CONFERENCE COMMITTEE REP. NO. 117-08
Honolulu, Hawaii
, 2008
RE: S.B. No. 3009
S.D. 2
H.D. 2
C.D. 1
Honorable Colleen Hanabusa
President of the Senate
Twenty-Fourth State Legislature
Regular Session of 2008
State of Hawaii
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Fourth State Legislature
Regular Session of 2008
State of Hawaii
Madam and 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. 3009, S.D. 2, H.D. 2, 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 effectively regulate the money transmitter industry by amending the Money Transmitters Act under chapter 489D, Hawaii Revised Statutes.
Specifically, this bill amends chapter 489D, Hawaii Revised Statutes, to:
(1) Change the application and licensing fees;
(2) Enhance consumer protections;
(3) Make clarifying amendments; and
(4) Correct errors and omissions.
Your Committee on Conference finds that money transmitters sell payment instruments, such as money orders, or receive money for transmission to other locations within the United States or overseas. There are currently over forty licensed money transmitters in the State.
Your Committee on Conference has amended this bill to change the effective date from July 1, 2020, to January 1, 2009.
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. 3009, S.D. 2, H.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 3009, S.D. 2, H.D. 2, C.D. 1.
Respectfully submitted on behalf of the managers:
ON THE PART OF THE HOUSE |
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ON THE PART OF THE SENATE |
____________________________ ROBERT N. HERKES, Co-Chair |
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____________________________ RUSSELL S. KOKUBUN, Chair |
____________________________ BLAKE K. OSHIRO, Co-Chair |
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____________________________ BRIAN T. TANIGUCHI, Co-Chair |
____________________________ MARCUS R. OSHIRO, Co-Chair |
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____________________________ ROSALYN H. BAKER, Co-Chair |
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