SF 4365 Minnesota Senate · 2025-2026 Regular Session

Omnibus Commerce and Consumer Protection policy bill

This bill expands consumer protections for insurance and financial products in Minnesota while specifically banning virtual-currency kiosks. It prohibits the installation and operation of automated virtual-currency exchange terminals by January 1, 2027, and requires operators to remove existing kiosks by December 31, 2026. The law also mandates that operators refund customers' virtual currency holdings unless alternative access methods remain available, with refunds issued in either U.S. dollars or cryptocurrency within 30 days of request. Additionally, the bill strengthens mortgage loan servicing standards, adds student loan borrower protections, and requires certain notices to the commissioner of commerce. These changes directly affect insurance companies, financial institutions, mortgage servicers, and consumers across Minnesota.

Bill status died 1 of 4 stages cleared

Introduction

Mar 2026

Committee Review

Floor Vote

Governor

Introduced Mar 11, 2026 Last action Apr 28, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

1st Engrossment → 2nd Engrossment · 3 edits · Apr 27, 2026

MINOR

The bill was updated from the 1st to the 2nd Engrossment, reflecting a revision in the legislative process. The primary substantive change is an update to the posting date from April 24, 2026, to April 29, 2026, indicating a later version of the bill. The document structure was also reorganized, with numerous sections being removed and new sections added, likely to renumber the bill or incorporate amendments.

Scope change

The scope of the bill's applicability appears unchanged, as the renumbering of sections suggests a structural update rather than a change in the bill's subject matter or legal effect.

TIMELINE

The official posting date of the bill was updated from April 24, 2026, to April 29, 2026.

TECHNICAL

The bill's title and version designation were changed from '1st Engrossment' to '2nd Engrossment'.

The internal numbering of sections was significantly altered, with many sections removed and new sections added, likely to reorganize the text following amendments.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 27, 2026

Upper · Passed

Comm report: To pass as amended

upper

Apr 20, 2026

Upper · Passed

Comm report: To pass as amended and re-refer to Finance

upper

Mar 11, 2026

Committee

Referred to Commerce and Consumer Protection

upper

Mar 11, 2026

Introduced

Introduction and first reading

upper

1 primary · 0 co-sponsors