Legislature(2025 - 2026)

2026-05-13 House Journal

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2026-05-13                     House Journal                      Page 2561
SB 86                                                                                                                         
Reconsideration of the following was not taken up on this legislative                                                           
day. It was engrossed, signed by the Speaker and Chief Clerk, and                                                               
transmitted to the Senate for consideration:                                                                                    
                                                                                                                                
     HOUSE CS FOR CS FOR SENATE BILL NO. 86(FIN)                                                                                
     "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;                                                             
     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; relating to                                                              
     abandoned virtual currency; amending Rules 79 and 82, Alaska                                                               
     Rules of Civil Procedure; and providing for an effective date."