On June 14th, Minnesota Governor Tim Walz signed into law, S.F. No. 17, which once again included amendments to Minnesota’s Earned Sick and Safe Time (ESST) law that went into effect in January 2024....more
On April 30, 2025, Governor Tim Walz signed H.F. No. 747 into law. H.F. No. 747 amends several provisions of the Minnesota Business Corporation Act (Chapter 302A of the Minnesota Statutes)....more
Special Election 34B – Speaker Emerita Hortman Seat - Following the horrific events of the early morning of June 14, including the assassination of Speaker Emerita Melissa Hortman, Governor Tim Walz has called for a...more
On May 23, 2025, Minnesota Governor Tim Walz signed the Human Services omnibus policy bill into law, which included in part, the addition of a new statutory provision in the state’s criminal code, Chapter 609....more
On June 14, 2026, Minnesota Governor Tim Walz signed into law legislation passed during a one-day legislative special session that includes new employment laws or amends existing employment laws. ...more
Last year’s Minnesota legislative session resulted in a 1,000-page omnibus bill that included significant changes to the state’s labor and employment laws. As this year’s legislative session comes to a close, we predict a...more
It’s All Budget Bills - Following a weeklong break for Passover and Easter, the legislature is back to work and quickly moving omnibus bills through the legislative process. Finance committees had to pass their two-year...more
Governor Revises Budget - On March 21, Governor Tim Walz released a revised FY 2026-2027 biennial budget, which incorporates the impact of the latest budget and economic forecast released on March 6. The revised budget...more
Legislature Reaches Full Complement - For about three days this week, all 201 legislative seats, 134 House members and 67 Senators, were filled for the first time in 2025. The week began with David Gottfried, the winner of...more
What’s a Quorum? When Secretary of State Steve Simon convened the Minnesota House of Representatives at Noon on Tuesday, January 14, 67 Republicans were in attendance but the 66 DFLers were notably absent. DFLers...more
What Is It and Why Does It Matter? The Minnesota Department of Management and Budget (MMB) prepares formal forecasts of state revenues and expenditures in November and February each year, which policymakers use to set the...more
Following a statewide ban on employment non-compete agreements that went into effect in 2023, a new Minnesota law that took effect on July 1, 2024, has expanded the state’s limitations on restrictive employment covenants, now...more
Minnesota Management and Budget (MMB) issued the November Budget and Economic Forecast this morning and has projected that the State of Minnesota will have a $616 million surplus for the upcoming FY 2026-2027 biennium...more
The November elections are less than a week away, and the outcome will have wide-ranging impacts. Former President Donald Trump and Sen. JD Vance (R-OH) were formally nominated for president and vice president, respectively,...more
On Oct. 1, Minnesota Gov. Tim Walz and Sen. JD Vance (R-OH) participated in the first and only vice-presidential debate. The event took place in New York City and was hosted by CBS without an in-person audience. The...more
As explained in our prior client alert, the presence of a sitting state-level elected official—Minnesota Governor Tim Walz—on a presidential ticket should increase vigilance among investment advisers regarding the potential...more
Vice President Kamala Harris's selection of Minnesota Gov. Tim Walz as her running mate imposes restrictions on campaign contributions to the Harris-Walz campaign by federally registered investment advisers (RIAs), exempt...more
Overview: Investment advisers that seek to manage public money need to consider the SEC’s “pay to play” rule, which restricts election-related contributions by the firms or their “covered associates” to elected state...more
On August 6, 2024, the Democratic nominee for President, Kamala Harris, chose Tim Walz, Governor of Minnesota, as her running mate. This selection presents important considerations vis à vis the “Pay-to-Play Rule” (Rule...more
Vice President Kamala Harris’ selection of Minnesota Governor Tim Walz as her running mate highlights a wrinkle in Investment Advisers Act Rule 206(4)-5 (the “Pay-to-Play Rule” or “Rule”) to which investment advisers should...more
On August 6, Vice President Kamala Harris selected Governor Tim Walz of Minnesota as her Vice-Presidential running mate for the 2024 general election. Since Governor Walz is a state official, his selection for the ticket...more
Since Vice President Kamala Harris became the presumptive Democratic nominee for President just over two weeks ago, speculation has swirled about the identity of her pick for the Vice Presidential candidate....more
Minnesota has become the 19th state to pass a comprehensive data privacy law. On May 24, Governor Tim Walz signed into law the Minnesota Consumer Privacy Act (H.F. 4757) (the “MCPA”), which takes effect July 31, 2025....more
A new Minnesota law taking effect on July 1, 2024, will ban the use of nonsolicitation agreements by staffing agencies and other service providers to prevent their customers, or the companies that contract for the staffing...more
On May 20, Minnesota Gov. Tim Waltz signed the state’s so-called junk fee bill into law. The law, similar to a proposed Federal Trade Commission rule and laws in other states, requires businesses to include all mandatory fees...more