REP. BERNIE SATROM

Bill requiring Legacy Fund disclosure website sees support in North Dakota Legislature

Rep. Bernie Satrom, R-Jamestown, speaks on the House floor on March 25, 2025. (Michael Achterling/North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — The state may soon start development on a new website detailing its Legacy Fund holdings after the North Dakota Senate last week unanimously passed an investment transparency bill. The Legacy Fund, worth more than $12 billion as of…

North Dakota Bill Requires Divestment From Chinese-Owned Companies

BISMARCK, N.D. (KVRR) — North Dakota lawmakers are considering a bill that would divest money from the Legacy Fund away from Chinese-owned businesses. If passed, the bill would also initiate a review of all Legacy Fund investments to determine which direct holdings include securities of any Chinese companies. Indirect investments in Chinese-owned companies, such as through a mutual fund, would…

Lawmakers to propose Legacy Fund Transparency Act

From left, state Reps. Bernie Satrom and Mitch Ostlie and state Sen. Cole Conley, all Republicans of Jamestown. (Photos provided by the Legislative Assembly)BISMARCK, N.D. (Mary Steurer – North Dakota Monitor) Three Republican lawmakers from District 12 plan to bring legislation during the 2025 legislation session to require the state to publish all investments of Legacy Fund money online. The…