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Commerce Finance and Policy

FOURTH MEETING

2023-2024 Regular Session - Wednesday, January 18, 2023

STATE OF MINNESOTA FOURTH MEETING
HOUSE OF REPRESENTATIVES NINETY-THIRD SESSION

COMMERCE FINANCE AND POLICY COMMITTEE

Representative Stephenson, Chair of the Commerce Finance and Policy Committee, called the meeting to order at 1:00PM on January 18th, 2023 in Room 10 of the State Office Building. It was broadcast via House Public Information Services.

Members Present:
STEPHENSON, Zack, Chair
KOTYZA-WITTHUHN, Carlie, Vice-Chair
O’DRISCOLL, Tim, GOP Lead
BIERMAN, Robert
CHA, Ethan
DAUDT, Kurt
DOTSETH, Jeff
FREIBERG, Mike
KLEVORN, Ginny
KOEGEL, Erin
KRAFT, Larry
LIEBLING, Tina
NEU BRINDLEY, Anne
NISKA, Harry
PERRYMAN, Bernie
PFARR, Brian
TABKE, Brad

A quorum was present.

An overview of the gaming industry in Minnesota from the following:
Melanie Benjamin, Chief Executive, Mille Lacs Band of Ojibwe
Andy Platto, Minnesota Indian Gaming Association
Tim Mahoney, Gambling Control Board
Laura Wade, Gambling Control Board
Kyle Gustafson, Executive Director, Minnesota Racing Commission
Rachel Jenner, Executive Director, Allied Charities of Minnesota

Vice Chair Kotyza-Witthuhn assumed the gavel at 1:31PM.

Chair Stephenson assumed the gavel at 1:36PM.

Representative Kotyza-Witthuhn moved approval of the minutes from January 11th, 2023. The motion prevailed.

An overview of the banking industry in Minnesota from the following:
Joe Witt, President, Minnesota Bankers Association
Ryan Smith, Minnesota Credit Union Network
Jim Amundson, BankIn (community banks)

HF94 (Noor); Securities provisions modified, and small corporate offering investment limit changed.

Representative Stephenson moved that HF94 (Noor) be recommended to be placed on the General Register.

Representative Stephenson moved the A1 (Noor) amendment. The motion prevailed and the amendment was adopted.

The following testified on HF94:
Jon Kelly, Department of Commerce

Representative Stephenson renewed his motion that HF94 be recommended to be placed on the General Register. The motion prevailed and HF94 was recommended to be placed on the General Register as amended.

The meeting was adjourned at 2:22 PM.







___________________________________________
Representative Zack Stephenson, Chair


___________________________________________
Jack Dockendorf, Committee Legislative Assistant


More Info On This Meeting..
Bills Added:
  • HF94 (Noor) - Securities; investment limit changed for small corporate offerings.
House TV Video:
View Archive

01:05 - Minnesota gaming industry overview.
59:49 - Minnesota banking industry overview.
1:17:23 - HF94 (Noor) Securities provisions modified, and small corporate offering investment limit changed.
Runs 1 hour, 23 minutes.


Overview, gaming industry in Minnesota

Overview, banking industry in Minnesota

HF94 (Noor); Securities provisions modified, and small corporate offering investment limit changed.

Items may be added, removed, or taken up in any order at the Chair’s discretion

If you would like to testify or provide handouts on **HF94** to the committee please email simon.brown@house.mn.gov, preferably 24 hours prior to the hearing.

To learn more about requesting an accommodation, please visit the FAQs for Disability Access. If you have further questions on accommodations or accessibility, please contact the Committee Administrator.

The hearing will be broadcast through House Information Services, for more information visit: https://www.house.leg.state.mn.us/hinfo/hinfo.asp