Changing of the Guard: Treasurer Kopp to Step Down, AG Frosh Won’t Seek Third Term

State Treasurer Nancy K. Kopp will step down this year; Attorney General Brian E. Frosh will not seek a third term as Maryland’s chief legal officer.

State Treasurer Nancy K. Kopp and Maryland Attorney General Brian E. Frosh (source: Maryland Manual Online)

Treasurer Kopp Announces Retirement

After more than 50 years in public service, Maryland State Treasurer Nancy K. Kopp announced her plans to step down by the end of this year. The second-longest-serving Maryland State Treasurer, and the second woman to serve in the role, Treasurer Kopp was first elected in February 2002 and subsequently re-elected to five full four-year terms.

“Serving as Maryland’s Treasurer has been a great privilege, as well as a terrific challenge. I have cherished the opportunity to serve and believe that, working together, we have made a real contribution to the benefit of our state and fellow citizens. Maryland is strong; a model of good, prudent fiscal management and investment,” Treasurer Kopp wrote in a letter to members of the Maryland General Assembly. “We have invested in our collective future — in public education, great universities, a sound human and physical infrastructure, and in the many other ways in which we work to assure strong communities and decent lives for all Marylanders.”

The Treasurer is the principal custodian of the State’s cash deposits, monies from bond sales, and other securities and collateral and directs the investments of those assets.

In addition to the responsibilities for managing the Office of State Treasurer, as a Constitutional Officer, and a representative of the General Assembly, the Treasurer serves on several key State Boards and financial planning committees, including the Board of Public Works.

Before being elected State Treasurer, Nancy Kopp represented the Bethesda area in the Maryland House of Delegates for 27 years. She served on the House Appropriations Committee and as Deputy Majority Leader and Speaker Pro Tem.

Maryland State law requires the Senate President and House Speaker to appoint a committee to review candidates for the opening. Then, the General Assembly will elect a new State Treasurer.

According to Maryland Matters:

It is now up to the General Assembly to select Kopp’s replacement, and lawmakers are expected to do so in the anticipated special legislative session tentatively set for early December. Del. Dereck E. Davis (D-Prince George’s), longtime chair of the House Economic Matters Committee, is the overwhelming favorite to replace Kopp as treasurer.

Attorney General Frosh Will Not Seek Re-Election

Maryland’s 46th Attorney General, Brian E. Frosh, announced he would not seek a third term as the state’s chief legal counsel, capping off a decades-long career in public service.

Attorney General Frosh previously served in the Maryland General Assembly for 28 years, representing District 16 in Montgomery County. After serving two terms in the House of Delegates, Frosh served for 20 years in the state Senate — including 12 as chair of the Senate Judicial Proceedings Committee.

Attorney General Frosh penned a letter to his staff to inform them of his decision.

Dear Friends:

I am writing to let you know that after 35 years in public service, I have made the difficult decision not to seek re-election as Attorney General.

My work with you has been the most rewarding, fulfilling and, I believe, productive experience of my professional life. I continue to treasure the opportunity to work with all the talented and dedicated people that make up our great office.

It is more important than ever to remember the words of Margaret Mead: “Never doubt that a small group of thoughtful, concerned citizens can change the world; indeed, it is the only thing that ever has.”

I still have about 15 months as Attorney General. I intend to make the most of every single moment. I will continue to work with you to provide the best possible legal advice to our clients, to protect Marylanders, to improve their lives and to fight for justice.

Thanks to each and every one of you for your service to our state. I appreciate more than I can ever express, the friendship and support that you have shown me. Let us make the most of the remaining time we have together.


Maryland voters elect the Attorney General for four-year terms with no term limits. Voters will elect a new Attorney General in the 2022 gubernatorial election.

Stay tuned to Conduit Street for more information.

Maryland Matters: After Nearly 20 Years as State Treasurer, Nancy Kopp Announces Retirement

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