STAND. COM. REP. NO.  1651-16

Honolulu, Hawaii

                , 2016

RE:   S.B. No. 2298

      S.D. 1

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred 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,"

begs leave to report as follows:

The purpose of this measure is to adopt the Uniform Fiduciary Access to Digital Assets Act (2015).  Specifically, this measure:

     (1)  Authorizes an internet services user to establish a plan for the management and disposition of the user's electronic records, known as digital assets, following the user's death or incapacity;

     (2)  Establishes procedures for custodians of digital assets to disclose users' digital assets;

     (3)  Provides limitations on how digital assets may be used by a fiduciary following a user's death or incapacity; and

     (4)  Grants immunity to custodians of records for compliance with the Act.

The Commission to Promote Uniform Legislation and State Privacy and Security Coalition, Inc. supported this measure.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2298, S.D. 1, H.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair