Secretary
US DEPARTMENT OF THE TREASURY
Steve Mnuchin was sworn in as Treasury secretary in early 2017, tasked with managing the executive branch agency and serving as chair of the Financial Stability Oversight Council [FSOC]. Recently, the FSOC removed insurance giant Prudential’s financial-crisis-era label as a systemically important financial institution, easing its regulatory costs. Mnuchin’s Treasury Department has also presented findings and estimates to support the expansion of health reimbursement arrangements [HRAs] in order to provide small businesses with additional healthcare financing options for employees.
