STAND. COM. REP. NO. 1905

Honolulu, Hawaii

RE: H.B. No. 66

H.D. 1

S.D. 2

Honorable Ronald D. Kouchi

President of the Senate

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committee on Judiciary, to which was referred H.B. No. 66, H.D. 1, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO ATHLETE AGENTS,"

begs leave to report as follows:

The purpose and intent of this measure is to repeal the existing Uniform Athlete Agents Act and replace it with the Revised Uniform Athlete Agents Act, which applies to certain financial advisers and makes other changes to the Uniform Act to increase effectiveness and enforceability.

Your Committee received testimony in support of this measure from the Department of Education, Department of Commerce and Consumer Affairs, National Collegiate Athletic Association, and Commission to Promote Uniform Legislation.

Your Committee finds that the Uniform Athlete Agents Act, adopted by the Legislature in 2007, has helped to reduce improper contact between agents and student athletes. However, your Committee further finds that the Act as it currently exists is not broad enough to provide adequate protection for student athletes from other professional service providers, and that one variation of the athlete agent problem has been developing in the form of financial advisers who are not subject to the Uniform Athlete Agents Act. This measure repeals the current Uniform Athlete Agents Act and replaces it with the Revised Uniform Athlete Agents Act, which expands applicability of the Uniform Act to financial advisers under certain circumstances and requires these individuals to register as athlete agents.

Your Committee has amended this measure by making technical, nonsubstantive amendments for the purposes of clarity and consistency.

As affirmed by the record of votes of the members of your Committee on Judiciary that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 66, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 66, H.D. 1, S.D. 2.

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

________________________________

KARL RHOADS, Chair