U.S. Secretary Of The Treasury Janet Yellen's OFAC Will Be Guided By The White House And State Department

Mrs. Janet L. Yellen, whom President-elect Joseph Biden will nominate as the 78th United States Secretary of the Treasury, will defer decisions to political appointees within the United States Department of the Treasury, United States Department of State, and The White House regarding the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury.   

During her previous positions within the United States Federal Reserve, Secretary Yellen is accustomed to supporting career employees- and they are the managers of the issues within the jurisdiction of the OFAC.  Secretary Yellen, as an academic, will focus upon the macro issues and micro issues impacting the United States economy; and closely work with the United States Federal Reserve and United States Congress.  Enforcement operations of the OFAC will not be prioritized as during the Trump Administration.

Unknown if Bethesda, Maryland-based Marriott International, Denver, Colorado-based Western Union Company, Miami, Florida-based Carnival Corporation, Fort Worth, Texas-based American Airlines, and Conway, Arkansas-based Home BancShares among United States-based companies, particularly travel-related, whose operations within the Republic of Cuba were disrupted by decisions of the Trump Administration will seek early in 2021 changes to OFAC regulations and revisions to existing OFAC licenses or cancelled OFAC licenses so they may again operate as permitted prior to 20 January 2017 within the Republic of Cuba. Unknown too is whether any of the impacted companies want to return to the Republic of Cuba based upon their previous operational experiences within the Republic of Cuba. 

For the Republic of Cuba and Venezuela, the result will be continuing investigations of violations of United States statutes and regulations- even those impacting companies and individuals within the jurisdictions of the twenty-seven member European Union (EU), Canada, Japan, South Korea, and other commercial, economic and political allies of the United States.  The scale of OFAC career-employee-led investigations remained consistent during the Obama Administration and Trump Administration. 

Thus far, the foreign policy senior-level staffing decisions by President-elect Biden have been careerists, devoid of elected politicians, current or retired.  This absence will insulate more effectively appointees and potentially permit an increased level of proactivity because there will be fewer traditional Capitol Hill-focused pressure points which may be used to lessen or reverse decisions.  Members of the United States Congress may find their pathways to influence the OFAC encountering a more structured decision-making sieve.

From Wikipedia:
15th Chair of the Federal Reserve
In office
February 3, 2014 – February 3, 2018
President Barack Obama
Donald Trump
Deputy Stanley Fischer
Preceded by Ben Bernanke
Succeeded by Jerome Powell
Vice Chair of the Federal Reserve
In office
October 4, 2010 – February 3, 2014
President Barack Obama
Preceded by Donald Kohn
Succeeded by Stanley Fischer
Member of the Federal Reserve Board of Governors
In office
October 4, 2010 – February 3, 2018
President Barack Obama
Donald Trump
Preceded by Mark W. Olson
Succeeded by Vacant
In office
August 12, 1994 – February 17, 1997
President Bill Clinton
Preceded by Wayne Angell
Succeeded by Edward Gramlich
President of the Federal Reserve Bank of San Francisco
In office
June 14, 2004 – October 4, 2010
Preceded by Robert Parry
Succeeded by John Williams
18th Chair of the Council of Economic Advisers
In office
February 18, 1997 – August 3, 1999
President Bill Clinton
Preceded by Joseph Stiglitz
Succeeded by Martin Baily
Personal details
Born Janet Louise Yellen
August 13, 1946 (age 74)
Brooklyn, New York City, U.S.
Jewish
Political party Democratic
Spouse(s) George Akerlof
Children 1
Education Brown University (AB) and Yale University (MA, PhD