NOW, THEREFORE BE IT RESOLVED, that the National Association of State Treasurers supports the “Cybersecurity Disclosure Act of 2017” (S.536) (or substantially similar bills in subsequent Congresses) that will help provide institutional investors access to information about corporate cybersecurity competencies and risks.
NOW, THEREFORE BE IT RESOLVED, The National Association of State Treasurers does not support the “Corporate Governance Reform and Transparency Act of 2017” (H.R.4015) in its current form (or substantially similar bills in subsequent Congresses) and recommends that public retirement funds oppose passage of H.R.4015, so as to maintain the integrity and efficacy of the relationship between institutional investors and proxy advisory firms.
NOW, THEREFORE BE IT RESOLVED, that the National Association of State Treasurers and its ABLE Committee encourage the United States Department of Housing of Urban Development to promulgate rules or release guidance to ensure funds in ABLE accounts are disregarded when determining eligibility for federal housing programs.
NOW, THEREFORE BE IT RESOLVED, that the National Association of State Treasurers urge the President and the Congress of the United States to pass the ABLE Age Adjustment Act, HR1874/S817, (or substantially similar bills in subsequent Congresses) and the other ABLE plan enhancements described above in a timely manner to enhance and expand opportunities for individuals with disabilities and their families to save for their future needs in ABLE programs.
NOW, THEREFORE, BE IT RESOLVED that the National Association of Unclaimed Property Administrators, an affiliated network of the National Association of State Treasurers, urges the ABA to approve RUUPA and strongly opposes the anti-consumer proposal of the ABA Subcommittee.
Now, Therefore, The National Association of State Treasurers officially endorses the 2018 National Personal Finance Challenge competition and encourages high school students from throughout the nation to prepare for and enter the competition.
NOW THEREFORE BE IT RESOLVED, that the National Association of State Treasurers and its affiliate, the College Savings Plans Network, urge the President and the Congress of the United States to revise the Higher Education Act to include language in the reauthorization of the Higher Education Act of 1965 to change the current federal financial aid methodology to:
1. Exempt up to $35,000 of the assets in all 529 accounts held by the parent(s) from counting as parental assets in determining a family’s expected contribution; and
2. Allow for the reporting of 529 plan assets held by grandparents or noncustodial parents as parental assets on the FAFSA and then not count those assets as income to the student in the following year when used towards eligible expenses.
NOW, THEREFORE BE IT RESOLVED, that the National Association of State Treasurers fully supports the following guiding principles for infrastructure investment.
1. NAST supports the retention and protection of the exemption of municipal bond interest from federal and state income taxation.
2. NAST opposes preemption of state and local finance authority and oversight of the debt issuance process through revision or repeal of the Tower Amendment or enactment of legislation to subject state and local government issuers to federal disclosure laws.
3. NAST supports the self-regulatory structure of the municipal market, and the commitment of all issuers of the municipal securities to provide annual financial, operating, and other information in a timely manner consistent with federal and state laws and Securities and Exchange Commission rules.
4. NAST supports federal investment of state infrastructure projects with a reliable and sustainable funding source for these projects.
5. NAST supports federal infrastructure financing programs such as Transportation Infrastructure Finance Innovation Act (TIFIA) that are intended to support specific infrastructure investments with lower cost or longer-term funding.
6. NAST supports bipartisan federal legislation (H.R. 2209) that amends the 2014 Liquidity Coverage Ratio Rule (LCR) to require municipal bonds that are liquid, readily marketable and investment grade to be treated as level 2A High Quality Liquid Assets (HQLA).
BE IT FURTHER RESOLVED, that the National Association of State Treasurers urges Congress and the Administration to adopt these principles as it crafts new and important infrastructure policies, regulations, legislation and laws.
NOW THEREFORE BE IT RESOLVED, that the National Association of State Treasurers hereby opposes legislative and regulatory measures to repeal the exemption of municipal bond interest from Federal and applicable state income taxation, to curtail the use and attractiveness of tax-exempt bonds, and to discourage investment in tax-exempt bonds and opposes any federal legislation that diminishes the value or impairs the use of tax-exempt bonds.
BE IT FURTHER RESOLVED, that the National Association of State Treasurers supports federal initiatives to enhance the ability of state and local governments to finance vital public projects through tax exempt financing.
NOW, THEREFORE BE IT RESOLVED, by the National Association of State Treasurers:
1. NAST does not support proposals to provide states with bankruptcy protection.
2. NAST encourages Congress and the Administration to work with our members to improve the fiscal stability of governments at all levels.
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