# Hawaii SB 2431: RELATING TO HEALTH SAVINGS ACCOUNTS.

Hawaii SB 2431, RELATING TO HEALTH SAVINGS ACCOUNTS., is a 2025–2026 Regular Session (Year 2) Senate bill sponsored by Dru Mamo Kanuha (Democratic); status failed, last action 2026-03-18 (The committee(s) on HLT recommend(s) that the measure be deferred.); PRIA reads it as touching household money (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/HI-SB2431-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Hawaii SB 2431
- State: Hawaii
- Session: 2025–2026 Regular Session (Year 2)
- Title: RELATING TO HEALTH SAVINGS ACCOUNTS.
- Status: failed
- Chamber: Senate
- Introduced: 2026-01-22
- Last action: 2026-03-18, The committee(s) on HLT recommend(s) that the measure be deferred.
- Sponsor: Dru Mamo Kanuha (Democratic)
- Cosponsors: 2
- Subjects: Department of Taxation, Health Insurance, Health Savings Account-Eligible High Deductible Health Plan, Bronze Plan, Catastrophic Plan, Tax Credit, Medically Underserved Areas, HLT, CPC, FIN
- Touches household money: yes
- Roll calls: 3 (42 yes, 0 no in all)
- Economic provisions PRIA read: 0

## Summary

For taxable years beginning 1/1/2026, establishes a tiered nonrefundable tax credit for qualified taxpayer insurers that offer one or more federally qualified health savings account-eligible high deductible health plans in the State, under certain conditions, and increasing the tax credit to incentivize more plans being written for residents in rural medically underserved areas of the State. Requires qualified taxpayer insurers to match up to a certain amount of a policyholder's first-time contribution into a health savings account. Sunsets 12/31/2030. Effective 7/1/2050. (SD1)

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Dru Mamo Kanuha (Democratic), Senate
- Cosponsor: Stanley Chang (Democratic), Senate
- Cosponsor: Troy N. Hashimoto (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-03-10 | Senate | Senate Floor Vote | pass | 25 | 0 |   |
| 2026-03-05 | Senate | The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The... | pass | 13 | 0 |   |
| 2026-02-11 | Senate | The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENT... | pass | 4 | 0 |   |

## Actions (18)

- 2026-03-18: The committee(s) on HLT recommend(s) that the measure be deferred. (House)
- 2026-03-12: Pass First Reading (House)
- 2026-03-12: Referred to HLT, CPC, FIN, referral sheet 17 (House)
- 2026-03-12: Bill scheduled to be heard by HLT on Wednesday, 03-18-26 9:00AM in House conference room 329 VIA VIDEOCONFERENCE. (House)
- 2026-03-10: Report adopted; Passed Third Reading. Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House. (Senate)
- 2026-03-10: Received from Senate (Sen. Com. No. 239) in amended form (SD 1). (House)
- 2026-03-06: Reported from WAM (Stand. Com. Rep. No. 2967) with recommendation of passage on Third Reading. (Senate)
- 2026-03-06: One Day Notice 03-10-26. (Senate)
- 2026-03-05: The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. (Senate)
- 2026-03-04: The committee(s) on WAM has rescheduled its decision making to 03-05-26 12:04PM; CR 211 & Videoconference. (Senate)
- 2026-03-03: The committee(s) on WAM will hold a public decision making on 03-05-26 10:15AM; Conference Room 211 & Videoconference. (Senate)
- 2026-02-20: Reported from CPN (Stand. Com. Rep. No. 2549) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. (Senate)
- 2026-02-20: Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. (Senate)
- 2026-02-11: The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Lamosao. (Senate)
- 2026-02-05: The committee(s) on CPN has scheduled a public hearing on 02-11-26 9:30AM; CR 229 & Videoconference. (Senate)
- 2026-01-28: Referred to CPN, WAM. (Senate)
- 2026-01-22: Introduced. (Senate)
- 2026-01-22: Passed First Reading. (Senate)

## Bill text

- Bill Text: [PDF](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2431_SD1_.pdf)
- Original: [HTML](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2431_.HTM), [PDF](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2431_.PDF)
- SB2431_SD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2431_SD1_.HTM)

## Related bills

- SB 847: RELATING TO PSYCHOLOGISTS. (became law)
- SB 2338: RELATING TO HOUSING. (signed)
- HB 2344: RELATING TO SCHOOL FACILITIES. (signed)
- HB 2023: RELATING TO TRANSPORTATION. (signed)
- HB 2021: RELATING TO TRANSPORTATION. (signed)
- SB 2031: RELATING TO CONSUMER PROTECTION. (signed)

## Sources
- [Bill Text (PDF)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2431_SD1_.pdf)
- [Original (HTML)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2431_.HTM)
- [Original (PDF)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2431_.PDF)
- [SB2431_SD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2431_SD1_.HTM)

## Related
- [SB 847: RELATING TO PSYCHOLOGISTS.](https://policyrisk.com/state-bill/HI-SB847-2026)
- [SB 2338: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-SB2338-2026)
- [HB 2344: RELATING TO SCHOOL FACILITIES.](https://policyrisk.com/state-bill/HI-HB2344-2026)
- [HB 2023: RELATING TO TRANSPORTATION.](https://policyrisk.com/state-bill/HI-HB2023-2026)
- [HB 2021: RELATING TO TRANSPORTATION.](https://policyrisk.com/state-bill/HI-HB2021-2026)
- [SB 2031: RELATING TO CONSUMER PROTECTION.](https://policyrisk.com/state-bill/HI-SB2031-2026)
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- [Hawaii state hub](https://policyrisk.com/states/hawaii)
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Source: PRIA, https://policyrisk.com/state-bill/HI-SB2431-2026 (as of 2026-11-01).