Alaska · Senate Bill 86 · 34th Legislature (2025-2026)

An Act relating to the business of money transmission; relating to licenses for money transmission, licensure requirements, and registration through…

SB 86 Sponsored by Jesse Kiehl Became law

  1. Introduced Feb 5, 2025
  2. In committee Feb 5, 2025
  3. Passed the Senate May 2, 2025
  4. Passed the House May 12, 2026
  5. To the governor Jun 15, 2026
  6. Became law Jun 30, 2026

What it does

The legislature's own summary of the bill, or its official long title.

MONEY TRANSMISSION; VIRTUAL CURRENCY

Read the full official title (129 words)

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.

Every action

69 steps, oldest first, as the legislature records them.

Show the 61 earlier steps
  1. SenateREAD THE FIRST TIME - REFERRALS
  2. CommitteeL&C, FIN · Senate Labor & Commerce
  3. CommitteeLABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg) · Senate Labor & Commerce
  4. CommitteeHeard & Held · Senate Labor & Commerce
  5. CommitteeLABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg) · Senate Labor & Commerce
  6. CommitteeMoved SB 86 Out of Committee · Senate Labor & Commerce
  7. CommitteeL&C RPT 3DP · Senate Labor & Commerce
  8. CommitteeDP: BJORKMAN, DUNBAR, YUNDT · Senate Labor & Commerce
  9. SenateFN1: (CED)
  10. CommitteeFINANCE at 09:00 AM SENATE FINANCE 532 · Senate Finance
  11. CommitteeHeard & Held · Senate Finance
  12. CommitteeFINANCE at 09:00 AM SENATE FINANCE 532 · Senate Finance
  13. CommitteeMoved CSSB 86(FIN) Out of Committee · Senate Finance
  14. CommitteeFIN RPT CS 4DP 2NR SAME TITLE · Senate Finance
  15. CommitteeDP: OLSON, HOFFMAN, MERRICK, KIEHL · Senate Finance
  16. CommitteeNR: STEDMAN, CRONK · Senate Finance
  17. SenateFN1: (CED)
  18. SenateRULES TO CALENDAR 4/30/2025
  19. SenateREAD THE SECOND TIME
  20. SenateFIN CS ADOPTED UC
  21. SenateADVANCED TO THIRD READING 5/2 CAL
  22. SenateREAD THE THIRD TIME CSSB 86(FIN)
  23. SenatePASSED Y17 N- E3
  24. SenateCOURT RULE(S) SAME AS PASSAGE
  25. SenateEFFECTIVE DATE(S) SAME AS PASSAGE
  26. SenateTRANSMITTED TO (H)
  27. SenateVERSION: CSSB 86(FIN)
  28. HouseREAD THE FIRST TIME - REFERRALS
  29. CommitteeFIN · House Finance
  30. CommitteeFINANCE at 01:30 PM ADAMS 519 · House Finance
  31. Committee-- MEETING CANCELED -- · House Finance
  32. CommitteeFINANCE at 01:30 PM ADAMS 519 · House Finance
  33. CommitteeHeard & Held · House Finance
  34. CommitteeFINANCE at 01:30 PM ADAMS 519 · House Finance
  35. CommitteeHeard & Held · House Finance
  36. CommitteeFINANCE at 01:30 PM ADAMS 519 · House Finance
  37. CommitteeMoved HCS CSSB 86(FIN) Out of Committee · House Finance
  38. CommitteeFIN RPT HCS(FIN) NEW TITLE 10DP 1NR · House Finance
  39. HouseTITLE CHANGE: HCR 17
  40. CommitteeDP: JIMMIE, GALVIN, STAPP, HANNAN, ALLARD, MOORE, BYNUM, SCHRAGE, JOSEPHSON, · House Finance
  41. CommitteeFOSTER · House Finance
  42. CommitteeNR: TOMASZEWSKI · House Finance
  43. HouseFN2: (CED)
  44. HouseRULES TO CALENDAR 5/11/2026
  45. HouseREAD THE SECOND TIME
  46. HouseFIN HCS ADOPTED UC
  47. HouseTITLE CHANGE: HCR 17
  48. HouseADVANCED TO THIRD READING 5/12 CALENDAR
  49. HouseREAD THE THIRD TIME HCS CSSB 86(FIN)
  50. HousePASSED Y40
  51. HouseCOURT RULE(S) SAME AS PASSAGE
  52. HouseEFFECTIVE DATE(S) SAME AS PASSAGE
  53. HouseJOHNSON NOTICE OF RECONSIDERATION
  54. HouseRECONSIDERATION NOT TAKEN UP
  55. HouseTRANSMITTED TO (S) AS AMENDED
  56. HouseVERSION: HCS CSSB 86(FIN)
  57. SenateCONCUR MESSAGE READ
  58. SenateCONCUR MESSAGE TAKEN UP
  59. SenateCONCUR AM OF (H) Y20 N-
  60. SenateCOURT RULE(S) SAME AS PASSAGE
  61. SenateEFFECTIVE DATE(S) SAME AS PASSAGE
  1. SenateMANIFEST ERROR(S)
  2. Senate3:55 P.M. 6/15/26 TRANSMITTED TO GOVERNOR
  3. SenateLAW W/O GOVERNOR SIGNATURE 6/30 CHAPTER 48 SLA 26
  4. SenateEFFECTIVE DATE(S) OF LAW SEE CHAPTER
  5. SenateLEG FINANCE APPROPRIATION MESSAGE 9/8/26
  6. HouseLEG FINANCE APPROPRIATION MESSAGE 9/8/26
  7. HouseFN(S) ATTACHED TO APPROP. BILL HB 263
  8. HouseFN2: (CED)

Roll calls

3 recorded votes: 3 on the floor, 0 in committee. Each shows how every member voted.

Third Reading - Final Passage - Court Rule(s) Effective Date(s) · Full Senate

Passed 17–0
May 2, 2025 · journal entry
Yes 17 No 0 Not voting 3
Democrats: 7 yes, 0 no Republicans: 10 yes, 0 no
How each member voted

Yes · 17

Excused · 3

Third Reading - Final Passage · Full House

Passed 40–0
May 12, 2026 · journal entry
Yes 40 No 0
Democrats: 14 yes, 0 no Independents: 5 yes, 0 no Republicans: 21 yes, 0 no
How each member voted

Yes · 40

Shall the Senate Concur in the House Amendment(s) - to CSSB 86(FIN)? - Court Rule(s) - Effective Date(s) · Full Senate

Passed 20–0
May 15, 2026 · journal entry
Yes 20 No 0
Democrats: 9 yes, 0 no Republicans: 11 yes, 0 no
How each member voted

Yes · 20

Sponsors

The member who introduced it.

From Alaska's official records (akleg.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.