Amend HB 2559 by adding the following appropriately numbered 
SECTIONS to the bill and renumbering subsequent SECTIONS of the 
bill appropriately:
	SECTION 1.  Section 815.301, Government Code, is amended by 
adding Subsections (g) and (h) to read as follows:
	(g)  In awarding contracts to private professional 
investment managers under Subsection (c) or otherwise acquiring 
private financial services, the board of trustees shall make a good 
faith effort to award contracts to or acquire services from 
qualified emerging fund managers.
	(h)  For purposes of Subsection (g):                                    
		(1)  "Emerging fund manager" means a private 
professional investment manager that manages assets of not more 
than $2 billion.
		(2)  "Private financial services" includes pension 
fund management, consulting, investment advising, brokerage 
services, hedge fund management, private equity fund management, 
and real estate investment.
	(i)  The retirement system shall report to the board of 
trustees on the methods and results of the system's efforts to hire 
emerging fund managers, including data disaggregated by race, 
ethnicity, gender, and fund size.