CONFERENCE COMMITTEE REP. NO. -0 189-06
Honolulu, Hawaii
, 2006
RE: S.B. No. 2143
S.D. 2
H.D. 1
C.D. 1
Honorable Robert Bunda
President of the Senate
Twenty-Third State Legislature
Regular Session of 2006
State of Hawaii
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Third State Legislature
Regular Session of 2006
State of Hawaii
Sir:
Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 2143, S.D. 2, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO MONEY TRANSMITTERS,"
having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.
The purpose of this bill is to establish a system of licensure for the money transmitter industry in Hawaii and to prohibit money transmission from being used to facilitate illegal activities.
Your Committee has amended this measure by:
(1) Adding a section that allows the Commissioner of Financial Institutions to adopt rules pursuant to Chapter 91, Hawaii Revised Statutes, to implement this bill;
(2) Making technical, nonsubstantive amendments for clarity and style; and
(3) Changing the effective date from "July 1, 2050" to "upon approval."
As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 2143, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 2143, S.D. 2, H.D. 1, C.D. 1.
Respectfully submitted on behalf of the managers:
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ON THE PART OF THE HOUSE |
ON THE PART OF THE SENATE |
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____________________________ ROBERT N. HERKES, Co-Chair |
____________________________ RON MENOR, Chair |
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____________________________ SYLVIA LUKE, Co-Chair |
____________________________ BRIAN T. TANIGUCHI, Co-Chair |
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____________________________ CINDY EVANS, Co-Chair |
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