Change provisions relating to the duties of the Nebraska Investment Council, the state investment officer, and the State Treasurer

Summary

The bill designates the appointed members of the Nebraska Investment Council and the state investment officer as fiduciaries for public retirement, education‑savings, and state‑fund assets. It obligates them to act prudently, diversify holdings, and avoid investing in any “restricted entity,” which the bill defines as certain Chinese companies listed under specific U.S. executive orders and Treasury or Defense Department lists. It also adds reporting duties for the State Treasurer and sets an emergency effective date.

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