N. Dakota House cools to bill seen as helping Senator's bank

Sen. John Hoeven (R-North Dakota) Sen. John Hoeven (R-North Dakota) |  Photo: U.S. Senate

JAMES MacPHERSON, Associated Press
Updated: March 19, 2021 02:29 PM
Created: March 17, 2021 02:29 PM

BISMARCK, N.D. (AP) — North Dakota House leaders have signaled a reluctance to fully support a state Senate bill that aims to funnel $10 million to a troubled intermodal rail facility.

The measure is increasingly is being criticized as a bailout for some banks, including one partially owned by U.S. Sen. John Hoeven.

The Republican said Friday that he did not know about the bill until The Associated Press asked about it. Hoeven says he has stayed out of discussions about it.

Supporters believe the Minot facility will reduce shipping costs and increase markets for the state's commodities. Critics say the funding is a waste of taxpayer money.

The legislation seeks to provide $1.8 million for track improvements and $8.2 million that would be funneled to a trio of banks that acquired the facility through foreclosure.

Credits

JAMES MacPHERSON, Associated Press

Copyright 2021 The Associated Press. All rights reserved.

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