Signed by Governor Tim Walz

Vote Smart's Synopsis:

Vote to adopt a conference report and pass a bill that establishes new protections on prescription drug costs; sets up the Strengthen Minnesota Homes Act to provide grants for shoring up homes against natural disasters; and creates a new student loan advocate to assist borrowers with reviewing complaints.

Highlights:

• Authorizes new state protections on prescription drug costs for individuals, including requing all revenues generated from violations be deposited in a fund to reduce prescription drug cots to consumers (Sec. 2).

• Establishes the Strengthen Minnesota Homes Act to provide grants for shoring up and securing homes better against natural disasters (Sec. 56).

• Establishes a new student loan advocate to assist student loan borrowers with reviewing complaints, including, but not limited to, the following (Sec. 67):

• The meaning of important terminology used in student lending;

• Documentation requirements;

• Monthly payment obligations;

• Income-based repayment options;

• The availability of state and federal loan forgiveness programs; and

• Disclosure requirements.

Full Bill Text

Vote Smart's Synopsis:

Vote to adopt a conference report and pass a bill that establishes new protections on prescription drug costs; sets up the Strengthen Minnesota Homes Act to provide grants for shoring up homes against natural disasters; and creates a new student loan advocate to assist borrowers with reviewing complaints.

Highlights:

• Authorizes new state protections on prescription drug costs for individuals, including requing all revenues generated from violations be deposited in a fund to reduce prescription drug cots to consumers (Sec. 2).

• Establishes the Strengthen Minnesota Homes Act to provide grants for shoring up and securing homes better against natural disasters (Sec. 56).

• Establishes a new student loan advocate to assist student loan borrowers with reviewing complaints, including, but not limited to, the following (Sec. 67):

• The meaning of important terminology used in student lending;

• Documentation requirements;

• Monthly payment obligations;

• Income-based repayment options;

• The availability of state and federal loan forgiveness programs; and

• Disclosure requirements.

Full Bill Text