Hawaii legislation · 2026 Regular Session
Hawaii HB455: Relating to Small Business Loans.
Status: Failed, April 2, 2026
Establishes the Hawaii start-up business loan program. Establishes the Hawaii start-up business loan program special fund. Requires DBEDT to submit an annual report to the Legislature regarding the program. Appropriates funds.
What the bill says
A bill for an act relating to small business loans.
From the engrossed text:
A BILL FOR AN ACT RELATING TO SMALL BUSINESS LOANS. SECTION 1. The legislature finds that the COVID-19 pandemic, supply chain issues, and inflation have hurt the State's economy and local businesses on every level, including the start-up industry. Despite this, many small businesses and entrepreneurs are ready to take the leap into starting up a business but lack the resources to do so, as access to capital is one of the biggest barriers for start-ups. The legislature further finds that new businesses and young companies under five years of age create the most new jobs, on net, in the United States. While the State offers a variety of financial assistance to start-up businesses in Hawaii, most assistance is to help existing businesses expand and scale up, rather than to help successfully launch new businesses. The legislature believes that providing support to local small businesses and entrepreneurs looking to begin a start-up could lead to the creation of more jobs in the State. HB455 SD2 LRB 25-1779.docx Page H.B. NO. S.D. Accordingly, the purpose of this Act is to appropriate moneys to the department of business, economic development, and tourism for the contracting of services for start-up business financing and support, thereby encouraging entrepreneurship, economic diversification, and resilience. SECTION 2. There is appropriated out of the general revenues of the …
Sponsors
- Greggor Ilagan (D, 4) · primary sponsor
- Luke Evslin (D, 16)
- Diamond Garcia (R, 42)
- Linda Ichiyama (D, 31)
- Kim Iwamoto (D, 25)
- Kirstin Kahaloa (D, 6)
- Jeanne Kapela (D, 5)
- Lisa Kitagawa (D, 48)
- Sam Kong (D, HD-033)
- Trish La Chica (D, 37)
- Lisa Marten (D, 51)
- Scot Matayoshi (D, 49)
Latest actions
- : Received notice of the discharge of all House Conferees (Hse. Com. No. 457).
- : House Conferee(s) discharged.
- : Carried over to 2026 Regular Session.
- : Received notice of appointment of House conferees (Hse. Com. No. 755).
- : House Conferees Appointed: Ilagan, Hussey Co-Chairs; Matsumoto.
- : Received notice of disagreement (Hse. Com. No. 704).
- : House disagrees with Senate amendment (s).
- : Returned from Senate (Sen. Com. No. 641) in amended form (SD 2).
- : 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.
- : 48 Hrs. Notice 04-08-25.
Votes
- Report adopted; Passed Third Reading, as amended (SD 2) (April 8, 2025): 25 yea, 0 nay, passed
- WAM: recommend(s) that the measure be PASSED, WITH AMENDMENTS (April 3, 2025): 13 yea, 0 nay, passed
- EDT: recommend(s) that the measure be PASSED, WITH AMENDMENTS (March 11, 2025): 5 yea, 0 nay, passed
- Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick, Templo, Ward excused (4) (February 28, 2025): 47 yea, 0 nay, passed
- FIN: recommend that the measure be PASSED, UNAMENDED (February 24, 2025): 15 yea, 0 nay, 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) Belatti, Cochran, Kila, Ward excused (4) (February 10, 2025): 47 yea, 0 nay, passed
Subjects: Report, Appropriations, DBEDT, Small Business Loans
Common questions
- What is HB455?
- HB455 is a bill in the Hawaii Legislature (2026 Regular Session): Relating to Small Business Loans.
- What does HB455 do?
- In its own words: A bill for an act relating to small business loans.
- What is the status of HB455?
- Failed as of April 2, 2026. Latest action: Received notice of the discharge of all House Conferees (Hse. Com. No. 457). (April 2, 2026).
- Who sponsored HB455?
- Greggor Ilagan (D, 4), with 11 co-sponsors.
- Where is the official record for HB455?
- On the Hawaii Legislature website: https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=HB&billnumber=455&year=2026
Source: official Hawaii record. Tracked by Delilah, AI for legislation across all 50 states and Congress.