After extensive stakeholder engagement and review, Treasury has concluded that the covered agreement with the E.U. is a win for the United States, the insurance industry and U.S. policyholders.
Mnuchin describes the covered agreement as beneficial for the U.S.
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Let me be clear: That is a false choice. Americans should not have to, and did not have to, choose between quickly getting aid during a crisis and preventing the theft or waste of billions of tax dollars.