North Dakota Bankers
Extraordinary Leadership for North Dakota Banks

January 23, 2023 - Update

January 23, 2023 - Update

Posted: Jan 23 2023

This Week at the Legislature

Wednesday marked the bill introduction deadline for the House of Representatives, and, as of Friday, 902 bills and resolutions have been filed! Monday, January 23, marks the deadline for members of the Senate to file bills, and it sounds like we could see upwards of 1,100 potential bill introductions. In comparison, the 2021 legislative session saw 935 bills and resolutions introduced, including 21 from the special November session that year. In 2019, 984 bills were addressed, and in 2017, just 779. With an influx of almost 40 new members has come an influx of many bills.
 
NDBA Bankers Day at the Capitol, Bank Management Conference & Legislative Dinner

NDBA’s Bankers Day at the Capitol on January 18 kicked off at the ND Heritage Center, where the group heard from Lt. Governor Tammy Miller, House Assistant Majority Leader Jerry Klein, Senate Minority Leader Josh Boschee, Representative Brandy Pyle and NDBA President and CEO Rick Clayburgh. Then bankers headed to the Capitol to observe committee hearings, enjoy lunch in the cafeteria, and observe floor sessions in the House and Senate. Lt. Governor Miller invited the group to take a photo with her on the floor of the Senate.
 
The morning of January 19 brought a joint meeting of the NDBA Board and Legislative Committee. NDBA’s Rick Clayburgh and Tracy Kennedy gave the group an overview of the legislative session so far and, most importantly, got member input on bills affecting banking interests.
 
After the meeting, bankers participated in the NDBA Bank Management Conference, where they heard and interacted with experts who provided 1) insight into energy and climate change and their impact on agriculture; 2) an outlook on the economy and how it may affect portfolio strategies; and 3) tips for attracting tomorrow’s talent with today’s leaders. In addition, ND DFI Commissioner Lise Kruse provided an update, Bank of North Dakota President Todd Steinwand discussed BND priorities, and NDBA’s Rick Clayburgh and Tracy Kennedy gave a legislative update.
 
That evening, bankers gathered with legislators for NDBA’s Legislative Reception and Dinner, which featured entertainment by the Michael Cartwright Band.

Hearings and Other Action this Week

HB 1283 – Fair Access to Financial Products
The House Industry Business and Labor Committee was to hear HB 1283 Tuesday afternoon.  Due to conflict with the hearing schedule, Chairman Louser postponed the hearing until Tuesday, January 24.
 
HB 1008 – DFI Appropriation
The Government Operation Division of the House Appropriations Committee held its second hearing on HB 1008, the proposed appropriation for the state Department of Financial Institutions Tuesday afternoon. The purpose of the hearing was to allow the committee to get into deeper detail regarding the agency budget request. Commissioner Kruse spent about 30 minutes answering more specific questions. The hearing was closed without the committee acting.
 
HB 1347 – Financial Institutions Engaged in Boycotts of Energy Companies
The House Industry Business and Labor Committee heard HB 1347 Wednesday afternoon. The bill requires the State Treasurer prepare and maintain a list of financial institutions engaged in a boycott of   energy companies, and that list be published on the Treasurer’s website. The list will also be used to create a restricted financial institutions list. An institution's placement on the list may render the institution ineligible to enter into or remain in banking contracts with the state. Rep. Satrom testified he was aware of problems with the bill and believed it should be defeated. However, he did say he believes the state needs to address ESG (energy, social and governance) policies. No one else spoke in favor of the bill. NDDFI Commissioner Lise Kruse testified in opposition to the bill, stating she felt there will be many unintended consequences that would impact North Dakota financial institutions. She also expressed concern of the state creating a black list of financial institutions which could lead to an unintended bank run. NDBA’s Rick Clayburgh also testified in opposition. He explained a fatal flaw with the bill in that the provisions were added to NDCC 6-01, the banking statutes that govern state banks.  The bill added credit unions to the provisions of the banking provisions. He also expressed concern with a state created blacklist. The hearing was closed without the committee acting.
 
HB 1106 – Appraisal Management Companies
HB 1107 – Regulation of Real Estate Appraisers
On Wednesday afternoon, the House Industry Business and Labor Subcommittee Committee held its first meeting regarding both HB 1106 and HB 1107. Representatives of the Appraisal Board, Appraiser Association, Appraisal Management Association, NDBA, ICBND, North Dakota Realtors, ND Home Builders and DFI Commissioner Kruse met with the committee to discuss the legislation and its impact on appraisal reviews. ICBND’s Barry Haugen introduced an amendment on behalf of BND to ensure the bank’s appraisal review program is not adversely affected. The meeting lasted more than an hour with not a lot of movement from the Appraisal Board and Appraisal Association, which would like to limit who can do appraisal reviews for banks in the state. The subcommittee meeting was adjourned with the plan of meeting again early next week.
 

Hearings This Week

1/23/2023 09:00 AM   
HB 1429

Relating to state contracts with certain companies that boycott energy, mining, and production agriculture. 
House Industry, Business and Labor 
NDBA Priority 

01/23/2023 09:00 AM   
HB 1368

Relating to a prohibition on investments and contracts with companies that boycott Israel. 
House Industry, Business and Labor 
Tracking 

01/23/2023 09:00 AM   
HB 1420

Relating to a small business diversity revolving loan fund; to provide a continuing appropriation; to provide an appropriation; and to provide a transfer. 
House Industry, Business and Labor 
Tracking 

01/23/2023 09:30 AM   
SB 2220

Relating to an allocation from the legacy earnings fund and eligible projects under the housing incentive fund; to provide an effective date; and to declare an emergency. 
Senate Finance and Taxation 
NDBA Priority 

01/23/2023 09:30 AM   
SB 2295

Relating to the unsatisfied judgment fund and the assigned risk plan; and to repeal chapter 26.1-23 of the North Dakota Century Code, relating to the unsatisfied judgment fund. 
Senate Industry and Business 
Tracking 

01/23/2023 10:15 AM   
SB 2233

Relating to the audit of loan programs administered by the Bank of North Dakota. 
Senate Industry and Business 
Tracking 

01/23/2023 02:00 PM   
HB 1014

A BILL for an Act to provide an appropriation for defraying the expenses of the industrial commission and the agencies under its control; to provide for a transfer; and to provide an exemption. 
House Appropriations - Government Operations Division 
NDBA Priority 

01/24/2023 08:00 AM   
HB 1283

Relating to fair access to financial products and services; and to provide a penalty. 
House Industry, Business and Labor 
NDBA Priority 

01/24/2023 08:00 AM   
HB 1400

Relating to investment of the common schools trust fund. 
House Industry, Business and Labor 
Tracking 

01/24/2023 08:30 AM   
HB 1014

A BILL for an Act to provide an appropriation for defraying the expenses of the industrial commission and the agencies under its control; to provide for a transfer; and to provide an exemption. 
House Appropriations - Government Operations Division 
NDBA Priority 

01/24/2023 09:00 AM   
HB 1163

Relating to optional career and technical education high school curriculum; and to amend and reenact section 15.1-21-02.2 of the North Dakota Century Code, relating to minimum requirements for high school graduation. 
House Education 
Tracking 

01/24/2023 09:45 AM   
SB 2263

Relating to escrow accounts. 
Senate Industry and Business 
NDBA Priority 

01/24/2023 10:30 AM   
SB 2206

Relating to insurance cash value exemptions. 
Senate Industry and Business 
Tracking 

01/24/2023 02:30 PM   
HB 1146

Relating to public employee fertility health benefits; to amend and reenact section 26.1-36.6-03 of the North Dakota Century Code, relating to self-insurance health plans; to provide for a report; to provide for application; to provide an expiration date; and to declare an emergency. 
House Industry, Business and Labor 
Trust 

01/25/2023 08:00 AM   
HB 1413

Relating to out-of-pocket expenses for health care services; and to amend and reenact section 26.1-36.6-03 of the North Dakota Century Code, relating to self-insurance health care plans. 
House Industry, Business and Labor 
Trust 

01/25/2023 09:00 AM   
HB 1083

Relating to the adoption of the Revised Uniform Law on Notarial Acts (2021). 
House Judiciary 
NDBA Priority 

01/25/2023 09:00 AM   
SB 2217

Relating to the calculation of interchange fees for electronic payment transactions; and to provide a penalty. 
Senate Finance and Taxation 
Tracking 

01/25/2023 10:15 AM   
SB 2237

Relating to a child care income tax credit; and to provide an effective date. 
Senate Finance and Taxation 
Tracking 

01/25/2023 10:30 AM   
HB 1360

Relating to the revised uniform unclaimed property act. 
House Judiciary 
Tracking 

01/25/2023 11:15 AM   
SB 2300

Relating to notice to owner and law enforcement of abandoned vehicles. 
Senate Industry and Business 
NDBA Priority
 
01/25/2023 02:30 PM   
HB 1291

Relating to execution of a judgment. 
House Judiciary 
Tracking 

01/25/2023 02:45 PM   
HB 1411

Relating to public employees retirement system health benefits coverage of prosthetic devices; to provide for application; and to declare an emergency. 
House Human Services 
Trust 

01/26/2023 09:00 AM   
HB 1225

A BILL for an Act to provide an appropriation to the tax commissioner for the development of an online portal for electronically accessible statewide property information and property tax information. 
House Appropriations 
Tracking 

01/26/2023 09:30 AM   
SB 2313

Relating to eminent domain and the assessment of damages. 
Senate Energy and Natural Resources 
Tracking 

01/26/2023 10:00 AM   
HB 1068

Relating to residential mortgage loan servicers; and to provide a penalty. 
House Appropriations 
Tracking 

01/27/2023 09:00 AM   
SB 2333

Relating to annually reconvened sessions of the legislative assembly. 
Senate State and Local Government 
Tracking 

01/27/2023 09:30 AM   
HB 1008

A BILL for an Act to provide an appropriation for defraying the expenses of the department of financial institutions. 
House Appropriations - Government Operations Division 
NDBA Priority 

How to Contact Your Legislators

During a legislative session, a legislator can be reached at the State Capitol through: Otherwise, a legislator can be reached by mail, telephone or email at the address listed in the legislator’s biography, or one of the lists provided below. Individual legislator contact information is listed here:

Over the course of the session, NDBA may ask you to call your Senator or Representative to talk to them about a particular bill or to ask them to support or oppose a particular bill.

Legislator contacts from local bankers are extremely important, so, please, if we ask, contact your legislators!

Also, local legislative forums are great to attend because they inform you about issues beyond banking and let you get to know your legislators at home where they are most responsive to your interests and concerns.

Don’t be a stranger; get to know your representatives in Bismarck!

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