National Association of State Treasurers

National Association of State Treasurers. The organization was established in 1976 with the goal of promoting fiscal responsibility and economic development through the exchange of ideas and best practices among state treasurers. As a non-partisan, non-profit organization, it works closely with other groups such as the National Governors Association, National Conference of State Legislatures, and the Council of State Governments. The association's members include the state treasurers of all 50 United States, as well as those from Puerto Rico, Guam, and the United States Virgin Islands, including notable treasurers like Dennis Milligan of Arkansas and Raleigh Bailey of Missouri.

● History

The National Association of State Treasurers was founded by a group of visionary state treasurers, including Jesse Helms of North Carolina and Kay Bailey Hutchison of Texas, who recognized the need for a unified voice on issues related to state finance and economic policy. Over the years, the organization has played a key role in shaping federal policy on issues such as tax reform, budgeting, and pension reform, often working in conjunction with other organizations like the National Association of Counties and the United States Conference of Mayors. The association has also provided a platform for state treasurers to share their experiences and expertise with one another, facilitating the exchange of ideas and best practices between California's Fiona Ma and New York's Thomas DiNapoli, among others. Additionally, the organization has worked closely with Congressional committees such as the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs to advance the interests of state treasurers and their constituents.

● Organization

The National Association of State Treasurers is headquartered in Washington, D.C. and is governed by a board of directors composed of state treasurers from across the country, including Allison Ball of Kentucky and Curtis Loftis of South Carolina. The organization is divided into several committees, each focused on a specific area of interest such as investment management, cash management, and financial literacy, which often collaborate with other groups like the Securities and Exchange Commission and the Federal Reserve System. The association also has a number of affiliate members, including financial institutions like JPMorgan Chase and Bank of America, as well as consulting firms like Deloitte and Ernst & Young. Furthermore, the organization works closely with academic institutions such as Harvard University and Stanford University to advance research and understanding of state finance and economic policy.

● Membership

Membership in the National Association of State Treasurers is open to all state treasurers in the United States, as well as those from Puerto Rico, Guam, and the United States Virgin Islands. The organization's members include a diverse range of individuals, from Republican treasurers like Kevin Meyer of Alaska to Democratic treasurers like Shawn Wooden of Connecticut. The association also offers affiliate membership to other organizations and individuals with an interest in state finance and economic policy, including think tanks like the Brookings Institution and the Cato Institute. Members of the organization have access to a range of benefits, including professional development opportunities, research reports, and networking events, which often feature speakers like Federal Reserve Chairman Jerome Powell and U.S. Secretary of the Treasury Janet Yellen.

● Initiatives

The National Association of State Treasurers has launched a number of initiatives over the years, aimed at promoting financial literacy, improving investment management practices, and enhancing cybersecurity protections for state financial systems. The organization has also worked to advance pension reform and tax reform efforts at the state and federal levels, often in collaboration with other groups like the National Association of State Retirement Administrators and the Tax Foundation. Additionally, the association has provided disaster relief assistance to states affected by natural disasters like Hurricane Katrina and Hurricane Harvey, and has worked to promote economic development initiatives in rural areas and low-income communities. The organization has also partnered with private sector companies like Microsoft and Google to advance the use of technology in state finance and economic policy.

● Leadership

The National Association of State Treasurers is led by a team of experienced state treasurers, including President David Damschen of Utah and Vice President Marlo Oaks of Alabama. The organization's leadership team works closely with other state treasurers, as well as with federal officials like U.S. Secretary of the Treasury Janet Yellen and Federal Reserve Chairman Jerome Powell, to advance the interests of state treasurers and their constituents. The association's leadership has also played a key role in shaping national policy on issues related to state finance and economic policy, often working in conjunction with other organizations like the National Governors Association and the Council of State Governments. Furthermore, the organization's leadership has worked to promote diversity and inclusion within the association, and has launched initiatives to increase participation and engagement among state treasurers from underrepresented groups. Category:Financial organizations