Maddy summaryHB 1184 would allow North Dakota's Board of University and School Lands, State Investment Board, and State Treasurer to invest up to 10% of their managed funds in specific digital assets (like stablecoins or cryptocurrencies with a $500 billion+ average market cap) or precious metals (gold, platinum, or silver). The bill requires all digital asset investments to be held securely through approved custodians or exchange-traded products, with strict rules for staking or lending digital assets to avoid increasing state financial risk. It defines key terms like "stablecoin" (dollar-backed digital currency) and "secure custody solution" (requiring multi-location hardware storage and regular security audits). The policy directly affects how state investment entities manage public funds, but the bill failed to pass in January 2025 after committee review.
Sponsored bills
Relating to the implementation of operational guidelines and training for law enforcement officers and state's attorneys addressing the crimes of human trafficking, prostitution, and the commercial exploitation of children.
Relating to foreign ownership of real property near military installations; to amend and reenact sections 11‑11‑70, 40‑05‑26, and 47‑01‑09 of the North Dakota Century Code, relating to the powers of a board of county commissioners, a board of city commissioners, and a city council regarding development by a foreign country of concern or foreign organization of concern, prohibiting ownership of real property by a foreign country of concern or a foreign organization of concern; and to provide a penalty.
Maddy summaryThis bill would allow North Dakota legislators to attend out-of-state educational events without violating gift prohibitions, provided the events are objectively educational and not designed to influence legislation. It requires legislators to have a good-faith belief the event is educational (based on materials provided) and to leave immediately if they encounter unexpected lobbying efforts at the event. The exception specifically applies to events focused on education, not to activities intended to lobby. This change modifies existing ethics rules to clarify when travel-related expenses for educational purposes would not count as prohibited gifts.
Maddy summaryHB 1323 amends North Dakota's reimbursement rules for state legislators, setting daily pay rates ($205 through June 2024, $213 after) and monthly stipends ($569 through June 2024, $592 after) for legislative service. It specifies limits on lodging reimbursement (capped at 30 times 70% of daily rates) and travel allowances, while clarifying eligibility for meal and lodging costs during sessions. The bill directly affects all North Dakota legislative members and their committees. It was introduced in January 2025 but withdrawn the same week without advancing, making its retroactive application (to January 1, 2025) moot.
Relating to unfair discrimination in the business of insurance and the investment and management of public funds; to amend and reenact section 21‑10‑08.1 and subsection 10 of section 54‑44.4‑02 of the North Dakota Century Code, relating to the prohibition on social investments and restrictions on perpetual contracts; and to provide for a legislative management report.
Relating to the use of restrooms, locker rooms, and shower rooms in a dormitory or living facility controlled by the state board of higher education, a correctional facility, the North Dakota youth correctional center, and the penitentiary exclusively for males and females.
Relating to an adoption tax credit and a tax credit for contributions to a maternity home, child-placing agency, or pregnancy help center; and to provide an effective date.
Relating to a sales tax exemption for child diapers; and to provide an effective date.