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Leaders

Mike Frerichs

Treasurer / Statewide, IL

Michael Frerichs (pronounced FREH-ricks) was first elected Illinois State Treasurer in November 4, 2014 and re-elected on November 6, 2018. Frerichs is the 74th person to serve in this role. Prior to these offices, Frerichs was elected Illinois State Senator representing east-central Illinois in 2006. Frerichs attended Yale University and spent two years in Taiwan teaching children English. He has served as a volunteer firefighter and has one daughter, Ella.

As Treasurer, Frerichs actively manages approximately $31 billion. He takes an investment approach and is cautious to ensure the preservation of principal. The investment returns are significant: For every $1 spent to run the office, Frerichs nets $42 for the state’s residents. This strategy helped produce a record-breaking $239 million in forgotten cash and stock was returned to individuals, employers, and non- profits in Fiscal Year 2019.

Under Treasurer Frerichs’ leadership, Illinois launched the Illinois Achieving a Better Life Experience Program (ABLE), a savings and investment program that allows people with disabilities and their families to save and build financial wellness without risking federal benefits. In November 2018 Treasurer Frerichs launched Secure Choice, a retirement savings program that will benefit an estimated 1.2 million private-sector workers in Illinois who do not have access to an employer-sponsored retirement plan.

Mike Frerichs’s Ideas

Infrastructure Development Account

Problem  Illinois infrastructure, like many states across the country, has a long list of infrastructure needs.  Solution The Infrastructure Development Account (IDA) allows the State […]

Jobs and Entrepreneurship | Mike Frerichs | Treasurer | Statewide, IL

Raising The Bar: Treasurer Frerichs’ Responsible Investing Platform

Problem Government investment officers face difficult choices. Not only do they seek investments that are safe and high-performing, but they seek – and their constituents […]

Smart Government | Mike Frerichs | Treasurer | Statewide, IL

Student Investment Account Act

Problem Student loans are a burden which prevents many from fully participating in our economy and which can make higher education inaccessible in the first […]

Education | Mike Frerichs | Treasurer | Statewide, IL

The Sustainable Investing Act

Problem Sustainable investing reverses the trend of focusing narrowly on financial results and instead takes a holistic view of investment. This is appropriate given the […]

Climate Change | Mike Frerichs | Treasurer | Statewide, IL

Latest News

  • NewDEAL Statement on Supreme Court Opinion Overturning Roe v Wade 

    For Immediate Release:                                                                 June 24, 2022                                                                          Contact: Jonathon Dworkin (NewDEAL), 202-660-1340 x5, jonathon@newdealleaders.org   NewDEAL Statement on Supreme Court Opinion Overturning Roe v Wade  Washington, […]

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  • Debbie Cox Bultan and Commissioner Ken Lawrence Op-Ed: Op-Ed: State, local leaders a firewall against attacks on democracy

    State, local leaders a firewall against attacks on our democracy by Debbie Cox Bultan, Commissioner Ken Lawrence May 28, 2022 In the aftermath of the […]

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Recent News

NewDEAL Statement on Supreme Court Opinion Overturning Roe v Wade 

June 24, 2022
For Immediate Release:                                                                 June 24, 2022                                                                          Contact: Jonathon Dworkin (NewDEAL), 202-660-1340 x5, jonathon@newdealleaders.org   NewDEAL Statement on Supreme Court Opinion Overturning Roe v Wade  Washington, […]
https://newdealleaders.org/wp-content/uploads/2022/06/Roe-ruling-02.png 833 833 Jordan Smith https://newdealleaders.org/wp-content/uploads/2019/11/logo-tnd-300x74.png Jordan Smith2022-06-24 15:22:162022-06-24 15:34:30NewDEAL Statement on Supreme Court Opinion Overturning Roe v Wade 

Debbie Cox Bultan and Commissioner Ken Lawrence Op-Ed: Op-Ed: State, local leaders a firewall against attacks on democracy

June 2, 2022
State, local leaders a firewall against attacks on our democracy by Debbie Cox Bultan, Commissioner Ken Lawrence May 28, 2022 In the aftermath of the […]
https://newdealleaders.org/wp-content/uploads/2021/06/Debbie_pic.jpg 906 764 join.us https://newdealleaders.org/wp-content/uploads/2019/11/logo-tnd-300x74.png join.us2022-06-02 19:33:562022-06-02 19:33:56Debbie Cox Bultan and Commissioner Ken Lawrence Op-Ed: Op-Ed: State, local leaders a firewall against attacks on democracy

NewDEAL Forum Launches National Initiative to Defend Democracy

May 25, 2022
“If democracy is to be strengthened, we must address the needs of state and local officials,” says Debbie Cox Bultan, CEO of the NewDEAL Forum.                 […]
https://newdealleaders.org/wp-content/uploads/2020/07/Forum-logo-final.png 872 1826 Jordan Smith https://newdealleaders.org/wp-content/uploads/2019/11/logo-tnd-300x74.png Jordan Smith2022-05-25 14:35:092022-05-25 14:35:35NewDEAL Forum Launches National Initiative to Defend Democracy

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