Change provisions relating to the duties of the Nebraska Investment Council, the state investment officer, and the State Treasurer

LB 1095 prohibits Nebraska's retirement systems from investing assets in certain Chinese entities designated by U.S. executive orders or sanctions lists (like military-linked companies). It directly affects Nebraska's public employee retirement funds, the Nebraska Educational Savings Plan, and the Achieving a Better Life Experience program. The bill requires the Nebraska Investment Council and state investment officer to avoid such restricted entities, mandates divestment from existing holdings in these entities, and clarifies that fiduciary duties must prioritize beneficiaries' interests over social or economic development goals. It amends investment management rules to align with federal designations and defines "restricted entities" to include specific Chinese military or national security-related companies.