The bill S.F. No. 2744 seeks to enhance the operations of the Minnesota Department of Commerce by establishing a biennial budget and introducing various provisions related to insurance, commerce, and consumer protection. Key features include the creation of a Prescription Drug Affordability Board, a student loan advocate position, and regulations for virtual currency activities. The bill also addresses price gouging by pharmaceutical manufacturers, mandates reports on retail sales of gasoline and biofuel, and includes appropriations for programs aimed at financial inclusion and fraud prevention. Significant funding allocations include $400,000 annually for a financial services inclusion program and $568,000 in the first year for the Prescription Drug Affordability Board.

Additionally, the bill amends existing laws regarding insurance policies, particularly concerning prohibited exclusions in boat insurance and Medicare supplement policies. It introduces new definitions and requirements for insurance filings, enhances transparency, and mandates annual reporting from grant-receiving organizations. The legislation also establishes guidelines for managing prescription drug pricing, including the prohibition of excessive price increases and the establishment of a framework for regulating generic and off-patent drugs. Overall, the bill aims to improve consumer protection, financial stability, and regulatory oversight within Minnesota's commerce sector, with various provisions set to take effect between January 1, 2024, and August 1, 2025.

Statutes affected:
Introduction: 62D.02, 62D.095, 62Q.46, 62Q.81, 46.131, 216B.62, 216C.264, 216C.375
1st Engrossment: 60A.14, 62A.152, 62D.02, 62D.095, 62K.10, 62Q.19, 62Q.46, 62Q.47, 62Q.81, 151.071, 256B.0631, 256L.03, 46.131, 239.791
2nd Engrossment: 60A.14, 62A.152, 62D.02, 62D.095, 62K.10, 62Q.19, 62Q.46, 62Q.47, 62Q.81, 151.071, 256B.0631, 256L.03, 46.131, 239.791
3rd Engrossment: 60A.14, 62A.152, 62D.02, 62D.095, 62K.10, 62Q.19, 62Q.46, 62Q.47, 62Q.81, 151.071, 256B.0631, 256L.03, 46.131, 239.791
4th Engrossment: 60A.08, 60A.14, 61A.031, 61A.60, 62A.152, 62A.3099, 62A.31, 62A.44, 62D.02, 62D.095, 62J.26, 62K.10, 62Q.096, 62Q.19, 62Q.46, 62Q.47, 62Q.735, 62Q.76, 62Q.78, 62Q.81, 65B.49, 151.071, 256B.0631, 256B.69, 256L.03, 46.131, 47.0153, 47.59, 47.60, 47.601, 53.04, 56.131, 80A.50, 48.10, 53C.01, 53C.08, 80E.041, 325D.01, 325D.44, 325D.71, 325E.31, 325F.662, 325F.6641, 325F.69, 325G.051, 103G.291, 237.066, 239.791, 327C.015, 327C.04, 515B.3
1st Unofficial Engrossment: 60A.08, 60A.14, 61A.031, 61A.60, 62A.152, 62A.3099, 62A.31, 62A.44, 62D.02, 62D.095, 62J.26, 62K.10, 62Q.096, 62Q.19, 62Q.46, 62Q.47, 62Q.735, 62Q.76, 62Q.78, 62Q.81, 65B.49, 151.071, 256B.0631, 256B.69, 256L.03, 46.131, 47.0153, 47.59, 47.60, 47.601, 53.04, 56.131, 80A.50, 48.10, 53C.01, 53C.08, 80E.041, 325D.01, 325D.44, 325D.71, 325E.31, 325E.66, 325F.662, 325F.6641, 325F.69, 325F.70, 325G.051, 103G.291, 237.066, 239.791, 327C.015, 327C.04, 515B.3
2nd Unofficial Engrossment: 60A.08, 60A.14, 61A.031, 61A.60, 62A.152, 62A.3099, 62A.31, 62A.44, 62D.02, 62D.095, 62J.26, 62K.10, 62Q.096, 62Q.19, 62Q.46, 62Q.47, 62Q.735, 62Q.76, 62Q.78, 62Q.81, 65B.49, 151.071, 256B.0631, 256B.69, 256L.03, 46.131, 47.0153, 47.59, 47.60, 47.601, 53.04, 56.131, 80A.50, 48.10, 53C.01, 53C.08, 80E.041, 325D.01, 325D.44, 325D.71, 325E.31, 325E.66, 325F.662, 325F.6641, 325F.69, 325F.70, 325G.051, 103G.291, 237.066, 239.791, 327C.015, 327C.04, 515B.3
CCR-SF2744: 60A.08, 60A.14, 61A.031, 61A.60, 62A.152, 62A.3099, 62A.31, 62A.44, 62D.02, 62D.095, 62J.26, 62K.10, 62Q.096, 62Q.19, 62Q.46, 62Q.47, 62Q.735, 62Q.76, 62Q.78, 62Q.81, 65B.49, 151.071, 256B.0631, 256B.69, 256L.03, 46.131, 47.0153, 47.59, 47.60, 47.601, 53.04, 56.131, 80A.50, 48.10, 53C.01, 53C.08, 80E.041, 325D.01, 325D.44, 325D.71, 325E.31, 325F.662, 325F.6641, 325F.69, 325G.051, 103G.291, 237.066, 239.791, 327C.015, 327C.04, 515B.3
1st Engrossment: 60A.14, 62A.152, 62D.02, 62D.095, 62K.10, 62Q.19, 62Q.46, 62Q.47, 62Q.81, 151.071, 256B.0631, 256L.03, 46.131, 239.791
2nd Engrossment: 60A.14, 62A.152, 62D.02, 62D.095, 62K.10, 62Q.19, 62Q.46, 62Q.47, 62Q.81, 151.071, 256B.0631, 256L.03, 46.131, 239.791
3rd Engrossment: 60A.14, 62A.152, 62D.02, 62D.095, 62K.10, 62Q.19, 62Q.46, 62Q.47, 62Q.81, 151.071, 256B.0631, 256L.03, 46.131, 239.791
1st Unofficial Engrossment: 60A.08, 60A.14, 61A.031, 61A.60, 62A.152, 62A.3099, 62A.31, 62A.44, 62D.02, 62D.095, 62J.26, 62K.10, 62Q.096, 62Q.19, 62Q.46, 62Q.47, 62Q.735, 62Q.76, 62Q.78, 62Q.81, 65B.49, 151.071, 256B.0631, 256B.69, 256L.03, 46.131, 47.0153, 47.59, 47.60, 47.601, 53.04, 56.131, 80A.50, 48.10, 53C.01, 53C.08, 80E.041, 325D.01, 325D.44, 325D.71, 325E.31, 325E.66, 325F.662, 325F.6641, 325F.69, 325F.70, 325G.051, 103G.291, 237.066, 239.791, 327C.015, 327C.04, 515B.3