ND HB1330

Prohibits North Dakota's Legacy Fund from holding direct investments in Chinese companies, defined as companies formed and domiciled in China under the People's Republic of China, Chinese Communist Party, or Chinese military

Requires the State Investment Board to review all direct holdings to identify securities in Chinese companies and develop a divestment plan

Mandates divestment of at least 20% of total Chinese investment value per year starting August 1, 2025, with full divestment completed by August 1, 2030

Exempts indirect holdings in actively managed funds, private equity funds, and exchange-traded funds from the divestment requirement

Amends the prudent investor rule to explicitly authorize the State Investment Board to divest from Chinese companies