AlaskaHB 12634th Legislature (2025-2026)House

REINSTATEMENT NATIVE CORPS/ANCSA REPORTS

Sponsored By: Neal Foster (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Broader reporting rules for Native corporations

The law expands filing rules for Alaska-law corporations formed under the Alaska Native Claims Settlement Act. Covered corporations must file annual reports and shareholder voting materials with the Alaska administrator when sharing them with at least 30 Alaska-resident shareholders. The rule applies when at least 500 original shareholders were recorded as holding a class of shares at formation. Corporations no longer need more than $1 million in total assets for the filing rule to apply. The corporations handle the filing.

Dissolved Native village corporations gained reinstatement

The law allowed eligible Native village corporations dissolved by Alaska's commissioner to seek reinstatement through December 31, 2020. This covered corporations formed under Alaska's corporation law that missed the usual reinstatement period, including the two-year limit. Reinstatement restores corporate and shareholder rights, privileges, liabilities, and obligations as though dissolution never happened. Actions taken by the corporation and shareholders during dissolution are also treated as valid. If the old corporate name is unavailable, the board alone can approve a name change. The law took effect immediately.

Sponsors & Cosponsors

Sponsor

  • Neal Foster

    Democratic • House

Cosponsors

  • Jamie Allard

    Republican • House

  • Burke

    Affiliation unavailable

  • Jeremy Bynum

    Republican • House

  • Matt Claman

    Democratic • Senate

  • Mike Cronk

    Republican • Senate

  • David Nelson

    Republican • House

  • Maxine Dibert

    Democratic • House

  • Cathy Giessel

    Republican • Senate

  • Elvi Gray-Jackson

    Democratic • Senate

  • Nellie Unangiq Jimmie

    Democratic • House

  • Andy Josephson

    Democratic • House

  • Chuck Kopp

    Republican • House

  • Kelly Merrick

    Republican • Senate

  • Gary Stevens

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 76 • No: 43

House vote • 5/20/2026

CONCUR AM OF (S) Y36 N3 A1

Yes: 36 • No: 3

House vote • 5/18/2025

AM NO 1 ADOPTED Y23 N17

Yes: 23 • No: 17

House vote • 5/18/2025

AM NO 2 FAILED Y17 N23

Yes: 17 • No: 23

Actions Timeline

  1. (H) EFFECTIVE DATE(S) OF LAW 6/25/26

    7/3/2026House
  2. (H) SIGNED INTO LAW 6/24 CHAPTER 37 SLA 26

    7/3/2026House
  3. (H) 1:55 P.M. 6/8/26 TRANSMITTED TO GOVERNOR

    6/10/2026House
  4. (H) EFFECTIVE DATE(S) SAME AS PASSAGE

    5/20/2026House
  5. (H) CONCUR AM OF (S) Y36 N3 A1

    5/20/2026House
  6. (H) CONCUR MESSAGE TAKEN UP

    5/20/2026House
  7. (H) TITLE CHANGE: SCR 13

    5/20/2026House
  8. (H) CONCUR MESSAGE RECEIVED

    5/20/2026House
  9. (S) VERSION: SCS CSHB 126(L&C)

    5/19/2026Senate
  10. (S) TRANSMITTED TO (H) AS AMENDED

    5/19/2026Senate
  11. (S) EFFECTIVE DATE(S) SAME AS PASSAGE

    5/19/2026Senate
  12. (S) PASSED Y20 N-

    5/19/2026Senate
  13. (S) READ THE THIRD TIME SCS CSHB 126(L&C)

    5/19/2026Senate
  14. (S) ADVANCED TO THIRD READING 5/19 CAL

    5/18/2026Senate
  15. (S) L&C SCS ADOPTED UC

    5/18/2026Senate
  16. (S) READ THE SECOND TIME

    5/18/2026Senate
  17. (S) RULES TO CALENDAR 5/18/2026

    5/18/2026Senate
  18. (S) FN6: ZERO(CED)

    5/13/2026Senate
  19. (S) FN5: ZERO(CED)

    5/13/2026Senate
  20. (S) AM: DUNBAR

    5/13/2026Senate
  21. (S) DP: GRAY-JACKSON, YUNDT

    5/13/2026Senate
  22. (S) NR: BJORKMAN

    5/13/2026Senate
  23. (S) TITLE CHANGE: SCR 13

    5/13/2026Senate
  24. (S) L&C RPT SCS 1NR 2DP 1AM NEW TITLE

    5/13/2026Senate
  25. (S) Moved SCS CSHB 126(L&C) Out of Committee

    5/11/2026Senate

Bill Text

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