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MN HF4

MN HF4
Commerce finance and policy bill.

summary

Introduced
06/09/2025
In Committee
Crossed Over
06/09/2025
Passed
06/14/2025
Dead
Signed/Enacted/Adopted
06/14/2025

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 commerce and consumer protection activities for fiscal years 2026 and 2027, and makes various changes to laws governing financial institutions, insurance, and commerce policy. * **Department of Commerce:** * Financial Institutions: $3,035,000 each year, including $400,000 each year 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 programs including unclaimed property modernization, senior fraud prevention, operating the Prescription Drug Affordability Board, and copper metal licensing. * Enforcement: $8,098,000 each year, from the General Fund and the Workers' Compensation Fund, for activities including operating the Mental Health Parity and Substance Abuse Accountability Office and maintaining a student loan advocate position. * Telecommunications: $3,235,000 each year, from the General Fund and the Telecommunications Access Minnesota Fund, for transfers to support services for the deaf, deafblind, and hard-of-hearing community, technology accessibility, and legislative captioning. * Insurance: $13,753,000 in fiscal year 2026 and $13,483,000 in fiscal year 2027, from the General Fund and the Workers' Compensation Fund, for activities related to health plan options, mandated health benefits, and insurance legislator dues. * 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:** $33,443,000 in fiscal year 2026 and $36,350,000 in fiscal year 2027, for testing, laboratory operations, and cannabis industry community renewal grants. The bill also includes numerous policy changes related to financial institutions, insurance, Medicare supplement insurance, reinsurance, and various commerce and consumer protection matters, including updates to statutes regarding interest rates, insurance policy provisions, data sharing, and fees.

Sponsors (2)

Last Action

Secretary of State Chapter 4 (on 06/14/2025)
(1 Companion Bills)

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