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Minnesota Legislature
2013-2014 Regular Session

TWENTY FIFTH MEETING - Commerce and Consumer Protection Finance and Policy

October 30, 2013

STATE OF MINNESOTA TWENTY FIFTH MEETING
HOUSE OF REPRESENTATIVES EIGHTY-EIGHTH SESSION

COMMITTEE ON COMMERCE AND CONSUMER PROTECTION FINANCE AND POLICY
Chair, Representative Joe Atkins

MINUTES

Representative Atkins, Chair of Committee on Commerce and Consumer Protection Finance and Policy, called the meeting to order at 9:04 AM on October 30, 2013 in Room 200 of the State Office Building.

The Committee Legislative Assistant noted the roll.

Members present:
Atkins, Chair
Fritz, Vice Chair
Hoppe, Lead
Anderson, S.
Davids
Dehn
Halverson
Hilstrom
Hortman
Johnson, S.
Sanders
Schoen
Slocum
Sundin
Theis
Woodard

Members excused:
Anzelc
Falk
Lillie
Loon
Swedzinski
Zellers

A quorum was present.

The following people gave an update on the Minnesota Lottery:

Don Feeney, Research and Planning Director, MN Lottery
Ed Van Petten, Executive Director, MN Lottery
Al Lund, Allied Charities

The following people gave testimony on interior designers licensing:

Rep. Debra Hilstrom
Rachelle Schoessler Lynn, FASID, LEED Fellow Certified Interior Designer
Bill Hickey, AIA, CID, LEED®-AP Principal
Erin Harlander Egerman, Interior Design Student, University of Minnesota, Class of 2014
Ann Voda, President, AIA MN
Meredith Hays-Gordon, Associate/Architect, Perkins & Will
Lee McGrath, Institute for Justice
Patti Morrow, Interior Design Protection Consulting
Carri Carlson, Design Assistant
Lynne Stryker, Spaces into Places
Galen Jergenson, Interior Design Teacher
Katelyn Brands, Student, Alexandria Technical and Community College
Jackie Berg, Interior Designer
Edward Nagorsky, National Kitchen & Bath Association

The following people gave testimony on STOLI and the secondary life insurance market:

Robyn Rowen, MIFSC
Pam Bansci, Director Insurance Services, Valmark Securities
Timothy Wuestenhagen, Senior Policy Owner Tax Counsel, Securial Financial
Doug Flink, President and CEO, Foster Klima
Joel Carlson, Fortress Investment Group

The following people gave testimony on the banking and lending statutes:

Mark Cummins, MN Credit Unions
Tess Rise, MN Banker’s Association
Shane Deal, Deputy Commissioner-Financial Institutions, Department of Commerce
Peter Brickwedde, Department of Commerce
Patrick Martyn, Executive Director, MN Mortgage Association
David Skilbred, ICBM

The meeting was adjourned at 11:57 PM.




___________________________
Representative Joe Atkins, Chair



_________________________________________
Pete Vujovich, Committee Legislative Assistant
More Info On This Meeting..
Agenda:

MN Lottery - Update on Internet Gambling and Gaming Discussion of Interior Designers Licensing Discussion of STOLI and Life Insurance Secondary Markets Discussion of Potential Updating and Rewriting of Banking/Lending Statutes

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04:07 - Gavel. 04:54 - Minnesota State Lottery - update on Internet gambling and gaming. 1:00:37 - Discussion of interior designers licensing. 2:05:21 - Discussion of STOLI (Stranger-Originated Life Insurance) and life insurance secondary markets. 2:38:32 - Discussion of potential updating and rewriting of banking/lending statutes. Runs 2 hours, 53 minutes.