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SB 156 Alaska Senate · 34th Legislature (2025-2026)

An Act relating to the Department of Commerce, Community, and Economic Development; relating to the Alaska Commercial Fishing and Agriculture Bank; relating to certain loans made by the Alaska Commercial Fishing and Agriculture Bank; relating to certain commercial fishing loans; and providing for an effective date.

SB 156 would have authorized the Alaska Department of Commerce to purchase special shares in the Alaska Commercial Fishing and Agriculture Bank to fund low-interest loans for commercial fishing businesses. The bill required loans to have a 15-year term with interest capped at either the prime rate plus 2% or 5.25% annually, whichever is lower. It also mandated the bank to provide the department with loan data for annual interest rate audits, requiring repayment to the department if actual loan earnings fell short of projected earnings. The bill was vetoed by the governor on July 16, 2025, so it did not become law.
Bill status vetoed 4 of 5 stages cleared
Introduction
Apr 2025
Committee Review
May 2025
Senate Passage
May 2025
House Passage
May 2025
Vetoed
Jul 2025
Introduced Apr 2, 2025 Vetoed Jul 30, 2025
Maddy AI version diff · 3 comparisons

What changed between versions

CSSB 156(FIN) → Enrolled SB 156 · 5 edits
MODERATE
The bill was finalized and formatted for official enactment as Enrolled SB 156, replacing the committee draft version. The substantive policy content regarding the Alaska Commercial Fishing and Agriculture Bank loans remains unchanged from the draft version, with only formatting, headers, and page numbering differences between the two versions.
TECHNICAL

Changed document title from committee draft 'CS FOR SENATE BILL NO. 156(FIN)' to official 'AN ACT' format for enrolled legislation

Removed committee-specific metadata including sponsor information, committee name, and draft identifiers

Added official state law formatting including 'LAWS OF ALASKA 2025' header and chapter number placeholder

Replaced draft bill numbering and formatting with official enrolled bill page numbering and layout

Changed section 3 effective date language from 'Section 13, ch. 25, SLA 2024' to 'This Act takes effect immediately under AS 01.10.070(c)'

Floor votes · Senate May 17, 2025 · House May 20, 2025

How they voted

19–0
Passed · 1 other
Total votes 20
May 17, 2025
D Democratic9
9 Yea
100% Yea
R Republican11
10 Yea 1
90% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
69
Key actions
9
Committee
5
Jul 30, 2025
Vetoed
(S) VETOED BY GOVERNOR 7/16/25
upper
May 20, 2025
Lower · Passed
(H) TRANSMITTED TO (S) AS AMENDED
lower
May 20, 2025
Lower · Passed
(H) PASSED Y40
lower
May 19, 2025
Lower · Passed
(H) FSH HCS ADOPTED UC
lower
May 18, 2025
Lower · Passed
(H) Moved HCS CSSB 156(FSH) Out of Committee -- Delayed to 2:00 pm --
lower
May 17, 2025
Upper · Passed
(S) TRANSMITTED TO (H)
upper
May 17, 2025
Upper · Passed
(S) PASSED Y19 N- E1
upper
May 16, 2025
Upper · Passed
(S) FIN CS ADOPTED UC
upper
May 15, 2025
Upper · Passed
(S) Moved CSSB 156(FIN) Out of Committee -- Please Note Time Change --
upper
May 15, 2025
Committee
(H) <Pending Referral> -- Please Note Time Change --
lower
May 14, 2025
Committee
(H) <Pending Referral> -- Recessed to a Call of the Chair --
lower
Apr 28, 2025
Upper · Passed
(S) Moved CSSB 156(L&C) Out of Committee
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.