SB27 Alabama 2020 Session

Updated Feb 23, 2026

Summary

Primary Sponsor: Clyde ChamblissSenator
Republican
Session: Regular Session 2020
Title: Securities Commission, sunset law review, subject to and continued until Oct. 1, 2024.
Summary: SB 27 extends the Alabama Securities Commission's existence and regulatory authority through October 1, 2024, preserving its governing statutes.
What This Bill Does
The bill keeps the Alabama Securities Commission in place and able to regulate securities in Alabama through Oct. 1, 2024. It preserves the existing legal framework that creates and governs the Commission (Sections 8-6-1 to 8-6-33). It follows the Sunset Committee’s recommendation and requires the Legislature to concur. It becomes effective immediately when the Governor signs it.

Who It Affects
Alabama Securities Commission employees and operations will continue through Oct 1, 2024.
Securities professionals, firms, and investors under Alabama regulation will continue to be regulated by the Commission through Oct 1, 2024.

Key Provisions
Section 1: Sunset Committee recommends continuation of the Alabama Securities Commission until Oct 1, 2024.
Section 2: The Commission's existence and functioning are continued until Oct 1, 2024; the related code sections are preserved.
Section 3: Legislature concurs with the Sunset Committee's recommendations.
Section 4: Effective immediately upon the Governor's passage/approval.

AI-generated summary using openai/gpt-5-nano on Feb 23, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Securities Commission