AN ACT to amend and reenact subsection 4 of section 6-01-07.1, subsections 4 and 5 of section 10-04-02, sec...
This legislation amends multiple sections of the North Dakota Century Code, allowing the insurance commissioner to take over responsibilities previously held by the securities commissioner. It includes provisions for the transfer and establishes an effective date.
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SB 2214 — 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.
Last action — Filed with Secretary Of State 04/17
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 16, 2025. Enacted.
Signed by Governor Kelly Armstrong (Republican) on April 18, 2025.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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6 sponsors
1 primary, 5 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (6 R).
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Cleared a recorded vote
Passed 3 recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
In plain language
The bill transfers the duties of the securities commissioner to the insurance commissioner in North Dakota.
This legislation amends multiple sections of the North Dakota Century Code, allowing the insurance commissioner to take over responsibilities previously held by the securities commissioner. It includes provisions for the transfer and establishes an effective date.
Summary
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.
Bill Text
What changed in the latest version
314 added · 327 removedPlain-language change summary
The amendment to Senate Bill No. 2214 shifts the responsibilities of the securities commissioner to the insurance commissioner. This change means that the insurance commissioner will now handle certain duties related to securities, simplifying oversight and potentially enhancing regulatory efficiency. This is important as it aims to streamline government functions and improve coordination among financial regulators in North Dakota.
25.0555.01000 Sixty-ninth Legislative Assembly of North Dakota In Regular Session Commencing Tuesday, January 7, 2025 SENATE BILL NO.
2214 of(Senators North Dakota Introduced by Senators Patten, Rummel, HogueHogue) Representatives(Representatives Stemen, Swiontek, WarreyWarrey) AAN BILLACT for 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;
and to provide anfor appropriation.a transfer;
to provide an effective date;
and to declare an emergency.
PageSECTION No.3.
1 25.0555.01000 Sixty-ninth Legislative Assembly SECTION 3.
a.S.
B.
NO.
2214 - PAGE 2 a.
Page(1) No.Own or control any security required to be registered under this chapter or any security that is exempt based on the approval of the department;
2 25.0555.01000 Sixty-ninth Legislative Assembly (1) Own or control any security required to be registered under this chapter or any security that is exempt based on the approval of the department;
Page(1) No.The violations or alleged violations underlying the assessment of civil penalties involve (a) Involve repeat violations, involve numerous investors, or appear to have been perpetrated on a systematic basis;
3and 25.0555.01000S. Sixty-ninth Legislative Assembly (1) The violations or alleged violations underlying the assessment of civil penalties involve (a) Involve repeat violations, involve numerous investors, or appear to have been perpetrated on a systematic basis;
andB. (2) The violations or alleged violations underlying the assessment of civil penalties could (b) Could have been prevented or significantly curtailed had the individual investors involved in the matter been more knowledgeable about financial concepts in general, or about any specific laws, practices, or procedures relating to the securities industry.
NO.
2214 - PAGE 3 (2) The violations or alleged violations underlying the assessment of civil penalties could (b) Could have been prevented or significantly curtailed had the individual investors involved in the matter been more knowledgeable about financial concepts in general, or about any specific laws, practices, or procedures relating to the securities industry.
The securities Pagecommissioner No.is responsible for the proper expenditure of these moneys as provided by law.
4 25.0555.01000 Sixty-ninth Legislative Assembly commissioner is responsible for the proper expenditure of these moneys as provided by law.
The commissioner may, in additionS. to any other remedy authorized by this chapter, impose by order and collect a civil penalty against any person found in an administrative action to have violated any provision of this chapter, or any rule or order adopted or issued under this chapter, in an amount not to exceed ten thousand dollars for each violation.
B.
NO.
2214 - PAGE 4 addition to any other remedy authorized by this chapter, impose by order and collect a civil penalty against any person found in an administrative action to have violated any provision of this chapter, or any rule or order adopted or issued under this chapter, in an amount not to exceed ten thousand dollars for each violation.
A person aggrieved by an order issued pursuant to this subsection may request a hearing before the commissioner if a written request is Pagemade No.within fifteen days after receipt of the order.
5 25.0555.01000 Sixty-ninth Legislative Assembly made within fifteen days after receipt of the order.
Page3. No.
6 25.0555.01000 Sixty-ninth Legislative Assembly 3.
26.1-06-12.S.
B.
NO.
2214 - PAGE 5 26.1-06-12.
Pageb. No.
7 25.0555.01000 Sixty-ninth Legislative Assembly b.
Absent good cause, the attorney general shall appoint as special assistant Pageattorneys No.general licensed attorneys selected by these entities.
8The 25.0555.01000attorney Sixty-ninthgeneral Legislativemay Assemblyrevoke attorneysthe generalappointment licensedonly attorneysfor selectedgood byS. these entities.
TheB. attorney general may revoke the appointment only for good cause or upon the request of the entity.
NO.
2214 - PAGE 6 cause or upon the request of the entity.
Pagea. No.
Show all 67 changed lines (27 more)
9 25.0555.01000 Sixty-ninth Legislative Assembly a.
d.S.
B.
NO.
2214 - PAGE 7 d.
APPROPRIATION - TRANSFER.
The office of management and budget shall transfer any amounts and full-time equivalent positions appropriated or authorized for the securities department'sdepartment appropriationto into the insurance department'scommissioner, appropriation for the biennium beginning July 1, 2025, and ending June 30, 2027.
PageSECTION No.17.
10EFFECTIVE 25.0555.01000DATE.
This Act becomes effective on July 1, 2025.
SECTION 18.
EMERGENCY.
This Act is declared to be an emergency measure.
S.
B.
NO.
2214 - PAGE 8 ____________________________ ____________________________ President of the Senate Speaker of the House ____________________________ ____________________________ Secretary of the Senate Chief Clerk of the House This certifies that the within bill originated in the Senate of the Sixty-ninth Legislative Assembly of North Dakota and is known on the records of that body as Senate Bill No.
2214 and that two-thirds of the members-elect of the Senate voted in favor of said law.
Vote:
Yeas 40 Nays 6 Absent 1 ____________________________ ____________________________ President of the Senate Secretary of the Senate This certifies that two-thirds of the members-elect of the House of Representatives voted in favor of said law.
Vote:
Yeas 88 Nays 1 Absent 5 ____________________________ ____________________________ Speaker of the House Chief Clerk of the House Received by the Governor at ________M.
on _____________________________________, 2025.
Approved at ________M.
on __________________________________________________, 2025.
____________________________ Governor Filed in this office this ___________day of _______________________________________, 2025, at ________ o’clock ________M.
____________________________ Secretary of State
Show all 67 changed rows (27 more)
View plain text versions (2)
- Enrolled Enrollment Current pdf
- Introduced View text pdf
Compared against current U.S. Code AI-generated reading aid — verify against the official bill.
The bill renames the 'Securities Commissioner' and 'Securities Department' to 'Securities Insurance Commissioner' and 'State Securities Insurance Department', and makes related changes to various sections of law.
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N.D.C.C. § 10-04-02
"Commissioner" means the insurance commissioner.→ "Commissioner" means the securitiesinsurance commissioner of this state.The title of the Commissioner is updated to reflect the merger with insurance duties.
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N.D.C.C. § 10-04-02
"Department" means the insurance department.→ "Department" means the state securitiesinsurance department.The department's name is updated to reflect its new title.
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N.D.C.C. § 10-04-03
The state securities department is under the supervision of a chief officer designated as the securities commissioner.→ The state securities department is under the supervision of a chief officer designated as the securities commissioner.The language is modified but retains the structure of the department's oversight.
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N.D.C.C. § 10-04-03
The commissioner shall maintain and administer the investor education and technology fund.→ The commissioner shall maintain and administer the investor education and technology fund.Language regarding the commissioner’s responsibilities over the fund is adjusted but the duties are unchanged.
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N.D.C.C. § 10-04-16
or which is declared to be illegal under this chapter,→ or which is declared to be illegal inunder this chapter,Minor wording change to clarify the language describing illegal acts.
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N.D.C.C. § 10-04-03
a. It is the prime duty of the commissioner to administer the provisions of this chapter.→ a. It is the prime duty of the commissioner to administer the provisions of this chapter.Reinforces the commissioner’s primary duty without changing the overall intent.
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N.D.C.C. § 10-04-03
the commissioner may from time to time make,;→ the commissioner may from time to time make;A semicolon is removed to correct punctuation.
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N.D.C.C. § 10-04-03
may not be an officer, director, or employee of any broker-dealer, agent, investment adviser, or investment adviser representative required to be registered under this chapter, or of a federal covered adviser required to be notice-filed under this chapter.→ may not be an officer, director, or employee of any broker-dealer, agent, investment adviser, or investment adviser representative required to be registered under this chapter, or of a federal covered adviser required to be notice-filed under this chapter.Reiterates conflict-of-interest provisions without altering them.
Action History
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Filed with Secretary Of State 04/17
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Signed by Governor 04/17
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Sent to Governor
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Signed by President
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Signed by Speaker
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Second reading, passed, yeas 40 nays 6, Emergency clause carried
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Concurred
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Returned to Senate (12)
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Emergency clause carried
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Second reading, passed as amended, yeas 88 nays 1
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Amendment adopted, placed on calendar
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Reported back amended, do pass, amendment placed on calendar 21 0 2
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Rereferred to Appropriations
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Reported back, do pass 14 0 0
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Committee Hearing 10:15
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Introduced, first reading, referred Industry, Business and Labor Committee
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Received from Senate
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Second reading, passed, yeas 29 nays 18
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Reported back, do pass, place on calendar 4 1 0
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Committee Hearing 02:15
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Introduced, first reading, referred Industry and Business Committee
Sponsors
- Jonathan Warrey · Cosponsor
- Steve Swiontek · Cosponsor
- Gregory Stemen · Cosponsor
- Dean Rummel · Cosponsor
- David Hogue · Cosponsor
- Dale Patten · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 5 co-sponsors · 142 not signed on · 20 voted No
Sponsors (1)
- Patten, Dale Republican
Co-sponsors (5)
- Warrey, Jonathan Republican
- Swiontek, Steve Republican
- Stemen, Gregory Republican
- Rummel, Dean Republican
- Hogue, David Republican
Not signed on (142)
142 members have not signed on to this bill.
Show all 142 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 38 | 3 | 0 | 1 |
| Democratic | 2 | 3 | 0 | 0 |
| Total | 40 | 6 | 0 | 1 |
| % of votes cast | 85% | 13% | 0% | 2% |
How each member voted (47)
| Member | Party | Vote |
|---|---|---|
| Boschee, Josh | Democratic | Yea |
| Braunberger, Ryan | Democratic | Nay |
| Hogan, Kathy | Democratic | Nay |
| Marcellais, Richard | Democratic | Yea |
| Mathern, Tim | Democratic | Nay |
| Axtman, Michelle | Republican | Yea |
| Barta, Jeff | Republican | Yea |
| Beard, Todd | Republican | Yea |
| Bekkedahl, Brad | Republican | Yea |
| Boehm, Keith | Republican | Yea |
| Burckhard, Randy A. | Republican | Yea |
| Castaneda, Jose L. | Republican | Yea |
| Cleary, Sean | Republican | Yea |
| Clemens, David A. | Republican | Yea |
| Conley, Cole | Republican | Yea |
| Cory, Claire | Republican | Yea |
| Davison, Kyle | Republican | Yea |
| Dever, Dick | Republican | Nay |
| Dwyer, Michael | Republican | Nay |
| Enget, Mark | Republican | Yea |
| Erbele, Robert | Republican | Yea |
| Gerhardt, Justin | Republican | Yea |
| Hogue, David | Republican | Yea |
| Kessel, Greg | Republican | Yea |
| Klein, Jerry | Republican | Nay |
| Larson, Diane | Republican | Yea |
| Lee, Judy | Republican | Yea |
| Lemm, Randy D. | Republican | Yea |
| Luick, Larry | Republican | Yea |
| Magrum, Jeffery J. | Republican | Yea |
| Meyer, Scott | Republican | Yea |
| Myrdal, Janne | Republican | Yea |
| Patten, Dale | Republican | Yea |
| Paulson, Bob | Republican | Yea |
| Powers, Michelle | Republican | Yea |
| Roers, Kristin | Republican | Yea |
| Rummel, Dean | Republican | Yea |
| Schaible, Donald | Republican | Yea |
| Sickler, Jonathan | Republican | Not Voting |
| Sorvaag, Ronald | Republican | Yea |
| Thomas, Paul J. | Republican | Yea |
| Walen, Chuck | Republican | Yea |
| Wanzek, Terry M. | Republican | Yea |
| Weber, Mark F. | Republican | Yea |
| Weston, Kent | Republican | Yea |
| Wobbema, Mike | Republican | Yea |
| van Oosting, Desiree | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 75 | 1 | 0 | 3 |
| Unaffiliated | 4 | 0 | 0 | 1 |
| Democratic | 9 | 0 | 0 | 1 |
| Total | 88 | 1 | 0 | 5 |
| % of votes cast | 94% | 1% | 0% | 5% |
How each member voted (94)
| Member | Party | Vote |
|---|---|---|
| Cynthia Schreiber-Beck | — | Yea |
| Emily O'Brien | — | Not Voting |
| Jared C. Hagert | — | Yea |
| Liz Conmy | — | Yea |
| Mike Beltz | — | Yea |
| Brown, Collette | Democratic | Not Voting |
| Davis, Jayme | Democratic | Yea |
| Dobervich, Gretchen | Democratic | Yea |
| Finley-DeVille, Lisa | Democratic | Yea |
| Foss, Austin | Democratic | Yea |
| Hager, LaurieBeth | Democratic | Yea |
| Hanson, Karla Rose | Democratic | Yea |
| Ista, Zachary | Democratic | Yea |
| Mitskog, Alisa | Democratic | Yea |
| Schneider, Mary | Democratic | Yea |
| Anderson, Bert | Republican | Yea |
| Anderson, Dick | Republican | Yea |
| Anderson, Karen A. | Republican | Yea |
| Bahl, Landon | Republican | Not Voting |
| Berg, Mike | Republican | Yea |
| Bolinske, Macy | Republican | Yea |
| Bosch, Glenn | Republican | Yea |
| Brandenburg, Mike | Republican | Not Voting |
| Brown, TJ | Republican | Yea |
| Christianson, Nels | Republican | Yea |
| Dockter, Jason | Republican | Yea |
| Dressler, Ty | Republican | Yea |
| Fegley, Clayton | Republican | Yea |
| Fisher, Jay | Republican | Yea |
| Frelich, Kathy | Republican | Yea |
| Grindberg, Karen | Republican | Yea |
| Grueneich, Jim | Republican | Yea |
| Hatlestad, Patrick R. | Republican | Yea |
| Hauck, Dori | Republican | Yea |
| Headland, Craig | Republican | Yea |
| Heilman, Matthew | Republican | Yea |
| Heinert, Pat D. | Republican | Yea |
| Henderson, Donna | Republican | Yea |
| Hendrix, Jared | Republican | Yea |
| Holle, Dawson | Republican | Yea |
| Hoverson, Jeff | Republican | Nay |
| Johnson, Jorin | Republican | Yea |
| Johnston, Daniel | Republican | Yea |
| Jonas, Jim | Republican | Yea |
| Karls, Karen | Republican | Yea |
| Kasper, Jim | Republican | Yea |
| Kempenich, Keith | Republican | Not Voting |
| Kiefert, Dwight | Republican | Yea |
| Klemin, Lawrence R. | Republican | Yea |
| Koppelman, Ben | Republican | Yea |
| Lefor, Mike | Republican | Yea |
| Longmuir, Donald W. | Republican | Yea |
| Louser, Scott | Republican | Yea |
| Maki, Roger A. | Republican | Yea |
| Marschall, Andrew | Republican | Yea |
| Martinson, Bob | Republican | Yea |
| McLeod, Carrie | Republican | Yea |
| Meier, Lisa | Republican | Yea |
| Monson, David | Republican | Yea |
| Morton, Desiree | Republican | Yea |
| Motschenbacher, Mike | Republican | Yea |
| Murphy, Eric J. | Republican | Yea |
| Nathe, Mike | Republican | Yea |
| Nehring, Dennis | Republican | Yea |
| Nelson, Jon O. | Republican | Yea |
| Novak, Anna S. | Republican | Yea |
| Olson, Jeremy | Republican | Yea |
| Olson, Jeremy | Republican | Yea |
| Osowski, Doug | Republican | Yea |
| Ostlie, Mitch | Republican | Yea |
| Porter, Todd | Republican | Yea |
| Pyle, Brandy L. | Republican | Yea |
| Richter, David | Republican | Yea |
| Rios, Nico | Republican | Yea |
| Rohr, Karen M. | Republican | Yea |
| Ruby, Dan | Republican | Yea |
| Ruby, Matthew | Republican | Yea |
| Sanford, Mark | Republican | Yea |
| Satrom, Bernie | Republican | Yea |
| Schatz, Mike | Republican | Yea |
| Schauer, Austen | Republican | Yea |
| Steiner, Vicky | Republican | Yea |
| Stemen, Gregory | Republican | Yea |
| Swiontek, Steve | Republican | Yea |
| Toman, Nathan | Republican | Yea |
| Tveit, Bill | Republican | Yea |
| VanWinkle, Lori | Republican | Yea |
| Vetter, Steve | Republican | Yea |
| Vigesaa, Don | Republican | Yea |
| Vollmer, Daniel R. | Republican | Yea |
| Wagner, Scott | Republican | Yea |
| Warrey, Jonathan | Republican | Yea |
| Weisz, Robin | Republican | Yea |
| Wolff, Christina | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 27 | 15 | 0 | 0 |
| Democratic | 2 | 3 | 0 | 0 |
| Total | 29 | 18 | 0 | 0 |
| % of votes cast | 62% | 38% | 0% | 0% |
How each member voted (47)
| Member | Party | Vote |
|---|---|---|
| Boschee, Josh | Democratic | Nay |
| Braunberger, Ryan | Democratic | Nay |
| Hogan, Kathy | Democratic | Nay |
| Marcellais, Richard | Democratic | Yea |
| Mathern, Tim | Democratic | Yea |
| Axtman, Michelle | Republican | Yea |
| Barta, Jeff | Republican | Yea |
| Beard, Todd | Republican | Yea |
| Bekkedahl, Brad | Republican | Yea |
| Boehm, Keith | Republican | Yea |
| Burckhard, Randy A. | Republican | Nay |
| Castaneda, Jose L. | Republican | Yea |
| Cleary, Sean | Republican | Yea |
| Clemens, David A. | Republican | Yea |
| Conley, Cole | Republican | Yea |
| Cory, Claire | Republican | Nay |
| Davison, Kyle | Republican | Nay |
| Dever, Dick | Republican | Nay |
| Dwyer, Michael | Republican | Nay |
| Enget, Mark | Republican | Yea |
| Erbele, Robert | Republican | Nay |
| Gerhardt, Justin | Republican | Yea |
| Hogue, David | Republican | Yea |
| Kessel, Greg | Republican | Yea |
| Klein, Jerry | Republican | Nay |
| Larson, Diane | Republican | Yea |
| Lee, Judy | Republican | Nay |
| Lemm, Randy D. | Republican | Nay |
| Luick, Larry | Republican | Nay |
| Magrum, Jeffery J. | Republican | Nay |
| Meyer, Scott | Republican | Yea |
| Myrdal, Janne | Republican | Yea |
| Patten, Dale | Republican | Yea |
| Paulson, Bob | Republican | Yea |
| Powers, Michelle | Republican | Nay |
| Roers, Kristin | Republican | Yea |
| Rummel, Dean | Republican | Yea |
| Schaible, Donald | Republican | Nay |
| Sickler, Jonathan | Republican | Yea |
| Sorvaag, Ronald | Republican | Yea |
| Thomas, Paul J. | Republican | Yea |
| Walen, Chuck | Republican | Yea |
| Wanzek, Terry M. | Republican | Nay |
| Weber, Mark F. | Republican | Yea |
| Weston, Kent | Republican | Yea |
| Wobbema, Mike | Republican | Nay |
| van Oosting, Desiree | Republican | Yea |
Subjects
Frequently asked questions
- What does SB 2214 do?
- 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.
- Who sponsors SB 2214?
- SB 2214 is sponsored by Warrey, Jonathan (Republican), Swiontek, Steve (Republican), Stemen, Gregory (Republican), Rummel, Dean (Republican), Hogue, David (Republican), and Patten, Dale (Republican).
- What is the current status of SB 2214?
- This bill has been enacted into law. Introduced January 16, 2025. Enacted.
- Where can I track SB 2214?
- Track SB 2214 free on One Click Politics — get push/email alerts when it moves.
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