Under Secretary of the Treasury for Domestic Finance

The under secretary of the treasury for domestic finance is a high-ranking position within United States Department of the Treasury that reports to, advises, and assists the secretary of the treasury and the deputy secretary of the treasury.^[2] The under secretary leads the department's policy on the issues of domestic finance, fiscal policy, fiscal operations, government assets, government liabilities, and other related economic and fiscal matters.^[3]

Under Secretary of the Treasury for Domestic Finance
Flag of an under secretary of the treasury
Incumbent Luke Pettit (Acting) since July 29, 2025[1]
Department of the Treasury
Style	The Honorable
Reports to	Secretary of the Treasury Deputy Secretary of the Treasury
Nominator	President of the United States
Salary	$183,300 (2021)
Website	Official website

Under Secretary Mary J. Miller announced she was stepping down from the position on June 12, 2014, and the position was officially vacant until July 2021.^[4][5]

Matthew Rutherford served as acting under secretary until January 30, 2015.^[6] President Barack Obama nominated Antonio Weiss for the position on November 13, 2014.^[7] Weiss was never confirmed by the Senate, and withdrew his nomination on January 12, 2015.^[8] On April 22, 2021 President Joe Biden nominated economist Nellie Liang for Senate confirmation in the position.^[9] Liang was confirmed by the Senate on July 14, 2021.^[5]

Overview

The under secretary has oversight of the following:^[2]

• Assistant Secretary of the Treasury for Financial Institutions
  • Office of Financial Institutions
    • Office of Financial Institutions Policy
    • Office of Consumer Policy
    • Office of Housing, Small Business, and Community Development
      • Community Development Financial Institutions Fund
• Assistant Secretary of the Treasury for Financial Markets
  • Office of Financial Markets
    • Office of Federal Finance
    • Office of Government Financial Policy
    • Office of Capital Markets
• Assistant Secretary of the Treasury for Financial Stability
  • Office of Financial Stability
• Fiscal Assistant Secretary of the Treasury
  • Office of Fiscal Service
    • Office of Fiscal Operations and Policy
    • Office of Accounting Policy
    • Bureau of the Fiscal Service

List of under secretaries of the treasury for domestic finance (incomplete)

Name	Assumed office	Left office	President appointed by	Secretary served under
George D. Gould[10]	1985	1988	Ronald Reagan	James Baker
Robert R. Glauber[11]	1989	1992	George H. W. Bush	Nicholas F. Brady
Jerome Powell	April 7, 1992	January 20, 1993
Frank N. Newman[12]	November 5, 1993[13]	September 28, 1994	Bill Clinton	Lloyd Bentsen
John D. Hawke, Jr.[14]	April 1995	December 8, 1998		Robert Rubin
Gary Gensler[15]	April 1999	January 20, 2001		Lawrence Summers
Peter R. Fisher[16] ​	2001	2004	George W. Bush	Paul O'Neill
				John W. Snow
Brian C. Roseboro[17]	2004	2005
Randal Quarles[18]	August 8, 2005	October 13, 2006
				Henry Paulson
Robert K. Steel[19]	October 10, 2006	July 9, 2008
Anthony Ryan (Acting)[19]	July 9, 2008	2009
Michael Barr (Acting)[19]	May 2009	March 27, 2010	Barack Obama	Timothy Geithner
Jeffrey A. Goldstein[19]	March 27, 2010	August 2011
Mary J. Miller[19]	March 2012	September 2014
Matthew S. Rutherford (Acting)	September 2014	January 30, 2015		Jack Lew
Nellie Liang	July 22, 2021	January 20, 2025	Joe Biden	Janet Yellen
Brian Smith (Acting)	January 20, 2025	July 29, 2025	Donald Trump	Scott Bessent
Luke Pettit (Acting)	July 29, 2025	Present