Stablecoin; license required for issuance or sale of stablecoins, Alabama Securities Commission to enforce and authorize, penalties provided
What it does: This act is the Financial Innovation and Market Expansion Act. This act adds Chapter 7B to Title 8, Code of Alabama 1975, to: (1) prohibit issuing payment stablecoins without a permit, subject to exceptions; (2) beginning 2028, prohibit digital asset service providers from offering payment stablecoins not issued by permittees, subject to exceptions; (3) authorize the Alabama Securities Commission to establish a license application process according to specified requirements; (4) require licensees to implement anti-money laundering and economic sanctions programs; (5) authorize and require the… (official summary)
Question before the chamber: Petition To Close Debate
The tally
Yes 26 · No 7 · Not voting 2
Bar: green = yes, brown = no, striped = not voting.
| Party | Yes | No | Not voting |
|---|---|---|---|
| Democrats | 0 | 7 | 1 |
| Republicans | 26 | 0 | 1 |
Most Democrats voted no; most Republicans voted yes.
The full roll (35)
Yes 26
- Andrew JonesR10
- April WeaverR14
- Arthur OrrR3
- Chris ElliottR32
- Clyde ChamblissR30
- Dan RobertsR15
- David SessionsR35
- Donnie ChesteenR29
- Garlan GudgerR4
- Gerald AllenR21
- Greg AlbrittonR22
- Jabo WaggonerR16
- Jack WilliamsR34
- Jay HoveyR27
- Josh CarnleyR31
- Keith KelleyR12
- Lance BellR11
- Larry StuttsR6
- Randy PriceR13
- Sam GivhanR7
- Shay ShelnuttR17
- Steve LivingstonR8
- Tim MelsonR1
- Tom ButlerR2
- Wes KitchensR9
- Will BarfootR25
No 7
Not voting 2
“Not voting” is a recorded non-vote, not a reason for the absence. Parties come from public rosters; how we count.