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4/16/2021

Readout: Secretary Yellen and Gene Sperling’s Meeting with NGA Executive Committee | U.S. Department of the Trea…

Readout: Secretary Yellen and Gene Sperling’s Meeting with
NGA Executive Committee
April 15, 2021

Today, Secretary Janet L. Yellen met virtually with members of the National Governors
Association’s Executive Committee to discuss ongoing e orts by Treasury to help states and
localities recover from the COVID-19 pandemic. Secretary Yellen told governors present that
she understands the significant economic challenges many states are facing and noted the
importance of $350 billion in state, local and tribal assistance included in the American
Rescue Plan (ARP) and the 159 million economic impact payments that have been disbursed.
Secretary Yellen was joined in the meeting by Gene Sperling, White House American Rescue
Plan coordinator and a senior adviser to President Biden, and Jacob Leibenlu , the recently
announced Chief Recovery O icer for the Treasury Department. Both Secretary Yellen and Mr.
Sperling solicited input, thoughts, and advice from governors as Treasury determines the
most e icient and e ective way to get resources to states, and made clear that governors
will continue to be key partners as Treasury implements all recovery programs including the
State and Local Fiscal Recovery Fund, State Small Business Credit Initiative, and renter and
homeowner assistance.
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https://home.treasury.gov/news/press-releases/jy0130

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