This bill proposes extensive amendments to Minnesota's commerce regulations, notably eliminating the Prescription Drug Affordability Advisory Council and modifying provisions related to insurance, consumer protection, telecommunications, and charitable gambling. Key changes include the repeal of sections 62J.86 and 62J.88 of Minnesota Statutes, alongside new requirements for health insurance companies to report substantial enrollment growth and for health maintenance organizations (HMOs) to notify the commissioner of significant increases in enrollees. The bill also mandates enhanced data-sharing among state agencies regarding prescription drug costs and mental health services, while ensuring mental health parity in treatment coverage.

Additionally, the legislation introduces new regulations for virtual currency kiosks, requiring operators to issue refunds for transactions made within 72 hours if fraud is reported, and establishes a maximum daily transaction limit for new customers. It also addresses the regulation of pet shops, prohibiting the sale of animals while allowing space for nonprofit adoptions, and enhances protections for borrowers in mortgage and student loan servicing. The bill aims to improve consumer protection, streamline regulatory processes, and adapt to the evolving landscape of financial services and telecommunications, with various provisions set to take effect in the coming years.

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: 53B.69, 58.14, 58.18, 58B.02, 58B.03, 58B.06, 72A.18, 72A.20, 80G.01, 325E.21, 332.32, 53B.75, 46.044, 48.195, 49.37, 58B.051, 60A.13, 72A.061, 239.761, 239.77, 296A.01, 48.158, 80A.50, 80A.69, 80C.12, 345.31, 345.43
2nd Engrossment: 53B.69, 58.14, 58.18, 58B.02, 58B.03, 58B.06, 72A.18, 72A.20, 80G.01, 325E.21, 332.32, 53B.75, 46.044, 48.195, 49.37, 58B.051, 60A.13, 72A.061, 48.158, 80A.50, 80A.69, 80C.12, 345.31, 345.43
1st Unofficial 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