Legislature(2021 - 2022)BARNES 124
04/19/2021 03:15 PM House LABOR & COMMERCE
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| Audio | Topic |
|---|---|
| Start | |
| Board of Professional Counselors | |
| Board of Veterinary Examiners | |
| HB75 | |
| HB61 | |
| HB85 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| + | TELECONFERENCED | ||
| *+ | HB 75 | TELECONFERENCED | |
| += | HB 61 | TELECONFERENCED | |
| += | HB 85 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
HB 85-FINANCIAL INSTITUTIONS; LIABILITY
5:11:10 PM
CO-CHAIR FIELDS announced that the final order of business would
be HOUSE BILL NO. 85, "An Act relating to the Alaska Banking
Code; relating to mutual savings banks; relating to interstate
state banks and international banks; relating to the pledging of
bank assets as collateral security to tribal organizations;
relating to the pledging of bank assets for interest swap
agreements; relating to state business licenses; relating to
persons who make loans secured by interests in vessels or
facilities; relating to liability for the release or threatened
release of hazardous substances; relating to the Model Foreign
Bank Loan Act; and providing for an effective date."
5:11:33 PM
REPRESENTATIVE BART LEBON, Alaska State Legislature, as prime
sponsor, introduced the committee substitute (CS) for HB 85.
5:11:53 PM
CO-CHAIR SPOHNHOLZ moved to adopt the proposed CS for HB 85,
Version 32-LS0371\I, Bannister, 4/17/21 ("Version I"), as the
working document.
5:12:14 PM
CO-CHAIR FIELDS objected for the purpose of discussion.
5:12:07 PM
JOSEPH BYRNES, Staff, Representative Bart LeBon, detailed the
changes in the committee substitute for HB 85 on behalf of
Representative LeBon, prime sponsor. He said that Section 3,
subsection (a), found on page 2, lines 24 and 25, of the
proposed legislation, which previously required posting
statutorily required reports on either the website or in the
lobby, now would direct banks to post the reports on their
websites and would make it optional to post the reports in the
physical lobbies. He said the next change is in Section 22,
subsection (o), paragraph (1), subparagraph (A), on page 10,
line 7; this change adds the word "and" to the end of the
subparagraph, which more closely mirrors the federal language.
The final change, he said, is in Section 22, subsection (o),
paragraph (1), subparagraph (B), sub-subparagraph (iv), on page
10, lines 16-17, and replaces "under this section" with "in
accordance with state law." He noted that this change, intended
to provide clarity, was at the request of the Department of
Environmental Conservation (DEC).
5:14:47 PM
CO-CHAIR FIELDS removed his objection. There being no further
objection, Version I was before the committee.
CO-CHAIR FIELDS announced that HB 85 was held over.