Press Releases

March 18, 2019 - Treasurer Warns Illinois' Cannabis Industry Could Collapse Unless Banking Rules Updated March 11, 2019 - Treasurer Returns Purple Heart to Family of WWII Veteran March 4, 2019 - Treasurer Celebrates $1 Million in New Retirement Savings After Launch of Secure Choice February 14, 2018 - Treasurer Frerichs Applauds Minimum Wage Increase January 18, 2019 - Treasurer Frerichs Joins Local Non-Profits to Encourage Applicants for the Charitable Trust Stabilization Fund December 3, 2018 - Treasurer Frerichs’ ‘Money Match II’ Program To Return $1.5 Million to Taxpayers in Time for Holidays November 18, 2018 - Treasurer Frerichs to Host Illinois College Savings Summit October 30, 2018 - Illinois' 529 College Savings Plans Earn Top Ratings, Remain Among Best in Nation October 17, 2018 - Illinois State Treasurer Frerichs, Rhode Island State Treasurer Magaziner, Pennsylvania Treasurer Torsella, and New York City Comptroller Stringer Press for Independent Board Chair at Facebook October 16, 2018 - Treasurer Testifies on Strides to Increase Opportunities to Minority Investment Firms October 4, 2018 - Treasurer Frerichs and Comptroller Mendoza Launch New Bill Backlog Program September 26, 2018 - Treasurer Frerichs' 'Money Match' Program to Return $12 Million to Illinois Taxpayers; Approximate Value in Cook County: $6,885,020 September 25, 2018 - Treasurer Frerichs' 'Money Match' Program to Return $12 Million to Illinois Taxpayers; Approximate Value in Jackson, Williamson Counties: $79,646 September 25, 2018 - Treasurer Frerichs' 'Money Match' Program to Return $12 Million to Illinois Taxpayers; Approximate Value in Madison, St. Clair Counties: $358,560 September 24, 2018 - Treasurer Frerichs' 'Money Match' Program to Return $12 Million to Illinois Taxpayers; Approximate Value in Peoria County: $131,884 September 17, 2018 - Treasurer Frerichs' 'Money Match' Program to Return $12 Million to Illinois Taxpayers; Approximate Value in Winnebago County: $2123,191 September 11, 2018 - Treasurer Frerichs' 'Money Match' Program to Return $12 Million to Illinois Taxpayers; Approximate Value in Adams County: $38,880 September 4, 2018 - Treasurer Frerichs' 'Money Match' Program to Return $12 Million to Illinois Tax Payers; Approximate Value in Champaign County: $210,755 August 29, 2018 - Rauner Amendatory Veto Will Waste Money August 27, 2018 - State Treasurer Frerichs, Staff Attend Sandwich Fair to Share Information about Programs that Invest in Illinois Families August 27, 2018 - Treasurer Frerichs' Bill to Pay Down Bill Backlog and Save Up to $100 Million Each Year Becomes Law August 22, 2018 - Rauner Uses Veto in Stunning Power Grab August 22, 2018 - Illinois Renews $10 Million Investment in Israel Bonds August 15, 2018 - Statement on Veto of HB4923 Retirement Savings Program August 6, 2018 - Cream of the Crop Photo 2018 Winners August 3, 2018 - Statement on Veto of HB4922 July 9, 2018 - Treasurer Frerichs' I-Cash Program Returns Record-Breaking $180 Million to Individuals, Employers and Non-Profits June 27, 2018 - Janus v AFSCME Ruling Undermines Organized Labor June 20, 2018 - DeKalb County Community Gardens Among Awardees of Treasurer Frerichs’ Charitable Trust Grant Program June 18, 2018 - Treasurer Frerichs Announces Bicentennial Coin Contest Winner June 5, 2018 - Treasurer Frerichs Calls on Governor Rauner to Sign Legislation to Prohibit Rebate Cards that Charge Fees June 1, 2018 - Public Voting Now Open For Illinois’ Bicentennial Coin Contest May 24, 2018 - More Than 100 Military Medals Remain Unclaimed May 21, 2018 - Treasurer Frerichs' Statement on Supreme Court Decision to Block Workers Rights May 21, 2018 - Treasurer Frerichs to Host Illinois College Savings Summit May 18, 2018 - Top Proxy Advisory Firms Support Frerichs, Other Investors’ Proposal to Make Changes at Facebook May 14, 2018 - Does the State of Illinois Have Your Money? April 23, 2018 - Last Call: Submit Your Design for Illinois' Bicentennial Medallion April 2, 2018 - Cream of the Crop Photo Contest Now Open March 26, 2018 - New Website Makes it Easier to Track Illinois Investments March 12, 2018 - Proposed Law Would Protect Crooked Businesses That Wrongfully Keep Taxpayer Money, Property March 6, 2018 - Contest to Design Illinois' Bicentennial Medallion Now Open February 27, 2018 - Treasurer Frerichs Drops Lawsuit as Kemper Agrees to Audits to Find Unpaid Life Insurance Policies February 22, 2018 - Treasurer Frerichs Announces $500 Million Investment to Boost Economy in Rural Illinois January 29, 2018 - $1.3 Million in ABLE Savings Captured in First Year January 18, 2018 - New Federal Tax Breaks Do Not Apply to Illinois Taxes When Paying Private Grade, High School Expenses January 12, 2018 - Secure Choice Board Selects Investment Managers and Contracts with Ascensus to Manage Retirement Savings Program January 2, 2018 - Claiming Your Cash and Property Just Got Easier December 19, 2017 - Treasurer Frerichs Returns Purple Heart To Family of Vietnam Veteran Killed in Action December 12, 2017 - Treasurer’s Office Hopes to Reunite Illinois Residents with Extra Holiday Cash December 7, 2017 - Treasurers, comptrollers, controllers from across the U.S. warn of economic consequences of expelling Dreamers, Temporary Protected Status holders December 5, 2017 - Treasurer Frerichs: Congressional Tax Plans Would Assign Social Security Number to a Fetus November 20, 2017 - Treasurer’s Office Kicks-Off Holiday Season with Online Auction Set to Begin Cyber Monday November 9, 2017 - Illinois Invests Additional $10 Million in Israel Bonds November 8, 2017 - Illinois Families Win as Senate Overrides Gov. Rauner’s Veto Of Life Insurance Reform Act November 6, 2017 - Treasurer's Response to Cardinal Health’s CEO Stepping Down November 6, 2017 - Treasurer Frerichs Returns Purple Heart To Family of Vietnam Veteran November 2, 2017 - Treasurer Frerichs: Congressional Tax Plan A Horror Story for Middle Class and Unemployed November 1, 2017 - Treasurer Frerichs Calls on Facebook to Take Action to Stop Fake News October 25, 2017 - Statement by Treasurer Frerichs on the Illinois House Vote to Override Governor’s Amendatory Veto of House Bill 302 October 24, 2017 - Treasurer Frerichs Delivers Gold for Illinois October 23, 2017 - Treasurer Frerichs Asks Court to Force Kemper Corp. to Allow State Audit of Life Insurance Policies September 7, 2017 - Treasurer Frerichs Reacts to Governor’s Delayed Decision To Refinance Debt that Carried up to 12 Percent Interest September 5, 2017 - State Treasurers Urge More Drug Companies to Help Fight Opioid Epidemic August 30, 2017 - Rauner Sides with Life Insurers Over Grieving Families August 24, 2017 - State Fair Live Auction Earns $117,000 August 22, 2017 - Roseland Hospital to Receive Loan Through Illinois Treasurer Frerichs’ Office August 21, 2017 - Frerichs Calls for Override of Governor Rauner’s Veto of Legislation to Crack Down on Companies that Avoid Paying Taxes August 9, 2017 - State Treasurer Frerichs, Chicago Lighthouse Announce Plan to Help Veterans, Visually Impaired August 7, 2017 - Treasurer Frerichs: Governor Must Refinance Debt And Save $2 Million Each Day August 4, 2017 - 2017 Cream of the Crop Photo Winners Announced July 28, 2017 - Statement on McKesson Corp.’s Decision to Split the Roles of Chairman and CEO July 27, 2017 - Treasurer Frerichs’ Growth & Innovation Summit Attracts Top Entrepreneurs, Venture Capital Firms Provides Update on Portfolio, Aims to Grow Illinois Economy July 25, 2017 - Three State Treasurers Tell McKesson Corp. to Help Fight Heroin Epidemic July 21, 2017 - Illinois Secure Choice Board Selects Ascensus to Manage Retirement Savings Program July 20, 2017 - Treasurer Frerichs Announces Live Unclaimed Property Auction at the Illinois State Fair July 17, 2017 - Treasurer Frerichs’ I-Cash Program Returns Record-Breaking $159 Million to Individuals, Employers and Non-Profits July 14, 2017 - Treasurer Michael Frerichs’ Statement on Potential Junk Bond Status by Moody’s July 10, 2017 - Treasurer Frerichs: Without Steps from Governor, Illinois Will Be Issued Junk Bond Status July 6, 2017 - Frerichs Budget Statement June 27, 2017 - Treasurer Frerichs Calls on Gov. Rauner to Sign Life Insurance Reform Act that Requires Life Insurers to Pay Death Benefits June 8, 2017 - Illinois Leaders Call on Governor Bruce Rauner to Join the U.S. Climate Alliance June 6, 2017 - Sweeping Changes to Bright Start and Bright Directions to Expand Investments, Lower Fees June 2, 2017 - With Ratings This Low, Illinois Could Not Buy Its Own Bonds June 1, 2017 - Treasurer Frerichs Statement on Moody’s Credit Downgrade June 1, 2017 - Illinois Gets More Credit Downgrades after Failure to Reach a Budget Deal May 26, 2017 - Frerichs Urges Governor Rauner to Sign Legislation to Crack Down on Companies that Avoid Paying Taxes May 22, 2017 - Treasurer Frerichs Returns Purple Heart to Daughter of World War II Veteran May 18, 2017 - President Trump Repeals Retirement Savings Protections, Hurting Workers, Small Employers May 12, 2017 - Green Lending Program to Help Non-Profits and Faith-Based Organizations May 8, 2017 - Treasurer Frerichs: Rauner Must Initiate Meaningful Budget Negotiations or Risk Junk Bond Status May 3, 2017 - Durbin, Frerichs Slam Republican Effort to Limit Americans' Retirement Savings Options May 3, 2017 - Treasurer Frerichs Statement on U.S. Senate Vote That Hurts Employers, Workers Saving for Retirement April 26, 2017 - Treasurer Frerichs Announces First Quarter Investment Returns April 25, 2017 - Frerichs Proposal to Compel Life Insurance Companies to Pay Death Benefits Dating Back to 1996 Passes Illinois House April 25, 2017 - Treasurer Frerichs Announces Financial Literacy Partnership with Econ Illinois April 24, 2017 - Trump Trashes Protections for Students and Taxpayers April 13, 2017 - Treasurer Frerichs Pushes to Reunite Illinois Residents with $2.8 Billion in Unclaimed Property April 5, 2017 - Illinois Treasurer Frerichs Returns Purple Heart to Vietnam War Veteran March 20, 2017 - Frerichs Announces Online Auction of Unclaimed Property March 16, 2017 - The Illinois Funds Receives Top Credit Rating March 13, 2017 - 2017 Cream of the Crop Photo Contest Now Open March 8, 2017 - Treasurer Michael Frerichs Moves for More Women and Minorities on Corporate Boards March 6, 2017 - Frerichs Seeks Clarity and Commonsense to Protect Medical Marijuana Patients March 2, 2017 - AARP, State Treasurer Urge U.S. Senate to Protect Retirement Security for Illinois Workers February 17, 2017 - Treasurer Frerichs’ Statement on the Passing of Iconic U.S. House Leader, Congressman Bob Michel of Peoria February 13, 2017 - State Treasurers, U.S. Senator Burr, and Advocacy Groups Join Forces to Raise Awareness for Investment Program to Benefit Children, Adults with a Disability or Blindness February 1, 2017 - Treasurer Michael Frerichs’ Statement on Fitch Ratings’ Decision to Lower Credit Rating January 30, 2017 - Treasurer Frerichs Launches New Investment Program for Children and Adults with a Disability or Blindness January 26, 2017 - Treasurer Frerichs Releases Fourth Quarter Missed Investment Earnings Due to Budget Impasse January 23, 2017 - Frerichs Seeks Commonsense Change to Protect Medical Marijuana Patients January 13, 2017 - Media Advisory: Treasurer Frerichs Invites Public to Attend Roundtable Events in Itasca, Peoria, and Urbana January 12, 2017 - Frerichs Proposes Commonsense Change to Compel Life Insurers to Pay Death Benefits December 13, 2016 - Treasurer Frerichs Returns Purple Heart to Daughter of Korean War Veteran December 1, 2016 - Statement on Wells Fargo’s Decision to Adopt Shareholder Resolution Requiring Independent Board Chair November 29, 2016 - Treasurer Frerichs Signs Resolution Calling on Wells Fargo to Require Independent Board Chair November 15, 2016 - Treasurer Frerichs Statement on Illinois Labor Relations Board Decision October 26, 2016 - Illinois 529 Plan Among Best in the Country October 21, 2016 - Treasurer Frerichs Honors Leaders at LGBT History Month Celebration October 17, 2016 - Budget Impasse Continues to Impact Investment Earnings October 11, 2016 - Illinois Invests $10 Million in Israel Bonds October 3, 2016 - Treasurer Frerichs Suspends $30 Billion in Investment Activity from Wells Fargo for Predatory and Illegal Banking Practices September 30, 2016 - Media Advisory: Treasurer Frerichs to Cut Off Wells Fargo from Billions of Investment Dollars for Illegally Opening Consumer Accounts September 20, 2016 - Treasurer Frerichs Honors Chicago Leaders And Celebrates Hispanic Heritage Month September 20, 2016 - Treasurer Frerichs Calls on Kemper To Detail Plans to Pay Life Insurance Policies September 15, 2016 - Illinois Releases RFP for Bright Start Direct Program Manager September 15, 2016 - Treasurer Frerichs Hosts Diverse Managers Forum to Encourage Growth and Business Opportunity in Illinois August 26, 2016 - Treasurer Frerichs’ Legislation To Require Insurance Companies to Pay Death Benefits Is Signed into Law August 24, 2016 - Illinois to Enter Contract Negotiations on Behalf of Ten-State Consortium for ABLE Services August 23, 2016 - Unclaimed Property Auction Earns More than $171,000 August 22, 2016 - Treasurer Frerichs Secures $2.3 Million from Sprint August 15, 2016 - Frerichs Holds Statewide Hearings On Life Insurers That Do Not Pay Death Benefits August 11, 2016 - Stop by the Treasurer’s Tent at the Illinois State Fair August 8, 2016 - 2016 Cream of the Crop Photo Winners Announced August 2, 2016 - Missed Investment Income Despite 6-Month Budget August 1, 2016 - Treasurer Frerichs Announces Live Unclaimed Property Auction at the Illinois State Fair July 19, 2016 - Treasurer Frerichs, Cook Co. Board President, Call on Governor Rauner to Sign Legislation Requiring Life Insurance Companies to Pay Death Benefits July 14, 2016 - Treasurer Frerichs Announces Live Unclaimed Property Auction at the Illinois State Fair July 12, 2016 - Treasurer Frerichs Returns Record-Setting $155 Million through I-Cash Program June 30, 2016 - Treasurer Michael Frerichs’ Statement On General Assembly Budget Agreement June 30, 2016 - Treasurer Frerichs Joins Labor Secretary Perez to Promote New Consumer Protection Rule June 29, 2016 - MEDIA ADVISORY: Treasurer Frerichs to Join Labor Secretary Perez to Discuss New Consumer Protection Rule to Protect Retirement Savings June 27, 2016 - Deadline for 2016 Cream of the Crop Photo Contest Rapidly Approaching June 22, 2016 - Illinois Releases RFI for Advisor-sold 529 Plans June 20, 2016 - Treasurer Frerichs Calls on Governor Rauner to Sign Legislation Requiring Life Insurance Companies to Pay Death Benefits June 17, 2016 - Media Advisory: Treasurer Frerichs Calls on Governor Rauner to Sign Legislation Requiring Life Insurance Companies to Pay Death Benefits June 16, 2016 - $45,000 in Unclaimed Property Up For Auction Online June 14, 2016 - Budget Impasse Projected to Cost $31 Million in 2016 June 9, 2016 - Treasurer Frerichs’ Statement on Moody’s Decision to Lower Credit Bond Rating June 8, 2016 - Treasurer Frerichs Looks to Return Unclaimed Property to Quad Cities Residents June 8, 2016 - Illinois Releases RFP with Nine States to Assist People with Disabilities and Blindness June 7, 2016 - Treasurer Frerichs Returns Nearly $19,000 to Carver Community Center June 3, 2016 - Treasurer Frerichs to Return $19,000 to Carver Community Center on Behalf of Peoria-Native Richard Pryor June 1, 2016 - Treasurer Frerichs Joins State, Local Leaders to Urge Corporate Board Diversity June 1, 2016 - Treasurer Frerichs Fights Insurance Companies that Do Not Pay Death Benefits May 31, 2016 - Illinois Treasurer Michael Frerichs Seeks to Reunite Putnam, Bureau, and LaSalle County Residents with Unclaimed Property May 24, 2016 - Illinois Celebrates Record-breaking Year on 529 Day May 24, 2016 - Treasurer Frerichs Honors Asian Pacific American Month May 19, 2016 - Treasurer Frerichs Releases “Braver Report” Chronicling Allegations of Rutherford Administration May 13, 2016 - 2016 Cream of the Crop Photo Contest Now Open April 28, 2016 - Illinois Treasurer Frerichs Convinces Radio Shack To Surrender Uncashed Rebates Worth $140,000 April 22, 2016 - Illinois Treasurer Michael Frerichs’ Statement on Passage of Higher Ed Funding April 19, 2016 - Misericordia Needs Candy Day Help April 14, 2016 - Illinois Joins Nine States to Assist Persons with Disabilities and Blindness April 13, 2016 - Frerichs, Martwick Fight Insurance Companies that Do Not Pay Death Benefits April 12, 2016 - Does the State of Illinois Have Your Money? April 12, 2016 - Treasurer Frerichs Pushes to Reunite Central Illinois Residents with $156 Million in Unclaimed Property March 31, 2016 - Illinois Growth and Innovation Fund Gathering March 21, 2016 - Treasurer Michael Frerichs Announces Online Auction for Unclaimed Property March 16, 2016 - Treasurer Frerichs Adds Rockford, Waterloo, to Ag Invest Roundtable Talks March 2, 2016 - Treasurer Frerichs’ Statement on General Assembly’s Unsuccessful Override of Governor’s MAP Grant Tuition Assistance Veto March 1, 2016 - Illinois Invests $10 Million in Israel Bonds February 19, 2016 - Treasurer Frerichs’ Statement on the Governor’s Decision to Veto MAP Grant Funding February 5, 2016 - Media Advisory: Treasurer Frerichs Invites Public to Attend Ag Invest Roundtable Events February 4, 2016 -Treasurer Frerichs Presents Awards to Chicago Leaders in Honor of Black History Month February 2, 2016 - Treasurer Frerichs Invites Public to Attend Ag Invest Roundtable Events January 26, 2016 - Treasurer Frerichs to Invest More Than $220 Million in Illinois Tech Start-Ups Over Next Three Years January 22, 2016 - Media Advisory: Treasurer Frerichs to Announce $220 Million Dollar Investment for Illinois Tech Start-Ups January 21, 2016 - Online Auction for Unclaimed Property January 15, 2016 - Illinois Treasurer Michael Frerichs Statement on Governor’s Decision to Declare Negotiating Impasse with AFSCME January 5, 2016 - Treasurer Frerichs Makes Changes to Ag Invest Program to Help More Farmers Succeed December 8, 2015 - Unclaimed Property Auction Results: $73,000 November 24, 2015 - Online Auction for Unclaimed Property November 16, 2015 - Labor Secretary Perez, Illinois Treasurer Frerichs Announce Path for State-Based Retirement Programs November 2, 2015 - Kemper Companies Sue to Block Audit to Confirm Payment of Life Insurance Policies October 21, 2015 - Rating Agency Upgrades Illinois 529 Ranking October 20, 2015 - Treasurer Frerichs Speaks with LaSalle County Service Providers on Budget Impasse October 19, 2015 - Treasurer Frerichs Seeks to Return $4.2 Million in Unclaimed Money to Retailers October 15, 2015 - Treasurer Frerichs Releases Names of Owners of $123 Million in Unclaimed Property in Cook and Collar Counties October 6, 2015 - Treasurer Michael Frerichs Lowers Fees for Popular College Savings Program September 15, 2015 - Treasurer Frerichs to Stand with Western Illinois University Students, Spoon River Community College President to Urge Approval of College Tuition Assistance September 9, 2015 - Treasurer Frerichs to Stand with Senator Manar, Representative Scherer and Millikin University President to Urge Approval of College Tuition Assistance September 9, 2015 - Treasurer Frerichs to Stand with Senator Manar, Blackburn College President and Lewis & Clark Community College President to Urge Approval of College Tuition Assistance August 31, 2015 - Treasurer Frerichs Stands with College Students to Urge a Resolution on MAP Grant Funding August 17, 2015 - Treasurer Frerichs to Congratulate Cream of the Crop Winners on “Ag Day” at the Illinois State Fair August 10, 2015 - Treasurer Michael Frerichs Announces Online Auction for Unclaimed Property August 6, 2015 - Treasurer Frerichs Hosts State Treasurers to Discuss Implementation of ABLE Act August 5, 2015 - Treasurer Frerichs Joins State Treasurers, Advocates to Raise Awareness about Efforts to Provide Financial Independence for People with Disabilities July 24, 2015 - Letter to Secretary Perez on Retirement Security July 9, 2015 - Treasurer Frerichs Partners with Credit Unions to Help People During Budget Impasse July 1, 2015 - Illinois Treasurer Michael Frerichs Seeks to Reunite Residents with Assets, Mementos June 8, 2015 - Treasurer Frerichs Announces Online Auction for Unclaimed Property June 2, 2015 - Treasurer Michael Frerichs Suspends Two Banks for not Reinvesting in Low- Moderate-Income Communities May 22, 2015 - Launch a Child’s College Savings Plan for $25 May 11, 2015 - Illinois Treasurer Frerichs Opens Applications For New Internship Program April 27, 2015 - Treasurer Frerichs Identifies Office Challenges, Shares Plans to Help Families Succeed April 13, 2015 - Treasurer Michael Frerichs Encourages Students to Participate in Photo Contest Promoting Agriculture April 1, 2015 - Treasurer Frerichs Reunites Residents with Assets March 23, 2015 - Illinois Treasurer Auction Results: $93,000 March 12, 2015 - Illinois Treasurer Announces Online Auction for Unclaimed Property February 5, 2015 - Treasurer Frerichs Released the Following Statement on Passage of Senate Bill 11 January 26, 2015 - Treasurer Frerichs Announces Office Performance Audit to Increase Efficiency and Transparency January 15, 2015 - Frerichs Orders End to Politics-as-usual in Treasurer’s Office