STAND. COM. REP. NO. 1315

Honolulu, Hawaii

, 2021

RE: H.R. No. 35

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

Sir:

Your Committee on Economic Development, to which was referred H.R. No. 35 entitled:

"HOUSE RESOLUTION URGING UNITED STATES PRESIDENT JOSEPH R. BIDEN, JR., AND THE ASIA‑PACIFIC ECONOMIC COOPERATION TO HOLD THE 2023 ASIA‑PACIFIC ECONOMIC COOPERATION SUMMIT IN HONOLULU, HAWAII,"

begs leave to report as follows:

The purpose of this measure is to urge United States President Joseph R. Biden, Jr., and the Asia-Pacific Economic Cooperation to hold the 2023 Asia-Pacific Economic Cooperation Summit in Honolulu, Hawaii.

Your Committee received testimony in support of this measure from the Hawai‘i Tourism Authority.

Your Committee finds that the Asia-Pacific Economic Cooperation is the premier forum for facilitating free trade, economic growth, and investment cooperation in the Asia‑Pacific region. This measure would urge the Asia-Pacific Economic Cooperation to host its annual conference in Honolulu, Hawaii, which would result in immediate growth in business activity in the State and may also establish a positive reputation for Hawaii as a place to facilitate other global diplomatic conferences.

As affirmed by the record of votes of the members of your Committee on Economic Development that is attached to this report, your Committee concurs with the intent and purpose of H.R. No. 35 and recommends that it be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Economic Development,

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SEAN QUINLAN, Chair