Biden appoints first Native American as U.S. treasurer, with signature on money

ROSEBUD, South Dakota — President Joe Biden on Tuesday announced plans to nominate life-long Chief of the Mohegan Indian Tribe Marilynn Malerba as U.S. Treasurer, marking the first time a Native American’s signature will appear on U.S. currency. .

Treasury Secretary Janet Yellen, who is visiting the Rosebud Sioux Tribe in South Dakota on Tuesday, also announced the creation of a new Treasury Office of Tribal and Native Affairs, which will report to the treasurer and administer tribal relations.

Biden’s nomination of Malerba will also allow Yellen’s signature to be added to US currency, as that was prohibited without a US treasurer in place. Dollar notes have been printed since Yellen took office last year with the signature of former Treasury Secretary Steven Mnuchin.

The appointment helps narrow a long list of unfilled and unconfirmed leadership positions at the Treasury.

The treasurer position has been vacant since January 2020, when Jovita Carranza left to become a small business administrator in the Trump administration. The Treasurer directly oversees the US Mint, the Bureau of Printing and Engraving, the storage of approximately $270 billion in gold at Fort Knox, and is a key liaison with the Federal Reserve.

Malerba’s appointment to the post no longer needs to be confirmed by the Senate.

“With this announcement, we are engaging even deeper in Indian Country,” Yellen said in remarks prepared to deliver on the Rosebud Sioux Reservation. “Chief Malerba will expand our unique relationship with tribal nations, continuing our joint efforts to support the development of tribal economies and economic opportunity for tribal citizens.”

Malerba, who has had a long career as a registered nurse, has been chief of the Connecticut-based Mohegan Tribe since 2010 and previously chaired its tribal council and served as its executive director of health and human services, according to the website. Mohegan.

Treasury said Malerba will join Yellen at the Rosebud Sioux Reservation on Tuesday, where Yellen will discuss the impact of some $30 billion in federal COVID-19 assistance to tribal governments.

Yellen’s visit to the Rosebud Sioux Reservation marks the first time a Treasury Secretary has visited a tribal nation – department officials said they found no record of a previous visit.

Yellen will visit programs on the reserve that use nearly $200 million in U.S. bailout funds from last year, including $40 million from affordable housing projects.

The Treasury also announced on Tuesday that it had approved the tribe’s plan to use more than $160,000 to upgrade its broadband internet infrastructure as part of a $10 billion broadband fund for governments. state, local and tribal.

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Post expires at 2:01pm on Sunday July 3rd, 2022