The Department of the Treasury, primarily focused on managing federal finances and enforcing financial laws, has a limited but relevant role in the space industry. It is involved in managing government accounts related to space exploration and commerce. The department also plays a role in shaping policies that can affect the economic aspects of the space sector, advocating for the industry to ensure United States remains the leader in space commerce.
All verified mentions of this organization in source documents.
Alok Sharma consulted with the U.K. Treasury, the UK space agency, members of his department, and cabinet officials before committing the U.K. government to invest in OneWeb and concluded the government would have a positive return.
Treasury Secretary Steven Mnuchin and Small Business Administration head Jovita Carranza issued a joint statement on 2020-05-03 encouraging eligible lenders and borrowers to participate in the PPP.
The U.S. Treasury’s position is that holding companies or investors unwilling to divest a subsidiary should provide support to the troubled startup themselves.
U.S. Treasury Secretary Steven Mnuchin indicated on 2020-03-19 that the government was working on a $1,000,000,000,000 stimulus package that includes $200,000,000,000 in loans to airlines and other critical industries impacted by COVID-19.
The 0.005 kg Spectrum Act of 2019 (S. 2881), introduced by Senate Commerce Committee Chairman Roger Wicker, would require at least 50% of any C-band proceeds to go to the U.S. Treasury and would place no cap on what satellite operators could receive.
The 0.005 kg Spectrum Act of 2019 (S. 2881), introduced by Sen. Roger Wicker (R-Miss.), would require at least 50% of any C-band auction proceeds go to the U.S. Treasury and would place no cap on what satellite operators could receive.
The U.S. Treasury Department had not issued final regulations implementing the 2018 Foreign Investment Risk Review Modernization Act (FIRRMA) as of the article's publication.
After FIRRMA was passed in 2018, the Treasury Department created a pilot program to test rules for 27 critical technologies including space vehicle manufacturing and space vehicle propulsion.
The C-Band Alliance offered to contribute billions of dollars to the U.S. Treasury and to help create a program for rural 0.005 kg networks if a private auction were allowed to proceed.
The C-Band Alliance would send $8,000,000,000 to the U.S. Treasury if C-band spectrum fetches a minimum price of $0.35 per megahertz.
The regional operators’ proposal presented at the hearing would compensate all FCC-licensed satellite operators for any spectrum loss, provide a multi-billion-dollar contribution to the U.S. Treasury, and provide financial incentives to earth-station operators that could speed spectrum clearing.
Rodolphe Belmer, Eutelsat’s chief executive, indicated during a 2019-07-31 earnings call that the C-Band Alliance had procrastinated on calculating proceeds for its members and lacked consensus on a voluntary contribution to the U.S. Treasury.
U.K. Export Finance provided a $325,000,000 loan to Turkey’s Ministry of Treasury and Finance in April.
The $325,000,000 loan from U.K. Export Finance was provided to the Turkish Ministry of Treasury and Finance.