Tag Archives: treasury department

Biden Nominates Isabel Guzman to Oversee SBA, Names His Nominees for Commerce & Labor Departments

Isabel Guzman SBA nominee

Isabel Guzman, director of California's Office of the Small Business Advocate, has been nominated by President-elect Joe Biden to serve as head of the Small Business Administration. The Biden transition team also announced the nominations of Rhode Island Gov. Gina Raimondo and Boston Mayor Martin Walsh to lead the departments of Commerce and Labor, respectively.

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Ellen Lord: Treasury Consults With DoD on Possible Eligibility Expansion for $17B Loan Program

Ellen Lord

Less than 20 defense companies have applied for $17B worth of loans under the Coronavirus Aid, Relief and Economic Security Act and Ellen Lord, undersecretary for acquisition and sustainment at the Department of Defense and a 2020 Wash100 awardee, said the Treasury Department is working with DoD as it considers how to expand the eligibility requirements for such loans, Defense News reported Thursday.

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Treasury Wants National Security Firms Seeking Loans to Propose Financial Instruments


The Department of the Treasury will require publicly traded defense contractors and other national security firms applying for loans under the Coronavirus Aid, Relief and Economic Security Act to provide “appropriate financial instruments” such as equity stakes and warrants, Reuters reported Friday.

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DoD Opposes Commerce’s Proposed Rules to Further Restrict US Sales to Huawei

The Department of Commerce has decided to withdraw its proposed rules that would further restrain U.S. companies from selling chips and other electronics to China-based Huawei Technologies through their facilities overseas after Commerce faced objections from the Department of Defense, The Wall Street Journal reported Friday.

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Paul O’Neill Selected as Gerald R. Ford Distinguished Public Service Medal Recipient

Paul O’Neill, who served as the 72nd secretary of the Treasury Department, has been chosen to receive the 2019 Gerald R. Ford Medal for Distinguished Public Service. Mike Ford, chairman of the Gerald R. Ford Presidential Foundation, and Carla Hills, foundation trustee, will present the award to O’Neill at the …

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Unisys to Participate in $70M Contract with U.S. Mint; Melissa Carson Quoted

The U.S. Mint, a bureau of the Treasury Department, selected the Unisys Corporation as one of five companies to compete for task orders under a five-year, $70 million contract that calls for IT services supporting the agency’s mission, Unisys announced on Friday. Under the Digital Enterprise Services contract, Unisys will …

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Hill Associates Gets Potential $100M Treasury Enterprise IT Support BPA

Hill Associates has secured a potential five-year, $100M blanket purchase agreement to provide a wide range of enterprise information technology services to the Treasury Department. The company said Monday it will support the Treasury’s business and technical transformation initiatives as well as help the department update and implement its IT strategy. Rockville, Md.-based …

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Mitre Taps Simudyne to Market Analytics-Powered Financial Crisis Modeling Tool

TYSONS CORNER, VA, December 20, 2018 — Mitre and its partner Simudyne have unveiled a modeling tool that utilizes data analytics to help central banks and other financial institutions gain insights on market trends and identify potential crisis indicators, ExecutiveBiz reported Wednesday. The nonprofit firm said Tuesday it has licensed Simudyne to commercialize …

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Mitre to Continue as Operator of Center for Enterprise Modernization Under Treasury Dept. Award

TYSONS CORNER, VA, October 12, 2018 — Mitre has received a contract extension from the Treasury Department for the operation of a federally funded research and development center through 2023, ExecutiveBiz reported Thursday. The nonprofit organization said Wednesday it will continue its work to operate the Center for Enterprise Modernization, which provides data-driven analysis, …

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