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An Act relating to the business of money transmission; relating to money transmission licenses, licensure requirements, and registration through the 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 money transmission license exemptions; relating to payroll processing services; repealing currency exchange licenses; and providing for an effective date.

Introduced: it can still change before the session ends.

AK HB 408 · House Bill · 32

Stage
Introduced
Started in
House
Sponsor
1
Latest action
May 11, 2022

Where it stands

  1. Introduced (Current step)

    Introduced · May 11, 2022

  2. Committee (Not started)

  3. Floor (Not started)

  4. Law (Not started)

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What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

  • HOUSE RULES BY REQUEST OF THE GOVERNORLead sponsor

In the news

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Where it goes next

While a bill can still move, the questions are about people and money in Alaska.

Work with this bill

An Act relating to the business of money transmission; relating to money transmission licenses, licensure requirements, and registration through the 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 money transmission license exemptions; relating to payroll processing services; repealing currency exchange licenses; and providing for an effective date. | 52