The bill aims to revise public investment practices by prohibiting the consideration of nonpecuniary factors in investment decisions. This means that factors not directly related to financial performance, such as social or environmental considerations, cannot influence how public funds are invested. The legislation also includes definitions to clarify the terms used within the bill and establishes enforcement mechanisms to be carried out by the Attorney General.

Additionally, the bill stipulates an immediate effective date, ensuring that the new regulations are implemented without delay. This legislative change reflects a shift towards a more traditional approach to public investments, focusing solely on financial returns rather than broader societal impacts.