REQUESTING THE STATE OF HAWAII TO CONSIDER IMPORT SUBSTITUTION AS A KEY STRATEGY FOR ECONOMIC GROWTH AND DIVERSIFICATION.
What changed between versions
Added seven specific directives for state agencies to implement import substitution strategies, including identifying replaceable sectors, proposing policy incentives, collaborating with stakeholders, examining historical precedents, developing a strategic plan, avoiding new fossil fuel import dependencies, and leveraging monopsony powers.
Added a new directive to examine historical experiences of the Kingdom, Territory, and State of Hawaii to determine how governmental support contributed to local industry growth and how these lessons can be adapted to modern economic realities.
Added a new directive to leverage monopsony powers to substitute existing imports and avert new import dependencies.
Added a new directive to take steps to avoid and prevent new import dependencies, including the importation of fossil fuels such as liquefied natural gas.
Established a new deadline requiring agencies to submit a joint report with findings and recommendations to the Legislature no later than twenty days prior to the convening of the Regular Session of 2026.
Changed the document format from traditional legislative text to a digital template format with metadata headers and structured formatting.