STAND.
COM. REP. NO. 233
Honolulu, Hawaii
, 2019
RE: H.B. No. 1409
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 Economic Development & Business, to which was referred H.B. No. 1409 entitled:
"A BILL FOR AN ACT RELATING TO SUSTAINABLE BUSINESS CORPORATIONS,"
begs leave to report as follows:
(1) Requiring that sustainable business corporations file annual benefit reports with the Department of Commerce and Consumer Affairs (DCCA);
(2) Authorizing DCCA to terminate a sustainable business corporation designation for noncompliance with statutory requirements; and
(3) Requiring the Business Registration Division within DCCA to allow for sustainable business corporation status to be a searchable field on its website, and to post a list of sustainable business corporations registered to do business in the State.
Your Committee has amended this measure by:
(1) Changing its effective date to April 25, 2112, to promote further
discussion; and
(2) Making technical, nonsubstantive amendments for clarity,
consistency, and style.
Although your Committee has concerns that many of the requirements in this measure, such as listing registered sustainable business corporations on DCCA's website, are already being done, your Committee nonetheless feels that the regulatory enhancement proposals within this measure deserve further consideration.
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. 1409, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1409, H.D. 1, and be referred to your Committee on Consumer Protection & Commerce.
Respectfully submitted on behalf of the members of the Committee on Economic Development & Business,
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____________________________ ANGUS L.K. McKELVEY, Chair |