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Minnesota2026Passed Legislature

HF4188

Commerce Policy Bill (HF4188)

Last scannedAug 22, 2026, 3:39 AM

In one sentence

This bill changes Minnesota laws about consumer protection, banking rules, insurance, and gambling while removing one advisory council.

What it does

  • Increases the cap on money from legal cases that goes into a special account for helping consumers to $10 million per year.
  • Sets new limits on how much compensation eligible consumers can receive from the state fund based on their unpaid amounts.
  • Adds residential mortgage originators and servicers to the list of institutions supervised by the commissioner of commerce.
  • Eliminates the prescription drug affordability advisory council.
  • Makes various technical changes to laws covering financial products, insurance, weights and measures, and lawful gambling.

Who it affects

  • Consumers who receive compensation from state enforcement actions
  • Banks, savings associations, trust companies, and mortgage lenders in Minnesota
  • The commissioner of commerce and the attorney general's office
  • Entities involved with insurance, securities, unclaimed property, and gambling

Limits and unknowns

  • The bill text provided is incomplete, so some specific changes to insurance, gambling, and other areas are not fully described.
  • The effective date of the law is listed as blank in the official metadata.
  • Details on how reports required by this bill will be created or shared are not included in the excerpt.

Plain language

Terms to know

Consumer enforcement public compensation
Money paid to consumers who were harmed in cases handled by the attorney general.
Residential mortgage originators and servicers
Businesses that create or manage home loans for people buying houses.

Official record

Sources

Validated
Official bill pageIntroduced textOfficial digestCurrent bill textStored full record

Official summary

Commerce policy bill.

Official activity

Bill history

  1. Presented to Governor 05/20/2026House
  2. Presentment date 05/20/26Senate
  3. Senate adopted conference committee report, bill repassedHouse
  4. House adopted HCC report and repassed billSenate
  5. Conference committee report, delete everythingHouse
  6. Senate accedes, conference committee of 4 be appointedHouse
  7. House not concur, conference committee requestedSenate
  8. Returned from Senate with amendmentHouse
  9. Special Order: AmendedSenate
  10. Comm report: Rule 45-amend, subst. General Orders SF4365Senate
  11. Received from HouseSenate
  12. AmendedHouse
  13. House rule 1.21, placed on Calendar for the Day 04/23/2026House
  14. Committee report, to adopt as amendedHouse
  15. Introduction and first reading, referred to Commerce Finance and PolicyHouse