STATE OF MINNESOTA NINTH MEETING
HOUSE OF REPRESENTATIVES EIGHTY-EIGHTH SESSION
COMMITTEE ON COMMERCE AND CONSUMER PROTECTION FINANCE AND POLICY
MINUTES
Representative Atkins, Chair of Committee on Commerce and Consumer Protection Finance and Policy, called the meeting to order at 4:06 PM February 26, 2013 in the Basement Hearing Room of the State Office Building.
The Committee Legislative Assistant noted the roll.
Members present:
Atkins, Chair
Fritz, Vice Chair
Hoppe, Lead
Anderson, S.
Anzelc
Davids
Dehn
Falk
Halverson
Hilstrom
Hortman
Johnson, S.
Lillie
Loon
Sanders
Schoen
Sundin
Theis
Swedzinski
Woodard
Zellers
Members excused:
Slocum
A quorum was present
Rep. Halvorson moved that the minutes from the meeting on February 19, 2013 be approved. THE MOTION PREVAILED.
Rep. Anderson moved that the minutes from the meeting on February 25, 2013 be approved. THE MOTION PREVAILED.
HF711 (Ward, J.E.) Explore MN Tourism money appropriated.
Rep. Atkins moved
HF711 be laid over for possible inclusion in the Tourism Budget Bill.
The following people gave testimony on
HF711:
Rep. John Ward
Lisa Paxton, Minnesota Tourism Growth Coalition
Doug Killian, Mall of America
Joel Carlson, Congress of MN Resorters
Mark Novotney, Hyde-away-Bay Resort
John Edmund, Explore Minnesota Tourism
HF711 was laid over for possible inclusion in the Tourism Budget Bill.
Rep. Fritz assumed the gavel.
HF712 (Atkins) Rental motor vehicles tax revenue deposit modified
Rep. Atkins moved that
HF712 be recommended to pass and be re-referred to the committee on Taxes.
The following people testified on behalf of
HF712:
Rep. Joe Atkins
Rep. Atkins moved that
HF712 be recommended to pass and be re-referred to the committee on Taxes. THE MOTION PREVAILED.
Rep. Atkins assumed the gavel.
HF791 (Hortman) Annuity products regulated, and model regulation adoption enacted and modified by the National Association of Insurance Commissioners relating to Suitability in annuity transactions.
Rep. Hortman moved
HF791 be recommended to pass and re-referred to the General Register.
The following people testified on behalf of
HF791:
Rep. Melissa Hortman
Robyn Rowen, MIFSC
Dominic Sposeto, CMR
Allen Gilbert, Attorney General's Office
Rep. Hortman moved amendment H0791A1. THE AMENDMENT WAS ADOPTED
Rep. Hortman moved an oral amendment to add to line 6.9 "and the elevated review shall be conducted by a natural person or persons." THE AMENDMENT WAS ADOPTED.
Rep. Hortman moved
HF791 be recommended to pass, as amended, and re-referred to the General Register. THE MOTION PREVAILED.
The meeting was adjourned at 5:30 PM.
___________________________
Representative Joe Atkins, Chair
_________________________________________
Pete Vujovich, Committee Legislative Assistant
Note: If there is a television recording of the meeting, links to that format will also be available.
Agenda:
HF711 (Ward) Explore Minnesota Tourism money appropriated.
HF712 (Atkins) Rental motor vehicle tax revenue deposit modified.
HF791 (Hortman) Annuity products regulated, and model regulation adoption enacted and modified by the National Association of Insurance Commissioners relating to suitability in annuity transactions.