements
https://x.com/SecScottBessent/status/2084051676801933622
post Bessent says Iran's shadow banking system buckling under Economic Fury, moving hundreds of millions
https://x.com/SecScottBessent/status/2085792841733755021
post Bessent designates two firms in IRGC-backed extortion scheme forcing vessels to buy Strait of Hormuz insurance
https://x.com/SecScottBessent/status/2082537350869963162
post Bessent says Iranian regime's reliance on digital assets and shadow banking shows Economic Fury working
https://x.com/SecScottBessent/status/2085792905399058508
post Bessent sanctions six entities in China, India, Russia, Iran serving as Mahan Air general sales agents
https://x.com/SecScottBessent/status/2082890580250476846
post Bessent tells Robert Reich McDonald's problem is Burger King, suggests UC Berkeley should fire him
https://x.com/SecScottBessent/status/2086822497379398134
post Bessent says Treasury renewing Minnesota Geographic Targeting Order to combat fraud diverting state and federal dollars
https://x.com/SecScottBessent/status/2085776372073427127