Sub. S. B. No. 6 Summary

• Amends investment policies for five state retirement systems (Public Employees, Police and Fire, State Teachers, School Employees, and Highway Patrol) and the Bureau of Workers' Compensation to prioritize maximizing investment returns as the sole purpose of fiduciary decisions.

• Prohibits these entities from making investment decisions with the primary purpose of influencing social or environmental policies or attempting to influence corporate governance.

• Restricts state institutions of higher education from adopting endowment investment policies intended to influence social or environmental policies, except when accepting bequests that specifically request such use.

• Maintains boards' ability to consider investments benefiting the state's general welfare and to give equal consideration to minority-owned and women-owned businesses where returns, quality, and safety are comparable.

• Requires compliance with specific performance presentation standards and prohibits investment in collectibles, artwork, coins, and similar unregulated investments lacking liquidity and determinable valuation.