The bill, S. 534, is a concurrent resolution introduced in the South Carolina General Assembly that addresses the potential removal of State Treasurer Curtis Loftis. It cites Article XV, Section 3 of the South Carolina Constitution, which allows for the removal of an executive officer by the Governor upon the address of two-thirds of each house of the General Assembly for reasons of willful neglect of duty or other reasonable cause that does not warrant impeachment.

The resolution states that the members of the South Carolina General Assembly, through a two-thirds vote in both the Senate and the House of Representatives, find that Treasurer Loftis's actions amount to willful neglect of his duties. This resolution is currently residing in the Senate Committee on Finance and reflects the legislative process for addressing the conduct of executive officers in the state.