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State Representative Joe Atkins
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-4192
For more information contact: Christina Gosack 651-296-5524
Press/News Releases
Governor Signs Rep. Atkins' Bill to Protect Consumers Into Law
Out of the over 4,200 bills introduced in the 2005-2006 Legislative Session, Rep. Joe Atkins' legislation to protect consumers who own stocks, bonds or mutual funds became one of 212 bills to pass into law when it was signed last week by Governor Tim Pawlenty. Rep. Atkins, known for his ability to work across the aisle and find pragmatic solutions to complicated issues, succeeded in passing his bill with near unanimous support from members of both parties in the House and Senate.
"I knew this was a popular bill, but even I was surprised when all but 2 of 201 members of the Legislature voted for this bill," said Atkins.
Last week, Governor Pawlenty completed the process of passing the bill into law in a signing ceremony.
Atkins' bill, known as the Uniform Securities Act, provides protections for consumers and heightened requirements for investment brokers and dealers.
"A lot of folks have their retirement savings or their kids' college tuition invested in the stock market," said Atkins. "This bill helps protect Minnesotans from investment scams or stock broker fraud that could cost them their life savings."
The Uniform Securities Act has been enacted or is under consideration in states across the country. It would make state regulation of stocks, bonds and mutual funds more effective and maximize cooperation among the states and with federal regulators.
News Items
- Rep. Atkins, Sen. Lourey Introduce Health Insurance Exchange Legislation - (Posted: Jan 9 2013 3:44PM)
- Rep. Atkins – Statement on Deal to End NHL Lockout - (Posted: Jan 7 2013 2:05PM)
- Rep. Atkins to Hold Minnesota House Hearing on Economic Impact of Hockey Lockout - (Posted: Jan 2 2013 3:20PM)
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