SB38 Alabama 2016 Session

Updated Feb 24, 2026

Summary

Primary Sponsor: Paul Bussman
Republican
Session: Regular Session 2016
Title: Securities Commission, Sunset Law review, continued until October 1, 2020.
Summary: This bill extends the Alabama Securities Commission's existence and powers through October 1, 2020.
What This Bill Does
Under the Sunset Law, the bill provides for continuing the Alabama Securities Commission until October 1, 2020. It preserves the Commission's governing code sections so it can keep operating. The Sunset Committee recommended the continuance and the Legislature agrees, with the act taking effect immediately upon the Governor's approval.

Who It Affects
Alabama Securities Commission — continues to exist and operate, including its regulatory and enforcement duties related to securities until Oct 1, 2020.
Alabama residents and businesses dealing with securities — continue to be regulated and overseen by the Commission during this extended period.

Key Provisions
Section 2 continues the existence and functioning of the Alabama Securities Commission until October 1, 2020, and preserves the related code sections.
Section 1 states that the Sunset Committee recommends the continuance of the Commission until October 1, 2020.
Section 3 provides that the Legislature concurs with the Sunset Committee's recommendations.
Section 4 states the act becomes effective immediately upon passage and the Governor's approval.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Sunset Law