On March 28, 2025, President Donald Trump signed an executive order ending collective bargaining for federal unions in national security-related agencies, including the Treasury Department. This move curtails workers’ rights and has been widely criticized as an authoritarian attack on labor unions.

On March 26, 2025, the U.S. Department of the Treasury formally published an interim final rule via FinCEN that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information under the Corporate Transparency Act, narrowing the scope of the rule to foreign reporting companies. This move follows an earlier announcement suspending enforcement of the Act.

The Treasury Department, along with its Financial Crimes Enforcement Network, has issued new regulations that scale back companies' reporting obligations under the Corporate Transparency Act, effectively refusing to enforce the act in its current form. This move comes amid bipartisan Congressional inquiries and several lawsuits questioning the CTA's constitutionality.

On March 3, 2025, the U.S. Treasury Department announced that it would suspend enforcement of penalties under the Corporate Transparency Act for U.S. citizens and domestic reporting companies, proposing instead to restrict the rule to foreign reporting companies. The announcement was framed as a measure to support small businesses and American taxpayers, and was linked to the deregulatory agenda of the Trump administration.

Following President Trump’s executive order freezing foreign assistance, the Treasury Department became a focal point in disruptions to democratic funding. Notably, Elon Musk’s deployment of DOGE staff to the Treasury has been linked to restricting access to funds managed for democracy promotion, impacting institutions like the National Endowment for Democracy.

In response to a labor union lawsuit, the Trump administration mandated that access to Treasury Department payment systems by DOGE staff (notably, employee Tom Krause) be limited to read-only. The move, reported by NBC News on March 28, 2025, is seen as a measure to curb private interference in federal operations and to uphold worker and system integrity.

The U.S. Department of the Treasury’s Office of Foreign Assets Control designated 12 individuals connected to Iran’s repressive regime for their role in serious human rights violations. The coordinated move, in partnership with allies like Canada and Australia, aims to pressure authoritarian practices and promote accountability.

The Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions on nine individuals and 12 entities in Moldova, targeting oligarchs and corrupt officials tied to Kremlin influence campaigns and systemic corruption. This move is intended to counter Russian malign influence and support rule of law in the region.

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on the Xinjiang Production and Construction Corps (XPCC) and associated officials for serious human rights abuses against ethnic minorities in Xinjiang, reflecting a strong stance against authoritarian actions.