Public Investments; to prohibit the Board of Control of the Employees' Retirement System and the Teachers' Retirement System from investing with restricted entities affiliated with Communist Chinese military companies

Summary

The measure would prohibit the Teachers’ and Employees’ Retirement Systems from buying, holding, or selling securities tied to Chinese entities identified as military or security threats. It requires the state auditor to create and maintain a list of those restricted entities, and forces the retirement boards to divest any holdings quickly. The aim is to keep public pension money away from investments that could support the Chinese military.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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