The Minnesota Migration Act establishes a framework for addressing the historical injustices of slavery and systemic racism in Minnesota. The bill includes findings that acknowledge the economic benefits derived from slavery, the lack of compensation for enslaved individuals, and the ongoing impact of discrimination on African American communities. It mandates the state to issue formal apologies for past injustices, including the military enslavement of Dred and Harriet Scott, the lynching of three Black men in Duluth in 1920, and the construction of highways that disrupted Black neighborhoods. The bill also emphasizes the need to combat systemic racism and create generational wealth for descendants of chattel slavery.

To facilitate these efforts, the bill establishes the Minnesota Migration Act Advisory Council, which will analyze the economic benefits of slavery, recommend compensation for affected individuals, and propose policies to address ongoing disparities. The council will consist of 19 voting members, including representatives from various sectors, and will be required to report annually on its findings and recommendations. Additionally, the bill appropriates $500,000 from the workforce development fund to support the council's work in addressing the effects of systemic racism on Black Minnesotans.