Bill > LB1095

This bill modifies the duties of the Nebraska Investment Council and the state investment officer concerning investments made by certain state retirement systems, specifically prohibiting investments in "restricted entities," which are broadly defined to include Chinese entities designated by various U.S. presidential executive orders or listed by U.S. Treasury departments for national security, military, or human rights concerns, as well as any agency or instrumentality of the People's Republic of China. The bill requires the appointed members of the Nebraska Investment Council and the state investment officer to identify and divest from any holdings in these restricted entities as soon as practicable, while also mandating that the state investment officer provide semiannual reports to the Legislature detailing any such investments. Additionally, the State Treasurer is tasked with creating and maintaining a publicly accessible list of these restricted entities on their website, updating it at least every six months, and notifying the Nebraska Investment Council and state investment officer of any changes. These changes are intended to ensure that state retirement funds are not invested in entities deemed to pose a national security risk or to be involved in concerning practices, with the bill becoming operative on July 1, 2026.

Labor and Employment

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=63343