Pandemic Darlings The pandemic economy, in original documents
Home Profiles Andy P. Baukol

Profiles · Officials · Treasury

ProfilePerson

Andy P. Baukol

Official · Treasury

PPP
Type
Person
Role
Official · Treasury
Programs
PPP
Updated
  • Pandemic-program role: Career Treasury official who, performing the delegable duties of the Deputy Secretary, co-signed the Feb 5, 2021 SBA–Treasury PPP loan-forgiveness Interim Final Rule (86 FR 8283); also briefly Acting Secretary of the Treasury during the Jan 2021 transition gap.
  • Institution · office: Treasury · International Affairs (International Monetary Policy) · Type: career
  • Tenure (relief-relevant): Acting Secretary Jan 20–26, 2021; PPP IFR signature Feb 5, 2021; Acting Under Secretary for International Affairs 2021–2022.

The job (role mechanics)

  • Level / appointment: Career SES. His relief-relevant titles were Principal Deputy Assistant Secretary for International Monetary Policy (career) and, at intervals, Acting Under Secretary for International Affairs (career official performing the duties of a PAS/Executive Schedule position).
  • Reports to: Under Secretary for International Affairs / Deputy Secretary / Secretary of the Treasury (depending on the hat worn).
  • Core responsibility: International monetary and financial policy — G7/G20 finance deputy work, the Exchange Stabilization Fund, IMF and multilateral-development-bank matters.
  • Pay: Career SES; not an Executive Schedule appointee.
  • Expectations / mandate: Continuity of Treasury's international-affairs function across administrations; representing the U.S. at the G7/G20; managing the ESF.
  • Tenure norm: Career civil servant. He served under the first Trump, Biden, and second Trump administrations.

Who they are

Andrew P. Baukol is a career U.S. financial-policy official whose ~34-year government career spanned the CIA and the Treasury Department. He served as Acting Secretary of the Treasury for the first week of the Biden administration (the gap between Steven Mnuchin's departure and Janet Yellen's swearing-in), and his signature appears on the Feb 2021 PPP loan-forgiveness rule.

Education

  • B.S., Walsh School of Foreign Service, Georgetown University.
  • M.A., Economics, University of Minnesota.

Career before

  • Central Intelligence Agency, economic analyst, 1989–1996 (≈8 years).
  • International Monetary Fund, senior advisor, 2001–2004.
  • U.S. Department of the Treasury (≈27 years): rose through the international-affairs ranks; Principal Deputy Assistant Secretary for International Monetary Policy; performed the duties of Under Secretary for International Affairs in 2017 and again 2021–2022 (U.S. G7/G20 finance deputy); helped manage the Exchange Stabilization Fund.

Role in the pandemic relief programs

  • Acting Secretary of the Treasury, Jan 20–26, 2021. Baukol was named among the interim agency leaders during the Biden transition and held the Acting Secretary title until Yellen was sworn in on Jan 26, 2021 (NPR interim-leaders list).
  • The PPP signature (Feb 5, 2021). He co-signed, for Treasury, the joint SBA–Treasury Interim Final Rule on PPP loan forgiveness and the loan-review process: "Business Loan Program Temporary Changes; Paycheck Protection Program — Loan Forgiveness Requirements and Loan Review Procedures," 86 FR 8283 (FR Doc 2021-02314). His signature was made "performing the delegable duties of the Deputy Secretary," not in his international-affairs capacity. The SBA co-signer was Tami Perriello, Acting Administrator.

Documents written or signed

  • 86 FR 8283 (Feb 5, 2021), FR Doc 2021-02314 — PPP loan-forgiveness / loan-review Interim Final Rule. Treasury signature block (verbatim, from the govinfo PDF, which preserves the block omitted by the FR/Treasury web versions): "Andy P. Baukol, Principal Deputy Assistant Secretary for International Monetary Policy (performing the delegable duties of the Deputy Secretary), Department of the Treasury."

Career after / where they are now

  • Ended his Treasury career as Counselor to the Secretary, focused on international issues.
  • As of 2025–2026 he is a Senior Advisor at Patomak Global Partners, the strategy and risk advisory firm, working on emerging technology, economic security, and financial policy.

Sources held in this archive

Original source documents and archived captures

Sources (first-party)

Back to top