SF 2205 Minnesota Senate · 2025-2026 Regular Session

Task force on homeowners and commercial property insurance establishment

SF 2205 establishes a 13-member task force to study insurance affordability for homeowners, renters, and small businesses in Minnesota. The task force, including members from insurance groups, housing organizations, and climate experts, will examine factors like risk mitigation, liability laws, coverage notice rules, reinsurance markets, and climate-related claim costs. It must submit recommendations to state agencies and legislators by February 15, 2026, after reviewing these issues. The bill appropriates $200,000 for the task force’s operations but does not enact new insurance rules. This is a study-focused bill, not a direct policy change.

Bill status died 1 of 4 stages cleared

Introduction

Mar 2025

Committee Review

Floor Vote

Governor

Introduced Mar 6, 2025 Last action Apr 7, 2025

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What changed between versions

Introduction → 1st Engrossment · 5 edits · Apr 1, 2025

MODERATE

This bill was updated from its introduction to its first engrossment version, reflecting significant changes to how the Homeowners and Commercial Property Insurance Task Force is formed and operates. The most notable changes involve shifting appointment authority from department heads to legislative leaders, extending the deadline for appointments and the first meeting, and clarifying the task force's duties to include drafting legislation and reporting on property resilience.

Scope change

The bill's scope expanded to explicitly include 'property resilience to natural hazards' in the task force's study topics and added a requirement for the task force to include draft legislation in its final report.

REQUIREMENT

Appointment authority for task force members changed from department heads to specific legislative leaders (Speaker, minority leader, and senate leaders).

The task force's duties now explicitly include analyzing property resilience to natural hazards and including draft legislation in its final report.

Consultation requirements were updated to specifically name the commissioners of the Housing Finance Agency and employment and economic development.

The task force expiration date was updated to align with the new deadline for submitting the final report (subdivision 6 instead of 5).

TIMELINE

The deadline for making appointments was extended from July 15, 2025, to August 15, 2025, and the first meeting deadline was extended from August 15, 2025, to September 15, 2025.

Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 7, 2025

Upper · Passed

Comm report: To pass and re-referred to Housing and Homelessness Prevention

upper

Apr 3, 2025

Upper · Passed

Comm report: To pass as amended and re-refer to Rules and Administration

upper

Apr 1, 2025

Upper · Passed

Comm report: To pass as amended and re-refer to State and Local Government

upper

Mar 20, 2025

Committee

Withdrawn and re-referred to Housing and Homelessness Prevention

upper

Mar 6, 2025

Committee

Referred to Commerce and Consumer Protection

upper

Mar 6, 2025

Introduced

Introduction and first reading

upper

1 primary · 4 co-sponsors