Curtis Loftis – State Financial Officers Foundation

About

First elected in 2010, Curtis Loftis is serving his third term as state treasurer of South Carolina, where he manages and invests $60 billion in public funds. Curtis is currently being investigated by the South Carolina Senate for mismanaging $1.8 billion. “Mr. Loftis has abrogated his responsibility as a state treasurer. He has breached the public trust,” Republican state Sen. Larry Grooms said. He is next up for reelection in 2026.

In his capacity as treasurer, Loftis serves as chairman of the State Board of Financial Institutions, vice chairman of the State Fiscal Accountability Authority, vice chairman of the South Carolina Education Authority, and vice chairman of the South Carolina Tobacco Authority. He also sees himself as “a consistent leader in resisting mandates from unelected bodies, especially as it relates to public pension reform, overreaching regulations that harm taxpayers and states, and more recently, the increased emphasis on ESG.”

A graduate of the University of South Carolina, Loftis ran a pest control business and was involved in real estate, among other pursuits, before becoming treasurer.

Actions

Hosted a panel discussion at the SFOF 2022 Fall National Meeting titled “Fostering True Diversity in Non-Profit Organizations and Corporate America” with Stephanie Holmes and Patrice Onwuka of the Independent Women’s Forum and Jeremy Tedesco, a senior counsel at the Alliance Defending Freedom (11/14/22)
Signed a letter to Morningstar asking the company to stop its negative ratings of firms connected to Israel (8/25/22)
Signed a letter to the Securities and Exchange Commission (SEC) opposing the proposed rule known as The Enhancement and Standardization of Climate-Related Disclosures for Investors (6/17/22)
Signed the SFOF letter opposing the FDIC proposed principles on climate-related financial risk management for large financial institutions (6/3/22)
Signed a letter to the Department of Labor opposing possible agency actions to protect life savings and pensions from threats of climate-related financial risk (5/16/22)
Signed a comment letter to the Municipal Securities Rulemaking Board regarding ESG practices in the municipal securities market (3/8/22)
Signed a letter opposing the proposed Department of Labor rule change entitled Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights (12/13/21)
Signed a letter to the banking industry warning that state financial officers “will be taking collective action in response to the ongoing and growing economic boycott of traditional energy production industries by U.S. financial institutions” (11/22/21)
Signed a letter to Special Presidential Envoy for Climate John Kerry expressing “deep concern with recent reports” that the Biden administration is “privately pressuring U.S. banks and financial institutions to refuse to lend to or invest in coal, oil, and natural gas companies” (5/25/21)
Signed an SFOF letter urging President Biden to withdraw his nomination of Sarah Bloom Raskin as vice chair for supervision at the Federal Reserve for her “radical banking and economic views” that would “disrupt the private banking sector, reliable energy supplies, and the U.S. economy” (1/31/21)

Recent Campaign Filings

Statements of Financial Interests

Contact Information

State Treasurer of South Carolina
1200 Senate Street, Suite 214
Wade Hampton Building
Columbia, SC 29201
Website: treasurer.sc.gov/
Phone: (803) 734-2101
Email: NA