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General Counsel

            Assistant General Counsel, Banking and Finance

The Assistant General Counsel for Banking and Finance (Banking and Finance) supervises the Deputy Assistant General Counsel (Banking and Finance), the Deputy Assistant General Counsel (Financial Stability Oversight Council), staff attorneys, support staff, the Chief Counsel of the Bureau of the Fiscal Service, the Chief Counsel of the Office of Financial Research, and the Legal Counsel of the Community Development Financial Institutions Fund.  The principal clients of the office include the Under Secretary for Domestic Finance, the Assistant Secretary for Financial Markets, the Assistant Secretary for Financial Institutions, the Fiscal Assistant Secretary, the Assistant Secretary for Economic Policy, the Director of the Office of Financial Research, the Deputy Assistant Secretary for the Financial Stability Oversight Council, and the Director of the Federal Insurance Office.

The office of the Assistant General Counsel (Banking and Finance) is responsible for providing legal advice and support to departmental officials and staff on the full range of Treasury domestic finance initiatives and responsibilities, including: financial regulatory reform and programs and activities related to the Dodd-Frank Wall Street Reform and Consumer Protection Act; banking law and financial services regulation; securities law and capital markets regulation; insurance regulation and Treasury's terrorism risk insurance program; housing finance reform and government-sponsored enterprises; small business lending; student loan financing; financial-sector critical infrastructure protection and cyber-security; financial privacy; financial literacy and education programs; Treasury's borrowing authority and the federal debt limit; Treasury securities issues; Treasury fiscal operations in financing the expenses of the U.S. government; federal credit programs and government loans and guarantees, including Federal Financing Bank loans; federal investment programs and federal trust funds; and legislative and regulatory drafting.  

Significant projects on which the Office of the Assistant General Counsel (Banking and Finance) provided legal advice over the past few years include: establishing Treasury's support facilities for Fannie Mae and Freddie Mac, as authorized by the Housing and Economic Recovery Act of 2008; establishing Treasury's Temporary Guarantee Program for Money Market Funds in 2008; standing up Treasury's Troubled Asset Relief Program, including its bank investment programs and housing programs, as authorized by the Emergency Economic Stabilization Act of 2008; providing ongoing support to Treasury's payments in lieu of energy tax credits stimulus program, as authorized by the American Recovery and Reinvestment Act of 2009; drafting the Administration's legislative proposal for financial regulatory reform in 2009, which was in large part enacted into law as the Dodd-Frank Act in 2010; standing up and providing ongoing support to the interagency Financial Stability Oversight Council, Treasury's Office of Financial Research, and Treasury's Federal Insurance Office, all established by the Dodd-Frank Act; standing up and providing ongoing support to Treasury's Small Business Lending Fund bank investment program, Treasury's State Small Business Credit Initiative grant program, and Treasury's Community Development Financial Institutions bond guarantee program, all established by the Small Business Jobs Act of 2010; advising on the drafting of the Jumpstart Our Business Startups Act (JOBS Act) in 2012; standing-up Treasury's Gulf Coast restoration grant programs, as authorized by the RESTORE Act of 2012; advising on the Administration's Pay for Success policy development; and advising on the Administration's housing finance reform policy development.

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Last Updated :10/21/2013 4:54 PM

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Department of the Treasury
1500 Pennsylvania Ave., N.W.
Washington, D.C. 20220

General Information: (202) 622-2000
Fax: (202) 622-6415
Hours: Mon-Fri 8:00am - 5:00pm

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