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SB 86 AK
Became Law

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; relating to abandoned virtual currency; amending Rules 79 and 82, Alaska Rules of Civil Procedure; and providing for an effective date.

AK · session 34 · Senate · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Feb 5, 2025

Latest action (Jul 16, 2026) (S) EFFECTIVE DATE(S) OF LAW SEE CHAPTER

Sponsor (1)
  • Kiehl Democratic · primary

Action history (69)
  1. Feb 5, 2025 (S) READ THE FIRST TIME - REFERRALS · upper
  2. Feb 5, 2025 (S) L&C, FIN · upper
  3. Mar 5, 2025 (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg) · upper
  4. Mar 5, 2025 (S) Heard & Held · upper
  5. Mar 5, 2025 (S) Minutes (SL&C) · upper
  6. Mar 7, 2025 (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg) · upper
  7. Mar 7, 2025 (S) Moved SB 86 Out of Committee · upper
  8. Mar 7, 2025 (S) Minutes (SL&C) · upper
  9. Mar 10, 2025 (S) L&C RPT 3DP · upper
  10. Mar 10, 2025 (S) DP: BJORKMAN, DUNBAR, YUNDT · upper
  11. Mar 10, 2025 (S) FN1: (CED) · upper
  12. Apr 1, 2025 (S) FINANCE at 09:00 AM SENATE FINANCE 532 · upper
  13. Apr 1, 2025 (S) Heard & Held · upper
  14. Apr 1, 2025 (S) Minutes (SFIN) · upper
  15. Apr 11, 2025 (S) FINANCE at 09:00 AM SENATE FINANCE 532 · upper
  16. Apr 11, 2025 (S) Moved CSSB 86(FIN) Out of Committee · upper
  17. Apr 11, 2025 (S) Minutes (SFIN) · upper
  18. Apr 14, 2025 (S) FIN RPT CS 4DP 2NR SAME TITLE · upper
  19. Apr 14, 2025 (S) DP: OLSON, HOFFMAN, MERRICK, KIEHL · upper
  20. Apr 14, 2025 (S) NR: STEDMAN, CRONK · upper
  21. Apr 14, 2025 (S) FN1: (CED) · upper
  22. Apr 30, 2025 (S) RULES TO CALENDAR 4/30/2025 · upper
  23. Apr 30, 2025 (S) READ THE SECOND TIME · upper
  24. Apr 30, 2025 (S) FIN CS ADOPTED UC · upper
  25. Apr 30, 2025 (S) ADVANCED TO THIRD READING 5/2 CAL · upper
  26. May 2, 2025 (S) READ THE THIRD TIME CSSB 86(FIN) · upper
  27. May 2, 2025 (S) PASSED Y17 N- E3 · upper
  28. May 2, 2025 (S) COURT RULE(S) SAME AS PASSAGE · upper
  29. May 2, 2025 (S) EFFECTIVE DATE(S) SAME AS PASSAGE · upper
  30. May 2, 2025 (S) TRANSMITTED TO (H) · upper
  31. May 2, 2025 (S) VERSION: CSSB 86(FIN) · upper
  32. May 5, 2025 (H) READ THE FIRST TIME - REFERRALS · lower
  33. May 5, 2025 (H) FIN · lower
  34. Apr 10, 2026 (H) FINANCE at 01:30 PM ADAMS 519 · lower
  35. Apr 10, 2026 (H) -- MEETING CANCELED -- · lower
  36. Apr 15, 2026 (H) FINANCE at 01:30 PM ADAMS 519 · lower
  37. Apr 15, 2026 (H) Heard & Held · lower
  38. Apr 28, 2026 (H) FINANCE at 01:30 PM ADAMS 519 · lower
  39. Apr 28, 2026 (H) Heard & Held · lower
  40. May 4, 2026 (H) FINANCE at 01:30 PM ADAMS 519 · lower
  41. May 4, 2026 (H) Moved HCS CSSB 86(FIN) Out of Committee · lower
  42. May 6, 2026 (H) FIN RPT HCS(FIN) NEW TITLE 10DP 1NR · lower
  43. May 5, 2026 (H) TITLE CHANGE: HCR 17 · lower
  44. May 6, 2026 (H) DP: JIMMIE, GALVIN, STAPP, HANNAN, ALLARD, MOORE, BYNUM, SCHRAGE, JOSEPHSON, · lower
  45. May 6, 2026 (H) FOSTER · lower
  46. May 6, 2026 (H) NR: TOMASZEWSKI · lower
  47. May 6, 2026 (H) FN2: (CED) · lower
  48. May 11, 2026 (H) RULES TO CALENDAR 5/11/2026 · lower
  49. May 11, 2026 (H) READ THE SECOND TIME · lower
  50. May 11, 2026 (H) FIN HCS ADOPTED UC · lower
  51. May 11, 2026 (H) ADVANCED TO THIRD READING 5/12 CALENDAR · lower
  52. May 12, 2026 (H) READ THE THIRD TIME HCS CSSB 86(FIN) · lower
  53. May 12, 2026 (H) PASSED Y40 · lower
  54. May 12, 2026 (H) COURT RULE(S) SAME AS PASSAGE · lower
  55. May 12, 2026 (H) EFFECTIVE DATE(S) SAME AS PASSAGE · lower
  56. May 12, 2026 (H) TITLE CHANGE: HCR 17 · lower
  57. May 12, 2026 (H) JOHNSON NOTICE OF RECONSIDERATION · lower
  58. May 13, 2026 (H) RECONSIDERATION NOT TAKEN UP · lower
  59. May 13, 2026 (H) TRANSMITTED TO (S) AS AMENDED · lower
  60. May 13, 2026 (H) VERSION: HCS CSSB 86(FIN) · lower
  61. May 14, 2026 (S) CONCUR MESSAGE READ · upper
  62. May 15, 2026 (S) CONCUR MESSAGE TAKEN UP · upper
  63. May 15, 2026 (S) CONCUR AM OF (H) Y20 N- · upper
  64. May 15, 2026 (S) COURT RULE(S) SAME AS PASSAGE · upper
  65. May 15, 2026 (S) EFFECTIVE DATE(S) SAME AS PASSAGE · upper
  66. Jun 5, 2026 (S) MANIFEST ERROR(S) · upper
  67. Jun 15, 2026 (S) 3:55 P.M. 6/15/26 Transmitted to Governor · upper
  68. Jul 16, 2026 (S) LAW W/O GOV SIGNATURE 6/30 CH 48 SLA 26 · upper
  69. Jul 16, 2026 (S) EFFECTIVE DATE(S) OF LAW SEE CHAPTER · upper
Subjects
AUDITSBUSINESSCOMPACTSCREDITDISCLOSUREECONOMIC DEVELOPMENTFINANCEFINANCIAL INSTITUTIONSINVESTMENTSLICENSINGPROPERTY

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