STAND. COM. REP. NO.  1653-18

 

Honolulu, Hawaii

                , 2018

 

RE:   H.C.R. No. 41

 

 

 

 

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

 

Sir:

 

     Your Committee on Consumer Protection & Commerce, to which was referred H.C.R. No. 41 entitled:

 

"HOUSE CONCURRENT RESOLUTION REQUESTING THE AUDITOR TO CONDUCT A SUNRISE ANALYSIS OF THE REGULATION OF VIRTUAL CURRENCY BUSINESS ACTIVITIES,"

 

begs leave to report as follows:

 

     The purpose of this measure is to request the Auditor to conduct a sunrise analysis of the regulation of virtual currency business activities as set forth in S.B. No. 2129 and part I of H.B. No. 2257 H.D. 1, which were introduced during the Regular Session of 2018.

 

     The Commission to Promote Uniform Legislation and Oahu County Committee on Legislative Priorities of the Democratic Party of Hawaii testified in support of this measure.  The Division of Financial Institutions of the Department of Commerce and Consumer Affairs provided comments.

 

     As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 41 and recommends that it be referred to your Committee on Finance.

 

 

Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,

 

 

 

 

____________________________

ROY M. TAKUMI, Chair