HB 455 Hawaii House · 2025 Regular Session

RELATING TO SMALL BUSINESS LOANS.

Summary

Appropriates moneys to the Department of Business, Economic Development, and Tourism for the contracting of services for start-up business financing and support. Effective 7/1/3000. (SD2)

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Apr 2025

House Passage

Feb 2025

Senate Passage

Apr 2025

Governor

Introduced Jan 17, 2025 Last action Apr 21, 2025

Maddy AI version diff · 3 comparisons

What changed between versions

HB455_SD1 → HB455_SD2 · 6 edits

MODERATE

This bill was converted from a detailed statutory amendment establishing a new loan program into a simple appropriation measure. The original version created a comprehensive Hawaii Start-Up Business Loan Program with specific loan terms, eligibility rules, and administrative procedures. The new version removes all program details and instead appropriates funds for contracting external services to provide start-up business financing and support.

Scope change

The bill's scope changed from establishing a direct loan program with specific terms to appropriating funds for contracting third-party services for start-up business financing.

DEFINITION

Removed detailed statutory definitions for 'Department', 'Division', 'Financial institution', 'Program', and 'Start-up business'.

REQUIREMENT

Removed specific loan terms including maximum loan amount of $50,000, ten-year term limits, interest rate structures, and security requirements.

ELIGIBILITY

Removed eligibility criteria such as businesses being in operation for three years or less and requirements for financial assistance unavailability.

FISCAL

Added appropriation language for fiscal years 2025-2026 and 2026-2027 for contracting services, with a specific exclusion that businesses eligible for the community-based economic development loan program cannot participate.

TIMELINE

Changed effective date from unspecified to July 1, 3000 (likely a placeholder or error in the new version).

ENFORCEMENT

Removed administrative provisions for rule-making, loan inspections, progress reporting, and bankruptcy forgiveness provisions.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 10, 2025

Amended

House disagrees with Senate amendment (s).

lower

Apr 8, 2025

Introduced

Returned from Senate (Sen. Com. No. 641) in amended form (SD 2).

lower

Apr 8, 2025

Upper · Passed

Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Apr 3, 2025

Upper · Passed

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Apr 1, 2025

Upper · Passed

The committee(s) on WAM will hold a public decision making on 04-03-25 10:01AM; Conference Room 211 & Videoconference.

upper

Mar 17, 2025

Committee

Reported from EDT (Stand. Com. Rep. No. 1092) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Mar 11, 2025

Upper · Passed

The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDT were as follows: 5 Aye(s): Senator(s) DeCoite, Wakai, Fukunaga, Kim, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Mar 6, 2025

Upper · Passed

The committee(s) on EDT has scheduled a public hearing on 03-11-25 1:00PM; Conference Room 229 & Videoconference.

upper

Mar 4, 2025

Committee

Referred to EDT, WAM.

upper

Mar 4, 2025

Introduced

Received from House (Hse. Com. No. 106).

upper

Feb 28, 2025

Lower · Passed

Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick, Templo, Ward excused (4). Transmitted to Senate.

lower

Feb 24, 2025

Lower · Passed

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Ward.

lower

Feb 10, 2025

Committee

Reported from ECD (Stand. Com. Rep. No. 300) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Feb 5, 2025

Lower · Passed

The committee on ECD recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Ilagan, Hussey, Holt, Tam, Templo, Todd, Matsumoto; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.

lower

Jan 21, 2025

Committee

Referred to ECD, FIN, referral sheet 2

lower

Jan 21, 2025

Introduced

Introduced and Pass First Reading.

lower

Jan 17, 2025

Introduced

Pending introduction.

lower

20 primary · 0 co-sponsors