STAND. COM. REP. NO.  65

Honolulu, Hawaii

                , 2015

RE:   H.B. No. 1158

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

Sir:

     Your Committee on Economic Development & Business, to which was referred H.B. No. 1158 entitled:

"A BILL FOR AN ACT RELATING TO SUSTAINABLE BUSINESS CORPORATIONS,"

begs leave to report as follows:

The purpose of this measure is to expand opportunities relative to intellectual property by additionally including, as allowable specific public benefits to sustainable business corporations, the right to exclude any copyright or trademark in which the sustainable business corporation has an interest for the following:

     (1)  Creating and retaining good jobs within Hawaii and throughout the United States;

     (2)  Upholding fair labor standards nationally and internationally; and

     (3)  Enhancing environmental protection nationally and internationally.

Ingenuity Underwriters, Experiad, and a concerned individual testified in support of this measure.

     As affirmed by the record of votes of the members of your Committee on Economic Development & Business that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1158 and recommends that it pass Second Reading and be referred to the Committee on Labor & Public Employment.

Respectfully submitted on behalf of the members of the Committee on Economic Development & Business,

____________________________

DEREK S.K. KAWAKAMI, Chair