2026-05-14                     Senate Journal                      Page 2637
SB 86                                                                                                                         
Message dated May 13 was read stating the House passed and returned                                                             
for consideration 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" with the following amendment:                                                                                
                                                                                                                                
         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                                                                          

2026-05-14                     Senate Journal                      Page 2638
         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."                                                                                                       
         (Title Change HCR 17)