Call on City Treasurer to cease blanket boycott of Treasury obligations and resume investment in U.S. Treasury backed securities
Legislation tracker › Finance › 15th Ward: Raymond A. Lopez
- Record number: Or2025-0021075
- Type: Order; category: City Council
- Status: In Committee (Re-Referred)
- Sponsor: Raymond A. Lopez (15th Ward)
- Co-sponsors (2): Anthony V. Napolitano (41st Ward), Brendan Reilly (42nd Ward)
- Committee: Committee on Finance
- Submitted Date: Nov 14, 2025
- Introduction Date: Nov 14, 2025
- Official record: Office of the City Clerk
Impact report
Written by AI from the official document. AI can make mistakes; the official document always wins.
This committee report recommends sending a proposal, which asks the City Treasurer to stop a blanket boycott of U.S. Treasury investments and start investing in them again, to the Committee on Finance for review.
Who it affects
- City Treasurer's office: The proposal under review asks the Treasurer to stop refusing all U.S. Treasury investments and to start buying U.S. Treasury-backed securities again.
- City Council Committee on Finance: The Committee on Finance would receive the proposal and review it.
What changes
- The proposal would be moved to the Committee on Finance for review.
- If later adopted, the proposal would ask the City Treasurer to end the blanket boycott of U.S. Treasury obligations.
- If later adopted, the proposal would ask the City Treasurer to resume investing city money in U.S. Treasury-backed securities.
Timeline
- Nov 14, 2025: Referred, City Council. Two committees having been called, the Committee on Finance and the Committee on the Budget and Government Operations, the matter was Referred to the Committee on Committees and Rules (Pursuant to Council Rule 42).
- Jul 9, 2026: Recommended for Re-Referral, Committee on Committees and Rules. The matter was recommended for Re-Referral by controlling legislative body.
- Jul 15, 2026: Referred, City Council. The matter was Referred to Committee.
Documents
- 7.15.26 CCR Report to Council - Item 5.pdf (Committee Letter)
- w15,41,42 - order city treasurer.pdf (Legislation)
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