Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Commerce, Consumer Protection and Housing, to which was referred S.B. No. 2906 entitled:

begs leave to report as follows:

The purpose of this measure is to repeal filing fees charged for the issuance of certificates of good standing.

The Department of Commerce and Consumer Affairs, the Retail Merchants of Hawaii, and the Chamber of Commerce of Hawaii testified in support of the measure.

Your Committee finds that this measure will lower the cost of doing business in Hawaii and create a business-friendly atmosphere that will attract new businesses to Hawaii. Further, this measure will encourage and reward companies that conduct business in accordance with the law and applicable business regulations.

As affirmed by the record of votes of the members of your Committee on Commerce, Consumer Protection and Housing that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2906 and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.