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Read. Follow. Verify.North Dakota bill requires state treasurer to invest at least one percent of treasury funds in gold and silver
Last action · March 17, 2025: Second reading, failed to pass, yeas 13 nays 34Sponsors: Johnston, Daniel and 11 others
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What This Bill Proposed
North Dakota requires the state treasurer to invest at least one percent of state treasury funds in gold and silver or coins, starting July 1, 2027. The legislation also directs the state treasurer to study the costs and benefits of precious metals investments and report to by June 30, 2026.
Directs a portion of state treasury assets into precious metals holdings, altering state investment portfolio composition and requiring administrative oversight and policy development by the treasurer's office.
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
state treasurer
The state treasurer is tasked with investing at least one percent of treasury funds in gold and silver, developing management policies, conducting an interim study, and reporting to legislative management.
legislative management
Legislative management receives the report and findings from the state treasurer regarding the costs and benefits of state gold and silver investments by June 30, 2026.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What percentage of state treasury funds must be invested in gold and silver?
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News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Failed in the Senate.
Procedural history
12 actions- Mar 17, 2025SenateSecond reading, failed to pass, yeas 13 nays 34
- Mar 14, 2025SenateCommitteeReported back, do not pass, placed on calendar 3 2 0
- Mar 10, 2025SenateCommitteeCommittee Hearing 10:30
- Feb 18, 2025SenateIntroducedIntroduced, first reading, referred Industry and Business Committee
- Feb 18, 2025SenateReceived from House
- Feb 17, 2025HouseFloorSecond reading, passed, yeas 54 nays 35
Show 6 earlier actions
- Feb 17, 2025HouseReconsidered
- Feb 14, 2025HouseSecond reading, failed, lacks constitutional majority yeas 47 nays 33
- Feb 13, 2025HouseCommitteeAmendment adopted, placed on calendar
- Feb 12, 2025HouseCommitteeReported back amended, do pass, amendment placed on calendar 8 5 1
- Jan 22, 2025HouseCommitteeCommittee Hearing 02:00
- Jan 7, 2025HouseIntroducedIntroduced, first reading, referred Industry, Business and Labor Committee
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Mandatory Precious Metals Allocation
The bill introduces a statutory requirement for the state treasurer to hold a portion of state treasury funds in physical or exchange-traded gold and silver, overriding standard investment constraints.
Connected Entities
Sources
ndlegis.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 55)
- Controversy60Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz30Current news / social attention level
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