summary
Introduced
06/09/2025
06/09/2025
In Committee
Crossed Over
Passed
Dead
06/10/2024
06/10/2024
Introduced Session
94th Legislature 2025 1st Special Session
Bill Summary
A bill for an act relating to commerce; establishing a budget for the Department of Commerce; appropriating and transferring money for other commerce and Office of Cannabis Management activities; adding, modifying, and eliminating various provisions governing financial institutions, insurance, insurance holding companies, Medicare supplement insurance, reinsurance, and commerce and consumer protection policy; modifying certain fees; authorizing administrative rulemaking; classifying certain data; requiring reports; making technical and conforming changes; amending Minnesota Statutes 2024, sections 41A.09, subdivision 2a; 45.027, subdivisions 1, 2, by adding a subdivision; 45.24; 46A.04; 47.20, subdivisions 2, 4a, 8; 47.77; 53B.61; 55.07, by adding a subdivision; 58B.02, subdivision 8a; 60A.052, subdivision 1; 60A.201, subdivision 2, by adding a subdivision; 60D.09, by adding a subdivision; 60D.15, subdivisions 4, 7, by adding subdivisions; 60D.16, subdivision 2; 60D.17, subdivision 1; 60D.18, subdivision 3; 60D.19, subdivision 4, by adding subdivisions; 60D.20, subdivision 1; 60D.217; 60D.22, subdivisions 1, 3, 6, by adding a subdivision; 60D.24, subdivision 2; 60D.25; 62A.31, subdivisions 1b, 1f, 1h, 1p, 1r, 1u, 4; 62A.44, subdivision 2; 62A.65, subdivisions 1, 2, by adding a subdivision; 62D.12, subdivisions 2, 2a; 62D.121, subdivision 1; 62D.221, by adding a subdivision; 62E.21, by adding subdivisions; 62E.23, subdivisions 2, 3, by adding subdivisions; 62E.24, subdivisions 1, 2; 62E.25, subdivision 1; 62J.26, subdivision 3, by adding a subdivision; 62Q.73, subdivision 4; 62V.06, subdivision 5; 65B.02, subdivision 7; 65B.05; 65B.06, subdivisions 1, 2, 3; 65B.10, subdivision 2; 72A.20, by adding a subdivision; 80A.58; 80A.65, subdivision 2, by adding a subdivision; 80A.66; 80E.12; 82.63, subdivision 2; 82B.19, subdivision 5; 168.27, by adding a subdivision; 216B.40; 216B.62, by adding a subdivision; 239.761, subdivisions 3, 4, 5, 6; 239.791, subdivision 11; 296A.01, subdivisions 20, 23, 24; 297I.20, by adding a subdivision; 297I.40, by adding a subdivision; 325E.3892, subdivisions 1, 2; 325F.072, subdivision 3; 325G.24, subdivision 2; 334.01, subdivision 2; 550.136, subdivision 3; 551.06, subdivision 3; 571.922; Laws 2023, chapter 63, article 9, section 5; proposing coding for new law in Minnesota Statutes, chapters 45; 60D; 216B; 237; 239; 325F; repealing Laws 2023, chapter 57, article 2, sections 13, as amended; 66, as amended. 1
AI Summary
This bill appropriates funds for the Department of Commerce and the Office of Cannabis Management for the fiscal years 2026 and 2027, and makes various changes to commerce and consumer protection policies.
* **Department of Commerce:**
* Total appropriation: $42,318,000 in fiscal year 2026 and $42,905,000 in fiscal year 2027.
* **Financial Institutions:** $3,035,000 each year, including $400,000 for a grant to Prepare and Prosper for a financial inclusion program and $543,000 each year for additional examiner positions.
* **Administrative Services:** $11,300,000 in fiscal year 2026 and $11,978,000 in fiscal year 2027, for various purposes including unclaimed property program modernization, cybersecurity upgrades, senior fraud prevention, and operating the Prescription Drug Affordability Board.
* **Enforcement:** $8,098,000 each year, including funds for the Mental Health Parity and Substance Abuse Accountability Office and a student loan advocate position.
* **Telecommunications:** $3,235,000 each year, including transfers to the Department of Human Services for the Commission of Deaf, DeafBlind, and Hard-of-Hearing, and to the Chief Information Officer for technology accessibility.
* **Insurance:** $13,753,000 in fiscal year 2026 and $13,483,000 in fiscal year 2027, for various insurance-related activities, including advancing standardized health plan options and evaluating health benefit mandates.
* **Weights and Measures Division:** $2,897,000 in fiscal year 2026 and $3,076,000 in fiscal year 2027, for scale and packaging inspections.
* **Office of Cannabis Management:**
* Total appropriation: $33,443,000 in fiscal year 2026 and $36,350,000 in fiscal year 2027.
* Includes funding for testing regulated products, operating a state reference laboratory, and cannabis industry community renewal grants.
The bill also includes numerous policy changes related to financial institutions, insurance, insurance holding company systems, Medicare supplement insurance, reinsurance, and various consumer protection matters. These changes include updates to definitions, licensing requirements, disclosure rules, and the establishment of new programs and task forces.
Sponsors (1)
Last Action
Laid on table (on 06/09/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0004&ssn=1&y=2025 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=SF4&version=0&session=ls94&session_year=2025&session_number=1&format=pdf |
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