March 16, 2017: David Malpass was nominated as the Under Secretary for International Affairs at the U.S. Department of the Treasury by President Trump on Tuesday, March 14, 2017. Malpass was previously the Deputy Assistant Secretary for Developing Nations at the Treasury Department during the Reagan administration, and he was the Deputy Assistant Secretary at the U.S. Department of State during the administration of former President George H. W. Bush. Malpass also worked as a Senior Tax Analyst for the U.S. Senate Budget Committee. Malpass is the founder of Encima Global, an economic research company. Malpass received an MBA from the University of Denver.