- Next Tuesday, the House Public Safety Committee will hear a bill (HF450), authored by Representative Zack Stephenson (D-Coon
Rapids)) that would make changes to the organized retail theft statute.
The portion of the bill the MBA is following would amend the identity
theft crime to authorize financial institutions to release certain
specified information (name and last known address/phone numbers of
account holders) to law enforcement and prosecutors who certify that it
is related to an identity theft crime investigation or prosecution. The
bill gives complying financial institutions immunity for so doing.
- The bill legalizing recreational cannabis (HF100/SF73)
continues to make its way through the process making stops this week in
Senate State Government, House State Government and House Agriculture.
It is already scheduled next week in Senate Agriculture, Broadband and
Rural Development and House Workforce Development. Questions continue to
be raised regarding the ability to bank these businesses once it
becomes law. The MBA reminds legislators that despite changes to state
laws, federal law still makes the possession and distribution of
marijuana illegal. Banks are required to abide by federal law. By
offering banking services to marijuana-related businesses, banks run the
risk of being accused of money laundering and other crimes. When
marijuana-related businesses cannot access banking services, they must
operate on an all-cash basis which creates problems for state
- A bill (HF4)
that would allow Drivers Licenses for All passed off the House Floor on
Monday on a 69-60 vote. The bill would allow a person to obtain a
driver’s license or state identification card without showing proof of
legal presence in the United States. The bill will be heard in Senate
Finance next week before heading to the Senate Floor.
- On Tuesday, the House Housing Committee heard a bill that
prohibits certain corporations, real estate developers, and residential
building contractors from purchasing a single-family home for the
purposes of renting the single-family home. The goal of the bill is to
address the perceived trend of investors buying properties, which takes
affordable houses off the market for families to purchase. The bill’s
author, Representative Esther Agbaje (D-Minneapolis), stated
“homeownership in Minnesota is something that continues to be out of
reach for many Minnesotans of color and many working-class Minnesotan.
The reasons are varied from the lack of supply to high cost of housing
to discriminatory practices in the market and, of course, corporate
ownership of single-family homes.” The bill passed out of committee and
was sent to the House Judiciary Committee.
Mark Your Calendar
Here are some key dates for 2023:
- February 16 – Minnesota Matters – Register Today!
- March 10 - First Deadline, for committees to act favorably on bills in one body
- March 20-22 - ABA Washington Summit/MBA Washington Visit – Register Today!
- March 24 - Second Deadline, for committees to act favorably on companions of bills that met 1st deadline in the other body
- April 4 - Third Deadline, for committees to act favorably on major appropriation and finance bills
- April 4 at 5 p.m. through April 10 - The legislature will be in recess starting for the Passover/Easter holidays.
- May 22 - Session must adjourn by this date, per the Minnesota Constitution
Next Week (as of Friday morning):
Committees will continue hearing the Governor’s Budget Proposal for their jurisdiction
Monday - Paid Family and Medical Leave (SF2) in Senate Judiciary, Cannabis Bill (SF73) will be heard in Senate Agriculture, Broadband and Rural Development
Tuesday - Organized Retail Theft Bill (HF450) in House Public Safety, Paid Family and Medical Leave (HF2) in House Labor Committee
Wednesday - Cannabis Bill (HF100) in House Workforce Development Committee
Please contact Tess Rice or Therese Kuvaas for any additional information.
For more legislative updates, follow Therese Kuvaas, Senior Government Relations Manager, on Twitter @thkuvaas
Bill Introductions (all introduced on Thursday, February 2):
S.F. No. 940: A
bill for an act relating to state government; prohibiting the State
Board of Investment from investing in companies that boycott mining,
energy production, production agriculture, or commercial lumber
production; requiring the State Board of Investment to divest from
companies that boycott mining, energy production, production
agriculture, or commercial lumber production; prohibiting the state of
Minnesota or any state agency from entering into contracts with
companies that boycott mining, energy production, production
agriculture, or commercial lumber production; prohibiting banks, credit
unions, financial institutions, payment processors, savings and loan
associations, and trust companies from discriminating against people
based on certain subjective criteria; providing for civil penalties;
requiring a report; proposing coding for new law in Minnesota Statutes,
chapters 11A; 16; 46.
S.F. No. 950: A
bill for an act relating to consumer data privacy; requiring a
consumer's consent prior to collecting personal information; proposing
coding for new law in Minnesota Statutes, chapter 325M.
S.F. No. 998/HF1243: A
bill for an act relating to commerce; establishing a student loan
advocate; requiring a report; proposing coding for new law in Minnesota
Statutes, chapter 58B.
H.F. 971, A bill for an act relating to housing; appropriating money for housing discrimination testing.
H.F. 1057, A bill for an act relating to agriculture; appropriating money for down payment assistance grants.
S.F. No. 1107: A
bill for an act relating to human rights; adding political affiliation
to the human rights act; amending Minnesota Statutes 2022, sections
363A.02, subdivision 1; 363A.03, by adding a subdivision; 363A.04;
363A.06, subdivision 1; 363A.07, subdivision 2; 363A.08, subdivisions 1,
2, 3, 4; 363A.09, subdivisions 1, 2, 3, 4; 363A.11, subdivision 1;
363A.12, subdivision 1; 363A.13; 363A.15; 363A.16, subdivision 1;
S.F. No. 1146: A
bill for an act relating to local government; authorizing
municipalities to charge a street impact fee; amending Minnesota
Statutes 2022, section 462.358, by adding subdivisions.
S.F. No. 1169: A
bill for an act relating to human rights; prohibiting discrimination
based on political affiliation; amending Minnesota Statutes 2022,
sections 363A.03, by adding a subdivision; 363A.08, subdivisions 1, 2,
3, 4; 363A.09, subdivisions 1, 2, 3, 4; 363A.11, subdivision 1; 363A.12,
subdivision 1; 363A.13; 363A.16, subdivision 1; 363A.17.
H.F. 1219, A bill for an act relating to housing; appropriating money for the homeownership education, counseling, and training program.
MBA Washington Trip – March 20-22, 2023
With all that is happening in Washington, D.C. regarding the banking
industry, now is the time to attend the annual MBA Washington Trip. This
trip provides an excellent opportunity to discuss banking issues with
policy makers in Washington.
MBA will be joining the American Bankers Association’s Washington Summit
as one supercharged conference. During the event, we will hear from
Congressional and regulatory leaders and make a trip to Capitol Hill to
meet with the Minnesota Senators and Members of Congress. We will
receive briefings on current rules, regulations and legislation and take
the opportunity to discuss issues with those that influence and make
the decisions. This is also a great opportunity to network with bankers
from both Minnesota and around the county.
Click here to register for the Washington Trip!
If you have any questions on either event, please contact Therese Kuvaas at 952-857-2603 or firstname.lastname@example.org.
*Some of the information provided in the Weekly Recap is reported by Cook Strong Sellwood - MBA’s contract lobbyists