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SF 1606

Exemptions modification for garnishment and bankruptcy

2025-2026 Regular Session Introduced by Liz Boldon and 3 co-sponsors

Summary of Minnesota SF 1606 – Exemptions modification for garnishment and bankruptcy Bill at a glance- Bill Number: SF 1606 - Title: Exemptions modification for garnishment and b

Referred to Judiciary and Public Safety
#commerceandcommercedepartment #wagesandsalaries
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Bill Summary · SF 1606

Summary of Minnesota SF 1606 – Exemptions modification for garnishment and bankruptcy

Bill at a glance

  • Bill Number: SF 1606
  • Title: Exemptions modification for garnishment and bankruptcy
  • Status: Referred to the Judiciary and Public Safety committee
  • Introduced: February 20, 2025
  • Companion bill: HF 3188

Purpose and intent

  • The bill’s title indicates it aims to modify the exemptions available in Garnishment and Bankruptcy contexts. In Minnesota, exemptions determine what property or income is protected from creditor collection efforts, including wage garnishment and bankruptcy proceedings. The introduction suggests a policy change to adjust or update these exemptions, potentially to better reflect current economic conditions or policy priorities.

Key provisions (what we know vs. what’s not yet available)

  • What is known: The bill focuses on exemptions related to garnishment and bankruptcy. No specific text, section-by-section language, or numerical changes are provided in the information available.
  • What’s not yet available: The exact changes to exemptions (e.g., which assets or income would be protected, any new dollar thresholds, or any new categories of exempt property) are not specified. No fiscal impact, sunset provisions, or administrative procedures are described in the provided materials.

Who/what would be affected

  • Debtors/consumers: Individuals whose income or assets are subject to garnishment or bankruptcy protections would be directly affected by any changes to exemptions.
  • Creditors and wage garnishers: Employers and debt collectors that rely on exemptions to determine what portion of wages can be garnished may be impacted.
  • Financial institutions and courts: The modification of exemptions could affect how bankruptcy filings and wage garnishment orders are implemented and enforced.

Procedural and timeline aspects

  • Introduction and first reading: February 20, 2025
  • Referral: Judiciary and Public Safety committee
  • Next steps (typical process): If advanced, the bill would move through committee hearings, potential amendments, floor votes in both the Senate and House, and, if passed, be sent to the governor for signature or veto. The companion HF 3188 will follow a parallel path in the House.
  • Until further action is taken, the bill remains in committee with no public fiscal note or final language available in the provided information.

Notes

  • For a precise understanding of what changes SF 1606 would implement, the full bill text and any accompanying fiscal or policy notes are needed. The companion HF 3188 should be reviewed alongside SF 1606 to understand the full proposed reform.

Compiled from official sources — confirm details with the bill’s official record.

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