U.S. Department of the Treasury

Thank you, @FLOTUS Melania Trump, for joining us at @USTreasury and for your leadership on behalf of America’s children, specifically foster youth. Through the partnership between Fostering the Future and @TrumpAccounts, we are helping ensure that foster youth have the same opportunity to build long-term financial security as every eligible child in America. Thanks to the First Lady’s advocacy, foster children are being included in this historic initiative from day one—affirming that a child’s future should be defined by their potential, not their circumstances. Together, we are expanding opportunity, strengthening the American Dream, and investing in the next generation.

.@SecScottBessent: “Today, in the place where Hamilton’s legacy surrounds us, we are extending the reach of this institution to the young people whom his wife devoted herself to defending. We are affirming that the American Dream belongs to every child. And because of the President and Mrs. Trump, through her Fostering the Future Initiative, we are equipping more children to claim their rightful share of it.”

The Iranian regime will lose the zero-sum game it is playing. Any damage it inflicts on our allies in the Gulf will be paid for with funds extracted from Iranian Accounts. Any tolls paid to the Persian Gulf Strait Authority will be offset by funds extracted from their accounts. Every attack Iran launches will only deepen the economic and financial consequences it faces.

FISA is a critical tool that allows Treasury to stop terrorists from utilizing the financial system to carry out attacks against the United States and continues to be a critical component of our national and economic security. It is the most important tool we have to collect information on our adversaries including Iran and Hamas. Congressional Democrats should stop playing politics with the safety and security of the American people.

Today, @SecScottBessent hosted @NFIB and small business owners to hear their perspectives on the strength of America’s Main Street economy and the tax relief delivered this past tax filing season. Participants shared how @POTUS' Working Families @TaxCuts and pro-growth tax policies are delivering benefits for both workers and local job creators.

Through Economic Fury, the Treasury Department is disrupting the foreign procurement networks that support the Iranian military’s efforts to acquire weapons. Treasury has frozen the Iranian regime’s assets, severely disrupted its economy, and dismantled the Iranian war machine. Treasury will not tolerate any support of the Iranian military.

Today, as part of Economic Fury, Treasury’s Office of Foreign Assets Control sanctioned nine individuals and entities that have supported weapons procurement on behalf of Iran’s Islamic Revolutionary Guard Corps and Ministry of Defense and Armed Forces Logistics. Treasury continues to aggressively target the overseas procurement and financial networks that sustain Iran’s weapons production and proliferation capabilities.

Iran’s economy is floundering and its military is decimated. Through Economic Fury, Treasury will continue to sever Iran’s shadow fleet, shadow banking networks, and access to global trade.

Today, Treasury’s Office of Foreign Assets Control is designating a network of individuals, entities, and vessels responsible for shipping hundreds of millions of dollars’ worth of Iranian-origin liquid petroleum gas⸺intentionally disguised as Omani LPG⸺to end users in South and East Asia.

.@POTUS has done more than anyone in history to secure our nation’s borders. Part of that effort includes securing our financial system. This Administration will not allow illegal aliens to abuse financial institutions to steal billions of dollars from hardworking American taxpayers.

Today, Treasury’s @FinCENnews issued an Advisory urging financial institutions to be vigilant against risks presented by the unlawful employment of illegal aliens. This is the first step in implementing @POTUS’ historic Executive Order entitled Restoring Integrity to America’s Financial System.

.@SecScottBessent: “A whole-of-government approach, meanwhile, is coupling our manufacturing revival with a great regulatory reset. Properly calibrated regulation is essential for economic growth, capital formation, employment, and higher wages. So, at the outset of this Administration, @POTUS set the ambitious benchmark of slashing ten existing regulations before issuing a new one. In 2025, we shattered that goal with a ratio of 129-to-1. And as a result, deregulatory actions generated more savings last year than in those of the prior Trump Administration combined.”

.@SecScottBessent: “@POTUS is undeterred in his determination to open markets for U.S. goods and services while rebuilding U.S. manufacturing capacity. Over the 12-months ending March 2026, the trade deficit for goods declined by $370 billion compared to the same timeframe ending March 2025. The economy has added 313,000 net new private sector jobs and 13,000 manufacturing jobs in the past two months. Firm capital expenditures rose at an annual rate of over 17 percent in the first quarter. And companies are investing trillions to build and expand here at home. American industry is winning again to the benefit of American workers.”

While Iran’s economy is in free fall, the regime has chosen to co-opt digital asset technologies for its own corrupt agenda, including evading sanctions and transferring wealth out of the country. Iran’s current economic chaos is proof that @POTUS’ maximum pressure campaign has been a success. As promised, Treasury will continue to follow the money in support of Economic Fury, whether it is through the banking system or through digital assets, to prevent the regime from developing a nuclear weapon.

American families and workers overwhelmingly benefitted from the Working Families Tax Cuts, receiving the largest share of the historic tax relief delivered this past filing season. @USTreasury’s new analysis confirms @POTUS’ @TaxCuts delivered substantial tax relief to hardworking Americans and provided greater relief and financial certainty to low- and middle- income households.

In honor of National Small Business Month, @USTreasury convened a roundtable discussion with local business leaders on how @POTUS' Working Families Tax Cuts are helping businesses grow, invest, and create jobs. From full-expensing for R&D and manufacturing equipment to No Tax on Tips, No Tax on Overtime, and expanded small business deductions, the President’s signature policies are delivering real relief for workers, entrepreneurs, and Main Street businesses.

We continued the @TrumpAccounts Tour in Westlake Village, California, convening hundreds of local families, businesses, and community leaders for a conversation with @KelseyGrammer on how this Administration is shaping stronger financial futures for the next generation of Americans. President Trump’s pro-growth agenda is resonating with a broader base than ever before, from Main Street to Wall Street to Hollywood.