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financial system and promote economic recovery, following the 2008 financial crisis. The mandate of OFS is to implement the Troubled Asset Relief Program (TARP) to help stabilize the U.S. Department of the Treasury in October of 2008 following the passage of the Emergency Economic Stabilization Act of 2008 (EESA). The OFR is an Office within Treasury established by Congress to serve the Financial Stability Oversight Council, its member agencies, and the public by improving the quality, transparency, and accessibility of financial data and information by conducting and sponsoring research related to financial stability and by promoting best practices in risk management. Management is responsible for the internal management and policy of the Department in the areas of budget, planning, human resources, information and technology management, financial management and accounting, procurement, privacy, records, and administrative services to Departmental (Headquarters) Offices. The Office serves as the principal contact and coordinator for all Department interaction with the Congress and the Congressional Relations offices in the White House and other Departments and agencies. Legislative Affairs advises the Secretary on congressional relations matters in order to assist in the formulation of policy and determining the overall direction of the Department. growth, preventing and mitigating global financial instability, and managing key global challenges. economic prosperity by strengthening the external environment for U.S. International Affairs protects and supports U.S. The General Counsel also is the head of the Treasury Legal Division, a separate bureau within the Department that includes all legal counsels of the Treasury Department and their staff. General Counsel provides legal and policy advice to the Secretary and other senior Departmental officials. The office is responsible for the review and analysis of both domestic and international economic issues and developments in the financial markets. It develops policies and guidance for Treasury Department activities in the areas of financial institutions, federal debt finance, financial regulation, and capital markets.Įconomic Policy reports on current and prospective economic developments and assists in the determination of appropriate economic policies. Domestic Finance advises and assists in areas of domestic finance, banking, and other related economic matters.