7 Articles
7 Articles
North Dakota Senate fails bill to divest Legacy Fund from China
BISMARCK — The North Dakota Senate failed a bill on a 20-26 vote Tuesday, April 15, that would have allowed the State Investment Board to divest Legacy Fund investments from Chinese companies. Sens. Cole Conley and Terry Wanzek, both R-Jamestown, voted in favor of House Bill 1330. HB 1330 would have added language to the prudent investor rule to define a Chinese company as a company domiciled in China. Sen. Sean Cleary, R-Bismarck, a supporter o…
Agriculture Secretary Brooke Rollins coming to North Dakota
WASHINGTON – Senator John Hoeven announces Agriculture Secretary Brooke Rollins will come to Fargo Tuesday, April 22. Rollins is expecting to get direct feedback from agriculture producers and ranchers as work proceeds on the farm bill and learn about North Dakota’s leadership in precision agriculture technology. Rollins and Hoeven are scheduled to meet with local commodity groups and producers at North Dakota State University and participate in…
ND Senate fails bill to divest Legacy Fund from China
BISMARCK — The North Dakota Senate failed a bill on a 20-26 vote Tuesday, April 15, that would have allowed the State Investment Board to divest Legacy Fund investments from Chinese companies. Sens. Cole Conley and Terry Wanzek, both R-Jamestown, voted in favor of House Bill 1330. HB 1330 would have added language to the prudent investor rule to define a Chinese company as a company domiciled in China. Sen. Sean Cleary, R-Bismarck, a supporter o…
North Dakota Senate defeats bill that aimed to divest Legacy Fund from China
BISMARCK, N.D. (North Dakota Monitor) — The North Dakota Senate on Tuesday sank a bill that would have authorized the State Investment Board to divest from Legacy Fund holdings in companies headquartered in China. Under the “prudent investor rule,” which governs trustees of investment portfolios, the board must prefer “qualified investment firms and financial institutions with a presence in the state.” It cannot choose not to favor a company pur…
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