Urge Governor Dunleavy to Veto SB 39 and Preserve Economic Mobility

Many Alaska households face an affordability crisis today due to four years of high inflation and high interest rates. Senate Bill 39 would make it worse by restricting access to lending options for Alaskans when they need it most. 

SB39 would be particularly detrimental to Alaskans who don’t have cash to meet an unforeseen need. They are largely young, female, and racial minorities. They depend on different forms of credit, such as short-term loans from fintech lenders, to cover expenses. When states impose limits on access to credit, consumers turn to costly alternatives that leave them more financially insecure. SB 39 would backfire by erecting barriers to financial products that fulfill pressing needs for households. 

SB39 would be detrimental to women, individuals, and small businesses. 

Urge Governor Dunleavy to veto SB39 today and preserve lending options in Alaska. Stand for Alaskans’ financial security and economic mobility!