2025-05-05                     House Journal                      Page 1010
SB 86                                                                                                                         
CS FOR SENATE BILL NO. 86(FIN) by the Senate Finance                                                                            
Committee, entitled:                                                                                                            
                                                                                                                                
     "An Act relating to the business of money transmission; relating to                                                        
     licenses for money transmission, licensure requirements, and                                                               
     registration through a nationwide multistate licensing system;                                                             

2025-05-05                     House Journal                      Page 1011
     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 exemptions to money                                                                   
     transmission licensure requirements; relating to payroll processing                                                        
     services; relating to currency exchange licenses; amending Rules                                                           
     79 and 82, Alaska Rules of Civil Procedure; and providing for an                                                           
     effective date."                                                                                                           
                                                                                                                                
was read the first time and referred to the Finance Committee.