SF2216 (Legislative Session 94 (2025-2026))
Omnibus Commerce and Consumer Protections policy and appropriations
Related bill: HF2443
AI Generated Summary
This bill, Minnesota Senate File No. 2216, concerns commerce and energy policies, establishing a biennial budget for fiscal years 2026 and 2027. The bill includes provisions related to consumer lending, insurance, renewable energy, electric vehicle infrastructure, cannabis industry regulations, and administrative rulemaking, as well as appropriations and assessments for various programs.
Key Aspects of the Bill:
Commerce and Energy Budget:
- Allocates funding for the Department of Commerce to support financial institutions, enforcement, telecommunications, insurance, and weights & measures.
- Includes specific allocations for financial inclusion initiatives, consumer protection programs, cybersecurity upgrades, health plan evaluations, and law enforcement salaries.
Regulations on Consumer Loans and Lending:
- Modifies provisions regarding small loans and lending practices to better protect consumers.
Health and Insurance Provisions:
- Updates the Minnesota Premium Security Plan and health plan requirements.
- Includes funding for the Prescription Drug Affordability Board and health plan compliance reviews.
Energy and Conservation Policies:
- Revises statutes related to renewable energy, energy efficiency, and electric vehicle supply equipment regulations.
Cannabis Industry Oversight:
- Allocates $15 million annually for Cannabis Industry Community Renewal Grants.
- Provides $1 million annually to the CanGrow Revolving Loan Account for business support.
- Authorizes the Office of Cannabis Management to reallocate salary and administrative funds internally.
Transfers and Appropriations:
- Includes provisions for government agency transfers, ensuring flexibility in budget execution.
- The bill updates Laws 2023, Chapter 63, modifying the base appropriations for the Office of Cannabis Management in future fiscal years.
Overall, the bill establishes funding and regulatory updates for key areas within commerce, energy, and cannabis oversight while ensuring consumer protection and financial stability measures.
Past committee meetings
- Commerce and Consumer Protection on: March 18, 2025 12:30
- Commerce and Consumer Protection on: April 08, 2025 12:30
- Commerce and Consumer Protection on: April 10, 2025 12:30
- Finance on: April 21, 2025 12:00
Actions
Date | Chamber | Where | Type | Name | Committee Name |
---|---|---|---|---|---|
March 06, 2025 | Senate | Floor | Action | Introduction and first reading | |
March 06, 2025 | Senate | Floor | Action | Referred to | Commerce and Consumer Protection |
April 10, 2025 | Senate | Floor | Action | Comm report: To pass as amended and re-refer to | Finance |
April 22, 2025 | Senate | Floor | Action | Comm report: To pass as amended | |
April 22, 2025 | Senate | Floor | Action | Second reading | |
April 23, 2025 | Senate | Floor | Action | Special Order: Amended | |
April 23, 2025 | Senate | Floor | Action | Third reading Passed as amended | |
April 23, 2025 | Senate | Floor | Action | Reconsidered | |
April 23, 2025 | Senate | Floor | Action | Third Reading Repassed | |
April 24, 2025 | House | Floor | Action | Received from Senate | |
April 24, 2025 | House | Floor | Action | Senate file first reading, referred to | Ways and Means |
April 25, 2025 | House | Floor | Action | Committee report, to adopt as amended | |
April 25, 2025 | House | Floor | Action | Second reading | |
April 28, 2025 | House | Floor | Action | House rule 1.21, placed on Calendar for the Day | |
April 29, 2025 | House | Floor | Action | Third reading | |
April 29, 2025 | House | Floor | Action | Bill was passed | |
April 30, 2025 | Senate | Floor | Action | Returned from House with amendment | |
April 30, 2025 | Senate | Floor | Action | Laid on table | |
May 01, 2025 | Senate | Floor | Action | Taken from table | |
May 01, 2025 | Senate | Floor | Action | Senate not concur, conference committee of 3 requested | |
May 01, 2025 | Senate | Floor | Action | Senate conferees | |
May 05, 2025 | House | Floor | Action | Senate refuses to concur, conference committee requested | |
May 05, 2025 | House | Floor | Action | Senate refuses to concur, conference committee of 3 requested | |
May 05, 2025 | House | Floor | Action | Senate conferees | |
May 05, 2025 | House | Floor | Action | House accedes, conference committee of 4 to be appointed | |
May 05, 2025 | House | Floor | Action | House conferees | |
May 06, 2025 | Senate | Floor | Action | House conferees | |
Senate | Note | Action | Joint rule 3.02, conference committee discharged | ||
Senate | Floor | Action | Laid on table |
Citations
[ { "analysis": { "added": [ "Provision for new enforcement powers." ], "removed": [ "" ], "summary": "This bill modifies enforcement and investigation responsibilities for financial institutions under section 45.027.", "modified": [ "Procedures for handling consumer complaints adjusted." ] }, "citation": "45.027", "subdivision": "subdivisions 1, 2" }, { "analysis": { "added": [ "Clarification on renewal procedures." ], "removed": [ "" ], "summary": "This bill addresses adjustments to the registration requirements for financial service providers under section 45.24.", "modified": [ "Updated fee structure for registration." ] }, "citation": "45.24", "subdivision": "" }, { "analysis": { "added": [ "New disclosure requirements for loan agreements." ], "removed": [ "Old penalties for non-compliance." ], "summary": "This legislation modifies banking and financial regulations under section 47.20.", "modified": [ "Redefines interest rate calculation methods." ] }, "citation": "47.20", "subdivision": "subdivisions 2, 4a, 8" }, { "analysis": { "added": [ "" ], "removed": [ "" ], "summary": "Modifications to electronic fund transfers are addressed under section 53B.61.", "modified": [ "Updated requirements for security protocols." ] }, "citation": "53B.61", "subdivision": "" }, { "analysis": { "added": [ "Clarification on operational hours." ], "removed": [ "" ], "summary": "Regulations around safe deposit boxes are amended in section 55.07.", "modified": [ "Fee structure updated for safe deposit box rental." ] }, "citation": "55.07", "subdivision": "" }, { "analysis": { "added": [ "Consumer protection measures enhanced." ], "removed": [ "" ], "summary": "Consumer loan provisions are adjusted under section 58B.02.", "modified": [ "Alteration in loan processing timelines." ] }, "citation": "58B.02", "subdivision": "subdivision 8a" }, { "analysis": { "added": [ "New subsection on policyholder rights." ], "removed": [ "" ], "summary": "Insurance regulations for consumer disclosures are updated in section 60A.201.", "modified": [ "Enhancement of policy disclosure requirements." ] }, "citation": "60A.201", "subdivision": "subdivision 2" }, { "analysis": { "added": [ "Expansion of coverage definitions." ], "removed": [ "" ], "summary": "Insurance coverage stipulations are revised under section 60C.09.", "modified": [ "Adjustment in terms of coverage duration." ] }, "citation": "60C.09", "subdivision": "subdivision 2" }, { "analysis": { "added": [ "Introduction of notification requirements for large transactions." ], "removed": [ "" ], "summary": "Regulation of insurer transactions are revisited under section 60D.09.", "modified": [ "Procedures for interfacing with regulatory bodies." ] }, "citation": "60D.09", "subdivision": "" }, { "analysis": { "added": [ "New guidelines for preventive service coverage." ], "removed": [ "" ], "summary": "Health care policy requirements are modified under section 62A.31.", "modified": [ "Amended documentation requirements for claims." ] }, "citation": "62A.31", "subdivision": "subdivisions 1r, 1w" }, { "analysis": { "added": [ "" ], "removed": [ "" ], "summary": "This bill addresses biofuel content standards under section 239.791.", "modified": [ "Adjustment in biofuel blend requirements." ] }, "citation": "239.791", "subdivision": "subdivision 8" }, { "analysis": { "added": [ "A new program of grants for community projects." ], "removed": [ "" ], "summary": "Cannabis industry community support grants are defined under section 342.70.", "modified": [ "Set new rules for grant application processes." ] }, "citation": "342.70", "subdivision": "" }, { "analysis": { "added": [ "Transfer provisions for community projects." ], "removed": [ "" ], "summary": "Telecommunications infrastructure funding appropriations under section 237.52.", "modified": [ "Realignment of fund usage priorities." ] }, "citation": "237.52", "subdivision": "subdivision 1" } ]