The top Treasury Department official met with 20 top bankers on Tuesday to discuss President Joe Biden's$ 2.3 billion infrastructure plan and ways to use public-private partnerships to expand economic inclusion, the agency said in a statement.
Wally Adeyemo told 20 bank chief executives who are members of the nonpartisan Bank Policy Institute Research Group that now is the moment to rethink and rebuild a new American economy that rewards wealth, not work, 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, especially with regard to mortgage finance as a way of building wealth, the statement said.
BPI represents the nation's leading banks, which collectively employ nearly 2 million Americans.
Biden said that the 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 regional racism and disparities a central part of its overall economic policy.
He also focused on the continuing review of the U.S. economic and financial sanctions policies from former president Donald Trump and said that it was trying to identify both successes and opportunities for change or improvements.
Adeyemo told academics and other experts on sanctions earlier this month that he viewed sanctions as a viable tool for policymakers and it was important to ensure they remained a potential and valuable option for years to come. What is the best way to talk about the modern days and its shortcomings?