HawaiiHB 25832025–2026 Regular Session (Year 2)House

RELATING TO ECONOMIC DEVELOPMENT.

Sponsored By: Kirstin Kahaloa (Democratic)

Passed

Summary

Establishes the Hawaii Micro-Lending Credit Enhancement Program within the Department of Business, Economic Development, and Tourism to expand micro-lending capacity by providing state‑funded loan loss reserves or other credit enhancement that absorbs first losses on qualified micro-loans made by participating lenders to Hawaii small businesses. Allows borrower fees and state matching contributions to capitalize lender-held loan loss reserve accounts. Establishes the Hawaii Micro-Lending Credit Enhancement Special Fund. Requires reports to the Legislature. Appropriates funds. Effective 7/1/3050. (SD1)

DBEDTMicro-LendingCredit EnhancementLoan Loss ReserveSmall BusinessesSpecial FundReportsAppropriationEDT, WAM/CPN

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Kirstin Kahaloa

    Democratic • House

Cosponsors

  • Sue L. Keohokapu-Lee Loy

    Democratic • House

  • Darius K. Kila

    Democratic • House

  • Matthias Kusch

    Democratic • House

  • Lisa Marten

    Democratic • House

  • Tyson K. Miyake

    Democratic • House

  • Amy A. Perruso

    Democratic • House

  • Mahina Poepoe

    Democratic • House

  • Julie Reyes Oda

    Republican • House

  • Garner M. Shimizu

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 144 • No: 0

Senate vote 4/14/2026

Senate Floor Vote

Yes: 25 • No: 0

Senate vote 4/7/2026

The committee(s) on CPN recommend(s) that the measure be PASSED, UNAMENDED. The...

Yes: 4 • No: 0

Senate vote 4/7/2026

The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The...

Yes: 11 • No: 0

Senate vote 3/17/2026

The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENT...

Yes: 3 • No: 0

House vote 3/5/2026

House Floor Vote

Yes: 50 • No: 0

House vote 2/18/2026

Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN...

Yes: 51 • No: 0

Actions Timeline

  1. Received notice of Senate conferees (Sen. Com. No. 725).

    4/23/2026House
  2. Senate Conferees Appointed: DeCoite Chair; Wakai, Lamosao Co-Chairs; Fevella.

    4/22/2026Senate
  3. House Conferees Appointed: Ilagan, Hussey Co-Chairs; Tam, Gedeon.

    4/20/2026House
  4. Received notice of appointment of House conferees (Hse. Com. No. 786).

    4/20/2026Senate
  5. Received notice of disagreement (Hse. Com. No. 780).

    4/17/2026Senate
  6. House disagrees with Senate amendment (s).

    4/16/2026House
  7. Report adopted; Passed Third Reading. Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

    4/14/2026Senate
  8. Returned from Senate (Sen. Com. No. 706) in amended form (SD 1).

    4/14/2026House
  9. Reported from WAM/CPN (Stand. Com. Rep. No. 3737) with recommendation of passage on Third Reading.

    4/10/2026Senate
  10. One Day Notice 04-14-26.

    4/10/2026Senate
  11. The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Lee, C., Richards.

    4/7/2026Senate
  12. The committee(s) on CPN recommend(s) that the measure be PASSED, UNAMENDED. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, McKelvey; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.

    4/7/2026Senate
  13. The committee(s) on WAM/CPN will hold a public decision making on 04-07-26 10:30AM; Conference Room 211 & Videoconference.

    4/2/2026Senate
  14. Reported from EDT (Stand. Com. Rep. No. 3145) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/CPN.

    3/24/2026Senate
  15. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/CPN.

    3/24/2026Senate
  16. The committee(s) on EDT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDT were as follows: 3 Aye(s): Senator(s) DeCoite, Wakai, Fukunaga; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Kim, Fevella.

    3/17/2026Senate
  17. The committee(s) on EDT has scheduled a public hearing on 03-17-26 1:00PM; Conference Room 229 & Videoconference.

    3/13/2026Senate
  18. Referred to EDT, WAM/CPN.

    3/10/2026Senate
  19. Received from House (Hse. Com. No. 120).

    3/6/2026Senate
  20. Passed First Reading.

    3/6/2026Senate
  21. Reported from FIN (Stand. Com. Rep. No. 773-26), recommending passage on Third Reading.

    3/5/2026House
  22. Passed Third Reading with Representative(s) Iwamoto voting aye with reservations; none voting no (0) and Representative(s) Perruso excused (1). Transmitted to Senate.

    3/5/2026House
  23. The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 16 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; Noes: none; and Excused: none.

    3/2/2026House
  24. Bill scheduled to be heard by FIN on Monday, 03-02-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.

    2/27/2026House
  25. Reported from ECD (Stand. Com. Rep. No. 424-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

    2/18/2026House

Bill Text

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