SB86Introduced in the Senate
Money Transmission; Virtual Currency
Introduced by Jesse Kiehl, District B
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
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.
Where it stands
FN2: (CED)
September 30, 2026
How did lawmakers vote?
House votes
1 recorded vote · each counted separately
Senate votes
2 recorded votes · each counted separately
SenateStage: Senate: Shall the Senate Concur in the House Amendment(s) to CSSB 86(FIN) Court Rule(s) - Effective Date(s) · May 15, 2026
20
Yes
0
No
0
Absent or Not Voting
20 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Cathy Tilton | 26 | Yes |
| George Rauscher | 29 | Yes |
| Bert Stedman | A | Yes |
| Jesse Kiehl | B | Yes |
| Gary Stevens | C | Yes |
| Jesse Bjorkman | D | Yes |
| Catherine Giessel | E | Yes |
| James Kaufman | F | Yes |
| Elvi Gray-Jackson | G | Yes |
| Matt Claman | H | Yes |
Bill history
READ THE FIRST TIME - REFERRALS
L&C, FIN
L&C RPT 3DP
DP: BJORKMAN, DUNBAR, YUNDT
FN1: (CED)
FIN RPT CS 4DP 2NR SAME TITLE
DP: OLSON, HOFFMAN, MERRICK, KIEHL
NR: STEDMAN, CRONK
FN1: (CED)
RULES TO CALENDAR 4/30/2025
READ THE SECOND TIME
FIN CS ADOPTED UC
ADVANCED TO THIRD READING 5/2 CAL
READ THE THIRD TIME CSSB 86(FIN)
PASSED Y17 N- E3
COURT RULE(S) SAME AS PASSAGE
EFFECTIVE DATE(S) SAME AS PASSAGE
TRANSMITTED TO (H)
VERSION: CSSB 86(FIN)
READ THE FIRST TIME - REFERRALS
FIN
FIN RPT HCS(FIN) NEW TITLE 10DP 1NR
TITLE CHANGE: HCR 17
DP: JIMMIE, GALVIN, STAPP, HANNAN, ALLARD, MOORE, BYNUM, SCHRAGE, JOSEPHSON,
FOSTER
NR: TOMASZEWSKI
FN2: (CED)
RULES TO CALENDAR 5/11/2026
READ THE SECOND TIME
FIN HCS ADOPTED UC
ADVANCED TO THIRD READING 5/12 CALENDAR
READ THE THIRD TIME HCS CSSB 86(FIN)
PASSED Y40
COURT RULE(S) SAME AS PASSAGE
EFFECTIVE DATE(S) SAME AS PASSAGE
TITLE CHANGE: HCR 17
JOHNSON NOTICE OF RECONSIDERATION
RECONSIDERATION NOT TAKEN UP
TRANSMITTED TO (S) AS AMENDED
VERSION: HCS CSSB 86(FIN)
CONCUR MESSAGE READ
CONCUR MESSAGE TAKEN UP
CONCUR AM OF (H) Y20 N-
COURT RULE(S) SAME AS PASSAGE
EFFECTIVE DATE(S) SAME AS PASSAGE
MANIFEST ERROR(S)
3:55 P.M. 6/15/26 TRANSMITTED TO GOVERNOR
LAW W/O GOVERNOR SIGNATURE 6/30 CHAPTER 48 SLA 26
EFFECTIVE DATE(S) OF LAW SEE CHAPTER
LEG FINANCE APPROPRIATION MESSAGE 9/8/26
LEG FINANCE APPROPRIATION MESSAGE 9/8/26
FN(S) ATTACHED TO APPROP. BILL HB 263
FN2: (CED)
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.