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The Department of the Treasury (USDT) is the national treasury of the federal government of the United States where it serves as an executive department. The department oversees the Bureau of Engraving and Printing, and the U.S. Mint; these two agencies are responsible for printing all paper currency and coins, while the treasury executes its circulation in the domestic fiscal system. The USDT collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy. The Department is administered by the secretary of the treasury, who is a member of the Cabinet. The treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve notes.
The National Banking Acts of 1863 and 1864 were two United States federal banking acts that established a system of national banks, and created the United States National Banking System. They encouraged development of a national currency backed by bank holdings of U.S. Treasury securities and established the Office of the Comptroller of the Currency as part of the United States Department of the Treasury and a system of nationally chartered banks. The Act shaped today's national banking system and its support of a uniform U.S. banking policy.
The United States Department of the Interior (DOI) is a federal executive department of the U.S. government. It is responsible for the management and conservation of most federal lands and natural resources, and the administration of programs relating to Native Americans, Alaska Natives, Native Hawaiians, territorial affairs, and insular areas of the United States, as well as programs related to historic preservation. About 75% of federal public land is managed by the department, with most of the remainder managed by the United States Department of Agriculture's United States Forest Service. The department was created on March 3, 1849.
The U.S. Government Accountability Office (GAO) is a legislative branch government agency that provides auditing, evaluation, and investigative services for the United States Congress. It is the supreme audit institution of the federal government of the United States. It identifies its core "mission values" as: accountability, integrity, and reliability. It is also known as the "congressional watchdog".
"Consolidated fund" or "consolidated revenue fund" is a term used in many states with political systems derived from the Westminster system to describe the main bank account of the government. General taxation is taxation paid into the consolidated fund for general spending, as opposed to hypothecated taxes earmarked for specific purposes.
The Coinage Act or the Mint Act, passed by the United States Congress on April 2, 1792, created the United States dollar as the country's standard unit of money, established the United States Mint, and regulated the coinage of the United States. The long title of the legislation is An act establishing a mint, and regulating the Coins of the United States. This act established the silver dollar as the unit of money in the United States, declared it to be lawful tender, and created a decimal system for U.S. currency.
Richard Rush was the 8th United States Attorney General and the 8th United States Secretary of the Treasury. He also served as John Quincy Adams's running mate on the National Republican ticket in 1828.
Nicholas Eveleigh was an American planter and political leader who was a delegate to the Continental Congress for South Carolina in 1781 and 1782.
The Revenue Act of 1862, was a bill the United States Congress passed to help fund the American Civil War. President Abraham Lincoln signed the act into law on July 1, 1862. The act established the office of the Commissioner of Internal Revenue, a department in charge of the collection of taxes, and levied excise taxes on most items consumed and traded in the United States. The act also introduced the United States' first progressive tax with the intent of raising millions of dollars for the Union.
The Comptroller General of the United States is the director of the Government Accountability Office, a legislative branch agency established by Congress in 1921 to ensure the fiscal and managerial accountability of the federal government. The Budget and Accounting Act of 1921 "created an establishment of the Government to be known as the General Accounting Office, which shall be independent of the executive departments and under the control and direction of the Comptroller General of the United States". The act also provided that the "Comptroller General shall investigate, at the seat of government or elsewhere, all matters relating to the receipt, disbursement, and application of public funds, and shall make to the President when requested by him, and to Congress... recommendations looking to greater economy or efficiency in public expenditures." The Comptroller General is appointed for fifteen years by the President of the United States with the advice and consent of the Senate per 31 U.S.C. § 703. Also per 31 U.S.C. § 703 when the office of Comptroller General is to become vacant the current Comptroller General must appoint an executive or employee of the GAO to serve as the Acting Comptroller General until such time as a new Comptroller General is appointed by the President and confirmed by the Senate.
The Commissioner of Internal Revenue is the head of the Internal Revenue Service (IRS), an agency within the United States Department of the Treasury.
United States v. Jordan, 113 U.S. 418 (1885), was a case regarding an Act of Congress that provided for the refunding to the persons therein named of the amount of taxes assessed upon and collected from them contrary to the provisions of the regulations therein mentioned. In other words, pay to each of such persons the sum set opposite his name, each of them is entitled to be paid the whole of that sum, and no discretion is vested in the Secretary of the Treasury or in any court to determine whether the sum specified was or was not the amount of a tax assessed contrary to the provisions of such regulations.
Oliver Wolcott Jr. was the second United States Secretary of the Treasury, a judge of the United States Circuit Court for the Second Circuit, and the 24th Governor of Connecticut.
The Financial Stability Oversight Council (FSOC) is a United States federal government organization, established by Title I of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which was signed into law by President Barack Obama on July 21, 2010. The Office of Financial Research is intended to provide support to the council.
The Solicitor of the Treasury position was created in the United States Department of the Treasury by an act of May 29, 1830 4 Stat. 414, which changed the name of the Agent of the Treasury.
The United States Assay Commission was an agency of the United States government from 1792 to 1980. Its function was to supervise the annual testing of the gold, silver, and base metal coins produced by the United States Mint to ensure that they met specifications. Although some members were designated by statute, for the most part the commission, which was freshly appointed each year, consisted of prominent Americans, including numismatists. Appointment to the Assay Commission was eagerly sought after, in part because commissioners received a commemorative medal. These medals, different each year, are extremely rare, with the exception of the 1977 issue, which was sold to the general public.
The executive branch of the government of Puerto Rico is responsible for executing the laws of Puerto Rico, as well as causing them to be executed. Article IV of the Constitution of Puerto Rico vests the executive power on the Governor—whom by its nature forms the executive branch.
The Digital Accountability and Transparency Act of 2014 is a law that aims to make information on federal expenditures more easily accessible and transparent. The law requires the U.S. Department of the Treasury to establish common standards for financial data provided by all government agencies and to expand the amount of data that agencies must provide to the government website, USASpending. The goal of the law is to improve the ability of Americans to track and understand how the government is spending their tax dollars.
The Justice for Victims of Trafficking Act of 2013 is a bill that would authorize the appropriation of $25 million annually over the 2015-2019 period for the United States Department of Justice (DOJ) to provide grants to states and other recipients aimed at improving the enforcement of laws against human trafficking and to assist victims of such crimes. According to newspaper The Hill, the bill would "impose an additional fine of $5,000 on any person convicted of crimes related to sex trafficking, sexual abuse, sexual exploitation of children or human smuggling."
History of the United States Government refers to the formation, growth, development and evolution of the United States Government over the entire timespan since the founding of the United States. It includes government roles, structure, and policy in all aspects, including evolution of the governmental structure, formation of new agencies and departments, assumptions of new roles and functions, enactments of new codes, regulations, and laws, and inception of entirely new roles of government in American society.
