SB 2804 Hawaii Senate · 2026 Regular Session

RELATING TO COMMERCE.

SB 2804 bars companies from acquiring or holding stocks or investments that reduce access to healthcare services or raise insurance premiums. It directly affects corporations and investment entities making such financial decisions. The key provision prohibits these specific stock holdings if they demonstrably harm healthcare affordability or availability. The bill aims to prevent corporate investment practices that negatively impact patients and insurance costs, without specifying enforcement details.

Issues: ✓ Healthcare

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2026

Committee Review

Apr 2026

Senate Passage

Mar 2026

House Passage

Apr 2026

Governor

Introduced Jan 23, 2026 Last action Apr 16, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

SB2804_HD1 → SB2804_SD1 · 2 edits

MINOR

The bill was amended from House Draft 1 to Senate Draft 1, primarily updating the effective date from July 1, 3000, to January 30, 2050. This change aligns the law's implementation with a realistic future timeline, ensuring the prohibition on acquiring health stocks that reduces access or raises rates will take effect in the near future rather than millennia from now.

Scope change

The scope of the bill remains substantively the same, but the timeline for when the new restrictions on health stock ownership become active has been moved forward by approximately 2,970 years.

TIMELINE

The effective date of the Act was changed from July 1, 3000, to January 30, 2050, making the law applicable much sooner.

TECHNICAL

The bill header and associated metadata were updated to reflect the Senate Draft version, including changes to author names and revision numbers.

Floor votes

How they voted

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

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 16, 2026

Amended

Senate disagrees with House amendments.

upper

Apr 16, 2026

Introduced

Received from House (Hse. Com. No. 703).

upper

Apr 14, 2026

Lower · Passed

Passed Third Reading with none voting aye with reservations; Representative(s) Shimizu voting no (1) and Representative(s) Quinlan excused (1). Transmitted to Senate.

lower

Apr 7, 2026

Lower · Passed

The committee on CPC recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 11 Ayes: Representative(s) Matayoshi, Grandinetti, Chun, Ilagan, Ichiyama, Iwamoto, Kong, Lowen, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.

lower

Mar 24, 2026

Committee

Reported from HLT (Stand. Com. Rep. No. 1352-26) as amended in HD 1, recommending passage on Second Reading and referral to CPC.

lower

Mar 20, 2026

Lower · Passed

The committee on HLT recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Takayama, Keohokapu-Lee Loy, Amato, Marten, Olds, Takenouchi, Alcos, Garcia; Ayes with reservations: Representative(s) Hartsfield; Noes: none; and Excused: none.

lower

Mar 12, 2026

Committee

Referred to HLT, CPC, referral sheet 17

lower

Mar 10, 2026

Introduced

Received from Senate (Sen. Com. No. 299) in amended form (SD 1).

lower

Mar 10, 2026

Upper · Passed

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

upper

Mar 4, 2026

Upper · Passed

The committee(s) on JDC recommend(s) that the measure be PASSED, UNAMENDED. The votes in JDC were as follows: 5 Aye(s): Senator(s) Rhoads, Gabbard, Chang, San Buenaventura, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Mar 4, 2026

Upper · Passed

The committee(s) on CPN recommend(s) that the measure be PASSED, UNAMENDED. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) McKelvey.

upper

Feb 27, 2026

Upper · Passed

The committee(s) on CPN/JDC will hold a public decision making on 03-04-26 9:25AM; Conference Room 229 & Videoconference.

upper

Feb 18, 2026

Upper · Passed

Report adopted; Passed Second Reading, as amended (SD 1) and referred to CPN/JDC.

upper

Feb 18, 2026

Committee

Reported from HHS (Stand. Com. Rep. No. 2346) with recommendation of passage on Second Reading, as amended (SD 1) and referral to CPN/JDC.

upper

Feb 13, 2026

Upper · Passed

The committee(s) on HHS recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HHS were as follows: 5 Aye(s): Senator(s) San Buenaventura, McKelvey, Kanuha, Keohokalole, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Feb 10, 2026

Upper · Passed

The committee(s) on HHS added the measure to the public hearing scheduled on 02-13-26 1:00PM; CR 225 & Videoconference.

upper

Jan 30, 2026

Committee

Referred to HHS, CPN/JDC.

upper

Jan 23, 2026

Introduced

Introduced.

upper

6 primary · 0 co-sponsors