STAND. COM. REP. NO. 873

Honolulu, Hawaii

, 2019

RE: H.B. No. 314

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 314, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO GIFT CERTIFICATES,"

begs leave to report as follows:

The purpose of this measure is to require a gift certificate issuer to redeem the remaining value of a gift certificate for cash if the gift certificate has a remaining balance of less than $5.

The Department of Commerce and Consumer Affairs supported this measure. The Hawaii Food Industry Association, Hawai‘i Restaurant Association, and Retail Merchants of Hawaii opposed this measure.

As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 314, H.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,

____________________________

ROY M. TAKUMI, Chair