Requires State Investment Council report certain information quarterly; requires council's regulations addressing political contributions apply to federal or national committees and non-State political committees.

This bill requires New Jersey's State Investment Council to issue quarterly reports (in August, October, February, and May) detailing investment returns for state retirement funds by asset class. It mandates that external managers handling these funds disclose all fees, including performance-based earnings, which the Council must include in its reports. The bill also expands political contribution reporting rules to apply equally to federal or national committees, not just state-level committees. These changes directly affect the State Investment Council, external fund managers, and state retirement systems like the Common Pension Fund. The policy focuses on increasing transparency around investment performance and fee structures for public oversight.