Remarks by Deputy Secretary of the Treasury Wally Adeyemo at Meeting of the Treasury Tribal Advisory Committee

As Prepared for DeliveryGood afternoon, Committee members, Tribal leaders, and attendees.It’s a privilege to meet again with the Treasury Tribal Advisory Committee. We appreciate your collective expertise and commitment to government-to-government engagement. Today, I want to briefly highlight the work we’re doing.Last year, TTAC provided Treasury with a report on challenges Tribal governments experience regarding maintenance of pensions. The Committee requested that Treasury engage in consultation with the report, which we held in March. In response to the Committee’s request at the January public meeting, we are also holding a consultation this Friday on a Notice of Proposed Rulemaking for Long-Term, Part-Time Employee Rules for Cash and Deferred Arrangements Under Section 401(k).Beyond these important pension issues, we know the Committee has raised multiple important tax issues. First, I know Tribes are awaiting the promulgation of Tribal tax guidance from the implementation of the Tribal General Welfare Exclusion Act.