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HB 1011

A BILL for an Act to provide an appropriation for defraying the expenses of the securities department; and to amend and reenact subsection 8 of section 10-04-10 of the North Dakota Century Code, relating to fees charged by the securities department.

69th Legislative Assembly (2025-26)

Failed bill would have funded North Dakota's securities regulator and restructured department fees on regulated entities and transactions.

Second reading, failed to pass, yeas 0 nays 47
0
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Bill Summary · HB 1011

Legislative bill overview

HB 1011 would have appropriated funds for the North Dakota Securities Department's operating expenses and modified the fee structure the department charges for its regulatory services. The bill proposed amending Section 10-04-10 of North Dakota Century Code to adjust how fees are calculated or assessed.

Why is this important

Securities regulators protect investors from fraud and ensure fair market practices. How these agencies are funded and what fees they charge affects businesses' regulatory costs and the state's ability to enforce securities laws effectively. Fee structures can influence market competitiveness and consumer protection capacity.

Potential points of contention

  • Fee increase concerns: The fee amendment likely proposed raising or restructuring charges, which business groups may have opposed as an additional regulatory burden
  • Funding mechanism disagreement: Legislators may have disagreed about whether the securities department's budget should come from general appropriations versus user fees paid by regulated entities
  • Regulatory scope debate: Questions about whether the department's expanded budget and fees align with appropriate government oversight levels

Compiled from official sources — confirm details with the bill’s official record.

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