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'Racial equity' a 'central tenet' in dispersing American Rescue Plan funds at state, local level: US Treasury - Vimarsana News

'Racial equity' a 'central tenet' in dispersing American Rescue Plan funds at state, local level: US Treasury

The U.S. Treasury made "advancing racial equity" a "central tenet" in its decision-making on the spending of $350 billion in state and local aid from President Biden’s $1.9 trillion COVID-19 relief package, the American Rescue Plan Act of 2021.

U.S. Treasury's Benchmark TIC SHC Survey and Implications for Investment Managers (UPDATED) | Dechert LLP - Vimarsana News

U.S. Treasury's Benchmark TIC SHC Survey and Implications for Investment Managers (UPDATED) | Dechert LLP

In March 2022, the U.S. Department of the Treasury (Treasury) and the Federal Reserve Bank of New York (FRBNY) will conduct a benchmark survey of U.S. ownership of foreign securities.