HB 1330 North Dakota House · 69th Legislative Assembly (2025-26)

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.

Based on the provided information, HB 1330 amends and reenacts a section of the North Dakota Century Code (21-10-07.1) pertaining to the prudent investor rule. The specific changes to the rule or its direct effects on individuals or entities are not detailed in the given context.

Bill status passed both 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Apr 2025

House Passage

Feb 2025

Senate Failed

Apr 2025

Governor

Introduced Jan 13, 2025 Last action Apr 15, 2025

Maddy AI version diff · 1 comparison

What changed between versions

INTRODUCED → FIRST ENGROSSMENT · 4 edits

MODERATE

The bill was renumbered from 25.0779.01000 to 25.0779.02000 and expanded to include an amendment to the prudent investor rule. The definition of a Chinese company was narrowed from being controlled by China to being formed and domiciled in China. A new provision was added allowing the state investment board to prioritize local investment firms and explicitly permitting divestment from Chinese companies under the new definition.

Scope change

The bill's scope expanded to include amendments to the prudent investor rule in addition to the new prohibition on Chinese investments.

DEFINITION

The definition of a Chinese company was changed from being majority-owned or controlled by China to being formed and domiciled in China, narrowing the scope of prohibited investments.

REQUIREMENT

A new requirement was added for the state investment board to prioritize qualified investment firms and financial institutions that have a presence in North Dakota.

A new provision was added explicitly allowing the state investment board to divest from Chinese companies as defined in the new section, clarifying the authority to take action.

TECHNICAL

The bill section number was changed from 25.0779.01000 to 25.0779.02000 and the document title was updated to indicate it is the first engrossment version.

Floor votes · Senate Apr 15, 2025 · House Feb 14, 2025

How they voted

20–26

Failed · 1 other

Total votes 47

Apr 15, 2025

D Democratic5

2 Yea 3 Nay

60% Nay

R Republican42

18 Yea 23 Nay 1

54% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 15, 2025

Upper · Passed

Amendment adopted, placed on calendar

upper

Apr 14, 2025

Upper · Passed

Reported back amended, do not pass, placed on calendar 11 5 0

upper

Apr 4, 2025

Upper · Passed

Committee Hearing 08:30

upper

Mar 28, 2025

Committee

Rereferred to Appropriations

upper

Mar 27, 2025

Upper · Passed

Amendment adopted, placed on calendar

upper

Mar 26, 2025

Upper · Passed

Reported back amended, do pass, amendment placed on calendar 3 2 0

upper

Mar 25, 2025

Upper · Passed

Committee Hearing 09:30

upper

Feb 18, 2025

Introduced

Introduced, first reading, referred Industry and Business Committee

upper

Feb 14, 2025

Lower · Passed

Second reading, passed, yeas 75 nays 7

lower

Feb 13, 2025

Lower · Passed

Amendment adopted, placed on calendar

lower

Feb 12, 2025

Lower · Passed

Reported back amended, do pass, amendment placed on calendar 9 3 2

lower

Jan 28, 2025

Lower · Passed

Committee Hearing 03:15

lower

Jan 13, 2025

Introduced

Introduced, first reading, referred Industry, Business and Labor Committee

lower

1 primary · 4 co-sponsors