2026-05-15                     Senate Journal                      Page 2655
SB 86                                                                                                                         
Senator Giessel moved the Senate concur in the House amendment to                                                               
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" (page 2637).                                                                                                 
                                                                                                                                
The question being: “Shall the Senate concur in the House                                                                       
amendment(s)?” The roll was taken with the following result:                                                                    
                                                                                                                                
HCS CSSB 86(FIN)                                                                                                                
Shall the Senate Concur in the House Amendment(s)                                                                               
to CSSB 86(FIN)?                                                                                                                
Court Rule(s) - Effective Date(s)                                                                                               
                                                                                                                                
YEAS:  20   NAYS:  0   EXCUSED:  0   ABSENT:  0                                                                               
                                                                                                                                
Yeas:  Bjorkman, Claman, Cronk, Dunbar, Giessel, Gray-Jackson,                                                                  
Hoffman, Kaufman, Kawasaki, Kiehl, Merrick, Myers, Olson,                                                                       
Rauscher, Stedman, Stevens, Tilton, Tobin, Wielechowski, Yundt                                                                  
                                                                                                                                
and so, the Senate concurred in the House amendment, thus adopting                                                              
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                                                                     

2026-05-15                     Senate Journal                      Page 2656
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."                                                                       
                                                                                                                                
Senator Giessel moved and asked unanimous consent the vote on                                                                   
concurrence be considered the vote on the court rule changes. Without                                                           
objection, it was so ordered.                                                                                                   
                                                                                                                                
Senator Giessel moved and asked unanimous consent the vote on                                                                   
concurrence be considered the vote on the effective date clauses.                                                               
Without objection, it was so ordered.                                                                                           
                                                                                                                                
The Secretary was requested to notify the House.                                                                                
                                                                                                                                
The bill was referred to the Secretary for enrollment.