The happenings "inside" the Wisconsin State Treasury and across the street at the State Capitol

The NAST Legislative Conference – informational and productive

Last week, I attended the legislative conference of the National Association of State Treasurers (NAST) in Washington D.C. In keeping with my campaign promise, no taxpayer money was spent on this conference; NAST provides a stipend for conferences and I’m glad that I chose to use that stipend to attend this conference, as it was highly productive.

In addition to getting the opportunity to discuss HR 529, the “Savings Enhancement for Education in College Act”, with the Wisconsin Congressional delegation, I had the opportunity to sit in on sessions led by House Majority Leader Eric Cantor, House Minority Leader Steny Hoyer, Wall Street Journal columnist Steven Moore, Senator Orrin Hatch, and former White House Budget Director Peter Orszag.

One of the most valuable sessions involved an open discussion with members of the Securities and Exchange Commission (SEC) about the Dodd-Frank Act, and specifically about how new regulations in that bill could work to limit the contributions of citizens who volunteer their time on boards, such as Wisconsin’s College Savings Program Board. The provision we discussed would force anyone who wanted to volunteer to serve to go through a lengthy and expensive SEC certification process. NAST wrote a position letter to the SEC detailing their opposition to this change back in February. That letter is available on the NAST website.

Keep checking the NAST website over the next few days, as a new position paper should be appearing soon. This paper, drafted at the conference, outlines the Association’s opposition to allowing the states to declare bankruptcy, a stance that I championed in my interview with CNN International earlier this year.

Overall, it was an informative week, and I enjoyed the opportunity to represent the good people of Wisconsin.


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