STAND.
COM. REP. NO. 956-22
Honolulu, Hawaii
, 2022
RE: H.B. No. 2113
H.D. 2
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirty-First State Legislature
Regular Session of 2022
State of Hawaii
Sir:
Your Committee on Judiciary & Hawaiian Affairs, to which was referred H.B. No. 2113, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO MONEY TRANSMITTERS,"
begs leave to report as follows:
Your Committee finds
that the majority of states only require a federal criminal history background
review since states are reporters to the national criminal background
database. Hawaii has been a reporter to
the national criminal history background database for the past seven
years. Since learning that the State was
a reporter to the national database, the Department of Commerce and Consumer
Affairs' Division of Financial Institutions reviewed parallel state and federal
criminal history background reviews and found no discrepancies on disqualifying
crimes.
Your Committee further
finds that NMLS is the sole nationwide platform that provides
information-sharing among state regulators to increase efficiencies for
supervision and enhance consumer protection.
The cloud-based system provides state agencies with access to up-to-date
criminal history records from the national database and helps ensure that
persons in a position of trust meet established standards to protect consumers
and businesses.
This measure streamlines
the process for money transmitter applicants by requiring a criminal history
record check through either NMLS or the state review.
Your Committee has amended this measure by making a technical, nonsubstantive amendment for the purposes of clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Judiciary & Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2113, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2113, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Judiciary & Hawaiian Affairs,
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____________________________ MARK M. NAKASHIMA, Chair |
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