STAND. COM. REP. NO. 913-26

Honolulu, Hawaii

, 2026

RE: H.B. No. 2106

H.D. 1

Honorable Nadine K. Nakamura

Speaker, House of Representatives

Thirty-Third State Legislature

Regular Session of 2026

State of Hawaii

Madame:

Your Committee on Judiciary & Hawaiian Affairs, to which was referred H.B. No. 2106 entitled:

"A BILL FOR AN ACT RELATING TO FINANCIAL DISCLOSURES,"

begs leave to report as follows:

The purpose of this measure is to require public financial disclosure statements from members and executive leadership of certain boards and commissions having broad budgetary, investment, or expenditure authority.

Your Committee received testimony in support of this measure from the Hawaiʻi State Ethics Commission; League of Women Voters of Hawaii; Public First Law Center; and seven individuals.

Your Committee finds that public financial disclosure helps identify and prevent conflicts of interest, promote accountability, and reinforces the public's confidence that state decision-makers act in the public interest. Your Committee further finds that requiring members and chief executive officers of boards and commissions that manage large sums of public funds, exercise significant financial discretion, or make decisions with substantial economic impact to public financial disclosure requirements will ensure that those individuals who exercise the greatest influence over high-value public resources are covered by uniform disclosure standards.

Your Committee has amended this measure by:

(1) Clarifying the scope of individuals required to submit public financial disclosure statements; and

(2) Making technical, nonsubstantive amendments 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. 2106, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2106, H.D. 1, and be placed on the calendar for Third Reading.

Respectfully submitted on behalf of the members of the Committee on Judiciary & Hawaiian Affairs,

____________________________

DAVID A. TARNAS, Chair