Missouri State Treasurer Clint Zweifel
Clint Zweifel (ZWY-ful) was sworn in as Missouri’s 45th State Treasurer on Jan. 12, 2009. At 35, Treasurer Zweifel became Missouri’s youngest State Treasurer in more than a century. He was re-elected Nov. 6, 2012, winning by more than 130,000 votes.
Since taking office, Treasurer Zweifel has focused on economic development, ensuring access to higher education, and streamlining Missouri’s Unclaimed Property program.
Treasurer Zweifel manages and invests Missouri’s $3.6 billion portfolio. He directs Missouri’s banking services and oversees $24 billion in annual revenue. Under Treasurer Zweifel’s steady leadership, Missouri has maintained its perfect AAA bond rating from all three major credit rating agencies in tough economic times, making Missouri one of only nine states in the nation to achieve this feat.
Immediately upon taking office, Treasurer Zweifel proposed his 2009 jobs and economic development package. The legislation, which focused on reinvesting in communities, passed unanimously and was signed into law by Governor Nixon. As a result, Treasurer Zweifel has approved $1.5 billion in low-interest loans through the expanded Missouri Linked Deposit Program impacting nearly 30,000 jobs and farmers in Missouri.
Treasurer Zweifel also manages MOST–Missouri’s 529 College Savings Plan. Through MOST 529 he continues to push for increased access to higher education for Missouri families. Treasurer Zweifel encourages Missourians to save for higher education with the program by working with industry leaders to provide incentives for saving. Under Treasurer Zweifel’s management, MOST 529 has grown to $2.2 billion in assets and more than 146,000 account owners, each an all-time high.
Treasurer Zweifel directs the state’s Unclaimed Property program, safeguarding more than $810 million in Unclaimed Property turned over by banks, businesses, insurance companies and government agencies. He has returned $187 million to more than 630,000 accounts. He also set Unclaimed Property records during fiscal year 2013 by returning more than $39.5 million to 135,000 account owners.
The Treasurer has significantly streamlined the claims process making it easier for Missourians to reclaim their property. In 2010, he launched a paperless claims process and cut wait times for returns in half. Most recently, Treasurer Zweifel launched the Unclaimed Property Charitable Donation Program allowing Missourians to donate all or part of their Unclaimed Property claim to any of the 20 eligible charities.
Through his management of the Unclaimed Property program, Treasurer Zweifel has demonstrated his commitment to protecting the military medals and insignia he currently holds. During the 2010 legislative session, Treasurer Zweifel developed and worked to pass the Veterans’ Medals Bill, making it illegal for unclaimed military medals held as Unclaimed Property to be auctioned off by the State Treasurer’s office.
Treasurer Zweifel represents Missouri taxpayers on a number of boards and commissions, including the Missouri Housing Development Commission, on which he fights for high quality, affordable housing for all Missourians.
In August 2011, Treasurer Zweifel saw the ratification of his housing plan which provides supportive housing for homeless. The plan requires no spending and will save taxpayers money through coordination of services. To date it has created more than 600 units of high-quality, long-term housing that gives some of the most vulnerable Missourians a place to call home.
In January 2014, Governor Nixon appointed Treasurer Zweifel to lead the Missouri Military Partnership. The purpose of the partnership is to guide Missouri’s actions here at home and advocate in our nation’s capital in order to protect and enhance the national security investments our nation has made here in Missouri. Missouri’s military installations are vital to our national security and have a tremendous economic impact on our state.
A transparent and accountable administration is one of Treasurer Zweifel’s core principles. Treasurer Zweifel received an “excellent” audit rating from the State Auditor following fiscal years 2011 and 2012.
Prior to serving as State Treasurer, Zweifel represented the 78th District in the Missouri House of Representatives for six years. His district covered parts of northwest St. Louis County, including Bridgeton, Florissant and Hazelwood.
While in the House, Treasurer Zweifel focused on college access and affordability, and he sponsored Missouri Promise – legislation that guaranteed any child in Missouri a four-year college degree by expanding the A+ Program. Missouri Promise allowed any student who graduated from an accredited A+ high school to then go to a two-year community college free of charge. If the student maintained the required grades and completed community service while at the community college, he or she would be eligible to complete a four-year degree at any Missouri public university or college at no cost.
Born Nov. 3, 1973, in St. Louis, Treasurer Zweifel grew up in nearby Florissant. He graduated from Hazelwood West High School in 1992. Treasurer Zweifel was the first member of his family to attend college. He graduated from the University of Missouri-St. Louis with a Bachelor of Arts in Political Science in 1996 and a Master of Business Administration in 2001. Treasurer Zweifel resides in Columbia with his wife, Janice, and their daughters, Selma and Ellie.
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