AI Generated Summary
Purpose of the Bill
The purpose of this bill is to establish a biennial (two-year) budget for Minnesota's commerce and energy sectors and make changes to various existing provisions related to small consumer loans, renewable energy, cannabis licenses, and more. The bill also includes provisions for new appropriations to several departments and introduces new regulations and requirements, such as those for electric vehicle supply installations and health care benefits.
Main Provisions
- Budget Appropriations: The bill sets out specific appropriations for the Department of Commerce and other relevant agencies for the fiscal years 2026 and 2027.
- Consumer Loans: Modifications are made to the rules around consumer small loans, which may include interest rates and lending practices.
- Premium Security Plan: Changes are made to the Minnesota premium security plan, potentially affecting health insurance coverage and market stability.
- Renewable Energy and Efficiency: Updates provisions governing renewable energy sources and implements new guidelines for energy conservation and efficiency.
- Electric Vehicle Supply Equipment: Establishes new regulations for businesses and retailers regarding the installation and operation of electric vehicle charging stations.
- Cannabis Industry Revitalization: Allocates funds for cannabis industry community renewal grants and the CanGrow loan program to support industry growth and sustainability.
- Health Benefits: Initiates the creation of new positions and offices to ensure better oversight of health plans and their compliance with state laws, including mental health parity and the evaluation of mandated health benefits.
Significant Changes
- Consumer Protection and Financial Inclusion: The bill funds programs to help low-income populations with financial stability, including savings and credit building.
- Cybersecurity Upgrades: Provides funding for cybersecurity and system modernization efforts in the Department of Commerce.
- Worker Protection: Enhancements are introduced for the oversight of worker benefits, such as workers' compensation and family medical benefits.
- Law Enforcement: Additional funds are allocated for peace officers and fraud prevention.
Relevant Terms
- Appropriations
- Consumer small loans
- Renewable energy
- Electric vehicle supply equipment
- Cannabis licenses
- Premium security plan
- Financial inclusion
- Cybersecurity
- Workers compensation
- Health plan compliance
Past committee meetings
- Ways and Means on: April 23, 2025 00:30
- Ways and Means on: April 23, 2025 12:30
- Ways and Means on: April 24, 2025 12:30
- Ways and Means on: May 02, 2025 11:00
- Finance on: May 08, 2025 10:30
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| May 07, 2025 | Senate | Floor | Action | Received from House | |
| May 07, 2025 | Senate | Floor | Action | Introduction and first reading | |
| May 07, 2025 | Senate | Floor | Action | Introduction and first reading | |
| May 07, 2025 | Senate | Floor | Action | Referred to | Finance |
| May 07, 2025 | Senate | Floor | Action | Referred to | Finance |
| May 08, 2025 | Senate | Floor | Action | Comm report: To pass as amended | |
| May 08, 2025 | Senate | Floor | Action | Comm report: To pass as amended | |
| May 08, 2025 | Senate | Floor | Action | Second reading | |
| May 08, 2025 | Senate | Floor | Action | Second reading | |
| May 09, 2025 | Senate | Floor | Action | Special Order: Amended | |
| May 09, 2025 | Senate | Floor | Action | Special Order: Amended | |
| May 09, 2025 | Senate | Floor | Action | Laid on table | |
| May 09, 2025 | Senate | Floor | Action | Laid on table | |
| May 09, 2025 | Senate | Floor | Action | Motion did not prevail | |
| May 12, 2025 | House | Floor | Action | Returned from Senate with amendment | |
| May 12, 2025 | Senate | Floor | Action | Taken from table | |
| May 12, 2025 | House | Floor | Action | House refuses to concur, conference committee of 4 requested | |
| May 12, 2025 | Senate | Floor | Action | Special Order | |
| May 12, 2025 | House | Floor | Action | House conferees | |
| May 12, 2025 | Senate | Floor | Action | Reconsidered | |
| May 12, 2025 | Senate | Floor | Action | Third reading Passed | |
| May 13, 2025 | Senate | Floor | Action | House not concur, conference committee requested | |
| May 13, 2025 | Senate | Floor | Action | House conferees | |
| May 13, 2025 | Senate | Floor | Action | Senate accedes, CC of 3 be appointed | |
| May 14, 2025 | House | Floor | Action | Senate accedes, conference committee of 3 be appointed | |
| May 14, 2025 | House | Floor | Action | Senate conferees | |
| May 14, 2025 | Senate | Floor | Action | Senate conferees | |
| House | Floor | Action | Joint rule 3.02(b), Odd Year adjournment, bill returned to | Ways and Means | |
| Senate | Note | Action | Joint rule 3.02, conference committee discharged | ||
| Senate | Floor | Action | Bill laid on table in House |
Citations
[
{
"analysis": {
"added": [
"A new subdivision related to loan terms."
],
"removed": [],
"summary": "Modifying provisions governing consumer small loans and lending under section 47.60.",
"modified": [
"Adjustments to interest rate cap and disclosure requirements."
]
},
"citation": "47.60",
"subdivision": "subdivisions 1, 3, 4, 5, 8"
},
{
"analysis": {
"added": [
"Clarification on digital services provision."
],
"removed": [],
"summary": "Adjustments to provisions concerning financial institution operations.",
"modified": [
"Updating compliance reporting requirements."
]
},
"citation": "47.601",
"subdivision": "subdivisions 1, 5a, 7"
},
{
"analysis": {
"added": [
"Details on underwriting standards clarified."
],
"removed": [],
"summary": "Amending provisions of the Minnesota premium security plan.",
"modified": []
},
"citation": "62E.21",
"subdivision": "by adding a subdivision"
},
{
"analysis": {
"added": [
"Inclusion of mental health coverage under regulation."
],
"removed": [],
"summary": "Adjustments to premium rates and conditions.",
"modified": [
"Rate review procedures clarified."
]
},
"citation": "62E.23",
"subdivision": "subdivisions 1, 2, 3"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Modifications in the application of insurance protections.",
"modified": [
"Provisions for consumer notification updated."
]
},
"citation": "62E.24",
"subdivision": "subdivisions 1, 2"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Changes to the assessment of premiums.",
"modified": [
"Terms of premium obligation clarified."
]
},
"citation": "62E.25",
"subdivision": "subdivision 1"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Revisions related to security regulations.",
"modified": [
"Clarifications on trading restrictions."
]
},
"citation": "80A.58",
"subdivision": ""
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Provisions involving transfers to the insurance fraud prevention account.",
"modified": [
"Clarified procedural requirements for transfers."
]
},
"citation": "45.0135",
"subdivision": "subdivision 6"
},
{
"analysis": {
"added": [
"Position responsibilities outlined."
],
"removed": [],
"summary": "Creation of a student loan advocate position.",
"modified": []
},
"citation": "58B.011",
"subdivision": ""
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Establishment of the Prescription Drug Affordability Board.",
"modified": [
"Board's operational guidelines clarified."
]
},
"citation": "62J.87",
"subdivision": ""
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Report on intermediate blends of gasoline and biofuels.",
"modified": [
"Frequency of reporting updated."
]
},
"citation": "239.791",
"subdivision": "subdivision 8"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Provisions for telecommunications access funding.",
"modified": [
"Adjustments to funding allocation procedures."
]
},
"citation": "237.52",
"subdivision": "subdivision 1"
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Procedures related to financial transfers and appropriations.",
"modified": [
"Clarified guidelines for fund transfers."
]
},
"citation": "16A.281",
"subdivision": ""
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Evaluation of new mandated health benefits.",
"modified": [
"Procedures for health benefit evaluation updated."
]
},
"citation": "62J.26",
"subdivision": ""
},
{
"analysis": {
"added": [],
"removed": [],
"summary": "Compliance requirements for health plan companies.",
"modified": [
"Updated the compliance assessment criteria."
]
},
"citation": "62Q.47",
"subdivision": "paragraph h"
}
]Progress through the legislative process
Passed Chamber