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Alaska · 34th Legislature (2025-2026) · Bill

SB 86: 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.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 86 is a bill introduced in the Alaska Senate on February 5, 2025. According to its official title, it concerns: 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. Primary sponsor: Jesse Kiehl (Democratic). Most recent recorded action (September 30, 2026): (H) FN2: (CED).

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Jesse KiehlPrimary sponsorDemocraticSenateB

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. (H) FN2: (CED)
  2. (H) FN(S) ATTACHED TO APPROP. BILL HB 263
  3. (H) LEG FINANCE APPROPRIATION MESSAGE 9/8/26
  4. (S) LEG FINANCE APPROPRIATION MESSAGE 9/8/26
  5. (S) EFFECTIVE DATE(S) OF LAW SEE CHAPTER
  6. (S) LAW W/O GOVERNOR SIGNATURE 6/30 CHAPTER 48 SLA 26
  7. (S) 3:55 P.M. 6/15/26 Transmitted to Governor
  8. (S) MANIFEST ERROR(S)
  9. (S) EFFECTIVE DATE(S) SAME AS PASSAGE
  10. (S) COURT RULE(S) SAME AS PASSAGE
  11. (S) CONCUR AM OF (H) Y20 N-
  12. (S) CONCUR MESSAGE TAKEN UP

Showing 12 most recent of 40 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source