House committee substitute the 2nd edition makes the following changes.

Amends topics that the Department of State Treasurer must study to now require studying: (1) the process of acquiring, securely storing, insuring, and liquidating any investment metal bullion, such as gold, and virtual currency, such as Bitcoin, that may be held on behalf of the State; (2) the expected impact of allocating a portion of the General Fund to investment metal bullion and virtual currency to hedge against inflation and systemic credit risks, reduce overall portfolio volatility, and increase portfolio returns over time; and (3) the costs, benefits, and security of utilizing a privately managed depository or another state's depository or creating a State-administered depository to serve as the custodian, guardian, and administrator of certain investment metal bullion and virtual currency that may be transferred to or otherwise acquired by this State or an agency, a political subdivision, or another instrumentality of this State and to provide a repository for investors to use for such assets. Changes the due date of the report on the study from January 1, 2025, to January 1, 2024.

Amends the act's long title.