2025-04-30                     Senate Journal                      Page 1068
SB 86                                                                                                                         
SENATE BILL NO. 86 "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; amending Rules 79 and 82, Alaska                                                                 
Rules of Civil Procedure; and providing for an effective date" was                                                              
read the second time.                                                                                                           
                                                                                                                                
Senator Hoffman, Cochair, moved and asked unanimous consent for                                                                 
the adoption of the Finance Committee Substitute offered on page 855.                                                           
Without objection, CS FOR SENATE BILL NO. 86(FIN) was                                                                           
adopted.                                                                                                                        
                                                                                                                                
President Stevens stated CS FOR SENATE BILL NO. 86(FIN) will                                                                    
advance to third reading on the May 2 calendar.                                                                                 
                                                                                                                                
                       Second Reading of House Resolutions