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Finance committee advances Commerce, cannabis and new consumer-protection fees; broker-dealer fee raised to fund examiners
Summary
The Senate Finance Committee recommended passage of Senate File 2216, the commerce appropriations and Office of Cannabis Management bill, after adopting technical and policy amendments. The bill includes a broker-dealer agent fee increase (amended to $85 annually) to fund additional examiners, a $55-per-year HOA registry fee to fund a new ombudsp
Senate File 2216, the Commerce appropriations bill that includes funding for the Office of Cannabis Management and multiple fee and program changes in the Department of Commerce, was recommended to pass by the Minnesota Senate Finance Committee on April 21 after debate and several adopted amendments.
Senator Klein, sponsor of the commerce bill, summarized fiscal provisions including a proposed increase to the broker-dealer agent fee, creation of a common interest community (HOA) ombudsperson and registry funded by a $55 annual registry fee, a $100 annual fee per electric vehicle charging port to fund inspections, and operating adjustments for the Office of Cannabis Management. "There is a new fee increase for broker dealer agents ... increasing the fee, from its baseline in an effort to improve staffing at the Department of Commerce,"…
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