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Alaska2026Passed Legislature

SB221

SB221: Restricting State Investments in DigitalBridge

Last scannedSep 10, 2026, 12:32 AM

In one sentence

This law stops specific Alaska state groups from investing money with or doing business with DigitalBridge Group and its related companies.

What it does

  • Prohibits fiduciaries of state funds from investing in or working with DigitalBridge Group, Inc. or its affiliates.
  • Bans the Alaska Retirement Management Board from making investments with or conducting business involving DigitalBridge Group.
  • Prevents the Alaska Permanent Fund Corporation Board from investing state money with DigitalBridge Group or related companies.
  • Stops the commissioner of revenue from placing funds in a special budget reserve subaccount with DigitalBridge Group.

Who it affects

  • Fiduciaries managing state funds
  • The Alaska Retirement Management Board
  • The Alaska Permanent Fund Corporation Board
  • DigitalBridge Group, Inc. and its affiliates

Limits and unknowns

  • The official text does not list an effective date for this law.
  • The source material does not explain the reasons why DigitalBridge Group was selected for these restrictions.

Official record

Sources

Validated
Official bill pageIntroduced textCurrent bill text

Official summary

RESTRICTING STATE FUND FIDUCIARY An Act restricting a fiduciary of a state fund, the Alaska Retirement Management Board, and the Alaska Permanent Fund Corporation Board from investing or doing business with DigitalBridge Group, Inc., or an affiliate of DigitalBridge Group, Inc.

Official activity

Bill history

  1. (S) Minutes (SFIN)Min
  2. (S) -- Invited & Public Testimony -- -- Please Note Time Change --Text
  3. (S) FINANCE at 01:30 PM SENATE FINANCE 532Text
  4. (S) COSPONSOR(S): GRAY-JACKSON, GIESSEL1521
  5. (S) REFERRED TO FINANCE1489
  6. (S) FIN1489
  7. (S) READ THE FIRST TIME - REFERRALS1489