2025-05-02                     Senate Journal                      Page 1093
SB 86                                                                                                                         
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; amending                                                           
Rules 79 and 82, Alaska Rules of Civil Procedure; and providing for                                                             
an effective date" was read the third time.                                                                                     
                                                                                                                                
The question being: "Shall 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; amending                                                           
Rules 79 and 82, Alaska Rules of Civil Procedure; and providing for                                                             
an effective date" pass the Senate?" The roll was taken with the                                                                
following result:                                                                                                               
                                                                                                                                
CSSB 86(FIN)                                                                                                                    
Third Reading - Final Passage                                                                                                   
Court Rule(s)    Effective Date(s)                                                                                              
                                                                                                                                
YEAS:  17   NAYS:  0   EXCUSED:  3   ABSENT:  0                                                                               

2025-05-02                     Senate Journal                      Page 1094
                                                                                                                                
Yeas:  Bjorkman, Cronk, Dunbar, Gray-Jackson, Hoffman, Hughes,                                                                  
Kaufman, Kawasaki, Kiehl, Merrick, Myers, Olson, Shower, Stedman,                                                               
Stevens, Wielechowski, Yundt                                                                                                    
                                                                                                                                
Excused:  Claman, Giessel, Tobin                                                                                                
                                                                                                                                
and so, CS FOR SENATE BILL NO. 86(FIN) passed the Senate                                                                        
                                                                                                                                
Senator Wielechowski, Acting Majority Leader, moved and asked                                                                   
unanimous consent the vote on the passage of the bill be considered                                                             
the vote on the court rule change(s). Without objection, it was so                                                              
ordered.                                                                                                                        
                                                                                                                                
Senator Wielechowski, Acting Majority Leader, moved and asked                                                                   
unanimous consent the vote on the passage of the bill be considered                                                             
the vote on the effective date clause(s). Without objection, it was so                                                          
ordered and the bill was referred to the Secretary for engrossment.