NE LB1095

Prohibits the Nebraska Investment Council and state investment officer from investing retirement system assets in "restricted entities," defined as Chinese companies designated under various federal executive orders and sanctions lists, including those linked to the Chinese military, forced labor, or national security concerns

Requires divestment from any existing holdings in restricted entities "as soon as practicable," though allows investments to run until the end of their term and does not require actions contrary to fiduciary duties

Mandates the State Treasurer publish a list of restricted entities on the Treasurer's website by October 1, 2026, with updates at least every six months, and notify the Nebraska Investment Council of any changes

Requires the state investment officer to submit semiannual reports to the Nebraska Retirement Systems Committee detailing any investments in restricted entities, including company names, asset classes, and amounts invested, beginning January 15, 2027

Becomes operative July 1, 2026, and is declared an emergency measure taking effect immediately upon passage and approval