The leading voice for excellence in public finance

Advocacy

Policies & Resolutions

We serve as the nation's leading advocate for responsible treasury programs and financial policies

As part of its mission to be the nation’s leading advocate for responsible state treasury programs and related financial practices and policies, NAST furthers its federal relations and advocacy work through its headquarters in Washington, DC. The organization’s policy is guided by resolutions adopted by the membership.
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Policies and Advocacy Toolkits Element

NAST provides information and resources to make a difference on critical consumer policies and key legislation.  For a list of current policies, advocacy toolkits, and related resources, view the following policy advocacy areas:

Resolutions

View current and recent policy resolutions below, by category.

Achieving a Better Life Experience (ABLE)

Supporting Enhancements to the Stephen Beck Jr., Achieving a Better Life Experience (ABLE) Act (I.R.C. §529A)
A Resolution Describing Proposed Legislative and Regulatory Enhancements to ABLE Plans
February 5, 2018

Banking and Cash Management

Supporting efforts to improve Cybersecurity
Supporting efforts, which may include cross-functional and multi-agency partnerships, at all levels of government and across the public and private sectors, to effectively mitigate the risks of cybersecurity threats, vulnerabilities, and the resulting impact on systems serving the public.
Approved in 2019.
State Bankruptcy
NAST does not support proposals to provide states with bankruptcy protection.
September 18, 2017
Cannabis Banking Resolution
Advancing Legislation allowing the States with state legalized medical and recreational cannabis the ability to bring these activities into the Safety and Scrutiny of the National Banking System
May 17, 2019

College Savings/529

NAST & CSPN SUPPORT A SOLUTION TO MINIMIZE STUDENT DEBT FOR THE NEXT GENERATION
National Association of State Treasurers and its affiliate, the College Savings Plans Network, supports coming together to further promote the awareness of 529 College Savings Plans, individually within states and localities and as a whole through College Savings Plans Network’s national awareness efforts. Joining together to bring more awareness to this proactive approach can help prevent massive student debt for those who have yet to earn their degrees at four-year universities, community colleges, and technical and vocational schools.
May 21, 2020
Regarding the Treatment of Section 529 Qualified Tuition Plans Under the Higher Education Act
Urging 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 related to the treatment of Section 529 qualified tuition plans.
Approved in 2008. Amended and renewed in 2011, 2014 and 2017
Preserving the current tax treatment of Section 529 Qualified Tuition Programs
Approved in 2013. Amended and renewed in 2016 and 2019
Inclusion of Contributions to 529 Plans in the Saver's Tax Credit
Inclusion of Section 529 programs in the Saver’s Credit to Encourage more American Families to Save for the Rising Cost of Higher Education
Approved in 2007. Amended and renewed in 2010, 2013, 2016 and 2019.
Expand the use of 529 Plans to Include Student Loan Payments
Allow 529 Plan Participants to use their account to make payments for student laons for postsecondary education opportunities
Approved in 2019.
Expand the use of 529 Plans to include Apprenticeship Programs
Expand Use of Section 529 College Savings Accounts to include Postsecondary Education Programs including Registered Apprenticeship Programs
Approved in 2019.
Employer Incentives to Contribute to an Employee's 529 Plan
Provide Incentives and Direction to Employers to Encourage Employee Savings in a Section 529 College Savings Program
Approved in 2007. Amended and renewed in 2010, 2013, 2016 and 2019.
529 Plan Rollovers to IRA
To allow participants in a Section 529 College Savings Program the additional flexibility to rollover excess funds from a 529 Plan to an IRA
Approved in 2013. Amended and renewed in 2016 and 2019.
State Tax Policy and Other Benefits between States for Section 529 Qualified Tuition Programs
A Resolution Supporting States' Efforts to Develop Tax and other Incentives to Promote Saving for Postsecondary Education
Approved in 2006. Renewed in 2009, 2012, 2015 and 2018.
Distribution Period for 529 Plans
To Support Legislation or Policy that would clarify for 529 Plan Participants the period of time by which to take Distributions for Qualified Higher Education Expenses
Approved in 2012. Renewed in 2015 and 2018.

Cyber Security

Supporting efforts to improve Cybersecurity
Supporting efforts, which may include cross-functional and multi-agency partnerships, at all levels of government and across the public and private sectors, to effectively mitigate the risks of cybersecurity threats, vulnerabilities, and the resulting impact on systems serving the public.
Approved in 2019.
Expressing NAST Support for Legislation, such as, S.536, the “Cybersecurity Disclosure Act of 2017”, Related to Corporate Cybersecurity
Supporting 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.
March 15, 2018

Financial Education

A Resolution Proclaiming NAST Support for National Personal Finance Challenge Competition
Approved on December 21, 2017.
Proclaiming NAST Support for Financial Literacy Graduation Requirements for High School Students
Approved in 2019.

Infrastructure

Guiding Principles for a Prosperous Path Forward with New National Infrastructure Investment
Approved September 18, 2017.

Pensions and Retirement

Supporting Policies to Increase Fee Disclosure and Standardize Reporting of Private Equity Investments
A Resolution proposing strategies that allow public funds to collect and reflect the actual cost of investing in private equity.
Approved in 2015. Amended and renewed in 2016 and 2019.
Expressing that NAST Does Not Support Legislation, such as, H.R.4015, the “Corporate Governance Reform and Transparency Act of 2017”, Related to the Relationship Between Institutional Investors and Proxy Advisory Firms
Approved on March 15, 2018.
Principles and Best Practices for Framing a Bipartisan Position on Retirement Security Models
2018

Public Finance

State Treasurers on the Municipal Securities Rulemaking Board
Approved in 2004. Amended and renewed in 2007, 2010, 2013, 2016 and 2019.
Outlining Critical Issues Related to the Municipal Securities Market and Positions of the National Association of State Treasurers
Approved in 2007. Amended and renewed in 2010, 2013, 2016 and 2019.
Opposing Amendment or Repeal of the Tower Amendment
Approved in 2007. Amended and renewed in 2010, 2013, 2016 and 2019.
Preserving and Enhancing the Tax-Exempt Status of Municipal Bonds
Opposing federal legislative and regulatory measures to repeal the exemption of municipal bond interest from Federal and applicable state income taxation and to curtail the use and attractiveness of tax-exempt bonds.
Approved on September 18, 2017.
Supporting the Classification of Investment Grade Municipal Securities as High Quality Liquid Assets
Approved on September 12, 2016.

Unclaimed Property

Supporting Uniform Law Commission in its Presentation of the Uniform Unclaimed Property Act and Opposing the Anti-Consumer Proposed Model Act of the ABA Subcommittee
Urging the ABA to approve RUUPA and strongly opposes the anti-consumer proposal of the ABA Subcommittee.
2018
Preserving the Right of Owners to Recover Unclaimed Property from States in Perpetuity
Opposing legislative and other measures to limit the period of time in which an owner can recover unclaimed property transferred to the custody of a state.
Approved in 2019.
Supporting the Importance of Ensuring that Unclaimed Property Laws Concerning Unclaimed Property Death Benefits Due Under Life Insurance Policies Adequately Protect Consumers
Supporting the amendment or enactment of unclaimed property laws regarding unclaimed death benefits due under life insurance policies that are consistent with NAUPA’s recommendations to the ULC.
Approved on July 30, 2018 by Beth Pearce. Approved on July 28, 2019 by Dennis Johnston.