STAND. COM. REP. NO. 704

Honolulu, Hawaii

, 2021

RE: H.B. No. 264

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. 264, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO TRANSPORTATION NETWORK COMPANIES,"

begs leave to report as follows:

The purpose of this measure is to make permanent the motor vehicle insurance requirements for transportation network companies and transportation network company drivers by repealing the sunset provision of Act 236, Session Laws of Hawaii 2016.

Your Committee received testimony in support of this measure from the Hawaii Insurers Council, National Association of Mutual Insurance Companies, American Property Casualty Insurance Association, and Hawaii Transportation Association.

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. 264, 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