STAND. COM. REP. NO. 825-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2469
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No.
2469 entitled: 

     "A BILL FOR AN ACT RELATING TO SUBPOENAS ISSUED BY THE
     DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS,"

begs leave to report as follows:

     The purpose of this bill is to:

     (1)  Allow the Director of Commerce and Consumer Affairs to
          delegate to a designee the authority to subpoena
          witnesses; and

     (2)  Requires that a financial institution that is served a
          subpoena by the Department of Commerce and Consumer
          Affairs (DCCA) be reimbursed for costs incurred in
          responding to the subpoena at a rate no higher than the
          rate paid by the Department of the Attorney General or
          the Office of the Prosecuting Attorney.

     The DCCA supported this bill.  The Hawaii League of Savings
Institutions and Hawaii Bankers Association opposed this bill.

     Upon further consideration, your Committee has amended this
bill by deleting the requirement that financial institutions be
reimbursed for expenses incurred in responding to subpoenas at a
rate no higher than that paid by the Department of the Attorney
General or the Office of the Prosecuting Attorney.


 
 
                                 STAND. COM. REP. NO. 825-00
                                 Page 2

 
     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.
2469, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as H.B. No. 2469, H.D. 1.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Finance,



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair