The North Dakota Senate Appropriations - Government Operations Division convened on April 4, 2025, to discuss House Bill 1330, which focuses on divesting state investments from Chinese entities. Representative Bernie Satrim introduced the bill, emphasizing the need to reevaluate the state’s investment strategies, particularly concerning ethical considerations and national security.

Satrim highlighted past concerns regarding investments in Russian government bonds and Chinese companies, citing specific examples of companies involved in human rights abuses and activities that could undermine U.S. interests. He noted that several other states, as well as the U.S. Federal pension system, have already taken steps to divest from Chinese investments, suggesting a growing trend towards ethical investment practices.

The discussion included a call for North Dakota to redirect its investment focus towards local opportunities, such as businesses in Carrington, Wilton, and Fargo, rather than foreign entities. Satrim argued that investing in local economies could foster growth and stability, especially as the state faces challenges in its traditional oil and agriculture sectors.

Committee members raised questions about the bill's language and its implications for the State Investment Board's operations. Concerns were expressed regarding the clarity of terms like "divest" and the bill's temporary nature, which is set to expire on July 31, 2027. Satrim acknowledged the need for stronger language but emphasized the importance of making progress rather than seeking perfection.

The meeting underscored a significant shift in North Dakota's investment strategy, reflecting broader national conversations about ethical investing and the implications of foreign investments on local economies and security. The committee's deliberations will continue as they seek to refine the bill and address the concerns raised.