This bill proposes extensive amendments to various aspects of commerce and consumer protection in Minnesota, including the repeal of the Prescription Drug Affordability Advisory Council and the introduction of new reporting requirements for board members involved in prescription drug reviews. It mandates that the board identify certain prescription drug products based on affordability challenges and modifies the administration and funding processes for the Minnesota premium security plan. The bill also requires health insurance companies to notify the commissioner of significant enrollment growth and enhances transparency in prescription drug pricing by requiring detailed disclosures from health carriers.

Additionally, the bill introduces new regulations for financial services, including the prohibition of virtual currency kiosks starting August 1, 2026, and mandates detailed record-keeping for scrap metal dealers. It establishes consumer protections against unfair practices in mortgage servicing and student loan servicing, while also addressing the sale of animals by pet shops and the use of nudification technology. The legislation aims to enhance consumer protection, ensure ethical practices in technology and animal sales, and streamline regulations across various sectors, with effective dates set for several provisions in 2026 and 2027.

Statutes affected:
Introduction: 53B.69, 58.14, 58.18, 58B.02, 58B.03, 58B.06, 72A.18, 72A.20, 80G.01, 332.32, 582.043, 53B.75
1st Engrossment: 62J.89, 62J.90, 47.20, 47.59, 47.60, 53.04, 53B.74, 53C.09, 56.002, 56.01, 56.05, 58.06, 58B.051, 332.52, 332A.04, 332B.04, 60A.50, 60A.951, 60A.985, 60A.9853, 60A.9854, 60B.03, 60G.01, 62A.02, 62A.021, 62A.61, 62A.65, 62D.08, 62D.12, 62D.124, 62D.221, 62E.11, 62J.40, 62J.60, 62K.07, 62L.02, 62L.08, 62L.09, 62L.10, 62L.11, 62M.11, 62Q.01, 62Q.106, 62Q.188, 62Q.37, 62Q.47, 62Q.51, 62Q.556, 62Q.69, 62Q.71, 62Q.73, 62Q.81, 62U.04, 62W.06, 62E.23, 62A.135, 62A.46, 62M.02, 62M.09, 62Q.545, 72A.13, 256B.0913, 53B.69, 325E.21, 325F.79, 325F.791, 325F.792, 53B.75, 80A.50, 80C.12, 237.035, 237.036, 237.069, 237.07, 237.11, 237.164, 237.626, 237.66, 237.70, 237.762, 52.063, 52.24, 58.14, 58.18, 58B.02, 58B.03, 58B.06, 60A.07, 60A.085, 60K.383, 65A.27, 72A.18, 72A.20, 80G.01, 332.32, 345.31, 345.43, 46.044, 48.195, 49.37, 60A.13, 62J.96, 72A.061, 239.761, 239.77, 296A.01, 349.211
2nd Engrossment: 62J.89, 62J.90, 62E.23, 60A.50, 62D.08, 62J.40, 62K.07, 62M.02, 62M.09, 62Q.47, 62Q.545, 62U.04, 62W.06, 53B.69, 325E.21, 325F.79, 325F.791, 325F.792, 53B.75, 80A.50, 80C.12, 237.035, 237.036, 237.069, 237.07, 237.11, 237.164, 237.626, 237.66, 237.70, 237.762, 52.063, 52.24, 53B.74, 58.14, 58.18, 58B.02, 58B.03, 58B.051, 58B.06, 60A.07, 60A.085, 60K.383, 65A.27, 72A.18, 72A.20, 80G.01, 332.32, 332.52, 332A.04, 332B.04, 345.31, 345.43, 46.044, 48.195, 49.37, 60A.13, 62J.96, 72A.061, 239.761, 239.77, 296A.01, 349.211