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Commerce and Financial Institutions

THIRTY-THIRD MEETING

2005-2006 Regular Session - Tuesday, March 14, 2006

STATE OF MINNESOTA THIRTY-THIRD MEETING
HOUSE OF REPRESENTATIVES EIGHTY-FOURTH SESSION

COMMERCE & FINANCIAL INSTITUTIONS COMMITTEE

MINUTES


Representative Tim Wilkin, Chairman of the Commerce and Financial Institutions Committee, called the thirty-third meeting to order at 12:40 p.m. on Tuesday, March 14, 2006, in Room 200 of the State Office Building.

The Clerk noted the roll.

House Members present:

WILKIN, Tim, Chair
GAZELKA, Paul, Vice-Chair
DAVIDS, Greg
GUNTHER, Bob
HAMILTON, Rod
KOHLS, Paul
PEPPIN, Joyce
POWELL, Duke
SEVERSON, Dan
SIMPSON, Dean
VANDEVEER, Ray
ZELLERS, Kurt

ATKINS, Joe
CLARK, Karen
FRITZ, Patti
GOODWIN, Barb
JAROS, Mike
LIEBLING, Tina
LOEFFLER, Diane
MOE, Frank
MULLERY, Joe
RUKAVINA, Tom
SAILER, Brita
SERTICH, Tony
Excused: HOWES, Larry
SODERSTROM, Judy

A quorum was present.

Rep. Gazelka assumed the gavel.

Rep. Powell moved that the minutes from the meeting of March 8, 2006, be approved.

THE MOTION PREVAILED.

HF2805 (Wilkin) Insurance regulation modernized, mutual holding company laws amended, interstate insurance product regulation compact enacted, and other changes provided.

Rep. Wilkin moved that HF2805 be recommended to pass and be re-referred to the Committee on Governmental Operations and Veterans Affairs.

Rep. Wilkin presented HF2805.

Testifying on HF2805:

Robyn Rowen, Insurance Federation of MN
Dominic Sposeto, MN Independent Insurance Agents Ass’n

Rep. Gazelka moved to orally amend HF2805 as follows:

Page 32, Line 1: Following “protection,” insert personal and safety awareness,

THE MOTION PREVAILED. THE AMENDMENT WAS ADOPTED.

Rep. Wilkin renewed his motion that HF2805 be recommended to pass, as amended, and be re-referred to the Committee on Governmental Operations and Veterans Affairs.

THE MOTION PREVAILED.

Rep. Wilkin resumed the gavel.

Rep. Wilkin moved to reconsider HF2514.

THE MOTION PREVAILED.

Rep. Atkins moved that HF2514 be recommended to pass and be re-referred to the Committee on Civil Law and Elections.

THE MOTION PREVAILED.

HF 2843 (Kohls) Identity theft victims assisted and penalties provided.

Rep. Kohls moved that HF2843 be recommended to pass and be re-referred to the Committee on Civil Law and Elections.

Rep. Kohls presented HF2843.

Rep. Kohls moved to amend HF2843 with the H2843A3 amendment.

THE MOTION PREVAILED. THE AMENDMENT WAS ADOPTED.

Rep. Kohls moved to amend HF2843 with the H2843A4 amendment.

THE MOTION PREVAILED. THE AMENDMENT WAS ADOPTED.

Rep. Kohls moved to amend HF2843 with the H2843A7 amendment.

THE MOTION PREVAILED. THE AMENDMENT WAS ADOPTED.

Rep. Kohls moved to amend HF2843 with the H2843A6 amendment.

THE MOTION PREVAILED. THE AMENDMENT WAS ADOPTED.

Rep. Kohls moved to amend HF2843 with the H2843A8 amendment.

THE MOTION PREVAILED. THE AMENDMENT WAS ADOPTED.

Rep. Kohls renewed his motion that HF2843 be recommended to pass, as amended, and be re-referred to the Committee on Civil Law and Elections.

THE MOTION PREVAILED.

Rep. Wilkin moved to re-refer HF 3185 from the Committee on Commerce and Financial Institutions to the Committee Division of Technology/Bio-science & Medical Products.

Rep. Sertich moved that HF2709 be recommended to pass and be re-referred to the Consent Calendar.

Rep. Solberg presented HF2709.

Testifying on HF2709:

John Passer, Loan Officer, McGregor State Bank
Sharon Lake, President, McGregor State Bank

Rep. Sertich renewed his motion that HF2709 be recommended to pass and be re-referred to the Consent Calendar.

THE MOTION PREVAILED.

The meeting was adjourned at 1:40 pm.


REP. TIM WILKIN, CHAIR



Tim Jacobson
Committee Legislative Assistant