AGA’s 2015 Professional Development Training

Richard Gregg,
Managing Director, H.J. Steininger PLLC
Former Fiscal Assistant Secretary, U.S. Department of the Treasury


Mr. Gregg held numerous executive positions during his 41 years at the Department of Treasury until his retirement a year ago. In 2010 he was appointed Fiscal Assistant Secretary by Secretary of the Treasury Timothy Geithner. He had returned to Treasury in 2009, after retiring the first time from Treasury in 2006. As the Fiscal Assistant Secretary, Mr. Gregg was responsible for developing policy and overseeing the financial infrastructure of the federal government, including payments, collections, electronic commerce, government-wide accounting, collecting delinquent debt, government borrowing operations, shared services and managing the government’s daily cash position. During his tenure as Fiscal Assistant Secretary, Mr. Gregg led the Fiscal Service in implementing numerous important policy and operational improvements. The “all electronic Treasury” initiative moved millions of Social Security recipients from paper checks to electronic payments; several million companies were enabled to make tax payments electronically rather than use coupons and paper checks; and the use of paper savings bonds was discontinued, finalizing Treasury’s transition of issuing all securities in electronic form. In 2010, Mr. Gregg was instrumental in consolidating the Information Technology organizations of the Bureau of the Public Debt (BPD) and the Financial Management Service (FMS). Those two Treasury bureaus reported to Mr. Gregg as the Fiscal Assistant Secretary. Following that success, Mr. Gregg was a driving force in merging BPD and FMS into the Bureau of the Fiscal Service in 2012. Prior to his initial retirement in 2006, Mr. Gregg was the Commissioner of FMS for nine years and before that served as ommissioner of BPD for 10 years. During his career at Treasury, Mr. Gregg received numerous Presidential Rank Awards; the George Mitchell Payment System Excellence Award twice; and the two highest Treasury awards, the Treasury Medal and the Alexander Hamilton award.

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