STAND. COM. REP. NO. 1183
RE: H.B. No. 393
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirtieth State Legislature
Regular Session of 2019
State of Hawaii
Your Committee on Judiciary, to which was referred H.B. No. 393, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE HAWAII EMPLOYER-UNION HEALTH BENEFITS TRUST FUND,"
begs leave to report as follows:
The purpose of this measure is to create a fiduciary duty on Hawaii Employer-Union Health Benefits Trust Fund trustees, prohibit transactions where a trustee has a conflict of interest, and establish personal liability for breach of fiduciary duty.
The Hawaii Government Employees Association, AFSCME Local 152, AFL-CIO testified in support of this measure. The Department of Budget and Finance and Hawaii Employer-Union Health Benefits Trust Fund provided comments.
As affirmed by the record of votes of the members of your Committee on Judiciary that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 393, H.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Judiciary,
CHRIS LEE, Chair