STAND. COM. REP. NO. 912

Honolulu, Hawaii

, 2021

RE: H.B. No. 389

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 389, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO POST-SECONDARY EDUCATION,"

begs leave to report as follows:

The purpose of this measure is to require accredited and non‑accredited post-secondary educational institutions that are for-profit entities authorized by the Hawaii Post-secondary Education Authorization Program to disclose in print and electronic media and signage that they are for-profit businesses.

Your Committee received testimony in support of this measure from the Department of Commerce and Consumer Affairs' Office of Consumer Protection, Department of Commerce and Consumer Affairs' Post-Secondary Education Authorization Program, and two individuals. Your Committee received testimony in opposition to this measure from the University of Phoenix and Hawaii Medical College. Your Committee received comments on this measure from the Institute of Clinical Acupuncture and Oriental Medicine and Chamber of Commerce Hawaii.

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 H.B. No. 389, 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