The North Dakota Senate Industry and Business Committee convened on March 25, 2025, to discuss significant investment strategies and restrictions related to foreign entities, particularly focusing on China. The meeting highlighted concerns regarding ongoing investments in countries perceived as adversaries, with a particular emphasis on the need for a structured approach to divestment.

The session began with discussions on the potential implementation of a sunset clause for investment restrictions. One senator expressed skepticism about the likelihood of changing China's behavior, suggesting that while a sunset clause might be prudent, immediate restrictions should be established to prevent further investments in adversarial nations. This sentiment was echoed by other committee members who emphasized the importance of discipline in adhering to investment policies.

Senator Kessel raised a point regarding the current divestment actions already being taken, questioning whether additional measures were necessary since some entities were already withdrawing investments from Russia and other countries. This prompted a broader discussion about the evolving nature of investment philosophies, with Senator Angott noting that changing economic conditions could influence investment decisions.

The conversation shifted to the inclusion of various countries in the proposed investment restrictions. Senator Campbell argued for a comprehensive approach, suggesting that if one country is to be singled out, others should be included as well. However, it was clarified that the focus remained primarily on China and Russia due to their military capabilities and perceived threats.

Senator Klein contributed to the discussion by highlighting the shifting economic landscape, suggesting that the focus might be moving away from China towards emerging markets like India. This raised questions about the necessity of the proposed restrictions, with some senators contemplating whether the state was already on a path of gradual divestment.

Ultimately, the committee voted on an amendment to include a sunset clause in the investment restrictions, which passed with a 5-0 vote. The amendment aimed to ensure that the restrictions would be reviewed and potentially revised after a set period, reflecting the committee's desire for flexibility in investment strategies.

The meeting concluded with a motion to advance the amended bill, which was seconded and passed with a majority vote. The committee plans to continue its work on related investment strategies in future sessions, indicating an ongoing commitment to reassessing North Dakota's investment policies in light of global economic dynamics.