Department of Treasury and Finance

NATSO, SIGMA URGE ENERGY DEPARTMENT TO ADOPT MARKET-ORIENTED, TECHNOLOGY NEUTRAL APPROACH TO TRANSPORTATION DECARBONIZATION

Retrieved on: 
Friday, November 3, 2023
Carbon, NATSO, Aviation, Environmental policy of the Joe Biden administration, Treasury, U.S. Department of Energy, Office of Inspector General, Biofuel, Ministry of Energy, IRA, California Air Resources Board, SIGMA, Energy Department (Punjab, Pakistan), Administration, Transport, Inflation Reduction Act of 2022, SAF, Department of Treasury and Finance, CO2, Parity, DOE, Use of Free and Open-Source Software (FOSS) in the U.S. Department of Defense, Inflation, Gasoline, Renewable energy, Diesel fuel

ALEXANDRIA, Va. , Nov. 3, 2023 /PRNewswire/ -- NATSO, representing travel centers and truck stops, and SIGMA: America's Leading Fuel Marketers, urged the U.S. Department of Energy (DOE) to adopt a market-oriented, technology-neutral approach to transportation decarbonization. Any policies to scale production of sustainable aviation fuel (SAF) should carefully consider the economy-wide ramifications of prioritizing nascent fuel technologies above longstanding lower carbon fuel options, such as biodiesel and renewable diesel.

Key Points: 
  • Fuel retailers and marketers appreciate that the Biden Administration is prioritizing alternative fueling strategies to reduce carbon emissions from transportation.
  • But the Administration's approach to increasing SAF production ignores harmful side effects to the existing refueling landscape.
  • "The Biden Administration should not surrender the market's ability to deliver dramatic near-term emissions savings by imposing a top-down, hurried transition to one technology," NATSO and SIGMA wrote in their comments to the Energy Department.
  • Preferential treatment for SAF for reducing transportation carbon emissions will unravel decades of existing carbon reductions in over-the-road transportation while increasing fuel prices for commercial fleets.

Commvault Earns IRAP Certification, Meeting the Highest Security and Integrity Protocols Set by the Australian Government Required

Retrieved on: 
Thursday, October 26, 2023
Parliament, FedRAMP, Critical infrastructure, Treasury, Pressure, ACSC, Information, IDC, Commvault, Certification, Australian Cyber Security Centre, Independent National Security Legislation Monitor, United Nations Administered Kosovo, Public sector, Partnership, Critical, Department of Treasury and Finance, National security, Government, Software as a service, Arms industry, IRAP

TINTON FALLS, N.J., Oct. 26, 2023 /PRNewswire/ -- Commvault, a leading provider of data protection and cyber resilience solutions for hybrid cloud organizations, today announced that its portfolio of SaaS-delivered data protection solutions has achieved Australia's Infosec Registered Assessor Program (IRAP) certification at PROTECTED level. Administered by the Australian Cyber Security Centre (ACSC), the IRAP framework ensures that technology providers meet the highest security and integrity protocols in line with the Australian government's information security standards.

Key Points: 
  • Administered by the Australian Cyber Security Centre (ACSC), the IRAP framework ensures that technology providers meet the highest security and integrity protocols in line with the Australian government's information security standards.
  • IRAP provides a common framework to certify a solution's security posture and resiliency from advanced threats.
  • By conducting an in-depth examination of software architecture, design, and security protocols, IRAP certification ensures Commvault's SaaS data protection solutions meet stringent ISM (Information Security Manual) security requirements, and that government agencies and contractors can confidently adopt Commvault solutions.
  • "While IRAP is an Australian-centric security framework, this certification underlines the country's global commitment to upholding best-in-class security standards, resonating with frameworks like FedRAMP.

Presidio Investors Welcomes Javier Saade as New Operating Partner

Retrieved on: 
Wednesday, September 6, 2023
Professional Services, Finance, Consulting, Asset Management, Banking, Accounting, Operating partner, Air America, Lead, White House, Presidio, Lightspeed Venture Partners, Advisory Committee, Abbott Laboratories, Policy, DocuSign, Booz Allen Hamilton, Innovation, Multimedia, McKinsey & Company, Audit committee, White, Adviser, Committee, Treasury, CNBC, Small, Partner, Trustee, Pan American Development Foundation, TelevisaUnivision, Harvard Business School, Bridgewater Associates, SBA, Department of Treasury and Finance, The Nature Conservancy, Investment company, Investment, NYSE

Presidio Investors, a leading middle market private equity firm that capitalizes technology, media, and financial services businesses, is pleased to announce that Javier Saade has joined the firm as Operating Partner.

Key Points: 
  • Presidio Investors, a leading middle market private equity firm that capitalizes technology, media, and financial services businesses, is pleased to announce that Javier Saade has joined the firm as Operating Partner.
  • He is a principled leader that has over three decades of broad experience as an investor, board member, founder, operating executive, and former policymaker.
  • View the full release here: https://www.businesswire.com/news/home/20230906464989/en/
    Karl Schade, Managing Partner, said, "We are thrilled to welcome Javier to our team as our newest operating partner.
  • He is also Managing Partner of Impact Master Holdings, Venture Partner at Fenway Summer, Contributor at CNBC, and Executive Fellow at Harvard Business School.

Word from The Hill: Danielle Wood to head Productivity Commission, Alan Joyce bows to public anger, PM jets off again

Retrieved on: 
Wednesday, September 6, 2023
G20, Department of Treasury and Finance, Productivity Commission, Grattan Institute, QANTAS, ASEAN, Politics, News, ASEAN Summit

As well as her interviews with politicians and experts, Politics with Michelle Grattan includes “Word from The Hill”, where she discusses the news with members of The Conversation’s politics team.

Key Points: 
  • As well as her interviews with politicians and experts, Politics with Michelle Grattan includes “Word from The Hill”, where she discusses the news with members of The Conversation’s politics team.
  • In this podcast Michelle and politics + society editor Amanda Dunn discuss the latest national accounts and Jim Chalmers’ announcement that Grattan Institute CEO Danielle Wood will take over as head of the Productivity Commission.
  • The appointment came as a surprise, after Chris Barrett, chosen for the position only recently, decided he had a better offer – he will become head of the Victorian Treasury.
  • They also canvass the QANTAS saga, which has seen its now former CEO Alan Joyce step down earlier than scheduled.

Bureau of Engraving and Printing Awards Electrosoft $37.8M Cybersecurity Support Contract

Retrieved on: 
Tuesday, July 18, 2023
Federal Information Security Management Act of 2002, Department of the Treasury, Policy, Structure of the Federal Reserve System, ISSO, Bureau of Engraving and Printing, BEP, Information technology, SOC, Critical infrastructure, Printing, Treasury, Department of Treasury and Finance, Management, Environment, Federal Reserve, Medical device

RESTON, Va., July 18, 2023 /PRNewswire/ -- Electrosoft Services, Inc., a rapidly growing cybersecurity and IT solutions firm, announced today that the Department of Treasury, Bureau of Engraving and Printing, Office of Critical Infrastructure and Information Technology Security (OCIITS) has awarded the company a contract valued up to $37.8 million to provide cybersecurity support to OCIITS. The five-year prime contract includes a one-year base period of performance plus four option years.

Key Points: 
  • RESTON, Va., July 18, 2023 /PRNewswire/ -- Electrosoft Services, Inc. , a rapidly growing cybersecurity and IT solutions firm, announced today that the Department of Treasury, Bureau of Engraving and Printing, Office of Critical Infrastructure and Information Technology Security (OCIITS) has awarded the company a contract valued up to $37.8 million to provide cybersecurity support to OCIITS.
  • "We are honored to support the BEP OCIITS mission and assist with strengthening the agency's cybersecurity posture."
  • Under this contract, Electrosoft will provide BEP's OCIITS with security program management support and analytical and technical cybersecurity support to protect BEP assets.
  • Support areas include security assessment and authorization, audit and compliance, information system security officer (ISSO) support and cyber engineering.

MITRE Names Kevin Toner Vice President, Center for Government Effectiveness and Modernization

Retrieved on: 
Thursday, June 29, 2023
Other Defense, Contracts, Professional Services, Data Management, Technology, Defense, Public Policy, Security, Homeland Security, Other Technology, Consulting, Government, Maryland Department of Commerce, Office of the National Coordinator for Health Information Technology, Public sector, University, Big data, Average revenue per user, Customs, Internal Revenue Service, CGEM, MBA, Research, Economics, Cloud computing, Treasury, Illinois Department of Veterans' Affairs, CEM, Rider University, Department of Treasury and Finance, United States Secretary of Homeland Security, United States Department of the Air Force, Social, Social Security Administration, MITRE, Commerce, Management

MITRE promoted Kevin Toner to vice president, Center for Government Effectiveness and Modernization (CGEM).

Key Points: 
  • MITRE promoted Kevin Toner to vice president, Center for Government Effectiveness and Modernization (CGEM).
  • Toner will lead MITRE’s support of the nation’s civil agencies through the Center for Enterprise Modernization (CEM) , the federally funded research and development center sponsored by the Department of Treasury, the Internal Revenue Service, the Department of Veterans Affairs, Social Security Administration, and the Department of Commerce.
  • He will direct the existing work programs and support emerging technologies in big data analytics, cloud computing, cybersecurity, human-machine interfaces, and autonomy.
  • “Kevin Toner has dedicated his career to developing creative solutions to the challenges facing government agencies serving our nation,” said Beth Meinert , senior vice president and general manager of MITRE Public Sector.

There's more than reputation at stake: PwC faces penalties, including possible jail time

Retrieved on: 
Monday, June 5, 2023
Department, National, Board, Senate, Collins, Marketing, PwC, Culture, Criminal code, Policy, Ernst & Young, Australian Federal Police, Consultant, Deloitte, Light, Confidentiality, Government, Treasury, Name, Time, Department of Treasury and Finance, Hockey, Federal Central Tax Office, 2008 Australian federal budget, Commonwealth, KPMG, National Anti-Corruption Commission (Australia), Legislation, Property management, Tax advisor, Accounting, Mail

At most, there’s possible jail time for the PwC partners who the company says shared the confidential information.

Key Points: 
  • At most, there’s possible jail time for the PwC partners who the company says shared the confidential information.
  • Read more: Consultants like PwC are loyal to profit, not the public.
  • The Treasury engaged consultants under contract to help draft the laws that would plug loopholes, each signing a confidentiality agreement.
  • Whatever the penalties turn out to be, it is becoming clear that cutting corners and breaching confidentiality can have huge consequences.

Energy storage firms face up to growing pains in booming US battery market

Retrieved on: 
Thursday, May 18, 2023
Heart, Human, Optimism, Policy, End Use Energy Demand Centres, IRA, Federal Energy Regulatory Commission, Treasury, Administration, Gold, Chemical oxygen demand, Inflation Reduction Act of 2022, Department of Treasury and Finance, Growth, ITC, Collaboration, Troutman Pepper, Financial adviser, Public utility, Renewable energy

NEW YORK, May 18, 2023 /PRNewswire/ -- Global energy storage firms pivoting towards the US battery market on the back of the transformational Inflation Reduction Act (IRA) are facing up to scaling constraints on battery supply and access to skills, while hopeful that external intervention will ease interconnection queues and policy uncertainty.

Key Points: 
  • In its industry insight report, Taking Charge: Inside the US Battery Boom , released today, US law firm Troutman Pepper finds that while firms are accelerating their US battery storage plans in the wake of the IRA, they are nonetheless alive to the market 'growing pains' that lie ahead.
  • The report reflects upon the views of a range of market actors involved in funding, developing, advising, and operating US battery storage assets.
  • The fact these market growing pains are compounding tells its own story regarding the positive global industry reaction to the IRA.
  • Troutman Pepper's report argues that the introduction of an investment tax credit (ITC) for standalone battery storage projects is the single biggest catalyst behind this growth.

Fuel Retailers Respond to Administration's Proposal On Lowering Carbon Emissions and Private Sector Investment in EV Charging

Retrieved on: 
Tuesday, April 18, 2023
NATSO, Private sector, EV, SAF, Government Affairs Institute, Aviation, Electricity, Research, Environmental policy of the Joe Biden administration, Carbon, Government, EVS, Organization, Administration, Treasury, EPA, Parity, SIGMA, Investment, Department of Treasury and Finance, Climate, Renewable energy

"Fuel retailers are actively investing in many technologies that reduce carbon emissions from transportation fuels.

Key Points: 
  • "Fuel retailers are actively investing in many technologies that reduce carbon emissions from transportation fuels.
  • The fastest, most efficient way to lower carbon emissions is through market-oriented, consumer-focused policies that encourage all fueling technologies to improve their respective emissions.
  • Allowing fuel retailers to capture the value derived from e-RINs would allow private fuel retailers to overcome financial challenges associated with installing charging stations and procuring and selling power to EV drivers.
  • Unless charging station operators can make money selling electricity to EV drivers, EV drivers will continue to have challenges finding attractive places to refuel.

NCLA Amicus Contests Tax Cut Ban that Unlawfully Strips States of Core Taxing Powers

Retrieved on: 
Tuesday, November 1, 2022
The Final Rule, American Rescue Plan Act of 2021, Treasury, Congress, Policy, Legislation, Tenth Amendment to the United States Constitution, List, United States Court of Appeals for the Fifth Circuit, GLOBE, District of Columbia Voting Rights Amendment, Department of Treasury and Finance, Risk, NCLA, Department, COVID-19, The Administrative State, Office of Inspector General, U.S. Department of Health and Human Services, Constitution, State, Movement, ARPA, Health insurance, Public relations

This attempt by Congress to usurp state legislative powers violates bedrock provisions of the U.S. Constitution that define and constrain federal lawmaking.

Key Points: 
  • This attempt by Congress to usurp state legislative powers violates bedrock provisions of the U.S. Constitution that define and constrain federal lawmaking.
  • The New Civil Liberties Alliance, a nonpartisan, nonprofit civil rights group, filed an amicus curiae brief today in State of Texas, et al.
  • ARPA authorizes distributing roughly $195 billion directly to States to provide financial assistance to address the economic disruptions caused by the Covid-19 pandemic.
  • When Congress purports to tell States by law or regulation what their tax policies mustor cannotbe, it violates state sovereignty.