OH SB367

Amends investment policies for Ohio's state retirement systems (Public Employees, Police and Fire, State Teachers, School Employees, and State Highway Patrol), the Bureau of Workers' Compensation, and state higher education institutions to prohibit making investment decisions with the primary purpose of influencing social or environmental policy or corporate governance.

Requires retirement boards and investment administrators to make investment decisions solely to maximize return on investments, with fiduciary duties focused on providing benefits to participants and minimizing investment risk.

Prevents state institutions of higher education from accepting bequests to endowments made after the bill's effective date if the bequest specifically requests the donation be used primarily for social or environmental policy purposes.

Prohibits delegated investment managers from being required to conduct business with investment firms based on criteria more restrictive than those in Ohio law regarding political action committees.

Restricts Bureau of Workers' Compensation investments by prohibiting investments in collectibles, artwork, coins, jewelry, stamps, antiques, and other unregulated investments lacking liquidity and determinable valuation.