North Dakota legislation · 69th Legislative Assembly
North Dakota HB1330: A BILL for an Act to amend and reenact section 21-10-07.1 of the North Dakota Century Code, relating to the prudent investor rule.
Status: Failed, April 15, 2025
Relating to the prudent investor rule.
What the bill says
A bill for an Act to amend and reenact section 21-10-07.1 of the North Dakota Century Code, relating to the prudent investor rule.
From the amended text, April 15, 2025:
A BILL for an Act to amend and reenact section 21-10-07.1 of the North Dakota Century Code, relating to the prudent investor rule. BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA: SECTION 1. AMENDMENT. Section 21-10-07.1 of the North Dakota Century Code is amended and reenacted as follows: 21-10-07.1. Prudent investor rule - Exception. Notwithstanding section 21-10-07, for purposes of investment of the legacy fund, the state investment board shall: 1. Shall give preference to qualified investment firms and financial institutions with a presence in the state; and 2. May divest from Chinese companies . As used in this subsection : a. "Chinese company" means a company formed and domiciled in China. b. "Company" means a sole proprietorship, an organization, an association, a corporation, a partnership, a joint venture, a limited partnership, a limited liability partnership, a limited liability company, or any other entity or business association, including all wholly owned subsidiaries, majority-owned subsidiaries, and parent companies, or an affiliate of such entity or business associate which exists for the purpose of making a profit. Page No. 1 25.0779.04000
Sponsors
- Bernie Satrom (R, 12) · primary sponsor
- Cole Conley (R, 12)
- Jim Grueneich (R, 28)
- Randy Lemm (R, 20)
- Mitchell Ostlie (R, 12)
Latest actions
- : Second reading, failed to pass, yeas 20 nays 26
- : Amendment adopted, placed on calendar
- : Reported back amended, do not pass, placed on calendar 11 5 0
- : Committee Hearing 08:30
- : Rereferred to Appropriations
- : Amendment adopted, placed on calendar
- : Reported back amended, do pass, amendment placed on calendar 3 2 0
- : Committee Hearing 09:30
- : Introduced, first reading, referred Industry and Business Committee
- : Received from House
Votes
- Final Passage (April 15, 2025): 20 yea, 26 nay, failed
- Final Passage (February 14, 2025): 75 yea, 7 nay, passed
Common questions
- What is HB1330?
- HB1330 is a bill in the North Dakota Legislature (69th Legislative Assembly): A BILL for an Act to amend and reenact section 21-10-07.1 of the North Dakota Century Code, relating to the prudent investor rule.
- What does HB1330 do?
- In its own words: A bill for an Act to amend and reenact section 21-10-07.1 of the North Dakota Century Code, relating to the prudent investor rule.
- What is the status of HB1330?
- Failed as of April 15, 2025. Latest action: Second reading, failed to pass, yeas 20 nays 26 (April 15, 2025).
- Who sponsored HB1330?
- Bernie Satrom (R, 12), with 4 co-sponsors.
- Where is the official record for HB1330?
- On the North Dakota Legislature website: https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1330.html
Source: official North Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.