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Treasury Advisory Committee on Racial Equity

(TACRE) Meeting 

September 19, 2023
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Agenda* 

Call to Order/Roll Call 9:00 – 9:05 Snider Page, DFO 

Opening Remarks 9:05 – 9:15 Michael Nutter, Chair & 

Felicia Wong, Vice Chair

Treasury Opening Remarks and Introduction 

Of Guest Speaker 9:15 – 9:20 Janis Bowdler, Counselor for

Racial Equity

IRS Update on Audit Disparities and the

Impact of Recent Budget Cuts 9:20 – 10:10 IRS Commissioner Werfel

Break 10:10 – 10:20 All

Subcommittee Preliminary Briefings With

Full Committee Comments/Discussion Michael Nutter, Chair

• Internal Staffing and Culture 10:20 – 10:45 Michael McAfee

• Financial Health & Capital Access 10:45 – 11:10 Bulbul Gupta &

Valerie Red-Horse Mohl

• IRA Implementation 11:10 – 11:35 Amanda Renteria 

• Research and Data Equity 11:35 – 12:00 Dr. Dorothy Brown &

Dr. John Friedman 

Adjourn Full Committee Meeting for

Subcommittee Preparatory Working Lunch 12:00 – 2:00 All
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Agenda cont.

Call to Order Full Committee Meeting 2:00 – 2:05 Snider Page, DFO

Remarks and Preparation for 

Full Committee Briefs for Voting 2:05 – 2:10 Michael Nutter, Chair

Felicia Wong, Vice Chair

Subcommittee Presentations for Full Committee 

Voting and Receiving by Treasury Officials

• Internal Staffing and Culture 2:10 – 2:35 Michael McAfee

Anna Canfield-Roth, Assistant 

Secretary (A/S) for Management

• Financial Health & Capital Access 2:35 – 3:00 Bulbul Gupta &

Valerie Red-Horse Mohl

Graham Steele, A/S for

Financial Institutions

• IRA Implementation 3:00 – 3:25 Amanda Renteria

Lily Batchelder, A/S for Tax Policy, 

and Laurel Blatchford, Chief 

Implementation Officer, IRA
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Agenda cont.

• Research and Data Equity 3:25 – 3:50 Dr. Dorothy Brown &

Dr. John Friedman

Lily Batchelder, A/S Tax for

Policy, and Laurel Blatchford, CIO 

for IRA

Review/Discussion on Public Comments 3:50 – 4:00 Michael Nutter, Chair &

Felicia Wong, Vice Chair 

Break 4:00 – 4:10 All

New Business/Next Meeting 

Next Meeting (December 7th) 

Expectations 4:10 – 4:20 Felicia Wong, Vice Chair

Overview of Treasury’s Process for

Adjudication of Recommendations 4:20 – 4:30 Diane Lim, Equity Hub Director

Final Comments and Adjourn 4:30 – 5:00 Michael Nutter, Chair

*Times and Presenters Subject to Change
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Call to Order/Roll Call 

Snider Page, Designated Federal Official/Acting Chief, 

Office of Diversity, Equity, Inclusion and Accessibility 
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Welcome and Opening Remarks 

Michael Nutter, Chair 

Felicia Wong, TACRE Vice-Chair
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Opening Remarks – TACRE Chair/Vice Chair 

Felicia Wong (Vice-Chair)

President and Chief Executive Officer, The Roosevelt 

Institute

Felicia Wong, President and 

Chief Executive Officer, The 

Roosevelt Institute. Felicia 

leads this non-profit 

organization, which focuses 

on progressive economics, 

invests in young leaders, and 

advances policies that bring 

the legacy of Franklin and Eleanor Roosevelt into the 21st 

century. Felicia is a political scientist whose work has 

focused on identifying barriers to an inclusive economy, 

industrial strategy, decarbonization, economic 

transformation, and strategies for long-term political 

change. Felicia Wong represents the non-profit sector.

Michael Nutter (Chair)

David N. Dinkins Professor of Professional Practice in 

Urban and Public Affairs, Columbia University and 

former Mayor of Philadelphia

Prior to being a Professor 

for Columbia University, 

Michael served as the 

Mayor, City of Philadelphia 

for eight years, where he 

made significant progress 

on high school graduation 

and college degree 

attainment rates, adding hundreds of miles of bike 

lanes and trails and launched the first low-income 

friendly bike share system in America. Michael actively 

recruited businesses to set up shop in Philadelphia, 

with tax reforms, better business services and 

international trade missions. Michael made a 

commitment to strong financial stewardship, resulting 

in the City’s credit rating being upgraded to “A” 

category by the three major credit rating agencies for 

the first time since the 1970s. Michael has a strong 

background in management of a large urban center, 

public service, and civic engagement. Michael Nutter

represents local government.
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Treasury Opening Remarks 

Janis Bowdler, Racial Equity Counselor 
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Opening Remarks - Racial Equity Counselor 

Janis Bowdler serves as Treasury's first Counselor for Racial Equity. Prior to Treasury, she

has spent the last two decades advancing economic equity solutions for 

communities of color and breaking down the barriers that underpin the disparities in 

wealth and financial security by race and gender.

Janis’ career has spanned local service, national advocacy, and international 

philanthropy. She launched her career in her native Northeast Ohio with Famicos 

Foundation, a community development corporation working in the Hough and Glenville 

neighborhoods of Cleveland, Ohio. As a Project Manager she developed and preserved 

affordable homeownership and rental opportunities for the residents of these historically 

African American neighborhoods.

She then spent 10 years at UnidosUS, then National Council of La Raza, advocating for 

economic mobility opportunities for Latino families. As the Director of Economic Policy, she 

led research, advocacy, and policy development in the areas of job creation and job quality, 

retirement security, housing, banking, community development and consumer protection.

Most recently, Janis served the President of the JPMorgan Chase & Co. Foundation. Under her leadership, the firm launched several 

critical initiatives that have expanded capital for entrepreneurs of color, improved access to banking products and services, expanded 

access to new job skills, and built more inclusive neighborhoods. Janis played a critical role in developing the firm’s incremental $30 

billion racial equity commitment.

Janis has authored a number of publications on financial opportunity and economic mobility. Most recently, she co-authored “Building 

Equitable Cities: How to Drive Economic Mobility and Regional Growth” with Henry Cisneros and Jeff Lubell.

Janis received a Bachelor of Arts degree from Malone College in Canton, Ohio and a Master of Science degree from Cleveland State

University. She is a proud Latina, a yoga instructor, mom to one daughter, two dogs, and a bunny. She lives with her husband and her 

family in Takoma Park, Maryland.
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Introduction of Daniel Werfel

Janis Bowdler, Racial Equity Counselor 
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Danny Werfel, IRS Commissioner

Danny Werfel serves as the 50th Commissioner of the Internal Revenue Service. 

As Commissioner, he presides over the nation's tax system, which collects 

approximately $4.1 trillion in tax revenue each year representing about 96% of 

the total gross receipts of the United States. Commissioner Werfel oversees an 

agency of about 85,000 employees and an annual budget of more than $12 

billion. 

Commissioner Werfel has an extensive range of experience inside and outside of 

government. Prior to becoming Commissioner, he was the global leader of 

Boston Consulting Group's (BCG) Public Sector practice. Previously, he was the 

leader of BCG's Public Sector practice in North America. In these roles, he worked with government 

agencies worldwide on finances, service delivery, transformation plans and risk-assessment initiatives. 

Before joining BCG in 2014, Commissioner Werfel served in the federal government for more than 15 

years, including seven months as Acting Commissioner of the IRS from May to December 2013.

Commissioner Werfel has received both national and local awards from the Association of Government 

Accountants for his contributions to Federal financial management. He received the Presidential Rank 

Award for Meritorious Service in 2008. He also served as a member of the Federal Accounting Standards 

Advisory Board from 2006 to 2009 and the Defense Business Board from 2014 to 2016.

Commissioner Werfel holds a master’s degree in public policy from Duke University, a Juris Doctor from 

the University of North Carolina at Chapel Hill and a bachelor’s degree in industrial and labor Relations 

from Cornell University.
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Subcommittee Briefings

Michael Nutter, TACRE Chair
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Subcommittees Chairs & Co-Chairs 

Internal Staffing & Culture

Michael McAfee

President and CEO

Policy Link

Financial Health Inclusion & Capital Access

Bulbul Gupta Valerie Red-Horse Mohl

President and CEO Co-Founder

Pacific Community Ventures Known Holdings

Inflation Reduction Act (IRA) Implementation

Amanda Renteria

CEO

Code for America

Research and Data Equity

Dr. Dorothy Brown Dr. John Friedman 

Martin D. Ginsburg Chair in Taxation PDBF Distinguished Professor of Economics 

& Professor of Law & International and Public Affairs 

Georgetown University Brown University
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Call to Order/Roll Call 

Snider Page, Designated Federal Official/Acting Chief, 

Office of Diversity, Equity, Inclusion and Accessibility 
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Subcommittee Presentations 

for 

Full Committee Voting

Michael Nutter, TACRE Chair
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Subcommittees Chairs & Co-Chairs 

Internal Staffing & Culture

Michael McAfee

President and CEO

Policy Link

Financial Health Inclusion & Capital Access

Bulbul Gupta Valerie Red-Horse Mohl

President and CEO Co-Founder

Pacific Community Ventures Known Holdings

Inflation Reduction Act (IRA) Implementation

Amanda Renteria

CEO

Code for America

Research and Data Equity

Dr. Dorothy Brown Dr. John Friedman 

Martin D. Ginsburg Chair in Taxation PDBF Distinguished Professor of Economics 

& Professor of Law & International and Public Affairs 

Georgetown University Brown University
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Treasury SME Preliminary Feedback and 

Comments
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Key Treasury Officials to the TACRE

Assistant Secretary for Management

Anna Canfield-Roth 

Assistant Secretary for Financial Institutions

Graham Steele

Assistant Secretary for Tax Policy

Lily Batchelder

IRS/Inflation Reduction Act Chief Implementation Officer

Laurel Blatchford 
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Review of Public Comments 

Michael Nutter, TACRE Chair

Felicia Wong, TACRE Vice-Chair
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New Business/Next Meeting 

Expectations

Felicia Wong, TACRE Vice-Chair
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Overview of Treasury’s Process of 

Adjudication of TACRE Recommendations

Diane Lim, Equity Hub Director
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Final TACRE Comments/Adjourn 

Michael Nutter, TACRE Chair