|Assistant Secretary of the Treasury|
Assumed office |
October 10, 2017
|Preceded by||Marisa Lago|
Heath Price Tarbert|
July 15, 1976
Mount St. Mary's University (BS)|
University of Pennsylvania Law School (JD, SJD)
University of Oxford (MSt, DPhil)
Early life and education
Tarbert was born and raised in Baltimore, Maryland, where he attended Calvert Hall College High School, a private, all-boys, Catholic preparatory school. While in high school, he became an Eagle Scout.
In 1998 he graduated with a Bachelor of Science in accounting and international business in 1998 from Mount St. Mary's University. He then attended University of Pennsylvania Law School, receiving a Juris Doctor in 2001 and a Doctor of Juridical Science in 2002. Tarbert later obtained a Master of Studies and a Doctor of Philosophy in comparative law from Oxford University in 2005, where he was a Thouron Scholar.
Tarbert began his legal career at the law firm of Sullivan & Cromwell, working there from 2003 to 2005. He then served as a law clerk for Chief Judge Douglas H. Ginsburg of the U.S. Court of Appeals for the D.C. Circuit from 2005 to 2006. He subsequently worked as an attorney-adviser in the Office of Legal Counsel in the U.S. Department of Justice from 2006 to 2007.
From 2007 to 2008, Tarbert was a law clerk for Justice Clarence Thomas of the Supreme Court of the United States. From 2008 to 2009, he served as Associate Counsel to the President of the United States, providing legal advice to the National Economic Council and the Council of Economic Advisers. In that role, he advised senior White House and Cabinet officials on issues related to the U.S. Government's response to the financial crisis.
From 2009 to 2010, Tarbert served as Special Counsel to the United States Senate Committee on Banking, Housing, and Urban Affairs. During his tenure, he participated in negotiations that eventually led to passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act.
From 2010 to 2013, Tarbert was a senior counsel, and subsequently partner, at the law firm of Weil Gotshal & Manges, where he led the Financial Regulatory Reform Working Group. In 2014, Tarbert joined Allen & Overy as partner and head of the law firm's U.S. bank regulatory group.
Other professional roles
Tarbert has served as the Chairman of the American Bar Association Subcommittee on Systemically Important Financial Institutions, Legal Adviser to the Systemic Risk Council, Senior Fellow at the Harvard Law School Program on International Financial Systems, Deputy Director of the Committee on Capital Markets Regulation, and a member of the Bretton Woods Committee. Tarbert is an elected member of the American Law Institute and a Life Member of the National Eagle Scout Association.
Tarbert is a Certified Public Accountant, Chartered Financial Analyst, and a Certified Anti-Money Laundering Specialist. He is both a U.S. attorney-at-law and a UK-qualified lawyer (solicitor).
Assistant Secretary of the Treasury
Tarbert was sworn in as Assistant Secretary of the Treasury for International Markets and Investment Policy on October 10, 2017.
As Assistant Secretary, Tarbert oversees a diverse portfolio of issues in Treasury’s Office of International Affairs. He focuses on investment security, supporting the work of the Committee on Foreign Investment in the United States (CFIUS) to promote U.S. investments while protecting national security. He also manages U.S. relations with multilateral development banks and international organizations (e.g., World Bank, Paris Club) established to foster economic growth, eliminate extreme poverty, and promote sustainable levels of sovereign debt. Tarbert advances U.S. interests in multilateral fora (e.g., Financial Stability Board, G-20, IMF, OECD) on financial stability and regulatory issues while promoting growth and negotiating trade agreements that level the playing field for U.S. firms. His policy focus also includes monitoring investments in energy, infrastructure, and the environment. In addition to serving as Assistant Secretary, Tarbert served as acting U.S. Executive Director of the World Bank Group from 2017 to 2018.
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