; (B) any local government within a State, and any agency or instrumentality thereof; (C) any other governmental instrumentality of a State or locality; and (D) any public institution of higher education within the meaning of the Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq. ). (9) State The term State means each of the several States. 3. Safe harbor for changes of investment policies by asset managers (a) In general Section 13(c)(1) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–13(c)(1) ) is amended— (1) in subparagraph (A), by striking or at the end; (2) in subparagraph (B), by striking the period at the end and inserting ; or