Suspending Rules 24(c), 35, 41(b), and 42(e), Uniform Rules of the Alaska State Legislature, concerning Senate Bill No. 86, 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; and amending Rules 79 and 82, Alaska Rules of Civil Procedure.
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Progress
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- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
House Concurrent Resolution 17 suspends specific rules of the Alaska State Legislature to allow Senate Bill 86 to move forward. This bill focuses on regulating the money transmission industry in Alaska, including licensing requirements, registration with a national system, and the use of virtual currency. It also addresses issues like authorized delegates, control of licenses, record-keeping, and cooperation with other states, as well as exemptions and payroll processing services.
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House Finance
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