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.

{"id": "ocd-bill/968c164e-dc0d-4d7c-9344-714577fabcd5", "session": "34", "jurisdiction": {"id": "ocd-jurisdiction/country:us/state:ak/government", "name": "Alaska", "classification": "state"}, "from_organization": {"id": "ocd-organization/85b8d5c1-0dde-4280-8528-9ef5d9fb5b5e", "name": "Senate", "classification": "upper"}, "identifier": "SB 86", "title": "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.", "classification": ["bill"], "subject": ["AUDITS", "BUSINESS", "COMPACTS", "CREDIT", "DISCLOSURE", "ECONOMIC DEVELOPMENT", "FINANCE", "FINANCIAL INSTITUTIONS", "INVESTMENTS", "LICENSING", "PROPERTY"], "extras": {}, "created_at": "2025-02-05T22:08:25.824904+00:00", "updated_at": "2026-05-15T21:12:11.671124+00:00", "openstates_url": "https://openstates.org/ak/bills/34/SB86/", "first_action_date": "2025-02-05", "latest_action_date": "2026-05-15", "latest_action_description": "(S) AWAITING TRANSMITTAL TO GOV", "latest_passage_date": "2026-05-13"}