This bill establishes new reporting requirements for social media and remote computing service providers in Minnesota, mandating that they report to the attorney general if they have actual knowledge or reasonable belief that certain crimes involving controlled substances, counterfeit drugs, or unauthorized prescription medications are being committed. Providers must submit these reports within 60 days of obtaining actual knowledge and include specific identifying information about the accounts involved. The bill also outlines the attorney general's responsibilities in reviewing these reports, conducting investigations, and publishing annual reports on the findings.

Additionally, the bill includes provisions for the preservation of data related to these reports for a period of 90 days, with limitations on extending this period. It establishes penalties for providers who fail to submit required reports or who submit incomplete or false reports, with civil penalties ranging from $50,000 to $400,000 depending on the nature of the violation. The bill aims to enhance accountability and cooperation between service providers and law enforcement in addressing drug-related crimes facilitated through digital platforms.