STAND. COM. REP. NO. 3425

 

Honolulu, Hawaii

                  

 

RE:    H.C.R. No. 32

 

 

 

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

 

Madam:

 

     Your Committees on Technology and the Arts, Public Safety, Intergovernmental and Military Affairs, and Commerce and Consumer Protection, to which was referred H.C.R. No. 32 entitled:

 

"HOUSE CONCURRENT RESOLUTION URGING CONGRESS, HAWAII FINANCIAL INSTITUTIONS, AND HAWAII BUSINESSES TO ADOPT LEGISLATION, POLICIES, AND PROCEDURES TO USE IDENTITY THEFT-RESISTANT CREDIT CARDS,"

 

beg leave to report as follows:

 

     The purpose and intent of this measure is to urge the United States Congress, Hawaii financial institutions, and Hawaii businesses to adopt legislation, policies, and procedures to implement the use of identity theft-resistant credit cards.

 

     Your Committees received testimony in support of this measure from the Department of Commerce and Consumer Affairs, Hawaii State Federal Credit Union, and Honolulu Police Department.  Your Committees received comments on this measure from the Hawaii Bankers Association, Hawaii Financial Services Association, and Hawaii Credit Union League.

 

     Your Committees find that identity theft is expected to surpass traditional theft as the leading form of property crime.  Identity theft, including credit card data theft, is a serious crime that can devastate an individual's finances, credit history, and reputation.  To protect consumers and reduce fraud, identity theft-resistant credit cards have been developed.  Identity theft-resistant credit cards have small, digital, internal components that allow a consumer to enter a personal unlocking code that generates a unique credit card number for every transaction, making the credit card more difficult to use by thieves.  Identity theft-resistant credit cards are used throughout Europe and Asia, and at least one major bank in the State is already testing identity theft-resistant credit cards.

 

     As affirmed by the records of votes of the members of your Committees on Technology and the Arts, Public Safety, Intergovernmental and Military Affairs, and Commerce and Consumer Protection that are attached to this report, your Committees concur with the intent and purpose of H.C.R. No. 32, and recommend its adoption.

 

Respectfully submitted on behalf of the members of the Committees on Technology and the Arts, Public Safety, Intergovernmental and Military Affairs, and Commerce and Consumer Protection,

 

____________________________

WILL ESPERO, Chair

 

____________________________

GLENN WAKAI, Chair

 

 

____________________________

ROSALYN H. BAKER, Chair