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Bill Sponsor
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Bills
Alaska Senate Bill 86
Session 34
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.
Became Law
Became Law
Became Law on Jul 16, 2026
Bill Intelligence

The bill aims to modernize money transmission laws and regulations in Alaska, particularly for virtual currency. It introduces licensing requirements, cooperative state regulation, and reporting rules for virtual currency activities. The bill mandates authorized delegates for money transmission businesses, sets acquisition rules, and enforces reporting and examination criteria. It grants administrative authority to the Department of Commerce, Community, and Economic Development and establishes grounds for license suspension or revocation. Additionally, it outlines penalties for violations, exemptions from licensure, and regulations for abandoned virtual currency. The bill's implementation would impact how virtual currency is handled within money transmission, licensing, and reporting in Alaska.

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AI-generated from the bill text (Enrolled SB 86)
This content was AI-generated from the text of the bill version Enrolled SB 86.
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First Action
Feb 5, 2025
Latest Action
Sep 8, 2026
Origin Chamber
Senate
Type
Bill
Bill Number
86
State
Alaska
Session
34
Sponsorship by Party
Democrat
Jesse Kiehl
Primary
Senate Votes (2)
House Votes (1)
Motion Text
(S) CONCUR AM OF (H) Y20 N- #2655
info
Roll call vote details are unavailable for (S) CONCUR AM OF (H) Y20 N- #2655
Summary
Unavailable
Text (4)
SB 86
https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0086A
https://www.akleg.gov/PDF/34/Bills/SB0086A.PDF
CSSB 86(FIN)
https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0086B
https://www.akleg.gov/PDF/34/Bills/SB0086B.PDF
HCS CSSB 86(FIN)
https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0086C
https://www.akleg.gov/PDF/34/Bills/SB0086C.PDF
Enrolled SB 86
https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0086Z
https://www.akleg.gov/PDF/34/Bills/SB0086Z.PDF
Documents (29)
Sponsor Statement
http://www.akleg.gov/basis/get_documents.asp?session=34&docid=13350
SB 86 Amendments 1-6 050126
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=15343
SB 86CS(FIN) Updated FN -DCCED-DBS-04-24-26
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=14831
SB 86 Public Testimony Rec'd by 041426
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=13820
SB086 Additional Documents-DBS MTMA White Paper 4.08.26
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=13521
SB086 Additional Documents-AKPIRG Comments 01.27.2026
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=13520
SB-86-Comment-Letter AKPIRG 032825_
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=13352
SB086 Summary of Changes ver I to O 5.2.25
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=13351
SB086 Sponsor Statement ver O 5.2.25
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=13350
SB086 Sectional Analysis ver O 5.9.25
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=13349
SB086 Additional Documents-Letters of Support 5.2.25
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=13348
SB 86 CS(FIN) Updated FN-DCCED-DBS-04-03-26
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=13347
SB 86 Explanation of Changes ver I to T
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=5324
SB 86 work draft ver T
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=5323
SB 86 Sponsor Statement version I 3.12.2025
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=4559
SB 86 Sectional Analysis version I 3.12.2025
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=4558
SB 86 Letters of Support version I 3.12.2025
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=4557
SB 86 ETA Support - AK SB 86
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=4556
SB 86 Bill Presentation 3.12.2025
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=4555
SB86 Bill Presentation 03.05.25
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=2569
SB86 ver I
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=2568
SB86 Sponsor Statement ver I
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=2567
SB86 Sectional Analysis ver I
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=2566
SB86 Public Testimony-Letter-TMSRT 02.20.25
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=2565
SB86 Public Testimony-Letter-MSBA 03.04.25
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=2564
SB86 Public Testimony-Letter-Mastercard 03.04.25
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=2563
SB86 Public Testimony-Letter-AKBA 02.20.25
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=2562
SB86 Public Testimony-Letter-ETA 03.05.25
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=2561
SB86 Fiscal Note DCCED-DBS 02.27.25
https://www.akleg.gov/basis/get_documents.asp?session=34&docid=2560
09/08/2026
House
(H) FN2: (CED)
09/08/2026
House
(H) FN(S) ATTACHED TO APPROP. BILL HB 263
09/08/2026
House
(H) LEG FINANCE APPROPRIATION MESSAGE 9/8/26
07/16/2026
Senate
(S) EFFECTIVE DATE(S) OF LAW SEE CHAPTER
07/16/2026
Senate
(S) LAW W/O GOV SIGNATURE 6/30 CH 48 SLA 26
06/15/2026
Senate
(S) 3:55 P.M. 6/15/26 Transmitted to Governor
06/05/2026
Senate
(S) MANIFEST ERROR(S)
05/15/2026
Senate
(S) EFFECTIVE DATE(S) SAME AS PASSAGE
05/15/2026
Senate
(S) COURT RULE(S) SAME AS PASSAGE
05/15/2026
Senate
(S) CONCUR AM OF (H) Y20 N-
05/15/2026
Senate
(S) CONCUR MESSAGE TAKEN UP
05/14/2026
Senate
(S) CONCUR MESSAGE READ
05/13/2026
House
(H) VERSION: HCS CSSB 86(FIN)
05/13/2026
House
(H) TRANSMITTED TO (S) AS AMENDED
05/13/2026
House
(H) RECONSIDERATION NOT TAKEN UP
05/12/2026
House
(H) JOHNSON NOTICE OF RECONSIDERATION
05/12/2026
House
(H) TITLE CHANGE: HCR 17
05/12/2026
House
(H) EFFECTIVE DATE(S) SAME AS PASSAGE
05/12/2026
House
(H) COURT RULE(S) SAME AS PASSAGE
05/12/2026
House
(H) PASSED Y40
05/12/2026
House
(H) READ THE THIRD TIME HCS CSSB 86(FIN)
05/11/2026
House
(H) ADVANCED TO THIRD READING 5/12 CALENDAR
05/11/2026
House
(H) FIN HCS ADOPTED UC
05/11/2026
House
(H) READ THE SECOND TIME
05/11/2026
House
(H) RULES TO CALENDAR 5/11/2026
05/06/2026
House
(H) FN2: (CED)
05/06/2026
House
(H) NR: TOMASZEWSKI
05/06/2026
House
(H) FOSTER
05/06/2026
House
(H) DP: JIMMIE, GALVIN, STAPP, HANNAN, ALLARD, MOORE, BYNUM, SCHRAGE, JOSEPHSON,
05/06/2026
House
(H) TITLE CHANGE: HCR 17
05/06/2026
House
(H) FIN RPT HCS(FIN) NEW TITLE 10DP 1NR
05/04/2026
House
(H) Moved HCS CSSB 86(FIN) Out of Committee
05/04/2026
House
(H) FINANCE at 01:30 PM ADAMS 519
04/28/2026
House
(H) Heard & Held
04/28/2026
House
(H) FINANCE at 01:30 PM ADAMS 519
04/15/2026
House
(H) Minutes (HFIN)
04/15/2026
House
(H) Heard & Held
04/15/2026
House
(H) FINANCE at 01:30 PM ADAMS 519
04/10/2026
House
(H) -- MEETING CANCELED --
04/10/2026
House
(H) FINANCE at 01:30 PM ADAMS 519
05/05/2025
House
(H) FIN
05/05/2025
House
(H) READ THE FIRST TIME - REFERRALS
05/02/2025
Senate
(S) VERSION: CSSB 86(FIN)
05/02/2025
Senate
(S) TRANSMITTED TO (H)
05/02/2025
Senate
(S) EFFECTIVE DATE(S) SAME AS PASSAGE
05/02/2025
Senate
(S) COURT RULE(S) SAME AS PASSAGE
05/02/2025
Senate
(S) PASSED Y17 N- E3
05/02/2025
Senate
(S) READ THE THIRD TIME CSSB 86(FIN)
04/30/2025
Senate
(S) ADVANCED TO THIRD READING 5/2 CAL
04/30/2025
Senate
(S) FIN CS ADOPTED UC
04/30/2025
Senate
(S) READ THE SECOND TIME
04/30/2025
Senate
(S) RULES TO CALENDAR 4/30/2025
04/14/2025
Senate
(S) FN1: (CED)
04/14/2025
Senate
(S) NR: STEDMAN, CRONK
04/14/2025
Senate
(S) DP: OLSON, HOFFMAN, MERRICK, KIEHL
04/14/2025
Senate
(S) FIN RPT CS 4DP 2NR SAME TITLE
04/11/2025
Senate
(S) Minutes (SFIN)
04/11/2025
Senate
(S) Moved CSSB 86(FIN) Out of Committee
04/11/2025
Senate
(S) FINANCE at 09:00 AM SENATE FINANCE 532
04/01/2025
Senate
(S) Minutes (SFIN)
04/01/2025
Senate
(S) Heard & Held
04/01/2025
Senate
(S) FINANCE at 09:00 AM SENATE FINANCE 532
03/10/2025
Senate
(S) FN1: (CED)
03/10/2025
Senate
(S) DP: BJORKMAN, DUNBAR, YUNDT
03/10/2025
Senate
(S) L&C RPT 3DP
03/07/2025
Senate
(S) Minutes (SL&C)
03/07/2025
Senate
(S) Moved SB 86 Out of Committee
03/07/2025
Senate
(S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
03/05/2025
Senate
(S) Minutes (SL&C)
03/05/2025
Senate
(S) Heard & Held
03/05/2025
Senate
(S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
02/05/2025
Senate
(S) L&C, FIN
02/05/2025
Senate
(S) READ THE FIRST TIME - REFERRALS
Sources
AK Legislature
Open States
https://openstates.org/ak/bills/34/SB86/
Record Created
Feb 6, 2025 3:31:26 PM
Record Updated
Sep 11, 2026 5:44:00 PM
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