2025-02-05                     Senate Journal                      Page 0188
SB 86                                                                                                                         
SENATE BILL NO. 86 BY SENATOR KIEHL, 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;                                                                     
          relating to the use of virtual currency for money                                                                     
          transmission; relating to authorized delegates of a                                                                   

2025-02-05                     Senate Journal                      Page 0189
          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 Labor and Commerce and                                                              
Finance Committees.