Treasury Updates International Banking Forms
Published Date: 6/30/2026
Notice
Summary
The Department of the Treasury is updating some important financial forms that banks and other money institutions use to report their international activities. They’re asking the public to share thoughts by July 30, 2026. These changes help keep cross-border money info accurate and timely, with no new costs expected for those involved.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Emergency Capital Investment Program (ECIP)
The Emergency Capital Investment Program (ECIP) supports low- and moderate-income community financial institutions so they can provide loans, grants, and forbearance to small businesses, minority-owned businesses, and consumers in low-income and underserved communities. Treasury ties interest and dividend rates on ECIP instruments to the increase in qualified lending compared to a baseline set from the annual period ending September 30, 2020, and is requesting continued approval of reporting forms (Initial Supplemental Report and Quarterly Supplemental Report).
Local Assistance and Tribal Consistency Fund Payments
The Local Assistance and Tribal Consistency Fund (LATCF) allocated $2 billion across fiscal years 2022 and 2023 for eligible revenue sharing counties and eligible Tribal governments. Treasury reserved $250 million for eligible Tribal governments and $750 million for eligible revenue sharing counties for each of fiscal years 2022 and 2023, and determined approximately $10.5 million for eligible revenue sharing consolidated governments (about $5.3 million reserved for each of fiscal years 2023 and 2024); recipients have broad discretion on uses of funds.
SIPPRA Grants and FY26 NOFO
The Social Impact Partnerships to Pay for Results Act (SIPPRA) makes $100 million available for social impact partnership projects and feasibility studies, and Treasury plans to release a third Notice of Funding Opportunity (NOFO) in fiscal year 2026. Applicants (state, local, and Tribal governments) must supply detailed application materials (including project narratives, evaluation plans, and civil rights assurances); Treasury estimates 35 respondents, an application may take about 300 hours, and total annual burden hours are estimated at 7,860.
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Key Dates
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