Secretary of the Treasury
Scott Bessent
Republican · South Carolina
Hedge fund manager and former Chief Investment Officer at Soros Fund Management. Founded Key Square Group. Confirmed as Treasury Secretary January 2025. Promoter of the '3-3-3 plan': 3% GDP growth, 3% deficit reduction, 3 million barrels/day energy production.
Record
Markets-oriented Treasury Secretary promoting the 3-3-3 economic plan. Advocates managed tariff escalation and dollar strength. Supports deregulation to stimulate growth while managing the national debt trajectory.
Legislative Record
Executive orders & directives
- 2026-15720 — Rescinding Portions of Department of the Treasury Title VI Regulations To Conform More Closely With the Statutory Text and To Implement an Executive Order (Department rule, Aug 3, 2026)
By this rule, the Department of the Treasury ("Department") amends its regulations implementing Title VI of the Civil Rights Act of 1964 ("Title VI") to eliminate disparate-impact liability. These amendments align the Department's regulations with Title VI's original public meaning, avoid… - 2026-15112 — Updating Website and Contact Information, and Authorizations for Payments for Legal Services (Department rule, Jul 27, 2026)
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is adopting a final rule to update website and contact information in certain parts of the Code of Federal Regulations (CFR). Additionally, OFAC is amending one CFR Part to update general licenses authorizing payments for legal… - 2026-15008 — Revising Qualified Domestic Trust Regulations Under Section 2056A To Update Outdated References and Procedures; Correction (Department rule, Jul 24, 2026)
This document contains corrections to Treasury Decision 10050 published in the Federal Register on Friday, July 10, 2026. Treasury Decision 10050 contains final regulations that amend the Federal estate tax regulations applicable to estates of decedents passing property to or for the benefit of a… - 2026-13925 — Revising Qualified Domestic Trust Regulations Under Section 2056A To Update Outdated References and Procedures (Department rule, Jul 10, 2026)
This document contains final regulations that amend the Federal estate tax regulations applicable to estates of decedents passing property to or for the benefit of a noncitizen spouse in a domestic trust that satisfies all of the requirements under applicable Federal tax law and regulations to be a… - 2026-13851 — Charitable Remainder Annuity Trust Listed Transaction (Department rule, Jul 9, 2026)
This document contains final regulations that identify certain charitable remainder annuity trust (CRAT) transactions and substantially similar transactions as listed transactions, a type of reportable transaction. Material advisors and certain participants in these listed transactions are required… - 2026-13830 — Information Reporting and Transfer for Valuable Consideration Rules for Section 1035 Exchanges of Life Insurance and Certain Other Life Insurance Contract Transactions (Department rule, Jul 9, 2026)
This document contains final regulations providing guidance on the application of the transfer for valuable consideration rules and associated information reporting requirements for reportable policy sales of interests in life insurance contracts to exchanges of life insurance contracts qualifying… - C1-2026-10036 — Real Estate Lending Escrow Accounts (Department rule, Jun 29, 2026)
- 2026-12787 — Financial Data Transparency Act Joint Data Standards (Department rule, Jun 25, 2026)
The OCC, Board, FDIC, NCUA, CFPB, FHFA, CFTC, SEC, and Treasury are publishing a final joint rule to establish data standards to promote interoperability of financial regulatory data across these agencies. The standards established pursuant to this joint rule will later be considered for potential…
What people are saying
Verdicts from the iRate community on Scott Bessent.
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@EmojiMan Jun 6, 2026
Here I go again.
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