Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 462, H.D. 1, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to enact a new Uniform Arbitration Act.

Your Committee finds that arbitration is a desirable alternative to litigation. Your Committee believes that this bill will facilitate arbitration as an effective means of resolving contractual disputes without the need for litigation by augmenting procedures to meet modern needs. Your Committee further finds that this bill adopts uniform standards ahead of the Federal Arbitration Act that would preempt Hawaii law.

Your Committee has amended the bill by changing the effective date from January 1, 2050 to January 1, 2020, to make the bill defective in order to promote continuing discussion. Your Committee has also amended the reference to this new date in section -3(c) of the new chapter added to the Hawaii Revised Statutes by section 1 of this Act.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 462, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 462, H.D. 1, S.D. 2.