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 reflects the recommendations of the Sunset Committee, which has determined that the Commission should continue its functions. The bill explicitly preserves the relevant code sections under Chapter 6 of Title 8 of the Code of Alabama 1975, ensuring that the Commission's legal framework remains intact.

The act will take effect on June 1, 2024, and includes the insertion of the phrase "Enrolled," indicating its finalization. There are no deletions from current law noted in the text of the bill. The passage of this bill signifies the Legislature's agreement with the Sunset Committee's recommendations and underscores the importance of the Alabama Securities Commission in regulating securities within the state.