A bill for an act relating to the investment of public funds in precious metals, oil, and natural gas.

This bill requires Iowa's state treasurer to allocate 20% of general fund public money into investments in gold, silver, platinum, and palladium, and 10% into equity investments in companies producing those precious metals, oil, or natural gas. It directly affects how the state manages its general fund assets, mandating specific percentages for these investments. The key mechanism is the mandatory reallocation of state funds toward these commodity-related assets, replacing current investment practices. This policy change shifts state investment strategy toward tangible commodities and resource-sector businesses. The bill is currently in committee after its February 11, 2026 introduction.