Bill Summary – FastDemocracy

State of Alaska
                                                          Fiscal Note
                                                                                         Bill Version:                  HCS SB 93(JUD)
 2018 Legislative Session
                                                                                         Fiscal Note Number:            3
                                                                                         (H) Publish Date:              4/4/2018
 Identifier:       SB093-LAW-CIV-03-23-18                                  Department:       Department of Law
 Title:            CREDIT REPORT SECURITY FREEZE                           Appropriation: Civil Division
 Sponsor:          COGHILL                                                 Allocation:       Commercial and Fair Business
 Requester: House Judiciary                                                OMB Component Number:               2717
 Expenditures/Revenues
 Note: Amounts do not include inflation unless otherwise noted below.                                                         (Thousands of Dollars)
                                                 Included in
                                    FY2019       Governor's
                                Appropriation      FY2019                                       Out-Year Cost Estimates
                                  Requested       Request
 OPERATING EXPENDITURES               FY 2019        FY 2019       FY 2020                 FY 2021            FY 2022         FY 2023         FY 2024
 Personal Services
 Travel
 Services
 Commodities
 Capital Outlay
 Grants & Benefits
 Miscellaneous
 Total Operating                            0.0           0.0          0.0                       0.0              0.0              0.0              0.0
 Fund Source (Operating Only)
 None
 Total                                          0.0           0.0                 0.0            0.0              0.0              0.0              0.0
 Positions
 Full-time
 Part-time
 Temporary
 Change in Revenues
 None
 Total                                          0.0           0.0                 0.0            0.0              0.0              0.0              0.0
 Estimated SUPPLEMENTAL (FY2018) cost:            0.0                (separate supplemental appropriation required)
 (discuss reasons and fund source(s) in analysis section)
 Estimated CAPITAL (FY2019) cost:                 0.0                (separate capital appropriation required)
 (discuss reasons and fund source(s) in analysis section)
 ASSOCIATED REGULATIONS
 Does the bill direct, or will the bill result in, regulation changes adopted by your agency?            No
 If yes, by what date are the regulations to be adopted, amended or repealed?
 Why this fiscal note differs from previous version/comments:
 Updated to SLA2018 fiscal note template.
 Prepared By:             Valerie Rose, Budget Analyst                                                         Phone:       (907)465-3674
 Division:                Administrative Services Division                                                     Date:        03/22/2018 03:09 PM
 Approved By:             Jahna Lindemuth, Attorney General                                                    Date:        03/22/18
 Agency:                  Department of Law
Printed 4/4/2018                                                    Page 1 of 2                                                      Control Code: HDsrf
                                                                                                          HCS SB 93(JUD) - Fiscal Note 3
                                                  FISCAL NOTE ANALYSIS
STATE OF ALASKA                                                                    BILL NO. SB 93
2018 LEGISLATIVE SESSION
Analysis
   SB 93 would repeal and replace AS 45.48.220, under AS 45.48 (Personal Information Protection Act), which allows a parent
   or legal guardian to place a security freeze on the credit report of a minor, incapacitated person, or protected person.
   Under SB 93, AS 45.48.100  45.48.290 (Credit Report and Credit Score Security Freeze) would not apply to a security
   freeze on the credit report of a protected consumer. SB 93 allows a representative of a protected consumer to place a
   security freeze on the credit report of a protected consumer.
   If a credit report does not exist at the time the request is made, the consumer credit reporting agency would be required
   to generate a record for the protected consumer for the purpose of placing a security freeze. A representative of a
   protected consumer would be required to provide proof of identification in order to place a freeze on a protected
   consumers credit report, and the credit reporting agency would be required to place the freeze within a certain period of
   time.
   If a security freeze was placed on a protected persons credit report, the credit reporting agency would be prohibited from
   releasing the report without the express permission of the protected consumer or the protected consumers
   representative. The security freeze would remain in effect until removed by the protected consumer, protected
   consumers representative, or the credit reporting agency. A credit reporting agency would be permitted to charge $5 to
   place a security freeze on a protected consumers credit report, but would not be permitted to charge a fee in certain
   circumstances.
   SB 93 contains a list of exemptions that allow certain persons and entities to access the protected consumers credit
   report when the freeze is in place, and a list of definitions. The transition section of SB 93 allows a security freeze placed
   under AS 45.48.220 to remain in effect after the bills effective date.
   The Department of Law does not anticipate fiscal impact to the department should this bill become law.
(Revised 9/26/17 OMB/LFD)                                                                                              Page 2 of 2
SB093-LAW-CIV-03-23-18                                           Page 2 of 2                                                 Control Code: HDsrf
Statutes affected: 
SB0093A, AM SB 93, introduced 03/13/2017, passed Senate 04/10/2017: 45.48.220, 45.48.390, 45.48.100, 45.48.290, 45.48.395, 45.48.310, 45.48.380, 45.48.300, U.S.C, 45.48.320, 45.48.330, 45.48.340, 45.48.360, 45.48.370, 45.48.350, 11.46.565, 47.24.900
SB0093B, AM HCS SB 93(JUD), introduced 04/04/2018: 45.48.160, 45.48.130, 45.48.120, 45.48.170, 45.48.100, 45.48.290, 45.48.220, 45.48.390, 45.48.395, 45.48.310, 45.48.380, 45.48.300, U.S.C, 45.48.320, 45.48.330, 45.48.340, 45.48.360, 45.48.370, 45.48.350, 11.46.565, 47.24.900