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HB202Introduced in the House

Relating To The Adequate Reserve Fund.

Engrossed

Introduced by Jackson Sayama, District 21

What does this bill do?

Plain-English breakdown

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Official description

Amends the definition of "adequate reserve fund" by increasing the multiplier used to calculate its amount from the existing factor of 1, to unspecified amounts for calendar year 2026 and for calendar year 2027 and thereafter. Requires the Department of Labor and Industrial Relations to conduct an actuarial study and report to the Legislature. Effective 7/1/2050. (SD2)

Where it stands

Received notice of appointment of House conferees (Hse. Com. No. 799).

April 21, 2026

How did lawmakers vote?

SenateStage: Senate Ways and Means: Passed, With Amendments · April 2, 2025

13

Yes

0

No

0

Absent or Not Voting

13 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

See how each senator voted

Bill history

  1. Pending introduction.

  2. Introduced and Pass First Reading.

  3. Referred to LAB, FIN, referral sheet 1

  4. Bill scheduled to be heard by LAB on Thursday, 02-06-25 9:00AM in House conference room 309 VIA VIDEOCONFERENCE.

  5. The committee on LAB recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Sayama, Lee, M., Garrett, Kapela, Kong, Reyes Oda; Ayes with reservations: none; Noes: none; and Excused: none.

  6. Reported from LAB (Stand. Com. Rep. No. 476) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

  7. Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Sayama, Ward excused (3).

  8. Bill scheduled to be heard by FIN on Friday, 02-21-25 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.

  9. The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 12 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Holt, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Miyake, Templo, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 4 Excused: Representative(s) Lee, M., Morikawa, Alcos, Ward.

  10. Reported from FIN (Stand. Com. Rep. No. 830), recommending passage on Third Reading.

  11. Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick, Templo, Ward excused (4). Transmitted to Senate.

  12. Received from House (Hse. Com. No. 10).

  13. Passed First Reading.

  14. Referred to LBT, WAM.

  15. The committee(s) on LBT has scheduled a public hearing on 03-12-25 3:00PM; Conference Room 224 & Videoconference.

  16. The committee(s) on LBT recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in LBT were as follows: 4 Aye(s): Senator(s) Aquino, Lee, C., Ihara, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Moriwaki.

  17. Reported from LBT (Stand. Com. Rep. No. 1169) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

  18. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

  19. The committee(s) on WAM will hold a public decision making on 04-02-25 10:01AM; Conference Room 211 & Videoconference.

  20. The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

  21. Reported from WAM (Stand. Com. Rep. No. 1802) with recommendation of passage on Third Reading, as amended (SD 2).

  22. 48 Hrs. Notice 04-08-25.

  23. Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

  24. Returned from Senate (Sen. Com. No. 601) in amended form (SD 2).

  25. House disagrees with Senate amendment (s).

  26. Received notice of disagreement (Hse. Com. No. 704).

  27. House Conferees Appointed: Sayama, Lee, M. Co-Chairs; Reyes Oda.

  28. Received notice of appointment of House conferees (Hse. Com. No. 732).

  29. Senate Conferees Appointed: Aquino Chair; Moriwaki Co-Chair; Fevella.

  30. Received notice of Senate conferees (Sen. Com. No. 810).

  31. Bill scheduled for Conference Committee Meeting on Monday, 04-21-25 10:00AM in conference room 016.

  32. Conference Committee Meeting will reconvene on Wednesday 04-23-25 10:00AM in conference room 016.

  33. Conference Committee Meeting will reconvene on Thursday 04-24-25 10:00AM in conference room 016.

  34. Carried over to 2026 Regular Session.

  35. Senate Conferee(s) discharged.

  36. Received notice of all Senate conferees being discharged (Sen. Com. No. 409).

  37. House Conferee(s) discharged.

  38. Received notice of the discharge of all House Conferees (Hse. Com. No. 457).

  39. House Conferees Appointed: Sayama, Lee, M. Co-Chairs; Reyes Oda.

  40. Received notice of appointment of House conferees (Hse. Com. No. 799).

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