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Legislative Conference 2016 NAST Legislative Conference February 29 - March 2, 2016 | Mandarin Oriental Hotel | Washington, DC Helping State Government Work Better. Xerox is the world’s leading enterprise for business process and document management. We serve as an operations partner to more than 1,700 government agencies on the federal, state, and local level, and we touch millions of people’s lives every day. By working with us, government agencies transform the way they serve individuals and their communities. With a broad portfolio of services that deliver dramatic improvements in agency operations, citizen engagement, and workforce management, we partner with you to help state government work better. www.xerox.com/state ©2016 Xerox Corporation. All Rights Reserved. Xerox® and Xerox and Design® are trademarks of Xerox Corporation in the United States and/or other countries. A MESSAGE FROM NAST’S PRESIDENT Welcome to the 2016 National Association of State Treasurers (NAST) Legislative Conference! I am honored to serve as NAST President for 2016 and look forward to working with all of you as we strive to build on the work of NAST’s Immediate Past President David Lillard and explore new possibilities. With your continued support, attendance at this year’s Legislative Conference as well as June’s Treasury Management Training Symposium in New Orleans and September’s Annual Conference in Seattle we can all look forward to a productive and successful year for NAST. Your participation this week will not only benefit your organization through access to top tier administration and congressional presentations, but will also benefit NAST and all Americans as we highlight issues of importance to treasurers such as the current tax treatment of municipal bonds, financial literacy and 529 College Savings Plans as part of our Hill Day. I want to thank the entire NAST leadership team for guiding this organization through a truly transformative year. The hard work of John Provenzano, our new Executive Director, and the leadership of the Executive Committee, our committee chairs and the indispensable assistance of our Corporate Affiliates established a stronger and better equipped association, both financially and administratively. This year I am fortunate to have the dedicated support of a strong Executive Committee including Treasurer Ken Miller of Oklahoma, NAST’s Senior Vice President; Treasurer Elizabeth Pearce of Vermont, NAST’s Secretary-Treasurer; and Regional Vice Presidents, Treasurers Jeff DeWit of Arizona, Lynn Fitch of Mississippi, Deborah Goldberg of Massachusetts and Kelly Schmidt of North Dakota. We are joined on the Executive Committee by former NAST President David Lillard of Tennessee along with Treasurer Ron Estes of Kansas, Mark Pascarella of the State Debt Management Network, Joshua Joyce of the National Association of Unclaimed Property Administrators, Alabama Treasurer Young Boozer of the College Savings Plans Network and Francie Heller, NAST’s Corporate Affiliate Board Chair. I wish you all the best for a successful week in the nation’s capital and look forward to seeing all of you at NAST events throughout the year. James L. McIntire NAST President Washington State Treasurer 1 SPONSOR ACKNOWLEDGEMENTS NAST wishes to acknowledge the generosity of the sponsors of the 2016 NAST Legislative Conference. Legislative Conference Sponsor Gold Sponsors Silver Sponsors Bronze Sponsors 2 NAST LEADERSHIP & STAFF 2016 EXECUTIVE COMMITTEE PRESIDENT SENIOR VICE James L. McIntire PRESIDENT State Treasurer Ken Miller ASSOCIATION STAFF Washington State Treasurer Oklahoma John Provenzano Executive Director SECRETARY-TREASURER IMMEDIATE PAST Chris Hunter Beth Pearce PRESIDENT Deputy Executive Director / CSPN State Treasurer David H. Lillard, Jr. Jeremy Dawson Vermont State Treasurer Digital Media Manager Tennessee Jane Hardey Communications WESTERN REGION SOUTHERN REGION Emma Heydlauff VICE PRESIDENT VICE PRESIDENT Membership Services Manager Jeff DeWit Lynn Fitch Susan Hirschmann State Treasurer State Treasurer NAST Government Affairs Arizona Mississippi Donna Maloy Meeting Planning Services EASTERN REGION MIDWEST REGION David Milby VICE PRESIDENT VICE PRESIDENT NAUPA Association Director Deborah Goldberg Kelly Schmidt State Treasurer State Treasurer Lori Slagle Massachusetts North Dakota Accounting Services Preston Weyland LEGISLATIVE CSPN REPRESENTATIVE SDMN Association Director COMMITTEE CHAIR Young Boozer III Kathleen Young Ron Estes State Treasurer Meeting Planning Services State Treasurer Alabama Kansas NAUPA REPRESENTATIVE SDMN REPRESENTATIVE Joshua Joyce, Esq. Mark Pascarella Director of Unclaimed Executive Director Property Indiana Finance Department of Revenue, Authority Arizona CORPORATE AFFILIATE REPRESENTATIVE Francie Heller Managing Partner Heller Advisory 3 CONFERENCE AGENDA SUNDAY, FEBRUARY 28 2:15 - 3:45 P.M. NAST EXECUTIVE COMMITTEE (Oriental Ballroom A) 6:30 - 9:00 P.M. TREASURERS-ONLY DINNER Dress: Casual 4:00 - 5:00 P.M. MONDAY, FEBRUARY 29 Dress for the Day: Business Casual CSPN FEDERAL INITIATIVES COMMITTEE (Hirshhorn) 7:30 A.M. - 5:00 P.M. 6:00 - 7:30 P.M. REGISTRATION (Oriental Ballroom Foyer) OPENING RECEPTION (Oriental Ballroom B/C) 8:00 - 9:30 A.M. NATIONAL INSTITUTE OF PUBLIC FINANCE (Oriental Ballroom A) TUESDAY, MARCH 1 Dress for the Day: Business 8:30 - 9:30 A.M. 7:30 A.M. - 5:00 P.M. REGISTRATION (Grand Ballroom Foyer) PENSION & TRUST INVESTMENT COMMITTEE (Oriental Ballroom B) 9:45 - 10:45 A.M. 8:00 - 8:55 A.M. BANKING & CASH MANAGEMENT COMMITTEE (Oriental Ballroom A) BREAKFAST (Grand Ballroom C) FINANCIAL LITERACY COMMITTEE (Oriental Ballroom B) 9:00 - 9:10 A.M. 11:00 A.M. - 12:00 P.M. WELCOME & STATE OF NAST ADDRESS (Grand Ballroom A/B) NAST FOUNDATION BOARD (Oriental Ballroom A) • NAST President James L. McIntire, State Treasurer (WA) LEGISLATIVE COMMITTEE (Oriental Ballroom B) 12:15 - 1:30 P.M. 9:10 - 10:00 A.M. PLENARY SESSION (Grand Ballroom A/B) LUNCH FOR COMMITTEE MEMBERS (Oriental Ballroom C) Municipal Bonds: What does the future hold for these critical CORPORATE AFFILIATE BOARD (Gallery) financing tools? This panel will examine what Congress and the Administration have in 12:30 - 1:30 P.M. mind for municipal bonds in 2016. Hear from champions of the current FINANCE COMMITTEE (Freer) tax treatment of municipal bonds as well as making “munis” HQLA. Moderator: Treasurer Manju Ganeriwala (VA) 1:45 - 2:15 P.M. PRESENTATION (Oriental Ballroom A) • Representative Randy Hultgren (R-IL) • Treasurer Steve McCoy (GA) KEYNOTE SPEAKER: Peter Orszag, Vice Chairman, Citigroup, Former • Representative C.A. Dutch Ruppersberger (D-MD) Director, U.S. Office of Management & Budget At BNY Mellon, we understand the importance of helping our State Treasurers achieve their financial and public policy goals. It is our great pleasure to support the National Association of State Treasurers. Invested in a better world. bnymellon.com ©2016 The Bank of New York Mellon Corporation. 4 CONFERENCE AGENDA 10:00 - 11:00 A.M. 2:15 - 3:15 P.M. PLENARY SESSION (Grand Ballroom A/B) PLENARY SESSION (Grand Ballroom A/B) Tax Reform in 2016? Valuing the Long-Term in State Treasury Operations This bipartisan panel will discuss the likelihood of enactment of Markets respond to the incentives that state treasuries set comprehensive tax reform in the coming year. The panel will debate through their investment decisions. Join this panel session for a the pros and cons of both liberal and conservative proposals and the dialogue about what “long-termism” means for state treasuries impact of each. and how federal policy-making impacts your work in this area. Moderators: Treasurer James McIntire (WA) and Treasurer Moderator: Treasurer Janet Cowell (NC) Ken Miller (OK) • Gerald Chen-Young, United Negro College Fund • David Burton, The Heritage Foundation • Mark McCombe, BlackRock • Chuck Marr, Center on Budget and Policy Priorities • Ron O’Hanley, State Street Global Advisors 11:00 - 11:15 A.M. 5:30 - 8:00 P.M. BREAK (Ballroom Foyer) CONFERENCE RECEPTION & DINNER AT SEQUOIA GEORGETOWN KEYNOTE SPEAKER: Eric Cantor, Former House Majority Leader and Vice 11:15 A.M. - 12:15 P.M. Chairman and Managing Director of Moelis & Company PLENARY SESSION (Grand Ballroom A/B) Please meet on the lower level at 5:00. Buses will depart promptly at Financial Education: Are We Headed in the Same Direction? 5:15. Buses will return immediately after dinner. This panel will address the state, federal and private sector roles in financial education and will look to determine areas where increased cooperation amongst the three groups can improve success. WEDNESDAY, MARCH 2 Dress for the Day: Business Moderator: Treasurer Seth Magaziner (RI) 7:30 A.M. • Darlene Goins, Wells Fargo DEPART FOR CAPITOL HILL • Treasurer David H. Lillard, Jr. (TN) Meet on the lower level at 7:30. Buses depart promptly at 7:40. • Representative Steve Stivers (R-OH) 8:00 - 9:00 A.M. 12:30 - 2:00 P.M. BREAKFAST (Capitol Visitor's Center Room HVC 201 A&B) CONFERENCE LUNCH (Grand Ballroom C) KEYNOTE SPEAKER: Jason Furman, Chairman, Council of Economic Advisors 9:00 - 11:00 A.M. SPEAKER SERIES (Capitol Visitor's Center Room HVC 201 A&B) 11:30 A.M. - 4:00 P.M. CAPITOL HILL MEETINGS WITH HOUSE & SENATE MEMBERS & STAFF Citi applauds the work of the National Association of State Treasurers. We continue to support your efforts, enabling states to pursue and administer sound financial policies and programs for the benefit of us all. © 2016 Citigroup Inc. Citi and Citi with Arc Design are registered service marks of Citigroup Inc. The World’s Citi is a service mark of Citigroup Inc. 5 HOTEL INFORMATION The Mandarin Oriental Hotel 1330 Maryland Avenue, SW, Washington, DC 20024 | (202) 554-8588 www.mandarinoriental.com/washington 6 SPEAKER BIOS Address to the NAST Executive also serves as the Chair of the Virginia for prosperity and free enterprise and for Committee Treasury Board and is a member of ten other smaller, smarter government. boards including the Virginia Port Authority, Randy served on the Financial Institutions Virginia Resources Authority and Virginia Committees in the Illinois House and Keynote Address: Housing Development Authority.
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