Bill > SB348

This bill establishes the Uniform Antitrust Pre-Merger Notification Act, which requires certain businesses to provide electronic copies of their Hart-Scott-Rodino (HSR) pre-merger notification forms to the state attorney general. Specifically, businesses must file these forms if they have their principal place of business in Hawaii or if they have annual net sales in the state of at least 20% of the federal HSR filing threshold. The bill mandates that these filings must be complete electronic copies of the HSR form and, in some cases, additional supporting documentary materials. The attorney general is prohibited from charging fees for these filings and must keep the submitted documents confidential, with limited exceptions for legal proceedings or sharing with other state attorneys general who have similar confidentiality laws. The bill allows the attorney general to impose civil penalties of up to $10,000 per day for non-compliance and emphasizes the importance of maintaining uniformity with similar laws in other jurisdictions. The act will apply only to pre-merger notifications filed on or after its effective date, which will be upon approval.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=348&year=2026