Legislature(2023 - 2024)SENATE FINANCE 532
04/25/2024 01:30 PM Senate FINANCE
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| Audio | Topic |
|---|---|
| Start | |
| SB84 | |
| SB204 | |
| SB131 | |
| SB28 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| + | TELECONFERENCED | ||
| += | SB 84 | TELECONFERENCED | |
| += | SB 204 | TELECONFERENCED | |
| += | SB 131 | TELECONFERENCED | |
| += | SB 28 | TELECONFERENCED | |
SENATE FINANCE COMMITTEE
April 25, 2024
1:42 p.m.
1:42:01 PM
CALL TO ORDER
Co-Chair Olson called the Senate Finance Committee meeting
to order at 1:42 p.m.
MEMBERS PRESENT
Senator Lyman Hoffman, Co-Chair
Senator Donny Olson, Co-Chair
Senator Bert Stedman, Co-Chair
Senator Click Bishop
Senator Jesse Kiehl
Senator Kelly Merrick
Senator David Wilson
MEMBERS ABSENT
None
ALSO PRESENT
Ken Alper, Staff, Senator Donny Olson; Senator Elvi Gray-
Jackson, Sponsor; Senator Matt Claman, Sponsor; Claire
Lubke, Staff, Senator Claman.
PRESENT VIA TELECONFERENCE
Robert Schmidt, Director, Division of Banking and
Securities, Department of Commerce, Community, and Economic
Development, Anchorage; Tracy Reno, Chief of Examinations,
Division of Banking and Securities, Department of Commerce,
Community, and Economic Development, Anchorage; Dean Fleer,
Financial Examiner, Division of Banking and Securities,
Department of Commerce, Community, and Economic
Development, Anchorage; Scott Damerow, Chief of Mechanical
Inspection, Department of Labor and Workforce Development,
Anchorage.
SUMMARY
SB 28 WORKPLACE VIOLENCE PROTECTIVE ORDERS
SB 28 was REPORTED OUT of committee with one "do
pass" recommendation, four "no recommendations";
three previously zero fiscal notes: FN 4(LAW), FN
5(DPS), and FN 7(AJS); and three previously
published fiscal impact notes: FN 2(ADM), FN
3(ADM), and FN 6(DPS).
SB 84 MONEY TRANSMISSION; VIRTUAL CURRENCY
SB 84 was REPORTED OUT of committee with three
"do pass" recommendation, one "do not pass"
recommendation, and one "no recommendation"; and
one new fiscal note from the Department of
Commerce, Community and Economic Development.
SB 131 ASIAN AMERICAN/PACIFIC ISLANDER PROGRAM
SB 131 was REPORTED OUT of committee with three
"do pass" recommendations, two "no
recommendations"; and one previously published
fiscal note: FN 1(EED).
SB 204 CERT. OF FITNESS: PLUMBERS/ELECTRICIANS
SB 204 was REPORTED OUT of committee with four
"do pass" recommendations, and one "no
recommendation", and with one previously
published fiscal note: FN 2(LWF).
SENATE BILL NO. 84
"An Act relating to the business of money
transmission; relating to money transmission licenses,
licensure requirements, and registration through the
Nationwide Multistate Licensing System and Registry;
relating to the use of virtual currency for money
transmission; relating to authorized delegates of a
licensee; relating to acquisition of control of a
license; relating to record retention and reporting
requirements; authorizing the Department of Commerce,
Community, and Economic Development to cooperate with
other states in the regulation of money transmission;
relating to permissible investments; relating to
violations and enforcement of money transmission laws;
relating to money transmission license exemptions;
relating to payroll processing services; repealing
currency exchange licenses; and providing for an
effective date."
1:42:50 PM
Senator Kiehl MOVED to ADOPT the committee substitute for
SB 84, Work Draft 33-GS1312\U (Klein\Gunther, 4/24/24).
There being NO OBJECTION, it was so ordered.
1:43:36 PM
KEN ALPER, STAFF, SENATOR DONNY OLSON, explained the CS. He
addressed the Summary of Changes (copy on file):
Change 1 In Secs. 6 and 63, changes the submission of
an applicant's fingerprints from the Department of
Public Safety to the Nationwide Mortgage Licensing
System and Registry, (which queries the Federal Bureau
of Investigation), unless the individual has lived
outside the United States for the past 10 years.
Change 2 In Secs. 12 and 24, changes the requirement
for a licensee to submit certain reports and financial
statements to the end of each quarter, and to the
licensee's fiscal year rather than a calendar year.
Change 3 In Secs. 26 and 27, corrects a reference to
letters of credit to the proper statute.
Change 4 In Sec. 54, reverts the definition of
"control" from 10 percent of a company's shares to the
current statutory standard of 25%, and corrects the
statutory reference to the term "passive investor."
Change 5 In Sec. 71, amends the effective date of the
bill from January 1, 2024 to January 1, 2025.
1:45:49 PM
ROBERT SCHMIDT, DIRECTOR, DIVISION OF BANKING AND
SECURITIES, DEPARTMENT OF COMMERCE, COMMUNITY, AND ECONOMIC
DEVELOPMENT, ANCHORAGE (via teleconference), explained the
bill.
1:47:03 PM
TRACY RENO, CHIEF OF EXAMINATIONS, DIVISION OF BANKING AND
SECURITIES, DEPARTMENT OF COMMERCE, COMMUNITY, AND ECONOMIC
DEVELOPMENT, ANCHORAGE (via teleconference), stated that
division supported the committee substitute.
1:47:29 PM
DEAN FLEER, FINANCIAL EXAMINER, DIVISION OF BANKING AND
SECURITIES, DEPARTMENT OF COMMERCE, COMMUNITY, AND ECONOMIC
DEVELOPMENT, ANCHORAGE (via teleconference), stated that he
had no additional comments.
Co-Chair Olson wondered whether Mr. Fleer was in favor of
the committee substitute.
Mr. Fleer replied in the affirmative.
Co-Chair Olson OPENED public testimony.
Co-Chair Olson CLOSED public testimony.
Senator Kiehl MOVED to REPORT SB 84 from committee with
individual recommendations, and attached fiscal note. There
being NO OBJECTION it was so ordered.
SB 84 was REPORTED OUT of committee with three "do pass"
recommendation, one "do not pass" recommendation, and one
"no recommendation"; and one new fiscal note from the
Department of Commerce, Community and Economic Development.
SENATE BILL NO. 204
"An Act relating to the issuance of certificates of
fitness for plumbers and electricians; relating to
fees for certificates of fitness for plumbers and
electricians; and providing for an effective date."
1:49:56 PM
KEN ALPER, STAFF, SENATOR DONNY OLSON, explained the bill.
He stated that the legislation was primarily an inflation
adjustment, and there were no changes in the committee.
1:50:23 PM
SCOTT DAMEROW, CHIEF OF MECHANICAL INSPECTION, DEPARTMENT
OF LABOR AND WORKFORCE DEVELOPMENT, ANCHORAGE (via
teleconference), stated that he was in supportive of the
bill. He remarked that the bill would help all electrician
and plumber apprentices, by removing unnecessary
administrative hurdles.
Co-Chair Olson wondered whether he agreed with the change
from four to six years.
Mr. Damerow agreed.
Senator Bishop thanked the commissioner of the Department
of Labor and Workforce Development (DLWD).
Senator Bishop MOVED to REPORT SB 204 from committee with
individual recommendations, and attached fiscal note. There
being NO OBJECTION it was so ordered.
SB 204 was REPORTED OUT of committee with four "do pass"
recommendations, and one "no recommendation", and with one
previously published fiscal note: FN 2(LWF).
SENATE BILL NO. 131
"An Act requiring education in the history and
contributions of Asian Americans and Pacific
Islanders."
1:52:38 PM
KEN ALPER, STAFF, SENATOR DONNY OLSON, explained the bill.
He stated that the bill made for public school students to
learn the contributions made by Asian Americans and Pacific
Islanders.
1:53:26 PM
SENATOR ELVI GRAY-JACKSON, SPONSOR, thanked the committee
and staff.
Senator Kiehl MOVED to REPORT SB 131 from committee with
individual recommendations, and attached fiscal note. There
being NO OBJECTION it was so ordered.
SB 131 was REPORTED OUT of committee with three "do pass"
recommendations, two "no recommendations"; and one
previously published fiscal note: FN 1(EED).
SENATE BILL NO. 28
"An Act relating to workplace violence protective
orders; relating to the crime of violating a
protective order; relating to the powers of district
judges and magistrates; amending Rules 4 and 65,
Alaska Rules of Civil Procedure, and Rule 9, Alaska
Rules of Administration; and providing for an
effective date."
1:54:54 PM
Senator Merrick MOVED to ADOPT the committee substitute for
SB 28.
1:55:12 PM
KEN ALPER, STAFF, SENATOR DONNY OLSON, explained the CS. He
referred to the Summary of Changes (copy on file):
Change 1 Clarifies that an employer may file for a
workplace violence protective order if violence
against the employer or employee occurred at the
workplace or if there is a threat of violence that may
be carried out at the workplace. This addresses
concerns that the previous version granted employers
access to workplace violence protective orders in
instances of violence that were not specifically
related to the workplace.
Change 2 Removes the ability of an employer to name a
designated employee on a protective order and to have
any provisions of the protective order applied to that
employee. This ensures that employers are empowered to
file for a workplace violence protective order to
protect their workplace, but an employer is not able
to extend the protections into the personal life of an
employee.
1:56:41 PM
SENATOR MATT CLAMAN, SPONSOR, supported the CS.
1:57:01 PM
CLAIRE LUBKE, STAFF, SENATOR CLAMAN, stated that she agreed
with the changes.
Co-Chair Olson OPENED and CLOSED public testimony.
1:57:14 PM
AT EASE
1:57:52 PM
RECONVENED
Senator Merrick MOVED to REPORT SB 28 from committee with
individual recommendations, and attached fiscal notes.
There being NO OBJECTION it was so ordered.
SB 28 was REPORTED OUT of committee with one "do pass"
recommendation, four "no recommendations"; three previously
zero fiscal notes: FN 4(LAW), FN 5(DPS), and FN 7(AJS); and
three previously published fiscal impact notes: FN 2(ADM),
FN 3(ADM), and FN 6(DPS).
ADJOURNMENT
1:58:36 PM
The meeting was adjourned at 1:58 p.m.
| Document Name | Date/Time | Subjects |
|---|---|---|
| SB 28 CS in SFin summary of changes version Y 4-25-24.pdf |
SFIN 4/25/2024 1:30:00 PM |
SB 28 |
| SB 28 work draft version Y.pdf |
SFIN 4/25/2024 1:30:00 PM |
SB 28 |
| SB 84 CS in SFin summary of changes version U 4-25-24.pdf |
SFIN 4/25/2024 1:30:00 PM |
SB 84 |
| SB 84 work draft version U.pdf |
SFIN 4/25/2024 1:30:00 PM |
SB 84 |