2025-02-12                     House Journal                      Page 0174
HB 99                                                                                                                         
HOUSE BILL NO. 99 by Representative Fields, 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 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 & Commerce and                                                                
Finance Committees.