Minnesota Department of Commerce explained

Agency Name:Minnesota Department of Commerce
Formed:1983[1]
Jurisdiction:Minnesota
Headquarters:85 7th Place East, Suite 280
Saint Paul, Minnesota
Chief1 Name:Grace Arnold[2]
Parent Agency:State of Minnesota
Website:https://mn.gov/commerce/

The Minnesota Department of Commerce is the governmental agency in the U.S. State of Minnesota responsible for regulating a number of critical businesses that impact the public health and welfare. These include state-licensed or regulated industries such as insurance, real estate, property appraisals, debt collection agencies, financial institutions, commodity weights and measures, and telecommunications.[3] The department has a history of being closely-involved in significant social and political issues concerning the public interest.[4] [5]

History

The agency was formed in 1983 from the Commerce Commission, which was a group of three separate commissions on banks, insurance, and real estate. This previous body was created by the legislature in 1970.[6]

Functions

The Department of Commerce has numerous functions primarily related to public or consumer protections against regulated industries. These include ensuring the accuracy of weights and scales at gas pumps, advocating for the public interest of public energy and utility issues such as the Line 3 Gas replacement[7] as well as addressing complaints on insurance agents and brokers, real estate agents and appraisers, financial institutions such as banks and others.[8] Consumers can file complaints against providers and an investigation will be performed by the department to determine if any illegal actions occurred.[9]

Notes and References

  1. Web site: Commerce Department. Minnesota Agencies. Minnesota Legislative Reference Library. 19 November 2017.
  2. Web site: US: Leadership Meet the Commerce Commissioner and leaders in the Department.. Minnesota Department of Commerce. 19 November 2017.
  3. Web site: Abous Us. Commerce About Us Social media. Minnesota Department of Commerce. 19 November 2017.
  4. News: Brucato. Cyndy. The Minnesota Department of Commerce is an easy political target — and has been for years. 19 November 2017. MinnPost. 16 December 2014.
  5. Web site: Steward. Tom. Is the Minnesota Commerce Department Out of Control?. Thinking Minnesota. Center for the American Experiment. 19 November 2017.
  6. Web site: Commerce Department. Minnesota Agencies. Minnesota Legislative Reference Library. 19 November 2017.
  7. Web site: Line 3 Replacement Would be one of States Largest Construction Projects in Recent History. Star Tribune. Star Tribune. 19 November 2017.
  8. Web site: 2013-2014 Commerce Budget Final. Minnesota Senate Archive. Minnesota Senate. 19 November 2017.
  9. Web site: Minnesota Department of Commerce Information. MinnesotaHelp.info. 19 November 2017.