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SF2216 (Legislative Session 94 (2025-2026))

Commerce appropriations and provisions modifications

Related bill: HF2443

AI Generated Summary

The bill, S.F. No. 2216, is a commerce-related budget and regulatory bill in Minnesota. It establishes the biennial budget for commerce and energy for fiscal years 2026 and 2027, appropriating funds for various state programs and regulatory activities.

Key Provisions:

  1. Budget Appropriations:

    • Allocates funding to the Department of Commerce, covering financial institutions, administrative services, enforcement, telecommunications, insurance, and weights and measures.
    • Provides specific funding amounts for each sector and outlines allocations for grants, law enforcement salaries, cybersecurity, and regulatory activities.

  2. Consumer Lending & Loan Provisions:

    • Modifies state laws governing consumer small loans and lending practices, likely introducing new consumer protections or regulatory measures.

  3. Minnesota Premium Security Plan:

    • Updates provisions related to Minnesota's health insurance reinsurance program, which helps stabilize the health insurance market by managing high-cost claims.

  4. Energy & Renewable Policy Updates:

    • Revises regulations related to renewable energy, energy conservation, and energy efficiency.
    • Establishes oversight for retail electric vehicle charging stations.

  5. Cannabis Regulation:

    • Adjusts licensing requirements for certain cannabis businesses.
    • Allocates $15 million per year for cannabis industry community renewal grants under the Office of Cannabis Management.
    • Transfers $1 million per year to the CanGrow revolving loan account to support cannabis-related businesses.
    • Grants authority for the Office of Cannabis Management to transfer funds within programs for administrative flexibility.

  6. New Assessments & Fees:

    • Imposes assessments and fees to support various regulatory activities.

  7. Administrative Rulemaking Authority:

    • Grants administrative rulemaking powers to state agencies overseeing financial services, energy, healthcare, and cannabis businesses.

This bill is a comprehensive finance and regulatory measure, focusing on funding state commerce functions, updating lending laws, supporting renewable energy initiatives, and expanding cannabis oversight while enhancing consumer protections and administrative efficiency.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 05, 2025SenateFloorActionIntroduction and first reading
March 05, 2025SenateFloorActionReferred toCommerce and Consumer Protection

Citations

 
[
  {
    "analysis": {
      "added": [
        "A new subsection clarifying disbursement rules."
      ],
      "removed": [
        "Eliminates previous requirement for municipal matching funds."
      ],
      "summary": "This bill modifies pension fund eligibility for volunteer firefighters under section 353G.06.",
      "modified": [
        "Adjusts pension payment schedule from annual to quarterly."
      ]
    },
    "citation": "353G.06"
  },
  {
    "analysis": {
      "added": [
        "A new subdivision related to interest caps."
      ],
      "summary": "Modifications to the consumer lending provisions.",
      "modified": [
        "Adjustments to the existing subdivisions 1, 3, 4, 5, and 8."
      ]
    },
    "citation": "47.60"
  },
  {
    "analysis": {
      "summary": "Changes to additional consumer financial protections.",
      "modified": [
        "Updates to subdivisions 1, 5a, and 7."
      ]
    },
    "citation": "47.601"
  },
  {
    "analysis": {
      "added": [
        "New rules for contribution rates."
      ],
      "summary": "Amendment by adding a new subdivision to the premium security plan."
    },
    "citation": "62E.21"
  },
  {
    "analysis": {
      "summary": "Updates to the subdivision about plan eligibility and participation.",
      "modified": [
        "Changes to subdivisions 1, 2, and 3."
      ]
    },
    "citation": "62E.23"
  },
  {
    "analysis": {
      "summary": "This bill modifies provisions regarding plan operation under 62E.24.",
      "modified": [
        "Subdivision modifications include clearer operational guidelines."
      ]
    },
    "citation": "62E.24"
  },
  {
    "analysis": {
      "added": [
        "Provides additional regulatory detail."
      ],
      "summary": "A new subdivision added to section 62E.25."
    },
    "citation": "62E.25"
  },
  {
    "analysis": {
      "added": [
        "New reporting obligations for businesses."
      ],
      "summary": "Addition of a new subdivision possibly related to financial reporting requirements."
    },
    "citation": "80A.65"
  },
  {
    "analysis": {
      "summary": "Provisions related to renewable energy adjusted.",
      "modified": [
        "Updates reflect changes in energy funding."
      ]
    },
    "citation": "116C.7792"
  },
  {
    "analysis": {
      "summary": "Modifications in sections regarding energy conservation.",
      "modified": [
        "Updates to procedures and definitions."
      ]
    },
    "citation": "216C.09"
  },
  {
    "analysis": {
      "summary": "Changes in the telecommunications access Minnesota fund management.",
      "modified": [
        "Subdivision 1 updated for fund allocation."
      ]
    },
    "citation": "237.52"
  },
  {
    "analysis": {
      "summary": "Amendments regarding insurance fraud prevention.",
      "modified": [
        "Updated regulatory expectations in subdivision 6."
      ]
    },
    "citation": "45.0135"
  },
  {
    "analysis": {
      "added": [
        "New evaluation criteria and process."
      ],
      "summary": "Evaluation mandates for health benefit legislation."
    },
    "citation": "62J.26"
  },
  {
    "analysis": {
      "summary": "Adjustments to gasoline and biofuels reporting requirements.",
      "modified": [
        "Subdivision 8 amended for clarity."
      ]
    },
    "citation": "239.791"
  }
]

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