Bill > SB2804

This bill amends existing law in Hawaii to prohibit any person from acquiring and holding stocks, assets, or other interests in another entity if doing so would substantially lessen competition, **lessen access to health care**, or **increase insurance rates** within the state. This is an addition to the current prohibition against actions that tend to create a monopoly. The bill clarifies that this restriction does not apply to individuals holding stock solely for investment purposes without using it to influence competition or create a monopoly, nor does it prevent the formation of legitimate subsidiary businesses. The bill also defines "control" over a subsidiary, which includes owning a significant percentage of voting securities, having the power to elect a majority of directors, or exerting dominant influence over management and policies. This measure is set to take effect on January 30, 2050.

Business and Industry, Health and Social Services

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2804&year=2026