South Carolina Treasurer Curtis Loftis was our speaker at the May meeting.

Topics covered included:

Unclaimed Property.
The office has returned over $300 million to South Carolina citizens in unclaimed
property. More than all previous state treasures combined.

Currently there is over $850 million in unclaimed property.  If you wish to explore their site to see if you unclaimed property, please do so.  It is fast and easy.

Homebuyers with good credit paying more for mortgages.
On May 1st, “Treasurer Loftis joined a Coalition of State Financial Officers in
Slamming President Biden’s Penalty on Responsible Homebuyers.”

ESG (Environmental, Social and Governance)
“An obstetrical against the American Way of Life.”
Treasurer Loftis and South Carolina Attorney General Alan Wilson joined a coalition of 23 states in a letter Opposing Dept. of Labor Rule that puts Retirement Savings at Risk.

The Dept. of Labor Rules changes the fiduciary responsibility to investors by placing
“Social Issues…” defined by others ahead of investing retirement funds for the benefit
of the investor (plan members) and their retirement.

Digital Currencies –
A South Carolina Delegation recently returned from an Exploratory Trip to El Salvador
to study the use of Bitcoin.  El Salvador was the 1st country to officially established Bitcoin as legal tender in 2021.

Declined meeting with Morningstar – (rating agency) in Solidarity with Israel.

Dangers of Energy Dependence – State Treasurer joins 26 other State Financial Officers in letter warning about the Dangers of Energy Dependence.

You can see the full story on these and other topics at the Treasurer’s website at
https://treasurer.sc.gov

News items can be found at the bottom of the page under Quick Links – News

Treasurer Loftis also invited us to set up a tour of the Capital which would include going to the top of the dome and into the basement to see the cushions in case of earthquakes. No date yet – if you would be interested, please let us know.