Legislature(2017 - 2018)BELTZ 105 (TSBldg)
04/14/2018 01:30 PM Senate LABOR & COMMERCE
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Audio | Topic |
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Start | |
HB301 | |
HB170 | |
HB142 | |
SJR7 | |
Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
+= | SJR 7 | TELECONFERENCED | |
+= | HB 170 | TELECONFERENCED | |
+= | HB 142 | TELECONFERENCED | |
+= | HB 301 | TELECONFERENCED | |
+ | TELECONFERENCED |
HB 170-AK SECURITIES ACT; PENALTIES; CRT. RULES 3:46:03 PM CHAIR COSTELLO reconvened the meeting and announced the consideration of HB 170, related to the Alaska Securities Act. She requested a motion to adopt the proposed committee substitute (CS). 3:46:22 PM SENATOR MEYER moved to adopt the work draft Senate CS for CSHB 170, labeled 30-LS0333\R, as the working document. CHAIR COSTELLO objected for an explanation of changes. 3:46:43 PM CRYSTAL KOENEMAN, Staff, Representative Sam Kito III, Alaska State Legislature, Juneau, Alaska, reviewed the following changes from version O to version R of HB 170: • Page 15, line 6 A definition for "person" (located in AS 45.56.900) was added to AS 45.55.990 for clarity purposes. • Page 48, lines 17-19 Sec. 45.56.420(c)(3) has been rewritten for clarification that the provision references rules adopted by the United States Securities and Exchange Commission under the Dodd-Frank Wall Street Reform and Consumer Protection Act. • Page 94 State securities laws are intricately related to federal laws on securities but making provisions of the bill subject to the adoption of future amendments to the federal statutes raised the issue of improper delegation of legislative authority to the federal government. This version removes language "or as later amended" in Sec. 45.56.730. MS. KOENEMAN advised that the foregoing changes address the issues raised during the last hearing. CHAIR COSTELLO noted who was available to answer questions. She asked the sponsor if he had any final comments. 3:48:41 PM REPRESENTATIVE KITO III, Alaska State Legislature, Juneau, Alaska, sponsor of HB 170, said the department brought this matter to his attention as the Chair of the House Labor and Commerce Committee. He noted that a lot of work was done on the bill last year and that he appreciated the changes proposed in the committee substitute to provide further clarification. He opined that it was important to update Alaska's securities law st to reflect the 21 century. CHAIR COSTELLO agreed with his comments. SENATOR MEYER observed that changes in the Senate CS made a good bill even better. 3:49:34 PM SENATOR MEYER moved to report the Senate CS for CSHB 170(L&C), version R, from committee with individual recommendations and attached fiscal note(s). 3:49:59 PM CHAIR COSTELLO removed her objection and announced that without objection, SCS CSHB 170(L&C) moved from the Senate Labor and Commerce Standing Committee.
Document Name | Date/Time | Subjects |
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SCS CSHB170(L&C) Ver. R.pdf |
SL&C 4/14/2018 1:30:00 PM |
HB 170 |
SCS CSHB170(L&C) Explanation of Changes Ver. O to R.pdf |
SL&C 4/14/2018 1:30:00 PM |
HB 170 |
SCS CSHB142 (L&C) Version T.pdf |
SL&C 4/14/2018 1:30:00 PM |
HB 142 |
SCS CSHB142 (L&C) Version R to T.pdf |
SL&C 4/14/2018 1:30:00 PM |
HB 142 |
CS SJR 7 Version D.pdf |
SL&C 4/14/2018 1:30:00 PM |
SJR 7 |
CS SJR 7 Explanation of Changes Ver. A to D.pdf |
SL&C 4/14/2018 1:30:00 PM |
SJR 7 |
Supporting Document SCS CSHB142(L&C).pdf |
SL&C 4/14/2018 1:30:00 PM |
HB 142 |