Executive Summary - 1 

FY 2022 EXECUTIVE SUMMARY 

President’s Budget Discretionary Appropriation Request 

Dollars in Thousands

FY 2020 Enacted 

(post IRS 

transfer)3

FY 2021 

Enacted3

FY 2021 Enacted 

(post IRS 

transfer)3

FY 2022 

President's 

Budget

Management & Financial $1,538,377 $1,554,281 $1,554,281 $1,841,265 

Departmental Offices Salaries and Expenses $228,373 $233,000 $233,000 $270,669 

Committee on Foreign Investment in the United States (CFIUS) Fund1 $20,000 $20,000 $20,000 $20,000 

CFIUS Fees1 ($10,000) ($20,000) ($20,000) ($20,000)

Subtotal CFIUS Fund (non add)1 $10,000 $0 $0 $0 

Office of Terrorism and Financial Intelligence $169,712 $175,000 $175,000 $185,192 

Cybersecurity Enhancement Account $18,000 $18,000 $18,000 $132,027 

Department-wide Systems and Capital Investments Program $6,118 $6,118 $6,118 $6,118 

Office of Inspector General $41,044 $41,044 $41,044 $42,362 

Treasury Inspector General for Tax Administration $170,250 $170,250 $170,250 $175,762 

Special Inspector General for TARP $22,000 $19,000 $19,000 $17,000 

Community Development Financial Institutions Fund $262,000 $270,000 $270,000 $330,000 

Financial Crimes Enforcement Network $126,000 $126,963 $126,963 $190,539 

Alcohol and Tobacco Tax and Trade Bureau $119,600 $124,337 $124,337 $131,330 

Bureau of the Fiscal Service $340,280 $345,569 $345,569 $360,266 

Digitization of Unredeemed Matured Savings Bonds Records $25,000 $25,000 $25,000 $0 

Tax Administration2

Taxpayer Services $2,535,554 $2,555,606 $2,587,606 $2,940,876 

Enforcement $4,909,500 $5,212,622 $5,004,622 $5,462,823 

Operations Support $3,885,000 $3,928,102 $4,104,102 $4,448,195 

Business Systems Modernization $180,000 $222,724 $222,724 $305,032 

IRS Total Excluding Program Integrity Allocation Adjustment (PIAA) $11,510,054 $11,919,054 $11,919,054 $13,156,926 

PIAA $0 $0 $0 $416,897 

IRS Total, Including PIAA Adjustment $11,510,054 $11,919,054 $11,919,054 $13,573,823 

Subtotal, Treasury Appropriations excluding PIAA and TEOAF $13,048,431 $13,473,335 $13,473,335 $14,998,191 

Treasury Forfeiture Fund Total $0 ($75,000) ($75,000) $0 

Temporary Rescission $0 $0 $0 $0 

Permanent Rescission $0 ($75,000) ($75,000) $0 

Subtotal, Treasury Appropriation including TEOAF and excluding PIAA $13,048,431 $13,398,335 $13,398,335 $14,998,191 

Treasury International Programs $1,736,780 $1,890,319 $1,890,319 $3,278,034 

Multilateral Development Banks $1,522,205 $1,481,244 $1,481,244 $1,953,746 

Food Security $30,000 $32,500 $32,500 $43,000 

IMF PRGT Load Subsidy Cost $0 $0 $0 $2,000 

IMF PRGT Grant $0 $0 $0 $100,000 

Environmental Trust Funds $139,575 $139,575 $139,575 $1,074,288 

Office of Technical Assistance $30,000 $33,000 $33,000 $38,000 

Debt Restructuring - Tropical Forest Conservation Act $15,000 $15,000 $15,000 $15,000 

Debt Service Suspension Initiative and Common Framework $0 $0 $0 $52,000 

Somalia - Bilateral Debt Relief $0 $78,000 $78,000 $0 

Sudan - Bilateral and Multilateral Debt Relief4 $0 $111,000 $111,000 $0 

Total, Treasury Appropriations excluding PIAA and TEOAF $14,785,211 $15,363,654 $15,363,654 $18,276,225 

Total, Treasury Appropriations excluding PIAA $14,785,211 $15,288,654 $15,288,654 $18,276,225 

Total, Treasury $14,785,211 $15,288,654 $15,288,654 $18,693,122 

1/ The overall request for Treasury's CFIUS costs is $39.57 million, which includes $15 million from the CFIUS Fund and $24.57 million from Departmental Offices 

Salaries and Expenses. CFIUS fee estimates assume full year actual collections of $20 million in FY 2021. The Congressional Budget Office estimated $5 million to 

be collected in the Consolidated Appropriations Act, PL 116-260 due to the timing of the rulemaking final notice and other implementation factors.

2/ FY 2021 Enacted (est. post IRS Transfer) includes a proposed transfer of $208 million from Enforcement to Taxpayer Services ($32 million) and Operations 

Support ($176 million).

3/ Excludes funding provided for COVID-19 Pandemic response. 

4/ In FY 2021, Congress also appropriated $120 million to Treasury's debt restructuring account for clearing Sudan's arrears with the IMF on an emergency basis. 
Executive Summary - 2

MISSION STATEMENT

Maintain a strong economy and create economic and job opportunities by promoting conditions 

that enable economic growth and stability at home and abroad; strengthen national security by 

combating threats and protecting the integrity of the financial system; and manage the U.S. 

Government’s finances and resources effectively.

OVERVIEW OF REQUEST

The Budget requests $15.0 billion in base discretionary resources for the Department of the 

Treasury’s domestic programs, a $1.5 billion or 11.3 percent increase from the FY 2021 enacted 

level. 

• Provides the IRS with $13.2 billion from base discretionary appropriations to collect more 

than $3 trillion in revenue, process more than 245 million tax returns, ensure compliance; 

provide new and improved online tools for taxpayers to communicate with the IRS easily and 

quickly; and improve telephone and in-person taxpayer customer service, including outreach 

and assistance to underserved communities. 

o The request provides $305 million for multi-year modernization efforts to deliver 

long-term, systemic transformation of service and compliance for millions of 

taxpayers, small businesses, and corporations, as well as put IT operations and 

maintenance costs on a sustainable path. The IRS will continue developing a case 

management solution to replace legacy systems, new digital service options 

including electronic notices and live chat assistance, and new web applications to 

streamline taxpayer filing, payment, and authentication.

o The request proposes $176 million for Taxpayer First Act implementation to 

expand digital services, provide taxpayers with a seamless user experience, and 

develop and implement strategies for reaching underserved communities.

o The request includes $5.5 billion in the enforcement account to continue building 

compliance staffing and protect billions of dollars in revenue. The IRS is one of 

the best investments in the federal government with an overall return on 

investment of $5 for every $1 invested, not including significant deterrence 

effects. Every dollar invested in enforcement requires a funding increase in 

operations support for technology and administrative costs. 

• In addition to the amounts above, the request includes a proposal to invest $80 billion in the 

IRS to overhaul tax administration and provide it the information it needs to address tax 

evasion. This investment is split between a program integrity allocation ($417 million in FY 

2022) and a mandatory provision and is expected to yield approximately $700 billion in total 

revenue over ten years including the impact of the enforcement increases and the new 

information reporting requirements. 

• Includes $132 million for the Department-wide Cybersecurity Enhancement Account to 

address Department-wide breach mitigation activities due to SolarWinds and other emerging 

risk areas. 

• Requests $190.5 million for the Financial Crimes Enforcement Network (FinCEN), a $63.5 

million increase over the FY 2021 enacted level. This increase will allow FinCEN to fully 
Executive Summary - 3

implement the provisions in the Anti-Money Laundering Act of 2020 (AML Act) and the 

Corporate Transparency Act (CTA). This includes the design and development of an 

information technology database system to collect and safely secure beneficial ownership 

information. In addition, the budget includes resources to address the expansion of FinCEN’s 

role in administering the Bank Secrecy Act to include innovation, regulatory reform, and 

industry engagement. 

• Includes $330 million for the Community Development Financial Institutions (CDFI) Fund, a 

$60 million increase over FY 2021 enacted and the highest level in the history of the Fund. 

The request supports the need for increased capital flow to communities and geographies 

where access to capital is least efficient and most needed – including rural areas and 

persistent poverty counties, and in communities that are experiencing long term and 

structural impacts from historically discriminatory economic and housing policies. In 

addition, the budget proposes to increase funding for the Capital Magnet Fund by $12 billion 

over ten years through an American Jobs Plan initiative.

• Provides $270.7 million for Treasury Departmental Offices (including $24.6 million for the 

Committee on Foreign Investment in the United States) to continue to support pandemic 

recovery efforts, address climate change, income equality and racial equity, and restore the 

Treasury Department staffing levels to support key programs and other emerging risks. 

• Requests $25 million for the Special Inspector General for Pandemic Recovery by 

repurposing unobligated CARES Act balances. 

• Proposes legislation establishing a manufacturing financing facility to support increasing the 

size, competitiveness, and innovation of the U.S. manufacturing sector. The program will 

provide capital support including direct lending, loan guarantees, and potentially publicprivate risk-sharing models. Investments under the facility will attract private capital where 

risk otherwise precludes sufficient private market participation and will target building of 

long-term sustainable, globally competitive manufacturing production.
Executive Summary 

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Appropriation Direct Reimb. Total Direct Reimb. Total Direct Reimb. Total

Departmental Offices Salaries and Expenses2 638 39 677 721 39 760 836 39 875 Terrorism and Financial Intelligence 477 39 516 551 35 586 575 41 616 Cybersecurity Enhancement 4 4 6 6 10 10 Office of Inspector General 150 150 180 180 190 190 Treasury Inspector General for Tax Administration 731 2 733 760 2 762 760 2 762 Special Inspector General for TARP 80 80 74 74 68 68 Community Development Financial Institutions Fund 70 70 82 82 89 89 Financial Crimes Enforcement Network 264 1 265 300 3 303 380 3 383 Alcohol and Tobacco Tax and Trade Bureau 484 11 495 508 12 520 508 12 520 Bureau of the Fiscal Service 1,499 358 1,857 1,577 412 1,989 1,617 412 2,029 Internal Revenue Service funded from regular appropriations3 73,240 1,179 74,419 73,409 2,359 75,768 79,348 935 80,283 Subtotal, Treasury Appropriated Level 77,637 1,629 79,266 78,168 2,862 81,030 84,381 1,444 85,825 Office of Financial Stability (Administrative Account) 14 14 11 11 10 10 Small Business Lending Fund Program 3 3 3 3 3 3 Capital Magnet Fund 5 5 5 5 6 6 Office of Financial Research 102 102 128 128 145 145 Financial Stability Oversight Council 15 15 18 18 21 21 Treasury Franchise Fund 1,945 1,945 2,154 2,154 2,219 2,219 Bureau of Engraving and Printing 1,740 1,740 1,863 1,863 1,863 1,863 United States Mint 1,539 1,539 1,671 1,671 1,671 1,671 Office of the Comptroller of the Currency 3,589 3,589 3,523 3,523 3,523 3,523 Terrorism Insurance Program 5 5 7 7 8 8 IRS Private Collection Agent Program 274 274 434 434 434 434 Special Inspector General for Pandemic Recovery 2 2 66 66 76 76 Subtotal, Treasury Non-Appropriated Level 420 8,813 9,233 672 9,211 9,883 703 9,276 9,979 Total, Treasury 78,057 10,442 88,499 78,840 12,073 90,913 85,084 10,720 95,804 3/ Amounts for the IRS include 86 FTE funded from user fees in FY 2022 and exclude the proposed $417 million program integrity allocation adjustment that, if enacted, would increase IRS levels by an estimated 2,554 FTE in FY 2022. 

2020 Actual 2021 Operating Plan1 2022 President's Budget

Fiscal Year Comparison of Full

1/ Excludes funding provided for COVID-19 Pandemic response. 2/ FY 2022 Direct FTE includes 18 positions funded by transfer from CFIUS Fund.

-Time Equivalent (FTE) Staffing (Direct and Reimbursable)
Executive Summary 

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DO CFIUS2 TFI Cyber DSCIP OIG TIGTA SIGTARP CDFI FinCEN TTB FS IRS Total

FY 2021 Operating Plan1 $233,000 $20,000 $175,000 $18,000 $6,118 $41,044 $170,250 $19,000 $270,000 $126,963 $124,337 $370,569 $11,919,054 $13,493,335 

Maintaining Current Levels (MCLs) $6,540 $0 $4,817 $0 $0 $1,258 $5,300 $544 $0 $3,210 $3,885 $10,234 $327,995 $363,783

Pay Annualization $349 $234 $75 $349 $39 $137 $196 $557 $22,442 $24,378

Pay Raise $3,160 $2,119 $677 $3,165 $313 $1,109 $1,774 $5,049 $182,239 $199,605

FERS Contribution Increase $1,163 $836 $284 $1,177 $120 $517 $995 $1,676 $67,673 $74,441 

Non-Pay $1,868 $1,628 $222 $609 $72 $1,447 $920 $2,952 $55,641 $65,359 

Non-Recurring Costs (1,390) ($18,000) ($6,118) ($25,000) ($50,508)Efficiency Savings/Reinvestment ($5,428) ($5,585) ($11,013)Other Adjustment/Initiative Annualization $5,428 $5,428 

Adjustments to Base $5,150 $0 $4,817 ($18,000) ($6,118) $1,258 $5,300 $544 $0 $3,210 $3,885 ($14,766) $322,410 $307,690FY 2022 Base $238,150 $20,000 $179,817 $0 $0 $42,302 $175,550 $19,544 $270,000 $130,173 $128,222 $355,803 $12,241,464 $13,801,025 

Program Decreases ($1,709) ($2,544) ($4,253)CFIUS User Fees ($20,000) ($20,000)Program Increases/Reinvestments $32,519 $5,375 $132,027 $6,118 1,769 212 60,000 $60,366 $3,108 $4,463 $915,462 $1,221,419 

Subtotal, Program Changes $32,519 ($20,000) $5,375 $132,027 $6,118 $60 $212 ($2,544) $60,000 $60,366 $3,108 $4,463 $915,462 $1,197,166 FY 2022 President's Budget funded from discretionary resources

$270,669 $0 $185,192 $132,027 $6,118 $42,362 $175,762 $17,000 $330,000 $190,539 $131,330 $360,266 $13,156,926 $14,998,191 

Program Integrity Allocation Adjustment $416,897 $416,897 FY 2022 President's Budget including program integrity allocation adjustment

$270,669 $0 $185,192 $132,027 $6,118 $42,362 $175,762 $17,000 $330,000 $190,539 $131,330 $360,266 $13,573,823 $15,415,088 

Summary of FY 2022 Increases and Decreases

(Dollars in Thousands)1/ Excludes funding provided for COVID-19 Pandemic response. 2/ CFIUS Fund enacted levels are net appropriations including user fees.
Executive Summary - 6

ORGANIZATION

Treasury is organized into the Departmental Offices, seven bureaus, and four offices of Inspector General. The

Departmental Offices are primarily responsible for headquarters operations and policy formulation, while the

bureaus are the operating units of the organization.
Executive Summary - 7 

DEPARTMENTAL OFFICES

Domestic Finance works to preserve confidence in the

U.S. Treasury securities market, strengthen

financial institutions and markets, and promote

access to credit, in service to long-term economic

strength and stability.

Terrorism and Financial Intelligence (TFI) uses

unique policy, intelligence, enforcement and

regulatory tools and authorities to disrupt and

disable terrorists, criminals, and other national

security threats while also safeguarding the

financial system against abuse by illicit actors.

International Affairs protects economic prosperity

and national security by working to foster a most

favorable external environment for sustained jobs

and economic growth.

Tax Policy develops and implements tax policies and

programs, reviews regulations and rulings to

administer the Internal Revenue Code, provides 

revenue estimates for proposals, and receipt 

estimates for the President’s Budget.

Economic Policy reports on economic developments

and assists in the determination of appropriate

economic policies. It also reviews and analyzes

domestic economic issues and financial market

developments. 

The Treasurer of the United States serves as a 

principal advisor to the Secretary and leads the

Office of Consumer Policy, which provides policy

leadership, research, and analysis to foster 

economic growth and financial security for 

American families in a robust consumer

marketplace. The Treasurer also oversees the U.S.

Mint, including advising the Secretary on coinage

matters and liaising with the Federal Reserve.

The Office of Management and Chief Financial Officer, 

manages the Department’s financial resources and

oversees Treasury-wide programs, including

human capital, organizational performance, 

information technology, acquisition, diversity

issues, and CARES Act Operations.

 

Other offices within Departmental Offices include

the General Counsel, Legislative Affairs, and Public

Affairs. 

INSPECTORS GENERAL

Four Inspectors General – the Office of Inspector

General (OIG), the Treasury Inspector General for Tax 

Administration (TIGTA), the Special Inspector General

for the Troubled Asset Relief Program (SIGTARP), and 

the Special Inspector General for Pandemic Recovery – 

provide independent audits, investigations, and

oversight of Treasury and our programs.
DEPARTMENT OF THE TREASURY 8 

BUREAUS

The Alcohol and Tobacco Tax and Trade Bureau 

(TTB) collects federal excise taxes on alcohol,

tobacco, firearms, and ammunition and enforces 

and administers laws covering the production, use,

and distribution of alcohol and tobacco products.

The Bureau of Engraving and Printing (BEP) develops 

and produces U.S. currency notes, as well as secure

documents for government use.

The Financial Crimes Enforcement Network (FinCEN)

safeguards the financial system from illicit use, 

combats money laundering and its related crimes

including terrorism; promoting national security

through the strategic use of financial authorities 

and the collection, analysis, and dissemination of 

financial intelligence. 

The Bureau of the Fiscal Service (Fiscal Service)

promotes financial integrity and operational 

efficiency by operating the U.S. government’s

collections and deposit systems, and providing

central payment services to the American public on 

behalf of federal agencies. It also manages the

collection of delinquent debt, borrows funds needed 

to operate the U.S. government through the sale of 

marketable and special-purpose U.S. Treasury

securities, and accounts for the resulting debt.

Additionally, it delivers administrative shared

services to federal agencies and provides

government-wide accounting and reporting.

The Internal Revenue Service (IRS) determines, 

assesses, and collects U.S. tax revenue and helps

taxpayers understand their tax responsibilities, 

while aiming to prevent tax-related fraud.

The United States Mint (U.S. Mint) designs, mints,

and issues U.S. circulating coins, as well as

numismatic and bullion coins; in addition to

striking Congressional gold medals and other 

medals of national significance. It maintains

physical custody and protection of most of the

nation’s gold and all its silver assets.

The Office of the Comptroller of the Currency (OCC)

charters, regulates, and supervises national banks

and federal savings associations, as well as federal 

branches and agencies of foreign banks, to ensure

that they operate in a safe and sound manner,

provide fair access to financial services, treat

customers fairly, and comply with applicable laws

and regulations. 
Executive Summary - 9

TREASURY STRATEGIC MANAGEMENT

FRAMEWORK

The Government Performance and Results Act (GPRA) and the GPRA Modernization Act of 2010 require

agencies to identify goals, report progress against targets, and conduct data-driven reviews. These practices

allow stakeholders within and outside of the organization to assess the organization’s health and impact, while

promoting effective decision-making, and improved strategy execution and resource allocations. In this spirit,

Treasury developed a strategic framework using best-in-class organizational performance practices to help

achieve our strategic goals and objectives. Currently, we are developing Treasury’s FY 2022-2026 Strategic

Plan.

ORGANIZATIONAL PERFORMANCE REVIEW CYCLE

Our organizational performance reviews provide a regular forum for open dialogue and coordination between

bureau and Departmental Offices’ management and leadership. We bring together different perspectives to set

and align priorities, identify and solve problems, review agency performance, and drive results. The

performance review cycle integrates statutory requirements to conduct quarterly reviews of agency results

toward goals, with an annual exercise to validate our supporting objectives through our Strategic Objective

Annual Review (SOAR) process. We also integrate portfolio reviews of programs within our performance review

cycle activities, as required by the Program Management Improvement Accountability Act (PMIAA). The SOAR

process includes analyzing cross-cutting performance and identifying a set of strategic objectives as priority

focus areas Treasury also leverages the strategic management framework, including the SOAR, to gather

information on evidence-building activities across the department and identify agency priority questions for the

learning agenda.

At designated points throughout the fiscal year, we set annual priorities, evaluate progress against goals and

objectives, discuss new strategies to improve program outcomes, and assess funding options to increase results

for the agency. Treasury’s process and framework for managing to our strategic objectives and performance

outcomes are described in Table 1 on the following page. In addition to these department-level reviews, bureaus 

and offices validate performance data each quarter and many run their own internal performance reviews1.

 

1 The FY 2020 Verification and Validation Report is available at: https://home.treasury.gov/about/budgetfinancial-reporting-planning-and-performance/budget-requestannual-performance-plan-and-reports
Department of Treasury – Executive Summary - 10

Table 1: Strategic Framework Sessions

Fall

(October – November)

Winter

(February – March)

Spring

(April – May)

Summer

(June – July)

FocusOrganizational Performance SOAR Organizational Performance Budget Chair

Assistant Secretary for

Management/Performance

Improvement Officer

(ASM/PIO)

ASM/PIO and Deputy PIO ASM/PIO ASM/PIO and Budget

Officer

Goals/Outcomes • Review prior year’s

performance at the

bureau/office level

• Recognize successes

• Set priorities for year

ahead

• Identify shortfalls/risks;

accountability; assess

organizational health

• Deep dives on select

critical programs/projects

• Evaluate cross-agency

progress toward strategic

objectives

• Identify strategic shifts/

validate Treasury priorities

Outline potential topics

for annual review with

OMB

• Issue-based sessions: Dive

deep on cross-cutting

issues identified in the

SOAR with relevant

leadership; surface

problems and needed

assistance, identify nearterm improvement

strategies

• Program-based sessions:

check in on critical

programs/projects

identified in the SOAR as

needing a deep dive with

Treasury leadership;

identify assistance needed

• Connect priorities to

future funding

• Align funding to

performance

impacts and risk

mitigation

• Strengthen IT

acquisition,

budgeting, and

accountability

• Identify efficiencies

and redundancies in

request

• Update list of critical

programs/projects

based on budget

requests

To close out the FY 2018-2022 Strategic Plan, Treasury used the FY 2021 SOAR to determine the final status of 

the FY 2018 – 2022 Strategic Objectives, designating each objective as “sunset” or “re-focused,” based on 

whether sufficient progress was made towards the desired outcomes and the extent to which the area remains a 

priority for the coming years. Additionally, Treasury completed a scan of the agency’s internal and external 

environment to also inform the FY 2021 SOAR, during which Treasury identified proposed goals and objectives 

for the FY 2022-2026 Strategic Plan (including promoting equitable economic recovery and growth, tackling 

climate change, and workforce equity). The Annual Performance Plan will be updated in FY 2023 to reflect the 

final strategic plan.

IN THE FIRST QUARTER OF FY 2021, OMB ISSUED AN UPDATED TO CIRCULAR A-11, REMOVING THE REQUIREMENT TO

REPORT ON PROGRESS TOWARDS FY 2020 – FY 2021 AGENCY PRIORITY GOALS (APGS). TREASURY IS CURRENTLY IN THE

PROCESS OF IDENTIFYING POTENTIAL APGS FOR FY 2022 AND FY 2023, IN ALIGNMENT WITH THE PROPOSED GOALS AND

OBJECTIVES FOR THE FY 2022 – 2026 STRATEGIC PLAN.
Department of Treasury – Executive Summary - 11

ENTERPRISE RISK MANAGEMENT

FRAMEWORK

OMB Circular No. A-123, Management’s Responsibility for Enterprise Risk Management and Internal Control,

provides guidance to federal managers to effectively manage risks to achieve strategic objectives. Management,

together with the Chief Risk Officer (CRO), is responsible for establishing a governance structure to effectively

implement a robust process of risk management and internal control, as well as an enterprise-wide risk profile. 

Successful implementation requires us to establish and foster an open, transparent culture that encourages

people to communicate information about potential risks and other concerns that impact our programs and

operations.

The CRO meets regularly with senior leaders to discuss top risks to critical programs, systems, projects, and

priorities, including response strategies. The Office of Risk Management (ORM) has also established an

Enterprise Risk Management (ERM) Council, chaired by the Deputy CRO, which brings together risk managers

from each of our bureaus and policy offices on a bi-monthly basis to share best practices, and discuss risks. 

ORM works with the bureaus and policy offices across Treasury to monitor and annually update our risk profile.

Beyond its work at Treasury, ORM leads an interagency ERM community of practice including officials from

approximately 50 federal agencies. This group grew from ORM’s efforts to support agencies in their

implementation of ERM, including the July 2016 publication of the Playbook: Enterprise Risk Management

(ERM) for the U.S. Federal Government. This government-wide working group meets on a bi-monthly basis to

discuss common risks and various methods of implementing the guidelines of the Circular.

ENTERPRISE RISKS AND CHALLENGES

Through the FY 2020 SOAR and enterprise risk management process, we identified the following cross-cutting

operational risks.

Evolving Cyber Climate: Treasury, the U.S. government, and the whole financial sector face growing

complexities rooted in technology and the increased use of attacks from cyber criminals and state actors that

threaten the confidentiality, integrity, or availability of sensitive information housed within our information

systems. These malign efforts also challenge the effective operations of our financial sector firms. On December

11, 2020, Treasury was notified by a service provider of malicious activity related to services provided to the

Department. Treasury is still assessing the overall impact, if any of this breach to its financial management and

other systems. Based on assessments performed this far, we are not aware of any evidence that the breach

impacted the accuracy of our financial information presented herein.

Significant Disruptions to Operations: Treasury could face significant disruptions to operations due to natural

disasters, terrorist events, pandemics, or lapses in appropriations, resulting in the inability to successfully

deliver on mission. These potential disruptions may impose challenges for employees, contractors, and

taxpayers, and may constrain progress in critical areas.
Department of Treasury – Executive Summary - 12

Workforce Management: Treasury’s mission capability may be eroded due to operational challenges in human

resources, such as: recruitment, training and development, personnel security, and diversity and inclusion.

These challenges may be intensified when paired with changing mission and skill requirements.

Data Analytics Capabilities, Sharing, and Infrastructure: Treasury’s ability to support critical decisions with

data may be negatively affected by a lack of data accessibility and reliability, inability to successfully use and

interpret the data, or inability to process or analyze data due to insufficient or aging infrastructure.

Procurement, Acquisition, and Vendors: Treasury may be unable to acquire necessary products and services,

initiate work under contracts, and effectively monitor contract execution due to supply chain vulnerabilities

such as supplier risk, single vendors, lost time, and inefficient contracts. This may result in a failure to deliver

on mission needs

Prioritizing Objectives to Effectively Leverage Limited Resources: Treasury maintains a variety of important

programs and services, while being at the forefront of new and evolving initiatives to improve our economy and 

keep it on a stable footing. Due to uncertain funding amounts and timing, new or changing legislative 

requirements, and reduced capacity, Treasury may not be agile enough to sufficiently balance new initiatives 

with existing requirements or projects.

ADDITIONAL INFORMATION

HUMAN CAPITAL PLAN IMPLEMENTATION

In FY 2022, Treasury’s Human Capital Community will continue its efforts towards a competency-based 

management approach. In alignment with these efforts, below are some of the strategies that are the focus for 

FY 2022:

• Develop and implement a curriculum to aide in the development of diversity, equity, and inclusion 

competencies for employees at all levels. (DASHR-OCHCO, OCRD, OMWI)

• Continue the evaluation and design of Training and Development Programs (OIG)

• Implement an HR Office Performance and Accountability section (OIG)

• Continue the development and implementation of effective workforce planning processes (TTB)

• Develop a hiring plan for high-risk/critical positions (BEP)

• Implement strategies to improve the FEVS Engagement Index (BEP)

• Continue implementing enterprise Workforce Planning (IRS)

• Assess customer satisfaction and modernize the employee exit survey by collaborating with customers 

to identify areas for improvements. (TIGTA)

• Ensure the EEO Director and Human Capital Director meet regularly to assess whether personnel 

programs, policies and procedures conform to EEOC laws, instructions and management directives. 

(TIGTA)

• Implementation of NDAA to include the Direct Hire Authority. Hire Mission Critical and Mission 

Support positions using DHA. (FinCEN)
Department of Treasury – Executive Summary - 13

• Increase outreach by developing and/or strengthening partnerships with veteran’s organizations and 

Historically Black Colleges and Universities (FinCEN)

• Retention as we prepare for sunset (SIGTARP)

• Preparing employees for careers beyond SIGTARP (SIGTARP)

SUMMARY OF MANAGEMENT AND PERFORMANCE CHALLENGES

OIG and TIGTA have identified the most significant management and performance challenges facing the 

Department, in accordance with the Reports Consolidation Act of 2000. These challenges do not necessarily 

indicate deficiencies in performance; some represent inherent risks that require continuous monitoring. Refer 

to Section B of Part 3, Other Information, in the FY 2020 Treasury Agency Financial Report (AFR) for a 

detailed discussion of these challenges, including our progress toward addressing them.2 GAO releases a 

government-wide high-risk list every two years. Treasury has shared responsibility for one risk area and lead 

responsibility in another.

OIG – IDENTIFIED MANAGEMENT CHALLENGES 

• COVID-19 Pandemic Relief (New)

• Operating in an Uncertain Environment (Repeat)

• Cyber Threats (Repeat)

• Anti-Money Laundering/ Terrorist Financing and Bank Secrecy Act Enforcement (Repeat)

• Efforts to Promote Spending Transparency and to Prevent and Detect Improper Payments (Repeat)

• Information Technology Acquisition and Project Management (Repeat)

TIGTA – Identified Management Challenges 

• Responding to the COVID-19 Pandemic;

• Enhancing Security of Taxpayer Data and Protection of IRS Resources;

• Implementing Tax Law Changes;

• Addressing Emerging Threats to Tax Administration;

• Supporting an Enhanced Taxpayer Experience;

• Modernizing IRS Operations;

• Improving Tax Reporting and Payment Compliance;

• Reducing Fraudulent Claims and Improper Payments;

• Increasing International Tax Compliance; and

Protecting Taxpayer Rights.GAO – Identified High-Risk Areas

• Modernizing the U.S Financial Regulatory System (OFR/FSOC/OCC/Federal Reserve); and

• Enforcement of Tax Laws (IRS).

2 The FY 2020 AFR is available at https://home.treasury.gov/system/files/266/Treasury-FY-2020-AFR.pdf. The 

response letters are on pages 231-241.
Department of Treasury – Executive Summary - 14

GOOD ACCOUNTING OBLIGATION IN GOVERNMENT ACT (GAO-IG ACT)

The Good Accounting Obligation in Government Act (the Act) requires each Federal agency to include, in its 

annual budget justification, a report that identifies each public recommendation issued by the Government 

Accountability Office (GAO) and the agency's inspector(s) general (IGs) that has remained unimplemented for 

one year or more from the budget justification submission date. In compliance with the Act, Treasury has 

included a report listing each public recommendation issued by GAO, Treasury Office of Inspector General 

(OIG), and Treasury Inspector General for Tax Administration (TIGTA). For recommendations with which 

Treasury agreed, this report provides timelines for full implementation of the planned corrective actions (PCAs). 

For recommendations with completed PCAs, this report indicates the status as "Implemented and Awaiting 

Auditor Verification." For recommendations with which Treasury disagreed or did not implement corrective 

actions due to budgetary constraints or other factors, this report indicates their status as either "Rejected" or 

"On Hold," respectively. For recommendations where Treasury did not formally respond or take action, this 

report indicates “No Action Taken.” 

The Act also requires a reconciliation between the agency records of unimplemented recommendations and each 

IGs' Semiannual Report to Congress (SAR). Treasury IGs use the same system (Treasury’s Joint Audit 

Management Enterprise System (JAMES)) for the reporting of unimplemented recommendations in the SAR. 

In addition, Treasury IGs have direct access to JAMES and regularly review and validate the recommendation 

implementation status recorded in JAMES by conducting corrective action verifications and follow-up audits. A 

reconciliation table is provided as part of this report to illustrate that the discrepancies between this report and 

the SAR are due to differences in reporting criteria. 

The information used to create this report is based on JAMES and GAO’s recommendations database available 

on www.gao.gov. 

Reporting Methodology and Report Structure 

This report includes GAO, OIG, and TIGTA recommendations issued between 2/1/2013 and 1/31/2020 (7 years 

per Treasury’s record retention policy) that remained unimplemented for one year or more from the planned 

fiscal year 2022 budget justification submission date. 

The report has five parts: 

Appendix 1: A report listing GAO recommendations and their implementation status. 

Appendix 2: A report listing OIG recommendations and their implementation status.

Appendix 3: A report listing TIGTA recommendations and their implementation status.

Appendix 4: A reconciliation of this report and the IGs’ SARs. 

Appendix A: A listing of acronyms used throughout this report.
Department of Treasury – Executive Summary - 15

Status of Unimplemented Recommendations

Out of a total of 482 unimplemented recommendations, 231 have corrective actions in progress, 181 have been 

implemented and are awaiting auditor verification, and 70 are in “rejected,” “on hold,” or “no actions taken” status. 

Unimplemented Recommendations By Audit Area

Out of a total of 482 unimplemented recommendations, the top audit areas of Tax Administration and 

Compliance, Financial Statements, Information Technology, and Administration of Program Operations account 

for 90% of all unimplemented recommendations.

79

100

52

180

1

50

4

16

0

20

40

60

80

100

120

140

160

180

200

GAO OIG TIGTA

Corrective Actions in Progress

Implemented and Awaiting Auditor

Verification

Rejected, On Hold, or No Action

Taken

7

11

12

15

64

101

124

148

0 20 40 60 80 100 120 140 160

Human Capital

Improper Payments

 Other Financial Matters

(e.g. Lending, Debt Management, etc.)

Terrorism and Financial Crime

Administration of Program Operations

Information Technology

Financial Statements

Tax Administration and Compliance
Department of Treasury – Executive Summary - 16

 

EVIDENCE ACT

The Foundations for Evidence-Based Policymaking Act ("Evidence Act"), Public Law 115-435, takes steps to 

advance evidence-building functions in the Federal government. The law builds on existing Federal policies and 

data infrastructure investments to support information quality, access, and use. The Evidence Act challenges 

agencies to rethink how they are currently using and organizing evidence. An evidence-building activity section 

is provided in the Annual Performance Plan and Report section of each budget chapter (Section II, part D). This 

section provides an overview of the major evidence-building activities currently taking place and planned for the 

following fiscal year. Additionally, this section describes the estimated level of resources, relative level of effort 

devoted to each type of evidence-building activity. Finally, the evidence tables highlight the various ways in 

which evidence generated within Treasury is used in key policymaking and decision-making processes, and by 

internal and external stakeholders.

Prior to the passage of the Evidence Act, Treasury did not have an agency-wide evidence or evaluation 

community or governance structure. Treasury’s components have varying levels of maturity in evidencebuilding practices, with some bureaus having long-standing research or analytics functions, and others having 

minimal resources devoted to evidence-building. Additionally, the institution of the Data Governance Board, 

chaired by the Chief Data Officer, has provided a forum for the coordination of evidence and data issues at the 

enterprise level. Across the four types of evidence-building activities, Treasury’s bureaus and offices spend the 

most time and resources on analysis and research. Evidence generated through evaluation, research, analysis, 

and statistical activities is integrated into key policymaking and decision-making processes throughout the 

department. Evidence is used by stakeholders within Treasury and by external partners including other federal 

agencies and unaffiliated academic researchers. 

IDEA ACT

As required by section 3(b)(2) of Public Law 115-336, 132 Stat. 5025-5028, the 21st Century Integrated Digital 

Experience Act (21st Century IDEA or the Act), Treasury will provide a report to Congress highlighting progress 

across the enterprise and an integrated approach to modernize agency websites and digital services. This report

will include major accomplishments and continued progress in design standardization, bureau website and 

application modernization, and IDEA compliance for recovery efforts. As required in Section 4(d), Treasury will 

also continue to digitize all paper-based forms related to serving the public and centralize access to these forms.

Please see https://home.treasury.gov/system/files/286/2020-Treasury-Report-to-OMB-21st-Century-IDEAFINALv.pdf for more information. 

MACHINE READABLE SUMMARY TABLES

Treasury has developed, for online posting, machine-readable files of the budget summary tables in the 

executive summary chapter of the FY 2022 Congressional Justification. Please see

https://home.treasury.gov/about/budget-financial-reporting-planning-and-performance/budget-requestannualperformance-plan-and-reports for more information. 
Department of Treasury – Executive Summary - 17

Summary of FY 2022 Appropriations Language

Below is a summary of proposed Treasury appropriations language changes from the FY 2021 

enacted bill. Please note that brackets indicate which material will be deleted, and italics indicate 

which material will be inserted.

DEPARTMENTAL OFFICES

SALARIES AND EXPENSES

For necessary expenses of the Departmental Offices including operation and maintenance of the 

Treasury Building and Freedman's Bank Building; hire of passenger motor vehicles; 

maintenance, repairs, and improvements of, and purchase of commercial insurance policies for, 

real properties leased or owned overseas, when necessary for the performance of official 

business; executive direction program activities; international affairs and economic policy 

activities; domestic finance and tax policy activities, including technical assistance to State, 

local, and territorial entities; and Treasury-wide management policies and programs activities, 

[$233,000,000] $270,669,000: Provided, That of the amount appropriated under this heading—

(1) not to exceed $350,000 is for official reception and representation expenses; (2) not to exceed 

$258,000 is for unforeseen emergencies of a confidential nature to be allocated and expended 

under the direction of the Secretary of the Treasury and to be accounted for solely on the 

Secretary's certificate; and (3) not to exceed [$24,000,000] $34,000,000 shall remain available 

until September 30, [2022]2023, for— (A) the Treasury-wide Financial Statement Audit and 

Internal Control Program; (B) information technology modernization requirements; (C) the audit, 

oversight, and administration of the Gulf Coast Restoration Trust Fund; (D) the development and 

implementation of programs within the Office of Cybersecurity and Critical Infrastructure 

Protection, including entering into co- operative agreements; (E) operations and maintenance of 

facilities; and (F) international operations. 

OFFICE OF TERRORISM AND FINANCIAL INTELLIGENCE

SALARIES AND EXPENSES

For the necessary expenses of the Office of Terrorism and Financial Intelligenceto safeguard the 

financial system against illicit use and to combat rogue nations, terrorist facilitators, weapons of

mass destruction proliferators, human rights abusers, money launderers, drug kingpins, and other

national security threats,[ $175,000,000,] $185,192,000 of which not less than $3,000,000 shall 

be available for addressing human rights violations and corruption, including activities 

authorized by the Global Magnitsky Human Rights Accountability Act (22 U.S.C. 2656 note):

Provided, That of the amounts appropriated under this heading, up to $10,000,000shall remain

available until September 30, [2022] 2023.

CYBERSECURITY ENHANCEMENT ACCOUNT

For salaries and expenses for enhanced cybersecurity for systems operated by theDepartment of

the Treasury, [$18,000,000] $132,027,000, to remain available until September 30, [2023] 2024: 

Provided, That such funds shall supplement and not supplant any other amounts made available

to the Treasury offices and bureaus forcybersecurity: Provided further, That of the total amount
Department of Treasury – Executive Summary - 18

made available under thisheading [$1,000,000] $4,000,000 shall be available for administrative

expensesfor the Treasury Chief Information Officer to provide oversight of the investments

made under this heading: Provided further, That such funds shall supplement and not supplant 

any other amounts made available to the Treasury Chief Information Officer.

DEPARTMENT-WIDE SYSTEMS AND CAPITAL INVESTMENTS PROGRAM

For development and acquisition of automatic data processing equipment, software,and services

and for repairs and renovations to buildings owned by the Departmentof the Treasury, 

$6,118,000, to remain available until September 30, [2023] 2024:Provided, That these funds

shall be transferred to accounts and in amounts as necessary to satisfy the requirements of the

Department's offices, bureaus, and other organizations: Provided further, That this transfer

authority shall be in addition to anyother transfer authority provided in this Act: Provided 

further, That none of the funds appropriated under this heading shall be used to support or 

supplement "In- ternal Revenue Service, Operations Support" or "Internal Revenue Service,

BusinessSystems Modernization". 

OFFICE OF THE INSPECTOR GENERAL

SALARIES AND EXPENSES

For necessary expenses of the Office of Inspector General in carrying out theprovisions of

the Inspector General Act of 1978, [$41,044,000] $42,362,000, including hire of passenger

motor vehicles; of which not to exceed $100,000 shall beavailable for unforeseen 

emergencies of a confidential nature, to be allocated and expended under the direction of the

Inspector General of the Treasury; of which upto $2,800,000 to remain available until

September 30, [2022] 2023, shall be foraudits and investigations conducted pursuant to 

section 1608 of the Resources andEcosystems Sustainability, Tourist Opportunities, and 

Revived Economies of the Gulf Coast States Act of 2012 (33 U.S.C. 1321 note); and of which

not to exceed $1,000 shall be available for official reception and representation expenses.

COMMITTEE ON FOREIGN INVESTMENT IN THE UNITED STATES

For necessary expenses of the Committee on Foreign Investment in the United States, 

$20,000,000, to remain available until expended: Provided, That the chair-person of the 

Committee may transfer such amounts to any department or agency represented on the 

Committee (including the Department of the Treasury) subject to advance notification to the 

Committees on Appropriations of the House of Representatives and the Senate: Provided

further, That amounts so transferred shall re-main available until expended for expenses of

implementing section 721 of the Defense Production Act of 1950, as amended (50 U.S.C. 4565),

and shall be availablein addition to any other funds available to any department or agency:

Provided further, That fees authorized by section 721(p) of such Act shall be credited to this

appropriation as offsetting collections: Provided further, That the total amount ap-propriated

under this heading from the general fund shall be reduced as such offset-ting collections are 

received during fiscal year [2021] 2022, so as to result in a total appropriation from the

general fund estimated at not more than [$15,000,000] $0.
Department of Treasury – Executive Summary - 19

TREASURY INSPECTOR GENERAL FOR TAX ADMINISTRATION

SALARIES AND EXPENSES

For necessary expenses of the Treasury Inspector General for Tax Administrationin carrying out

the Inspector General Act of 1978, as amended, including purchaseand hire of passenger motor 

vehicles (31 U.S.C. 1343(b)); and services authorizedby 5 U.S.C. 3109, at such rates as may be 

determined by the Inspector General forTax Administration; [$170,250,000] $175,762,000, of

which $5,000,000 shall remain available until September 30, [2022] 2023; of which not to

exceed $6,000,000 shallbe available for official travel expenses; of which not to exceed 

$500,000 shall be available for unforeseen emergencies of a confidential nature, to be allocated 

and expended under the direction of the Inspector General for Tax Administration; andof which

not to exceed $1,500 shall be available for official reception and representation expenses. 

COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND PROGRAM 

ACCOUNT

Act of 1994 (subtitle A of title I of Public Law 103–325), including services authorized by 

section 3109 of title 5, United States Code, but at rates for individuals not to exceed the per diem 

rate equivalent to the rate for EX-III, [$270,000,000]$330,000,000. Of the amount appropriated 

under this heading—(1) not less than [$167,000,000] $217,383,000, notwithstanding section 

108(e) of Public Law 103–325 (12 U.S.C. 4707(e)) with regard to Small and/or Emerging 

Community Development Financial Institutions Assistance awards, is available until September 

30, [2022] 2023, for financial assistance and technical assistance under subparagraphs (A) and 

(B) of section 108(a)(1), respectively, of Public Law 103–325 (12 U.S.C. 4707(a)(1)(A) and 

(B)), of which up to $1,600,000 may be available for training and outreach under section 109 of 

Public Law 103–325 (12U.S.C. 4708), of which up to [$2,374,500] $3,153,750 may be used for 

the cost of direct loans, of which up to $6,000,000, notwithstanding subsection (d) of section 108 

of Public Law 103–325 (12 U.S.C. 4707 (d)), may be available to provide financial assistance, 

technical assistance, training, and outreach to community development financial institutions to 

expand investments that benefit individuals with disabilities, and of which not less than 

$2,000,000 shall be for the Economic Mobility Corps to be operated in conjunction with the 

Corporation for National and Community Service, pursuant to 42 U.S.C. 12571: Provided, That 

the cost of direct and guaranteed loans, including the cost of modifying such loans, shall be as 

defined in section 502 of the Congressional Budget Act of 1974: Provided further, That these 

funds are available to subsidize gross obligations for the principal amount of direct loans not to 

exceed $25,000,000: Provided further, That of the funds provided under this paragraph, 

excluding those made to community development financial institutions to expand investments 

that benefit individuals with disabilities and those made to community development financial 

institutions that serve populations living in persistent poverty counties, the CDFI Fund shall 

prioritize Financial Assistance awards to organizations that invest and lend in high- poverty 

areas: Provided further, That for purposes of this section, the term "high- poverty area" means 

any census tract with a poverty rate of at least 20 percent as measured by the 2011–2015 5-year 
Department of Treasury – Executive Summary - 20

data series available from the American Community Survey of the Bureau of the Census for all 

States and Puerto Rico or with a poverty rate of at least 20 percent as measured by the 2010 

Island areas Decennial Census data for any territory or possession of the United States; (2) Not 

less than [$16,500,000]$21,500,000, notwithstanding section 108(e) of Public Law 103–325 (12 

U.S.C. 4707(e)), is available until September 30, [2022] 2023, for financial assistance, technical 

assistance, training, and outreach programs designed to benefit Native American, Native 

Hawaiian, and Alaska Native communities and provided primarily through qualified community 

development lender organizations with experience and expertise in community development 

banking and lending in Indian country, Native American organizations, Tribes and Tribal 

organizations, and other suitable providers; (3) not less than $26,000,000 is available until 

September 30, [2022] 2023, for the Bank Enterprise Award program; (4) not less than 

$23,000,000, notwithstanding subsections (d) and (e) of section 108 of Public Law 103–325 (12 

U.S.C. 4707(d) and (e)), is available until September 30, [2022] 2023, for a Healthy Food 

Financing Initiative to provide financial assistance, technical assistance, training, and outreach to 

community development financial institutions for the purpose of offering affordable financing 

and technical assistance to expand the availability of healthy food options in dis- tressed 

communities; (5) not less than $8,500,000 is available until September 30, [2022] 2023, to 

provide grants for loan loss reserve funds and to provide technical assistance for small dollar 

loan programs under section 122 of Public Law 103–325 (12 U.S.C. 4719): Provided, That 

sections 108(d) and 122(b)(2) of such Public Law shall not apply to the provision of such grants 

and technical assistance; up to [$29,000,000] $33,617,000 is available until September 30, 

[2021]2022, for administrative expenses, including administration of CDFI Fund programs and 

the New Markets Tax Credit Program, of which not less than $1,000,000 is for the development 

of tools to better assess and inform CDFI in- vestment performance and CDFI Fund program 

impacts, and up to $300,000 is for administrative expenses to carry out the direct loan program; 

and (7) during fiscal year [2021] 2022, none of the funds available under this heading are 

available for the cost, as defined in section 502 of the Congressional Budget Act of 1974, of 

commitments to guarantee bonds and notes under section 114A of the Riegle Community 

Development and Regulatory Improvement Act of 1994 (12 U.S.C. 4713a): Provided, That 

commitments to guarantee bonds and notes under such section 114A shall not exceed 

$500,000,000: Provided further, That such section 114A shall remain in effect until December 

31, [2021] 2022: Provided further, That of the funds awarded under this heading, except those 

provided for the Economic Mobility Corps, not less than 10 percent shall be used for awards that 

support investments that serve populations living in persistent poverty counties: Provided further, 

That for the purposes of this paragraph and paragraph (1), the term "persistent poverty counties" 

means any county, including county equivalent areas in Puerto Rico, that has had 20 percent or 

more of its population living in poverty over the past 30 years, as measured by the 1990 and 

2000 decennial censuses and the 2011–2015 5-year data series available from the American 

Community Survey of the Bureau of the Census or any other territory or possession of the United 

States that has had 20 percent or more of its population living in poverty over the past 30 years, 

as measured by the 1990, 2000 and 2010 Island Areas Decennial Censuses, or equivalent data, of 

the Bureau of the Census.
Department of Treasury – Executive Summary - 21

SPECIAL INSPECTOR GENERAL FOR THE TROUBLED ASSET RELIEF 

PROGRAM

SALARIES AND EXPENSES

For necessary expenses of the Office of the Special Inspector General in carryingout the 

provisions of the Emergency Economic Stabilization Act of 2008 (Public Law 110–343), 

[$19,000,000] $17,000,000. 

FINANCIAL CRIMES ENFORCEMENT NETWORK

SALARIES AND EXPENSES

For necessary expenses of the Financial Crimes Enforcement Network, includinghire of 

passenger motor vehicles; travel and training expenses of non-Federal and foreign government 

personnel to attend meetings and training concerned with domestic and foreign financial 

intelligence activities, law enforcement, and financialregulation; services authorized by 5 

U.S.C. 3109; not to exceed [$12,000] $45,000for official reception and representation expenses;

and for assistance to Federal lawenforcement agencies, with or without reimbursement,

[$126,963,000] $190,539,000, of which not to exceed [$34,335,000] $94,600,000 shall remain

available until September 30, [2023] 2024 for information technology and to implement

Division F of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal

Year 2021 (Public Law 116–283).

BUREAU OF THE FISCAL SERVICE

SALARIES AND EXPENSES

For necessary expenses of operations of the Bureau of the Fiscal Service, [$345,569,000] 

$360,266,000; of which not to exceed $8,000,000, to remain available until September 30,

[2023] 2024, is for information systems modernization initiatives; and of which $5,000 shall be

available for official reception and representation expenses. In addition, $165,000, to be derived

from the Oil Spill Liability Trust Fund to reimburse administrative and personnel expenses for 

financial management of the Fund, as authorized by section 1012 of Public Law 101–380. 

ALCOHOL AND TOBACCO TAX AND TRADE BUREAU

SALARIES AND EXPENSES

For necessary expenses of carrying out section 1111 of the Homeland Security Act of 2002,

including hire of passenger motor vehicles, [$124,337,000] $131,330,000; of which $5,000,000 

shall remain available until September 30, 2023; of which not to exceed $6,000 shall be 

available for official reception and representation expenses; and of which not to exceed $50,000

shall beavailable for cooperative research and development programs for laboratory services; and 

provision of laboratory assistance to State and local agencies with or without reimbursement[:

Provided, That of the amount appropriated under this heading, $5,000,000 shall be for the costs

of accelerating the processing of formula and labelapplications: Provided further, That of the

amount appropriated under this heading, $5,000,000, to remain available until September 30,
Department of Treasury – Executive Summary - 22

2022, shall be for the costs associated with enforcement of and education regarding the trade

practice provisionsof the Federal Alcohol Administration Act (27 U.S.C. 201 et seq.)]. 

UNITED STATES MINT PUBLIC ENTERPRISE FUND

Pursuant to section 5136 of title 31, United States Code, the United States Mint is provided

funding through the United States Mint Public Enterprise Fund for costsassociated with the

production of circulating coins, numismatic coins, and protectiveservices, including both

operating expenses and capital investments: Provided, Thatthe aggregate amount of new 

liabilities and obligations incurred during fiscal year[2021] 2022 under such section 5136 for

circulating coinage and protective servicecapital investments of the United States Mint shall not

exceed $50,000,000.

INTERNAL REVENUE SERVICE

TAXPAYER SERVICES

For necessary expenses of the Internal Revenue Service to provide taxpayer ser-vices, including 

pre-filing assistance and education, filing and account services, taxpayer advocacy services, and 

other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the

Commissioner, [$2,555,606,000] $2,940,876,000, of which not less than $11,000,0000 shall

be for the Tax Counseling for the Elderly Program,of which not less than $13,000,000 shall be

available for low-incometaxpayer clinic grants, of which not less than $30,000,000, to remain

available until September 30, [2022] 2023, shall be available for the CommunityVolunteer

Income Tax Assistance Matching Grants Program for tax return preparation assistance, and of

which not lessthan

$211,000,000 shall be available for operating expenses of the Taxpayer Advocate Service: 

Provided, That of the amounts made available for the Taxpayer Advocate Service, not less 

than $5,500,000 shall be for identity theft and refund fraud casework.

ENFORCEMENT

For necessary expenses for tax enforcement activities of the Internal Revenue Service to

determine and collect owed taxes, to provide legal and litigation support,to conduct criminal

investigations, to enforce criminal statutes related to violationsof internal revenue laws and other

financial crimes, to purchase and hire passengermotor vehicles (31 U.S.C. 1343(b)), and to

provide other services as authorized by 5 U.S.C. 3109, at such rates as may be determined by the

Commissioner, [$5,212,622,000] $5,462,823,000, of which not to exceed $250,000,000 shall

remainavailable until September 30, [2022] 2023; of which not less than $60,257,000 shall be 

for the Interagency Crime and Drug Enforcement program; and of which not to exceed 

[$15,000,000] $21,000,000 shall be for investigative technology for the Criminal Investigation

Division: Provided, That the amount made available forinvestigative technology for the Criminal

Investigation Division shall be in additionto amounts made available for the Criminal

Investigation Division under the "Operations Support" heading. In addition, $287,452,000, for an

additional amount to meet the terms of a concurrent resolution on the budget for tax enforcement 

activities under this heading, including tax compliance to address the Federal tax gap: 
Department of Treasury – Executive Summary - 23

Provided, That such additional amounts may not be transferred or reprogrammed for any other 

activity.

OPERATIONS SUPPORT

For necessary expenses of the Internal Revenue Service to support taxpayer servicesand 

enforcement programs, including rent payments; facilities services; printing; postage; physical

security; headquarters and other IRS-wide administration activities;research and statistics of

income; telecommunications; information technology development, enhancement, operations,

maintenance, and security; the hire of passengermotor vehicles (31 U.S.C. 1343(b)); the

operations of the Internal Revenue Service Oversight Board; and other services as authorized by 

5 U.S.C. 3109, at such rates as may be determined by the Commissioner; [$3,928,102,000] 

$4,448,195,000, ofwhich not to exceed $275,000,000 shall remain available until September 30,

[2022] 2023; of which not to exceed $10,000,000 shall remain available until expended for

acquisition of equipment and construction, repair and renovation of facilities; of which not to

exceed $1,000,000 shall remain available until September 30, [2023] 2024, for research; of 

which not less than $10,000,000, to remain available until expended, shall be available for 

establishment of an application through which entities registering and renewing registrations in 

the System for Award Managementmay request an authenticated electronic certification stating 

that the entity does or does not have a seriously delinquent tax debt; and of which not to exceed 

$20,000 shall be for official reception and representation expenses: Provided, That not laterthan

30 days after the end of each quarter, the Internal Revenue Service shall submita report to the 

Committees on Appropriations of the House of Representatives andthe Senate and the

Comptroller General of the United States detailing major information technology investments in

the Internal Revenue Service Integrated Modernization Business Plan portfolio, including 

detailed, plain language summaries on thestatus of plans, costs, and results; prior results and 

actual expenditures of the priorquarter; upcoming deliverables and costs for the fiscal year; risks 

and mitigation strategies associated with ongoing work; reasons for any cost or schedule

variances;and total expenditures by fiscal year: Provided further, That the Internal Revenue

Service shall include, in its budget justification for fiscal year [2022] 2023, a summary of cost 

and schedule performance information for its major information technology systems. In addition,

$129,445,000, for an additional amount to meet the terms of a concur-rent resolution on the 

budget for tax enforcement activities under this heading, including tax compliance to address 

the Federal tax gap: Provided, That such additional amounts may not be transferred or 

reprogrammed for any other activity.

BUSINESS SYSTEMS MODERNIZATION

For necessary expenses of the Internal Revenue Service's business systems modernization 

program,[ $222,724,000] $305,032,000, to remain available until September 30, [2023]

2024, for the capital asset acquisition of information techno-logy systems, including 

management and related contractual costs of said acquisitions, including related Internal 

Revenue Service labor costs, and contractual costsassociated with operations authorized by 5 

U.S.C. 3109: Provided, That not later than 30 days after the end of each quarter, the Internal
Department of Treasury – Executive Summary - 24

Revenue Service shall submita report to the Committees on Appropriations of the House of 

Representatives andthe Senate and the Comptroller General of the United States detailing major

information technology investments in the Internal Revenue Service Integrated Modernization 

Business Plan portfolio, including detailed, plain language summaries on thestatus of plans, 

costs, and results; prior results and actual expenditures of the priorquarter; upcoming 

deliverables and costs for the fiscal year; risks and mitigation strategies associated with ongoing

work; reasons for any cost or schedule variances;and total expenditures by fiscal year. 

ADMINISTRATIVE PROVISIONS— INTERNAL REVENUE SERVICE

SEC. 101. Not to exceed 4 percent of the appropriation made available in this Act to the Internal

Revenue Service under the "Enforcement" heading, and not to exceed5 percent of any other

appropriation made available in this Act to the Internal Revenue Service, may be transferred to

any other Internal Revenue Service appropriation upon [the] advance [approval of] notice to the 

Committees on Appropriations of the House of Representatives and the Senate.

SEC. 102. The Internal Revenue Service shall maintain an employee training program, which

shall include the following topics: taxpayers' rights, dealing courteouslywith taxpayers, crosscultural relations, ethics, and the impartial application of taxlaw.

SEC. 103. The Internal Revenue Service shall institute and enforce policies and procedures that

will safeguard the confidentiality of taxpayer information and protect taxpayers against identity 

theft.

SEC. 104. Funds made available by this or any other Act to the Internal RevenueService shall

be available for improved facilities and increased staffing to providesufficient and effective 1–

800 help line service for taxpayers. The Commissionershall continue to make improvements to

the Internal Revenue Service 1–800 helpline service a priority and allocate resources necessary

to enhance the response timeto taxpayer communications, particularly with regard to victims of

tax-related crimes.

SEC. 105. The Internal Revenue Service shall issue a notice of confirmation of any address

change relating to an employer making employment tax payments, andsuch notice shall be sent

to both the employer's former and new address and an officer or employee of the Internal

Revenue Service shall give special consideration to anoffer-in-compromise from a taxpayer

who has been the victim of fraud by a third party payroll tax preparer.

SEC. 106. None of the funds made available under this Act may be used by theInternal

Revenue Service to target citizens of the United States for exercising anyright guaranteed under

the First Amendment to the Constitution of the United States.

SEC. 107. None of the funds made available in this Act may be used by the Internal Revenue

Service to target groups for regulatory scrutiny based on their ideological beliefs.

SEC. 108. None of funds made available by this Act to the Internal Revenue Service shall be

obligated or expended on conferences that do not adhere to the procedures,verification processes,

documentation requirements, and policies issued by the ChiefFinancial Officer, Human Capital 

Office, and Agency-Wide Shared Services as a result of the recommendations in the report 

published on May 31, 2013, by the Treasury Inspector General for Tax Administration entitled

"Review of the August2010 Small Business/Self-Employed Division's Conference in Anaheim,

California"(Reference Number 2013–10–037).

SEC. 109. None of the funds made available in this Act to the Internal Revenue Service may be 
Department of Treasury – Executive Summary - 25

obligated or expended (1) to make a payment to any employee under a bonus, award, or

recognitionprogram; or (2) under any hiring or personnel selection process with respect to rehiring aformer employee; unless such program or process takes into account the conduct and 

Federal tax compliance of such employee or former employee.

SEC. 110. None of the funds made available by this Act may be used in contravention of section

6103 of the Internal Revenue Code of 1986 (relating to confidentialityand disclosure of returns 

and return information).

SEC. 111. Notwithstanding any Congressional notification requirements for a reprogramming

of funds in this Act, funds provided in this Act for the Internal RevenueService shall be available

for obligation and expenditure through a reprogrammingof funds that augments or reduces 

existing programs, projects, or activities by up to $10,000,000 without prior Congressional 

notification of such action.

SEC. 112. There is hereby established the Internal Revenue Service Working Capital Fund 

(Fund), which shall be available without fiscal year limitation, for expenses necessary for

facility services, technology, and other centralized servicesthat the Commissioner of Internal 

Revenue, subject to prior notice to the Office of Management and Budget, deems appropriate 

and advantageous to provide on a reimbursable basis: Provided, That amounts deposited in the

Fund shall be in addition to funds otherwise available for such purposes, and shall remain

available until expended: Provided further, That the Fund may receive advances and

reimbursements from funds available to the business units and offices of the Internal Revenue

Servicefor which such centralized services are performed at rates which will return in fullall 

expenses of operation: Provided further, That unobligated balances of expired amounts

appropriated or otherwise made available for this or any succeeding fiscalyear to the Internal

Revenue Service may be transferred and merged into the Fundno later than the end of the fifth 

fiscal year after the last fiscal year for which suchfunds are available for the purposes for which

appropriated: Provided further, That no funds may be transferred pursuant to the previous 

proviso unless advance notification is provided to the Committees on Appropriations of the

House of Representatives and the Senate. 

ADMINISTRATIVE PROVISIONS—DEPARTMENT OF THE TREASURY

SEC. 111. Appropriations to the Department of the Treasury in this Act shall be available for

uniforms or allowances therefor, as authorized by law (5 U.S.C. 5901),including maintenance, 

repairs, and cleaning; purchase of insurance for official motor vehicles operated in foreign 

countries; purchase of motor vehicles without regard to the general purchase price limitations for 

vehicles purchased and used overseas for the current fiscal year; entering into contracts with the 

Department ofState for the furnishing of health and medical services to employees and their 

dependents serving in foreign countries; and services authorized by 5 U.S.C. 3109.

SEC. 112. Not to exceed 2 percent of any appropriations in this title made availableunder the

headings "Departmental Offices—Salaries and Expenses", "Office of Inspector General",

"Special Inspector General for the Troubled Asset Relief Program", "Financial Crimes 

Enforcement Network", "Bureau of the Fiscal Service", and "Alcohol and Tobacco Tax and 

Trade Bureau" may be transferred between such appropriations upon the advance [approval] 

notification of the Committees on Appropriations of the House of Representatives and the 

Senate: Provided, That no transfer under this section may increase or decrease any such
Department of Treasury – Executive Summary - 26

appropriation by morethan 2 percent.

SEC. 113. Not to exceed 2 percent of any appropriation made available in this Actto the Internal

Revenue Service may be transferred to the Treasury Inspector Generalfor Tax Administration's 

appropriation upon the advance [approval] notification ofthe Committees on Appropriations of

the House of Representatives and the Senate:Provided, That no transfer may increase or decrease

any such appropriation by morethan 2 percent.

SEC. 114. None of the funds appropriated in this Act or otherwise available to theDepartment 

of the Treasury or the Bureau of Engraving and Printing may be used to redesign the $1 Federal 

Reserve note.

SEC. 115. The Secretary of the Treasury may transfer funds from the "Bureau of the Fiscal

Service—Salaries and Expenses" to the Debt Collection Fund as necessaryto cover the costs of

debt collection: Provided, Thatsuch amounts shall be reimbursedto such salaries and expenses 

account from debt collections received in the Debt Collection Fund.

SEC. 116. None of the funds appropriated or otherwise made available by this orany other Act 

may be used by the United States Mint to construct or operate any museum without the [explicit 

approval] prior notification of the Committees on Appropriations of the House of

Representatives and the Senate, the House Committeeon Financial Services, and the Senate

Committee on Banking, Housing, and UrbanAffairs.

SEC. 117. None of the funds appropriated or otherwise made available by this orany other Act

or source to the Department of the Treasury, the Bureau of Engravingand Printing, and the 

United States Mint, individually or collectively, may be usedto consolidate any or all functions

of the Bureau of Engraving and Printing and theUnited States Mint without the [explicit 

approval] prior notification of the House Committee on Financial Services; the Senate

Committee on Banking, Housing, andUrban Affairs; and the Committees on Appropriations of

the House of Representatives and the Senate.

SEC. 118. Funds appropriated by this Act, or made available by the transfer offunds in this 

Act, for the Department of the Treasury's intelligence or intelligence related activities are 

deemed to be specifically authorized by the Congress for purposes of section 504 of the 

National Security Act of 1947 (50 U.S.C. 414) during fiscal year [2021] 2022 until the

enactment of the Intelligence Authorization Actfor Fiscal Year [2021] 2022.

SEC. 119. Not to exceed $5,000 shall be made available from the Bureau of Engraving and 

Printing's Industrial Revolving Fund for necessary official reception and representation 

expenses.

SEC. 120. The Secretary of the Treasury shall submit a Capital Investment Plan to the

Committees on Appropriations of the House of Representatives and the Senatenot later than 30 

days following the submission of the annual budget submitted bythe President: Provided, That

such Capital Investment Plan shall include capital investmentspending from all accounts within

the Department of the Treasury, includingbut not limited to the Department-wide Systems and 

Capital Investment Programsaccount, Treasury Franchise Fund account, and the Treasury

Forfeiture Fund account:Provided further, That such Capital Investment Plan shall include

expenditures occurring in previous fiscal years for each capital investment project that has not

beenfully completed.

SEC. 121. Within 45 days after the date of enactment of this Act, the Secretary ofthe Treasury 

shall submit an itemized report to the Committees on Appropriationsof the House of
Department of Treasury – Executive Summary - 27

Representatives and the Senate on the amount of total funds chargedto each office by the

Franchise Fund including the amount charged for each serviceprovided by the Franchise Fund to

each office, a detailed description of the services,a detailed explanation of how each charge for 

each service is calculated, and a de-scription of the role customers have in governing in the 

Franchise Fund.

SEC. 122. During fiscal year [2021] 2022— (1) none of the funds made available in this or 

any other Act may be used by the Department of the Treasury, including the Internal 

Revenue Service, to issue, revise, or finalize any regulation, revenue ruling, or other 

guidance not limited to a particular taxpayer relating to the standard which is used to 

determine whether an organization is operated exclusively for the promotion of social 

welfare for purposes of section 501(c)(4) of the Internal Revenue Code of 1986 (including 

the proposed regulations published at 78 Fed. Reg. 71535 (November 29, 2013)); and (2) 

the standard and definitions as in effect on January 1, 2010, which are used to make such 

determinations shall apply after the date of the enactment of this Act for purposes of 

determining status under section 501(c)(4) of such Code of organizations created on, 

before, or after such date.

SEC. 123. (a) Not later than 60 days after the end of each quarter, [the Office of Financial 

Stability and] the Office of Financial Research shall submit reports on their activities to the 

Committees on Appropriations of the House of Representatives and the Senate, the 

Committee on Financial Services of the House of Representatives and the Senate 

Committee on Banking, Housing, and Urban Affairs. (b) The reports required under 

subsection (a) shall include— (1) the obligations made during the previous quarter by 

object class, office, and activity; (2) the estimated obligations for the remainder of the 

fiscal year by object class, office, and activity; (3) the number of full-time equivalents 

within each office during the previous quarter; (4) the estimated number of full-time 

equivalents within each office for the remainder of the fiscal year; and (5) actions taken to 

achieve the goals, objectives, and performance measures of each office. (c) At the request 

of any such Committees specified in subsection (a), [the Office of Financial Stability and] 

the Office of Financial Research shall make officials available to testify on the contents of 

the reports required under subsection (a). 

[SEC. 124. In addition to the amounts otherwise made available to the Department of the 

Treasury, $25,000,000, to remain available until expended, shall be for expenses associated 

with digitization and distribution of the Department's records of matured savings bonds that 

have not been redeemed.]

SEC. 124. Of the amounts appropriated in section 4027(a) of the Coronavirus Aid,Relief, and

Economic Security Act (15 U.S.C. 9061) that are available for obligationas a result of the

deobligation of amounts that were, as of January 9, 2021, obligatedfor the credit subsidy cost of 

loans and loan guarantees that the Secretary of the Treasury had committed under paragraphs

(1) through (3) of section 4003(b) of theCoronavirus Aid, Relief, and Economic Security Act (15

U.S.C. 9042(b)(1)-(3)), $25,000,000 shall be available to the Special Inspector General for 

Pandemic Recovery to carry out section 4018 of the Coronavirus Aid, Relief, and Economic 

Security Act (15 U.S.C. 9053): Provided, That such amounts shall be in addition to any other 

amounts available for such purpose.

SEC. 125. Notwithstanding any other provision of law, the unobligated balancesfrom amounts 
Department of Treasury – Executive Summary - 28

made available to the Secretary of the Treasury for administrative expenses pursuant to sections 

4003(f) and 4112(b) of the Coronavirus Aid, Relief, and Economic Security Act (Public Law 

116–136); section 421(f)(2) of Division Nof the Consolidated Appropriations Act, 2021 (Public 

Law 116–260); sections 3201(a)(2)(B), 3206(d)(1)(A), and 7301(b)(5) of the American Rescue 

Plan Act of 2021 (Public Law 117–2); and section 602(a)(2) of the Social Security Act, as added

by section 9901 of the American Rescue Plan Act of 2021 (Public Law 117–2), shallbe available 

for any administrative expenses determined by the Secretary of the Treasury to be necessary to 

respond to the coronavirus, including but not limited to expenses necessary to implement any 

provision of the Coronavirus Aid, Relief, and Economic Security Act (Public Law 116–136), 

Division N of the ConsolidatedAppropriations Act, 2021 (Public Law 116–260), the American 

Rescue Plan Act (Public Law 117–2), or title VI of the Social Security Act: Provided, That such 

un-obligated balances shall be available in addition to any other appropriations provided for 

such purposes.

SEC. 126. Section 121 of the Emergency Economic Stabilization Act of 2008 (12U.S.C. 5231) is

amended in subsection (e)(1)(B)(ii) by striking "subparagraph" andall that follows through the 

period at the end and inserting "subparagraph, the Special Inspector General may not make any 

appointment that exceeds 24 monthsor that extends beyond the date on which the Special

Inspector General terminatesunder subsection (k).”