Section 45.48.540 - Exemptions(a) A business or a governmental agency is not required to comply with AS 45.48.500 - 45.48.530 if federal law requires that the business or governmental agency act in a way that does not comply with AS 45.48.500 - 45.48.530.(b) A business is not required to comply with AS 45.48.500 - 45.48.530 if (1) the business is subject to and in compliance with the Gramm-Leach-Bliley Financial Modernization Act; or(2) the manner of the disposal of the records of the business is subject to 15 U.S.C. 1681w (Fair Credit Reporting Act) and the business is complying with 15 U.S.C. 1681w. Amended by SLA 2015, ch. 22,sec. 47, eff. 5/14/2015.