Bill
LB 661
Bill 5 SummaryBill Number: LB 661Title: Change provisions relating to the duties of the Nebraska Investment Council, the state investment officer, and the State TreasurerStatus: No
Bill Number: LB 661
Title: Change provisions relating to the duties of the Nebraska Investment Council, the state investment officer, and the State Treasurer
Status: Notice of hearing for February 28, 2025
Introduced: January 22, 2025
Classification: bill
Summary:
- LB661 creates safeguards for investments to protect the savings of public employees and the financial security of state public funds.
- The bill prohibits any public retirement or pension fund from engaging in investment activities with entities on a "restricted entity list" published by the State Treasurer.
- Retirement systems and funds are required to provide semi-annual written reports to legislative committees regarding any investment with restricted entities.
Compiled from official sources — confirm details with the bill’s official record.
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