CONFERENCE COMMITTEE REP. NO. 114-16

Honolulu, Hawaii

                 , 2016

RE:    S.B. No. 2298

       S.D. 1

       H.D. 1

       C.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

Sirs:

     Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 2298, S.D. 1, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE UNIFORM FIDUCIARY ACCESS TO DIGITAL ASSETS ACT,"

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 measure is to adopt a revised version of the Uniform Fiduciary Access to Digital Assets Act, which provides authority to plan for the management and disposition of digital assets.

     Your Committee on Conference finds that the Uniform Law Commission has worked to address concerns raised by Internet service providers and privacy advocates over the original Uniform Fiduciary Access to Digital Assets Act, which the Uniform Law Commission first adopted in 2014.  As a result of those efforts, the Uniform Law Commission has adopted a revised version of the Uniform Fiduciary Access to Digital Assets Act.  Your Committee on Conference further finds that the Revised Uniform Fiduciary Access to Digital Assets Act, which this measure proposes to adopt, is intended to modernize fiduciary law for the Internet Age by providing Internet users with the ability and authority to plan for the management and disposition of their digital assets in a manner similar to the process for management and disposition of tangible property.

     Your Committee on Conference has amended this measure by:

     (1)  Changing the effective date to July 1, 2016; and

     (2)  Making a technical, nonsubstantive amendment for the purposes of clarity and consistency.

     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. 2298, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 2298, S.D. 1, H.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE HOUSE

ON THE PART OF THE SENATE

____________________________ ANGUS L.K. MCKELVEY, Co-Chair	___________________________________ ROSALYN H. BAKER, Chair
____________________________ KARL RHOADS, Co-Chair	___________________________________ GILBERT S.C. KEITH-AGARAN, Co-Chair
____________________________ SCOTT Y. NISHIMOTO, Co-Chair	___________________________________ BRICKWOOD GALUTERIA, Co-Chair