summary
Introduced
01/23/2026
01/23/2026
In Committee
02/18/2026
02/18/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Requires a Governor, Lieutenant Governor, member of the Legislature, department heads and their deputies, and any spouse or dependent child of a Governor, Lieutenant Governor, member of the Legislature, or department head and their deputies to place certain financial interests in a blind trust. Prohibits a Governor, Lieutenant Governor, member of the Legislature, department head and their deputies, and any spouse or dependent child of a Governor, Lieutenant Governor, member of the Legislature, or department head and their deputies from acquiring certain financial interests during their term of service. Effective 1/1/2077. (SD1)
AI Summary
This bill requires certain high-ranking state officials, including the Governor, Lieutenant Governor, legislators, department heads and their deputies, as well as their spouses and dependent children, to place specific financial interests, referred to as "covered investments" (which include stocks, commodities, and similar financial instruments), into a "blind trust." A blind trust is defined as a trust where the owner has no knowledge of or control over the assets within it, ensuring impartiality. The bill also prohibits these officials and their immediate family members from acquiring any such covered investments while they are in office. These provisions are intended to prevent conflicts of interest and promote ethical conduct in government, with the new rules set to take effect on January 1, 2077.
Committee Categories
Justice, Labor and Employment
Sponsors (4)
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDC/WAM. (on 02/18/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2778&year=2026 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SB2778_SD1_.HTM |
| Committee Report SB2778_SD1_SSCR2315_ | https://www.capitol.hawaii.gov/sessions/session2026/CommReports/SB2778_SD1_SSCR2315_.pdf |
| SB2778_TESTIMONY_LBT_02-11-26_ | https://www.capitol.hawaii.gov/sessions/session2026/Testimony/SB2778_TESTIMONY_LBT_02-11-26_.PDF |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SB2778_.HTM |
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