HB 12

RELATING TO SECURITIES

By Representative(s) HIRAKI / TAKUMI

Keywords: BUSINESS ENTERPRISES, DEPT. OF COMMERCE AND CONSUMER AFFAIRS, SECURITIES, SMALL BUSINESS, TRADE REGULATIONS

Report Title: Small Business; Financing

Description: Authorizes small companies to raise capital through small corporate offering registration (SCOR), a uniform registration system that allows small companies to obtain equity financing by selling common stock directly to the public. Defines SCOR. Identifies registration form to be utilized by SCOR. Clarifies that DCCA is to administer the SCOR program.

 1-20-99        H Introduced and passed First Reading                      
 1-21-99        H Referred to the committees on 1. EDB 2. CPC ,
                  referral sheet 1
 1-25-99        H Bill scheduled to be heard by EDB on Thursday,
                  01-28-99 at 8:30 A.M. in House conference room 325.
 1-28-99        H The committee(s) recommends that the measure be
                  deferred.
 2- 8-99        H Bill scheduled for decision making on Thursday,
                  02-11-99 at 8:30 A.M. in House conference room 325.
 2-11-99        H The committee on EDB recommends that the measure be         
                  HELD.
 2-11-99        H The votes in EDB were as follows:10 Ayes: Rep.(s)
                  Herkes, Luke, Abinsay, Chang, Kaho`ohalahala,
                  Morihara, Suzuki, Halford, Rath, Whalen; Ayes with
                  reservations: Rep.(s) ; none Noes: Rep.(s) ; and 3
                  Excused: Rep.(s) Ahu Isa, Ito, Saiki
 1-19-00        H Carried over to 2000 Regular Session.