Dereck E. Davis

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Dereck Davis
24th Treasurer of Maryland
Assumed office
December 17, 2021
GovernorLarry Hogan
Wes Moore
Preceded byNancy Kopp
Member of the Maryland House of Delegates
from the 25th district
In office
January 11, 1995 – December 17, 2021
Preceded byMichael Arrington
Succeeded byKaren Toles
Personal details
Born
Dereck Eugene Davis

(1967-06-06) June 6, 1967 (age 56)
Washington, D.C., U.S.
Political partyDemocratic
SpouseMonique Davis
EducationUniversity of Maryland, College Park (BA, MPP)
Signature

Dereck Eugene Davis (born June 6, 1967) is an American politician serving as the Treasurer of Maryland since 2021.[1] He is a former member of the Maryland House of Delegates from the 25th district.

Background[edit]

Delegate Davis was born in Washington, D.C., on June 6, 1967. He attended Central High School, Capitol Heights, Maryland and graduated from the University of Maryland with a B.A. in political science in 1989. He earned a master's degree in public policy in 1999. Davis has been an administrator with the Washington Suburban Sanitary Commission since 2004.[2]

In the legislature[edit]

Davis was a member of House of Delegates from January 11, 1995 to 2021. He was the Chairman of the House Economic Matters Committee. He also chaired that committee's public utilities work group. He was a member of the Legislative Policy Committee and the Legislative Black Caucus of Maryland.[3]

Davis in the Maryland House of Delegates

In the House of Delegates, Davis was Chair, Economic Matters Committee, 2003–2021 (public utilities subcommittee, 2003–2021, chair, 2003–10; alcoholic beverages subcommittee, 2011–2021). Member, Legislative Policy Committee, 2003–2021. Member, Environmental Matters Committee, 1995–2003 (environmental & natural resources subcommittee, 1995–99; chair, public utilities subcommittee, 1999–2003). Member, Maryland Economic Development and Business Climate Commission, 2014–2015; Special Committee on Gaming, 2001. Deputy Majority Whip, 1999–2002. Member, Joint Covid-19 Response Legislative Work Group, 2020-2021. Member, Bi-County Committee, Prince George's County Delegation, 2003–2005, 2013–2014, 2017–2021; chair, 1999–2002 (county affairs committee, 1995–1998, 2008; law enforcement & state-appointed boards committee, 2006–07, 2012, 2015–2016; Maryland-national capital park & planning commission committee, 2008–2011). Member, Legislative Black Caucus of Maryland (formerly Maryland Legislative Black Caucus), 1995–2021 (environmental committee, 2000); Maryland Bicycle and Pedestrian Caucus, 2003–2021. Member, National Conference of State Legislatures (energy & electric utilities committee, 2005–2007; agriculture, environment & energy committee, 2007–2008; agriculture & energy committee, 2008–2021; environment committee, 2008–2021).[3]

Legislative notes[edit]

  • voted in for the Tax Reform Act of 2007 (HB2)[4]
  • voted for the Healthy Air Act in 2006 (SB154)[5]
  • Primary sponsor- Electricity - Universal Service Program (HB797/SB504) (Became law-chapter95)[6]
  • voted for electric deregulation in 1999 (HB703)[7]
  • voted for income tax reduction in 1998 (SB750)[8]
  • voted in for the Tax Reform Act of 2007 (HB2)[4]

Tenure as State Treasurer[edit]

In October 2021, Davis confirmed he would run for state treasurer following the retirement of Nancy Kopp.[9] Maryland General Assembly elected Davis as the next state treasurer on December 9, 2021. He was sworn in on December 17, becoming the first state treasurer from Prince George’s County, and the second African-American to hold the position, after Richard N. Dixon.[10]

In December 2022, administrators of Maryland's 529 college savings plan discovered a calculation error affecting all 31,000 prepaid accounts, which led to the Maryland Prepaid College Trust suspending interest payments and preventing families from accessing their prepaid plans.[11] After being re-elected as treasurer in February 2023, Davis asked legislators to move the 529 program into the treasurer's office,[12] which led to legislative leaders introducing a bill to do so.[13][14] The bill passed[15] and was signed into law by Governor Wes Moore on April 24, 2023.[16] In July 2023, the treasurer's office restored interest earned to the same rates account owners held under their previous contract and that all balances or contributions made after July 2024 would not earn interest.[17]

Awards[edit]

  • 2010 Most Influential Maryland Legislators (Top 20)[18]

References[edit]

  1. ^ Kurtz, Josh (December 10, 2021). "After Half a Lifetime in the House, Dereck Davis to Become Md. Treasurer". Maryland Matters. Archived from the original on November 8, 2022. Retrieved December 10, 2021.
  2. ^ "State Democracy". Archived from the original on 2007-08-17. Retrieved 2007-07-16.
  3. ^ a b "Dereck E. Davis, Maryland State Treasurer". Maryland State Archives. September 27, 2022. Archived from the original on February 27, 2023. Retrieved February 19, 2023.
  4. ^ a b "2007 Special Session" (PDF). Archived from the original (PDF) on 2012-02-09. Retrieved 2007-07-13.
  5. ^ "2006 Regular Session Seq No. 0942". Archived from the original on 2016-04-08. Retrieved 2007-07-16.
  6. ^ "Bills sponsored by Dereck Dvis". Maryland Department Legislative Information Services. Archived from the original on 2011-03-18. Retrieved 2009-04-22.
  7. ^ "Vote record 0870". Archived from the original on 2008-02-19. Retrieved 2007-07-16.
  8. ^ "Vote record 1229". Archived from the original on 2008-01-24. Retrieved 2007-07-16.
  9. ^ Kurtz, Josh (October 20, 2021). "Davis Confirms He's Running for State Treasurer". Maryland Matters. Archived from the original on 13 November 2021. Retrieved 13 November 2021.
  10. ^ Kurtz, Josh (December 17, 2021). "Davis Takes Over as Treasurer: 'We're Just Going to do Great Things'". Maryland Matters. Archived from the original on December 17, 2021. Retrieved December 17, 2021.
  11. ^ Douglas-Gabriel, Danielle (April 24, 2023). "'A broken promise': Maryland college savings plan blocks parents from withdrawing money". The Washington Post. Archived from the original on August 3, 2023. Retrieved April 24, 2023.
  12. ^ Ford, William J.; Sears, Bryan P. (February 21, 2023). "Political Notes: Davis re-elected as state treasurer, Cox loses another vote, Schiraldi gets confirmed". Maryland Matters. Archived from the original on March 28, 2023. Retrieved April 24, 2023.
  13. ^ Gaines, Danielle E. (February 25, 2023). "Legislative leaders working on bill to move Maryland 529 to Treasurer, wind down pre-paid tuition program". Maryland Matters. Archived from the original on April 24, 2023. Retrieved April 24, 2023.
  14. ^ Sears, Bryan P. (March 22, 2023). "Treasurer asks for patience, staffing and budget, in fixing beleaguered college savings plan". Maryland Matters. Archived from the original on April 24, 2023. Retrieved April 24, 2023.
  15. ^ Burnett, Ava-Joye (March 15, 2023). "Legislation proposes bill to abolish Maryland 529 board in move to help recoup college savings for parents". WJZ-TV. Archived from the original on April 24, 2023. Retrieved April 24, 2023.
  16. ^ Russell, Lia (April 24, 2023). "Gov. Wes Moore signs legislation shifting control of troubled Maryland 529 college savings agency to state treasurer". The Baltimore Sun. Archived from the original on April 24, 2023. Retrieved April 24, 2023.
  17. ^ Janesch, Sam (July 11, 2023). "In Maryland 529 overhaul, state treasurer sets 6% rate of return for parents with prepaid college trust accounts". The Baltimore Sun. Archived from the original on July 18, 2023. Retrieved July 18, 2023.
  18. ^ Poll (2 April 2010). "Where Does Your Legislator Rank? See the list". Maryland Gazette of Politics and Business. Archived from the original on 18 October 2010. Retrieved 10 April 2010.
Political offices
Preceded by Treasurer of Maryland
2021–present 		Incumbent
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