Notes

The Department of Treasury's role in US foreign economic policy encompasses a range of responsibilities, including tax collection, management of loans, regulation of markets, supervision of national banks, and advising on both domestic and international financial matters. Additionally, it plays a crucial role in coordinating actions with other countries and entities, enforcing sanctions, and monitoring the flow of funds to prevent illicit activities. Treasury's influence extends beyond traditional economic realms, as evidenced by its involvement in combating non-state actors like ISIS and Al Qaeda through financial means, as well as its engagement in diplomatic efforts such as the Magnitsky Act, which targets individuals implicated in human rights abuses. In recent times, Treasury's actions have become increasingly significant in shaping US foreign policy, particularly in response to geopolitical conflicts and national security concerns.