Legislature(2017 - 2018)

2018-04-24 Senate Journal

Full Journal pdf

2018-04-24                     Senate Journal                      Page 2842
HB 170                                                                                                                        
CS FOR HOUSE BILL NO. 170(JUD) "An Act relating to securities,                                                                  
registration, exempt securities, exempt transactions, broker-dealers,                                                           
agents, investment advice, investment advisers, investment adviser                                                              
representatives, federal covered securities, federal covered investment                                                         
advisers, viatical settlement interests, small intrastate security                                                              
offerings, Canadian broker-dealers, and Canadian agents; relating to                                                            
protecting older and vulnerable adults from financial exploitation;                                                             
relating to administrative, civil, and criminal enforcement provisions,                                                         
including restitution and civil penalties for violations; relating to an                                                        
investor training fund; establishing increased civil penalties for                                                              
harming older persons and vulnerable adults; relating to corporations                                                           
organized under the Alaska Native Claims Settlement Act; amending                                                               
Rules 4, 5, 54, 65, and 90, Alaska Rules of Civil Procedure, and Rule                                                           
602, Alaska Rules of Appellate Procedure; and providing for an                                                                  
effective date" was read the second time.                                                                                       
                                                                                                                                
Senator Costello, Chair, moved and asked unanimous consent for the                                                              
adoption of the Labor and Commerce Senate Committee Substitute                                                                  
offered on page 2722. Senator Gardner objected, then withdrew her                                                               
objection. There being no further objection, SENATE CS FOR CS                                                                   
FOR HOUSE BILL NO. 170(L&C) was adopted.                                                                                        
                                                                                                                                
Senator Micciche moved and asked unanimous consent the bill be                                                                  
considered engrossed, advanced to third reading and placed on final                                                             
passage. Without objection, it was so ordered.                                                                                  
                                                                                                                                
SENATE CS FOR CS FOR HOUSE BILL NO. 170(L&C) was read                                                                           
the third time.                                                                                                                 
                                                                                                                                
The question being: "Shall SENATE CS FOR CS FOR HOUSE BILL                                                                      
NO. 170(L&C) "An Act relating to securities, registration, exempt                                                               
securities, exempt transactions, broker-dealers, agents, investment                                                             
advice, investment advisers, investment adviser representatives,                                                                
federal covered securities, federal covered investment advisers,                                                                
viatical settlement interests, small intrastate security offerings,                                                             
Canadian broker-dealers, and Canadian agents; relating to protecting                                                            
older and vulnerable adults from financial exploitation; relating to                                                            
administrative, civil, and criminal enforcement provisions, including                                                           
restitution and civil penalties for violations; relating to an investor                                                         

2018-04-24                     Senate Journal                      Page 2843
training fund; establishing increased civil penalties for harming older                                                         
persons and vulnerable adults; relating to corporations organized under                                                         
the Alaska Native Claims Settlement Act; amending Rules 4, 5, 54,                                                               
65, and 90, Alaska Rules of Civil Procedure, and Rule 602, Alaska                                                               
Rules of Appellate Procedure; and providing for an effective date"                                                              
pass the Senate?" The roll was taken with the following result:                                                                 
                                                                                                                                
SCS CSHB 170(L&C)                                                                                                               
Third Reading - Final Passage                                                                                                   
Court Rules         Effective Dates                                                                                             
                                                                                                                                
YEAS:  19   NAYS:  0   EXCUSED:  1   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Begich, Bishop, Coghill, Costello, Egan, Gardner, Giessel,                                                               
Hoffman, Kelly, MacKinnon, Meyer, Micciche, Olson, Shower,                                                                      
Stedman, Stevens, von Imhof, Wielechowski, Wilson                                                                               
                                                                                                                                
Excused:  Hughes                                                                                                                
                                                                                                                                
and so, SENATE CS FOR CS FOR HOUSE BILL NO. 170(L&C)                                                                            
passed the Senate.                                                                                                              
                                                                                                                                
Senator Micciche moved and asked unanimous consent the vote on the                                                              
passage of the bill be considered the vote on the Court Rule changes.                                                           
Without objection, it was so ordered.                                                                                           
                                                                                                                                
Senator Micciche moved and asked unanimous consent the vote on the                                                              
passage of the bill be considered the vote on the effective date clauses.                                                       
Without objection, it was so ordered and the bill was referred to the                                                           
Secretary for engrossment.