An Act relating to the term of the chair of the Regulatory Commission of Alaska; and relating to the qualifications of members of the Regulatory Commission of Alaska.

HB 175 modifies Alaska's Regulatory Commission by limiting the chair's term to three consecutive one-year terms and requiring commissioners to step down as chair when their commissioner term expires. It also updates qualification rules: commissioners must now be licensed lawyers with five years' experience, registered engineers, or hold a relevant degree plus five years of professional experience in fields like finance or public administration. The bill ensures current commissioners continue serving until their terms end, with new appointments following the updated rules. These changes directly affect who can serve on the commission and how leadership is structured for regulatory oversight of utilities and other regulated industries.