Committee adopts CS for HB 280 to refine definition of financial institutions

The Alaska Senate Finance Committee on May 14 adopted the committee substitute for House Bill 280 (version T) as its working document and set the bill aside for further consideration. Senator Stedman moved that the committee adopt the substitute, and Chair Senator Hoffman asked staff to explain the changes.

Liz Harpold, staff to Senator Olson, told the committee that the committee substitute "continues to add to the work that was done in the House Finance Committee by further refining the definition of financial institutions." Harpold said Appendix A of the committee document contains the full, industry-specific designations to be used in the bill and that this is the only change in the substitute.

After the explanation there were no objections and the committee adopted the substitute as its working document and set HB 280 aside for further consideration. The transcript does not record a roll-call vote, fiscal notes, or additional amendments for HB 280.