HB 1277 Hawaii House · 2025 Regular Session

RELATING TO DIGITAL FINANCIAL ASSET.

HB 1277 sets a daily transaction limit of $1,000 for businesses using digital financial asset transaction kiosks. This bill directly affects companies operating these kiosks by restricting how much can be transacted through them in a single day. The key provision is the $1,000 daily cap, which applies to all transactions processed via such kiosks. The measure becomes effective on July 1, 3000, as stated in the official abstract.

Issues: ✗ Technology

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Mar 2025

House Passage

Mar 2025

Senate Passage

Governor

Introduced Jan 22, 2025 Last action Mar 6, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

HB1277_HD1 → HB1277_HD2 · 3 edits

MINOR

The bill text was reformatted from a House Draft 1 version to a House Draft 2 version, with the primary substantive change being an update to the exemption list for digital financial assets. The original draft excluded securities qualified with the Department of Commerce and Consumer Affairs, while the new draft updates this to reference Chapter 485A (the Hawaii Securities Act), aligning the language with current state securities law.

Scope change

The bill's scope remains focused on limiting daily transactions through digital financial asset kiosks to $1,000 per customer, with no change to the core operational restrictions.

DEFINITION

Updated the exemption for securities from referencing the Department of Commerce and Consumer Affairs to referencing Chapter 485A, which is the state's securities registration framework.

TECHNICAL

Added metadata headers and document control information typical of legislative tracking systems, including bill numbers, revision dates, and document identifiers.

Removed legacy document headers and page numbers from the original House Draft 1 version.

Floor votes

How they voted

This bill passed the House by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 6, 2025

Committee

Referred to LBT, CPN.

upper

Mar 6, 2025

Introduced

Received from House (Hse. Com. No. 347).

upper

Mar 4, 2025

Lower · Passed

Passed Third Reading as amended in HD 2 with none voting aye with reservations; Representative(s) Garcia, Muraoka voting no (2) and Representative(s) Pierick, Ward excused (2). Transmitted to Senate.

lower

Feb 25, 2025

Lower · Passed

The committee on JHA recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Tarnas, Poepoe, Belatti, Hashem, Perruso, Takayama, Todd; Ayes with reservations: none; Noes: none; and 4 Excused: Representative(s) Cochran, Kahaloa, Garcia, Shimizu.

lower

Feb 11, 2025

Committee

Reported from CPC (Stand. Com. Rep. No. 420) as amended in HD 1, recommending passage on Second Reading and referral to JHA.

lower

Feb 4, 2025

Lower · Passed

The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Marten, Tam; Ayes with reservations: none; 1 Noes: Representative(s) Pierick; and 2 Excused: Representative(s) Kong, Lowen.

lower

Jan 27, 2025

Committee

Referred to CPC, JHA, referral sheet 4

lower

Jan 23, 2025

Introduced

Introduced and Pass First Reading.

lower

Jan 22, 2025

Introduced

Pending introduction.

lower

10 primary · 0 co-sponsors