U.S. Department of the Treasury - Page 7

Big Tech Lobbies FCC on Potential Spectrum Giveaway

Tech giants including Apple, Google, Microsoft, and Facebook are lobbying the FCC to allocate 1,200 MHz of spectrum on the 6 GHz band to Wi-Fi, meaning that they will be able to use it for free, without a license. An auction for spectrum usage could generate billions for the government.

Google train

U.S. Sanctions Iran’s Lucrative Metal Industries and Chinese Partner

The U.S. Treasury Department on Friday announced new sanctions against Iran targeting its billion-dollar metals industry, including the largest manufacturers of steel, aluminum, copper, and iron in the country. The new sanctions also named several senior regime officials involved with Tuesday’s missile attack on Iraqi bases.

In this May 31, 2012 file photo, an Iranian worker cuts a steel roll at the Mobarakeh Stee

U.S. Treasury Cracks Down on Chinese Fentanyl Traffickers

The U.S. Treasury Department on Wednesday announced a crackdown on the “Chinese drug kingpins fueling America’s deadly opioid crisis.” The individuals and organizations designated for Treasury action deal in powerful synthetic opioids like fentanyl and carfentanil, which are often mixed into other street drugs without the knowledge of customers, resulting in countless deaths by overdose.

The US opioid epidemic is accelerating, with hospital emergency room visits for overdoses