New Treasury Executives Will 'Put America On Path To Prosperity'

President Barack Obama announced his intent to nominate the following individuals to key posts at the Department of the Treasury Herbert M. Allison, Jr., Assistant Secretary for Financial Stability, who will also have the title Counselor to the Secretary and

By None

President Barack Obama announced his intent to nominate the following individuals to key posts at the Department of the Treasury: Herbert M. Allison, Jr., Assistant Secretary for Financial Stability, who will also have the title Counselor to the Secretary and be an advisor on policy matters; and William J. Wilkins, Chief Counsel for the Internal Revenue Service and an Assistant General Counsel in the Department of the Treasury.

Herbert M. Allison, Jr. was appointed as President and Chief Executive Officer of Fannie Mae in September 2008 by Director James Lockhart of Federal Housing Finance Agency, as conservator of Fannie Mae. Prior to being appointed to Fannie Mae, he was Chairman, President and Chief Executive Officer of TIAA-CREF from 2002 until his retirement in 2008.

William J. Wilkins, Nominee for Chief Counsel for the Internal Revenue Service and an Assistant General Counsel in the Department of the Treasury William J. Wilkins of Washington, DC has been a partner in the Tax Practice Group of Wilmer Cutler Pickering Hale and Dorr LLP (also known as WilmerHale) since 1988.

He has a broad tax practice that includes counseling nonprofit organizations, business entities, and investment funds on tax compliance, business transactions, and government investigations. Prior to joining WilmerHale, Wilkins was Staff Director and Chief Counsel of the United States Senate Committee on Finance.

Prior to joining the Finance Committee staff, Wilkins was an associate with King & Spalding in Atlanta, GA. Wilkins is Chair of the Section of Taxation of the American Bar Association, the nation’s largest association of tax lawyers.

“I am confident in the abilities of these two fine public servants as we work to turn our economy around and give American families the relief they need during these difficult times,” says President Obama.

“Under the leadership of Secretary Geithner, they will work to serve the American people and bring their unique areas of expertise to the job as we work to put America on the path to prosperity.”

L.D.

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