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

SB 579 prohibits Oklahoma's public funds - including retirement systems - from investing in entities owned or controlled by the Chinese government, Chinese political subdivisions, or Chinese-headquartered corporations. It amends Oklahoma's investment rules (62 O.S. § 89.2) to explicitly ban such investments while maintaining existing restrictions on other foreign governments. The bill affects all state-managed funds under the State Treasurer, requiring compliance with updated investment policies focused on safety and liquidity. This is a direct policy change to restrict financial ties with specific foreign entities, not a procedural or commemorative measure.