HJR70 Alabama 2023 Session

Summary

Primary Sponsor

Cynthia Lee AlmondAlabama Public Service Commission

Republican

Session

Regular Session 2023

Title

COMMENDING MR. JOSEPH P. BORG FOR OUTSTANDING SERVICE TO HIS COUNTRY AND THE STATE OF ALABAMA.

Summary

A ceremonial joint resolution recognizing and commending Joseph P. Borg for decades of outstanding service to Alabama and the United States.

What This Bill Does

If enacted, the bill formally commends Joseph P. Borg for his 29-year career with the State of Alabama and leadership as Director of the Alabama Securities Commission. It highlights his roles with NASAA, his teaching and public service, and his testimony before Congress and international work. It is ceremonial and does not create laws or change government programs.

Who It Affects

• Joseph P. Borg – receives formal public recognition from Alabama's Legislature.
• Alabama residents, investors, and the state's financial/regulatory community – publicly acknowledged for the leadership and efforts to protect investors and maintain market stability.

Key Provisions

• Commends Joseph P. Borg for outstanding service to the country and the State of Alabama during his 29-year career.
• Recognizes his long tenure as Director of the Alabama Securities Commission since 1994.
• Notes his education (Bachelor's from City College of New York; law degree from Hofstra University School of Law).
• Highlights his service as Adjunct Faculty teaching the UCC, Banking, and Securities Law for 20 years.
• Acknowledges that he is the only person to have served nearly three decades as ASC Director and to have three terms as NASAA President.
• Lists leadership roles: NASAA Board of Directors member; Chair of International Committee; Chair of Enforcement; Ombudsman; and board roles with the National White Collar Crime Center, the Investor Protection Trust, and the Investor Protection Institute.
• Cites his service as a United States Delegate to the UN UNCITRAL Intergovernmental Expert Group on International Trade Law and its impact on understanding international fraud and identity issues.
• Notes his testimony before U.S. Congress (1997–2018) to various Senate and House committees on topics like micro-cap securities fraud, market integrity, and investor protection.
• Mentions his representation of State Securities Regulators at the National Conference of State Legislatures on federal preemption and maintaining parallel regulatory schemes for nationwide investor protection.
• States that the Legislature offers the resolution in high regard and with best wishes for continued success.

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Joseph P. Borg, Commended