An Act providing for the protection of public investment from global risks, for duties of public funds and for an annual report.

HB 346 requires Pennsylvania public fund managers to assess geopolitical risks - such as those from war, terrorism, or international tensions - before investing in assets domiciled in foreign countries or with significant economic ties to them. Fund managers must adopt investment policies evaluating supply chain risks and foreign asset proportions, while coordinating with existing laws like the 2010 Protecting Pennsylvania's Investments Act. The bill mandates an annual public report listing all foreign investments as of June 30, published online by December 31 each year. This directly affects Pennsylvania’s public funds, including pension and investment accounts, by adding a standardized risk evaluation step to their investment processes.