Topics Related to OST Press Release
N.C. House, Senate Urge Congress to Change Law So State Pensions can Recover Losses from Russia
Calls on Congress to Amend Foreign Sovereign Immunities Act to Allow Possible Recoupment of Investment Losses; Urges General Assembly to Pass Resolution
Our legal team has reviewed Judge Lee’s order, and because of the Attorney General’s conflict, we have requested and received authorization to pursue outside counsel for this matter.In the meantime, we have asked the Attorney General’s office to pursue an extension of time to the order’s 30-day period. The Attorney General’s office has responded that they are researching the appropriate mechanism and options to do so.
State Treasurer Dale R. Folwell, CPA, announced his continued opposition to legislation that would give the Internal Revenue Service (IRS) sweeping new powers to monitor Americans’ bank accounts. The original proposal would have required banks, credit unions and other financial institutions to annually report on accounts and withdrawals amounting to $600.
State Treasurer Dale R. Folwell, CPA, announced that he is joining 23 other state treasurers, auditors and financial officers in signing a letter opposing legislation that gives the Internal Revenue Service (IRS) sweeping new powers to monitor American bank accounts with more than $600 in deposited funds.
Additional federal unemployment benefits are scheduled to expire on Sept. 6, as the pandemic emergency employment compensation and pandemic unemployment assistance programs are ending. These programs are paying an additional $300 a week to eligible unemployment applicants. Many feel that the extra payments are preventing people from returning to work.
During the August meeting of the North Carolina Council of State (COS) earlier today, Gov. Roy Cooper indicated that when additional federal unemployment payments end in September, state unemployment payments will return to their normal levels. The Governor’s statement came after State Treasurer Dale R. Folwell, CPA, and other members of the COS spoke about the devastating impact the extended benefits are having on employers across the state.
Having reviewed responses from other North Carolina Council of State (COS) members, State Treasurer Dale R.
Much needed changes promoting good government at the Department of State Treasurer (DST) were signed into law yesterday by Gov. Roy Cooper. Passed with the bipartisan support by the North Carolina General Assembly, all four pieces of legislation will significantly help DST provide vital services to state and local employees. The four bills are:
State Treasurer Dale R. Folwell, CPA, called on Gov. Roy Cooper to allow Executive Order 206 to expire on June 30. The order was originally issued in October 2020 and most recently e