President Joseph R. Biden banned all U.S. imports of Russian oil, gas and energy and encouraged U.S. energy companies to continue to invest in U.S. oil production and reduce reliance on Russian energy imports.
President Joseph R. Biden nominated Michael S. Barr to serve as a member of the Federal Reserve Board and to serve as the next Vice Chair for Supervision.
President Joseph R. Biden issued a proclamation prohibiting Russian-affiliated vessels from entering into U.S. ports, except under limited circumstances.
Sarah Bloom Raskin withdrew her candidacy to serve as Vice Chair for Supervision of the Federal Reserve Board. The Senate advanced the four remaining nominees.
President Joseph R. Biden signed an "Executive Order on Ensuring Responsible Development of Digital Assets," which outlined a "first ever, whole-of-government approach" to address the risks and potential benefits of digital assets.