HF 4867

04/06/26   REVISOR  RSI/EN  26-08363
This Document can be made available
in alternative formats upon request  State of Minnesota
  HOUSE OF REPRESENTATIVES
  NINETY-FOURTH SESSION
  H. F. No.   4867
04/07/2026     Authored by Lee, K.,
  The bill was read for the first time and referred to the Committee on Commerce Finance and Policy
1.1A bill for an act
1.2relating to consumer protection; removing deposit limit on the consumer protection
1.3restitution account; setting distribution limits; amending Minnesota Statutes 2025
1.4Supplement, section 8.37, subdivisions 3, 5.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6Section 1. Minnesota Statutes 2025 Supplement, section 8.37, subdivision 3, is amended
1.7to read:
1.8Subd. 3. Money deposited in the account. 50 Fifty percent of all money recovered by
1.9the attorney general in a consumer enforcement action that is payable to the state and not
1.10designated as consumer enforcement public compensation or for another specific purpose
1.11up to the first $5,000,000 each fiscal year must be deposited into the account. The remaining
1.1250 percent of money recovered by the attorney general in a consumer enforcement action
1.13that is payable to the state and not designated as consumer enforcement public compensation
1.14or for another specific purpose must be deposited into the general fund. For purposes of
1.15this subdivision, the amount of money recovered in a consumer enforcement action that
1.16must be deposited into the fund is determined at the time when the money otherwise would
1.17have been deposited into the general fund.
1.18Sec. 2. Minnesota Statutes 2025 Supplement, section 8.37, subdivision 5, is amended to
1.19read:
1.20Subd. 5. Distributions to eligible consumers. (a) Money in the account may be
1.21distributed to any eligible consumer with an identified amount of unpaid consumer
1.22enforcement public compensation. If the amount of money in the account is insufficient to
1.23pay all distributions to eligible consumers with an identified amount of unpaid consumer
Sec. 2.  1
04/06/26   REVISOR  RSI/EN  26-08363
2.1  enforcement public compensation, the Money must be distributed first to consumers eligible
2.2  for unpaid consumer enforcement public compensation based on a consumer enforcement
2.3  action with a final order of the oldest date.
2.4      (b) If the attorney general projects that there will be insufficient funding to pay all eligible
2.5  consumers from the funds available on an ongoing basis, the attorney general may
2.6  recommend to the legislature that the legislature prescribe a formula for prorating or capping
2.7  payments to eligible consumers so that more eligible consumers will receive payment from
2.8  the fund.
2.9      (b) If money is distributed to an eligible consumer, the distribution is limited to:
2.10     (1) the full identified amount of unpaid consumer enforcement public compensation, up
2.11 to $50,000; and
2.12     (2) 50 percent of the identified amount of unpaid consumer enforcement public
2.13 compensation over $50,000, or $50,000, whichever is less.
Sec. 2.  2