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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 covers a wide range of commerce, finance, and policy provisions. Here's a summary: This bill provides comprehensive appropriations and policy changes across several areas of commerce and insurance. For the Department of Commerce, it appropriates approximately $42.3 million in fiscal year 2026 and $42.9 million in fiscal year 2027, with funds allocated to various divisions including Financial Institutions, Administrative Services, Enforcement, Telecommunications, Insurance, and Weights and Measures. The bill also appropriates $33.4 million in fiscal year 2026 and $36.3 million in fiscal year 2027 to the Office of Cannabis Management, with specific allocations for testing products, community renewal grants, and a revolving loan account. The bill makes numerous technical amendments to existing statutes, including changes to financial institutions regulations, insurance holding company systems, Medicare supplement insurance, and various consumer protection policies. Key provisions include: 1. Establishing a Common Interest Community Ombudsperson within the Department of Commerce to assist unit owners and associations in understanding rights and resolving disputes. 2. Creating a task force to evaluate issues related to homeowners and commercial property insurance affordability. 3. Modifying regulations for investment advisers, including new filing requirements and fees. 4. Updating standards for gasoline and ethanol blending, electric vehicle charging equipment, and firefighting foam restrictions. 5. Implementing a new assessment on group health carriers to support the Minnesota Premium Security Plan. 6. Adding new requirements for water availability at places of entertainment and modifications to club membership termination rules. The bill also includes various technical corrections, fee adjustments, and administrative changes across multiple state agencies and regulatory areas. It represents a comprehensive approach to updating and refining Minnesota's commerce and insurance regulations.

Sponsors (2)

Last Action

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

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