Minnesota SF5162: Drug Affordability Advisory Council elimination provision, various financial institutions and health plan provisions modifications, and appropriation

What the bill says

A bill for an act relating to commerce; eliminating the Prescription Drug Affordability Advisory Council; modifying various provisions governing nondepository financial institutions; providing for health plan regulatory alignment; transferring duties and employees; modifying the premium security plan; appropriating money and making reductions; requiring reports; amending Minnesota Statutes 2024, sections 47.20, subdivision 1; 47.59, subdivision 1; 47.60, subdivision 1; 53.04, subdivision 3a; 53B.74; 53C.09, subdivision 4; 56.002; 56.01; 56.05; 58.06, subdivision 2; 58B.051…

From the introduced text, April 15, 2026:

A bill for an act relating to commerce; eliminating the Prescription Drug Affordability Advisory Council; modifying various provisions governing nondepository financial institutions; providing for health plan regulatory alignment; transferring duties and employees; modifying the premium security plan; appropriating money and making reductions; requiring reports; amending Minnesota Statutes 2024, sections 47.20, subdivision 1; 47.59, subdivision 1; 47.60, subdivision 1; 53.04, subdivision 3a; 53B.74; 53C.09, subdivision 4; 56.002; 56.01; 56.05; 58.06, subdivision 2; 58B.051; 60A.50, subdivisions 1, 3; 60A.951, subdivision 3; 60A.985, subdivision 8; 60A.9853, subdivision 1; 60A.9854; 60B.03, subdivision 2; 60G.01, subdivisions 2, 4; 62A.02, subdivision 8; 62A.021, subdivision 1; 62A.61; 62A.65, subdivisions 7, 8; 62D.08, subdivisions 1, 2, 3, 7, by adding a subdivision; 62D.12, subdivision 1; 62D.124, subdivision 5; 62D.221, subdivisions 1, 2; 62E.11, subdivisions 9, 13; 62E.23, subdivision 1; 62J.40; 62J.60, subdivision 5; 62J.89, subdivisions 1, 2; 62J.90, subdivision 2; 62K.07, subdivision 2; 62L.02, subdivision 8; 62L.08, subdivision 11; 62L.09, subdivision 3; 62L.10, subdivision 4; 62L.11, subdivision 2; 62M.11; 62Q.01, subdivision 2; 62Q.106; 62Q.188, subdivision 2; 62Q.37, subdivision 2; 62Q.47; 62Q.51, subdivision 3; 62Q.556, subdivisions 3, 4; 62Q.69, subdivisions 2, 3; 62Q.71; 62Q.73, subdivisions 3, 10; 62Q.81, subdivision 7; 62U.04, subdivision 13; 62W.06, by adding a subdivision; 332.52, subdivision 3; 332A.04, subdivision 1; 332B.04, subdivision 1; Minnesota Statutes 2025 Supplement, sections 62D.21; 62D.211; 62E.23, subdivisions 1a, 2; 297I.20, …