2021-04-22                     House Journal                      Page 0689
HB 85                                                                                                                         
The Labor & Commerce Committee considered:                                                                                      
                                                                                                                                
    HOUSE BILL NO. 85                                                                                                           
    "An Act relating to the Alaska Banking Code; relating to mutual                                                             

2021-04-22                     House Journal                      Page 0690
    savings banks; relating to interstate state banks and international                                                         
    banks; relating to the pledging of bank assets as collateral security                                                       
    to tribal organizations; relating to the pledging of bank assets for                                                        
    interest swap agreements; relating to state business licenses;                                                              
    relating to persons who make loans secured by interests in vessels                                                          
    or facilities; relating to liability for the release or threatened                                                          
    release of hazardous substances; relating to the Model Foreign                                                              
    Bank Loan Act; and providing for an effective date."                                                                        
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 85(L&C)                                                                                               
    (same title)                                                                                                                
                                                                                                                                
The report was signed by Representatives Fields and Spohnholz, Co-                                                              
chairs, with the following individual recommendations:                                                                          
                                                                                                                                
Do pass (5):  Schrage, McCarty, Snyder, Fields, Spohnholz                                                                       
                                                                                                                                
No recommendation (1):  Kaufman                                                                                                 
                                                                                                                                
The following fiscal note(s) apply to CSHB 85(L&C):                                                                             
                                                                                                                                
1.  Zero, Dept. of Commerce, Community, & Economic Development                                                                  
2.  Zero, Dept. of Commerce, Community, & Economic Development                                                                  
3.  Indeterminate, Dept. of Environmental Conservation                                                                          
                                                                                                                                
HB 85 was referred to the Finance Committee.