Investments; prohibiting certain funds from being invested with certain entities and certain governments. Effective date.

SB 579 prohibits Oklahoma state funds from being invested in entities associated with the Chinese government or Chinese-owned corporations headquartered in China. It amends Oklahoma's investment statute to explicitly bar such investments while maintaining existing rules for U.S. Treasury obligations and foreign securities (capped at 5%). The bill directly affects the State Treasurer's investment decisions for public funds, including retirement systems. Key provisions require the State Treasurer to exclude investments linked to China from all investment policies and transactions. This policy change updates investment guidelines without altering existing limits on foreign securities or other investment categories.