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HI SB2778
Bill
Status
Introduced
1/23/2026
Primary Sponsor
Jarrett Keohokalole
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AI Summary
- Requires Hawaii state officials (Governor, Lieutenant Governor, legislators, department heads and deputies) along with their spouses and dependent children to divest or place covered investments in blind trusts compliant with the federal Ethics in Government Act of 1978
- Current officials must certify compliance by August 1, 2026, and complete divestment or blind trust placement by October 1, 2026; new officials have 30 days to certify and 120 days to comply after taking office
- Prohibits covered officials and their family members from acquiring new covered investments (securities, commodities, futures) during their term of service
- Covered investments exclude diversified mutual funds, diversified ETFs, U.S. Treasury securities, and government retirement plan holdings
- State Ethics Commission will enforce compliance, impose fines for violations per 30-day period of non-compliance, publish certifications and blind trust agreements online, and may grant extensions of up to 180 days total (45 days maximum per extension)
Legislative Description
Relating To Ethics.
Penalties
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDC/WAM.
2/18/2026
Committee Referrals
Judiciary2/18/2026
Labor and Technology1/30/2026
Full Bill Text
No bill text available