Gov. Noem calls for immediate review of state investments
PIERRE, S.D. — On Thursday, Governor Kristi Noem called for an immediate review of all investments under the control of the South Dakota Investment Council in order to determine if taxpayer dollars are being invested in companies that pose a potential threat to national security.
In addition, Gov. Noem is calling on the Investment Council to complete the review in seven days.
“South Dakotans deserve to know if their taxpayer dollars are being invested to benefit the Chinese Communist Party,” Gov. Noem said. “The Investment Council has ensured that South Dakota has the best-funded pension in the country. But it is not possible to make good deals with bad people. If this review shows that such investment is taking place, then the Investment Council should propose alternative investment options.”
Last week, Governor Noem signed an Executive Order banning TikTok for South Dakota state government.