SBA: Agency and Department of War Establish Smaller War Plants Commission in Historic Effort to Strengthen Defense Industrial Base Capacity
Today, the U.S. Small Business Administration (SBA) and the U.S. Department of War (DoW) announced a historic initiative to expand American military capacity, capability, and resilience by establishing the Smaller War Plants Commission (SWPC). Created through a new Memorandum of Understanding (MOU), the Commission will marshal federal resources to expand production capacity, eliminate burdensome regulations, accelerate innovation, and provide targeted capital…
CDFI Fund: Agency Welcomes a New Director
Today, the U.S. Department of the Treasury announced Chris Miller as the Director of the Community Development Financial Institutions (CDFI) Fund. “I am honored to serve as a presidential appointee and Director of the CDFI Fund, bringing my industry experience in community development finance to this important role,” said Mr. Miller. “I look forward to…
SBA: Agency and Department of Energy Partner to Advance President Trump’s American Energy Dominance Agenda
Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Energy (DOE) announced a Memorandum of Agreement (MOA) establishing a strategic partnership to advance President Donald J. Trump’s American energy dominance agenda. Signed by SBA Administrator Kelly Loeffler and Energy Secretary Chris Wright at an event today in Pennsylvania, the agreement establishes the Small Business Investment Company-Energy…
FDIC: Second Federal Savings and Loan Association of Philadelphia Assumes All Deposits of Tioga-Franklin Savings Bank, Philadelphia
Tioga-Franklin Savings Bank in Philadelphia was closed today by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into an agreement with Second Federal Savings and Loan Association of Philadelphia to assume all deposits and purchase substantially all assets of Tioga-Franklin Savings Bank. As…
OCC: Comptroller Gould Discusses Digital Asset Innovation & GENIUS Next Steps
Comptroller of the Currency Jonathan V. Gould today discussed the Office of the Comptroller of the Currency’s (OCC) work under the leadership of President Donald J. Trump and U.S. Secretary of the Treasury Scott Bessent to support the Administration’s efforts to grow the economy and lead the global digital currency revolution, in a Fireside Chat…
SBA: SBA, DOL and OpenAI to Host Inaugural Manufacturing Workforce Expo
Registration open for August 26 job fair, connecting students with jobs and apprenticeships Today, the U.S. Small Business Administration (SBA) announced that its first-ever Manufacturing Workforce Expo will take place on Wednesday, August 26, 2026, at Atlantic Technical College in Coconut Creek, Florida. Co-hosted with the U.S. Department of Labor and OpenAI, the event is designed to…
ONDCP, HHS & HUD Launch First-Ever “Treatment First” Toolkit to Combat Homelessness and Addiction
New resource equips state and local leaders with Best Practices to expand recovery, reduce homelessness, and improve public safety White House Office of National Drug Control Policy (ONDCP) Director Sara Carter, Health and Human Services Secretary Robert F. Kennedy, Jr., and Housing and Urban Development Secretary Scott Turner today announced the Best Practices Toolkit: Addressing Homelessness and…
OCC: Agency Commends FDIC Reform and Advances Priority to Reinvigorate De Novo Chartering
New FDIC process to review deposit insurance applications aligns with OCC efforts The Office of the Comptroller of the Currency continues to prioritize reinvigorating de novo chartering to build a robust, diverse banking system that supports the U.S. economy and commends the Federal Deposit Insurance Corporation for its recent efforts to do the same. “De…
FDIC: New Review Process Announced for Deposit Insurance Applications
The Federal Deposit Insurance Corporation (FDIC) today announced a new two-phase process the agency will use to review new deposit insurance applications. The new procedures are intended to encourage new bank formation, accelerate the speed of the review process, and improve the efficiency of the application process. “Improving the de novo process and encouraging more new bank…
OCC: Secretary of the Treasury Bessent & Comptroller of the Currency Gould Highlight Community Bank Comeback at Arizona Bankers Association Roundtable
Local banks on the front lines of economic and national security; OCC acts to eliminate risks posed by extending financial services to illegal aliens Secretary of the Treasury Scott Bessent and Comptroller of the Currency Jonathan V. Gould today highlighted the Trump Administration’s efforts to alleviate regulatory burden on community banks, drive economic growth on…