WASHINGTON, April 20 (Reuters) - A top Treasury Department
official met on Tuesday with 20 top bankers to discuss President
Joe Biden's $2.3 trillion infrastructure plan and ways to use
public-private partnerships to expand economic inclusion, the
agency said in a statement.
U.S. Deputy Treasury Secretary Wally Adeyemo told 20 bank
chief executives who are members of the nonpartisan Bank Policy
Institute research group, that "now is the moment to reimagine
and rebuild a new American economy" that rewards work, not
wealth, and create a tax code that helps end "profit shifting
and tax games."
Adeyemo and the CEOs also discussed economic inclusion and
ways to improve access to credit for low- and moderate-income
communities, particularly with regard to mortgage finance as a
pathway to building wealth, the statement said.
BPI represents the nation's leading banks, which
collectively employ nearly 2 million Americans.
Adeyemo said Biden's infrastructure and jobs plan would
create millions of well-paying jobs, rebuild infrastructure, and
position the U.S. to outcompete China, Treasury said.
The Biden administration has made ending systemic racism and
disparities a central part of its overall economic policy.
He also focused on the Treasury Departments continuing
review of U.S. economic and financial sanctions policies adopted
by former President Donald Trump, and said it was look to
identify both "successes and opportunities for change or
Adeyemo told academics and other experts on sanctions
earlier this month that he viewed sanctions as a "potential and
valuable tool for policymakers" and it was important to ensure
they remained a viable option for years to come.
(Reporting by Andrea Shalal; editing by Jonathan Oatis and