The bill, known as SB133, seeks to extend the existence and operations of the Alabama Securities Commission until October 1, 2028, in accordance with the Alabama Sunset Law. The legislation includes an insertion that formally continues the Commission's functions and preserves the relevant code sections under Chapter 6 of Title 8, Code of Alabama 1975. The bill reflects the recommendations of the Sunset Committee, which has reviewed the Commission's performance and deemed it necessary for continued operation.

Additionally, the bill specifies that it will take effect on June 1, 2024. There are no deletions from current law noted in the text of the bill, indicating that the existing legal framework for the Alabama Securities Commission remains intact while extending its operational timeline. The bill has passed both the Senate and the House of Representatives, demonstrating legislative support for the continuation of the Commission's work.