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Bill > S256
NJ S256
NJ S256Requires State Investment Council report certain information quarterly; requires council's regulations addressing political contributions apply to federal or national committees and non-State political committees.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill requires the State Investment Council to issue certain reports required under current law by August 1, October 1 by February 1, and May 1, of each fiscal year listing in the aggregate and segregated by asset class, the investment returns achieved by the State-administered retirement system funds under the council's supervision by external managers. The bill requires that these reports be submitted to the Governor, the Legislature, and the State Treasurer. The bill requires that the rate and fees external managers need to disclose under current law are for investment funds in commodities, hedge funds, private equities, real estate, bonds, equities, and any other asset class, and that the rate and fees be included in the new quarterly report.
AI Summary
This bill requires the State Investment Council, which oversees state-administered retirement system funds, to report certain financial information quarterly, specifically by August 1, October 1, February 1, and May 1 of each fiscal year, detailing investment returns achieved by external managers for the preceding quarter, broken down by asset class (such as commodities, hedge funds, private equities, real estate, bonds, and equities). The bill also mandates that these quarterly reports include the specific rates and fees charged by external managers for all types of investments, and that these reports be submitted to the Governor, the Legislature, and the State Treasurer. Furthermore, any regulations the council adopts concerning political contributions will now apply not only to state-level committees but also to federal or national committees and political committees not specifically tied to the state.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/S256 |
| BillText | https://pub.njleg.gov/Bills/2026/S0500/256_I1.HTM |
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