North DakotaSB 22142025 Regular SessionSenate

AN ACT to amend and reenact subsection 4 of section 6-01-07.1, subsections 4 and 5 of section 10-04-02, sections 10-04-03 and 10-04-16, paragraph 2 of subdivision a of subsection 1 of section 10-04-16.1, section 26.1-06-12, subsection 3 of section 43-10.1-01, subsection 2 of section 43-23.1-05, subsection 4 of section 51-19-02, subsection 3 of section 51-23-02, subsection 1 of section 51-23-15, subsection 1 of section 54-12-08, subsection 1 of section 54-59-22.1, subsection 4 of section 57-38.5-01, and subsection 5 of section 57-38.6-01 of the North Dakota Century Code, relating to the insurance commissioner assuming the duties of the securities commissioner; to provide for a transfer; to provide an effective date; and to declare an emergency.

Sponsored By: Dale Patten (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

North Dakota shifts securities oversight and funding

Beginning July 1, 2025, North Dakota’s insurance commissioner takes over state securities regulation from the securities commissioner and department. The state budget office must transfer securities department funding and authorized staff positions for July 1, 2025–June 30, 2027. After each fiscal year closes and all its expenses are counted, securities special fund balances above $1 million must move to the state general fund. The law does not specify the amounts transferred. These transfers do not create a direct household payment or bill.

Sponsors & Cosponsors

Sponsor

  • Dale Patten

    Republican • Senate

Cosponsors

  • Gregory Stemen

    Republican • House

  • Steve Swiontek

    Republican • House

  • Jonathan Warrey

    Republican • House

  • David Hogue

    Republican • Senate

  • Dean Rummel

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 157 • No: 25

Senate vote • 4/11/2025

Second reading, passed, yeas 40 nays 6, Emergency clause carried

Yes: 40 • No: 6

House vote • 4/1/2025

Second reading, passed as amended, yeas 88 nays 1

Yes: 88 • No: 1

Senate vote • 2/24/2025

Second reading, passed, yeas 29 nays 18

Yes: 29 • No: 18

Actions Timeline

  1. Filed with Secretary Of State 04/17

    4/21/2025House
  2. Signed by Governor 04/17

    4/18/2025Senate
  3. Sent to Governor

    4/16/2025Senate
  4. Signed by President

    4/15/2025Senate
  5. Signed by Speaker

    4/15/2025House
  6. Second reading, passed, yeas 40 nays 6, Emergency clause carried

    4/11/2025Senate
  7. Concurred

    4/11/2025Senate
  8. Returned to Senate (12)

    4/2/2025Senate
  9. Emergency clause carried

    4/1/2025House
  10. Second reading, passed as amended, yeas 88 nays 1

    4/1/2025House
  11. Amendment adopted, placed on calendar

    3/31/2025House
  12. Reported back amended, do pass, amendment placed on calendar 21 0 2

    3/28/2025House
  13. Rereferred to Appropriations

    3/12/2025House
  14. Reported back, do pass 14 0 0

    3/12/2025House
  15. Committee Hearing 10:15

    3/12/2025House
  16. Introduced, first reading, referred Industry, Business and Labor Committee

    3/7/2025House
  17. Received from Senate

    2/25/2025House
  18. Second reading, passed, yeas 29 nays 18

    2/24/2025Senate
  19. Reported back, do pass, place on calendar 4 1 0

    2/20/2025Senate
  20. Committee Hearing 02:15

    1/29/2025Senate
  21. Introduced, first reading, referred Industry and Business Committee

    1/16/2025Senate

Bill Text

  • Enrollment

  • INTRODUCED

  • Prepared by the Legislative Council staff for House Appropriations Committee

  • SENATE BILL NO. 2214 with House Amendments

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