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---
type: "Bill"
title: "RELATING TO AFFORDABLE HOUSING."
description: "Allows a bank to invest, in aggregate, up to fifteen per cent of the bank's capital and surplus in limited partnerships, limited liability partnerships, limited liability companies, and corporations formed to invest in affordable housing residential properties without the prior approval of the Commissioner of Financial Institutions or an after-the-fact notice. Authorizes an eligible bank to make an investment exceeding fifteen per cent, but not exceeding twenty per cent, of the bank's capital and surplus without prior notification to, or approval by, the Commissioner if the eligible bank submits an after-the-fact notice. (CD1)"
jurisdiction: "us/states/hi"
legislature: "Hawaii Legislature"
session: "2023 Regular Session"
identifier: "SB 764"
citation: "Hawaii SB 764 (2023 Regular Session)"
classification: ["bill"]
subjects: ["Affordable Housing", "Aggregate Investments", "Approval", "Assets", "Banks", "Capital and Surplus", "Commissioner of Financial Institutions", "Notice"]
status: "enacted"
primary_sponsors: ["KANUHA"]
version_count: 6
action_count: 51
vote_count: 7
first_action: "2023-01-20"
last_action: "2023-06-21"
source: "openstates"
source_identifier: "ocd-bill/4b1defbf-e3cc-46fd-8aa6-d4a43e99d955"
source_url: "https://capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=764&year=2023"
source_hash: "16530e2c2f7bc3b11226824c3d1af03f09bbefa53ee9a3eed440300527100825"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-hi"]
---
# Hawaii SB 764 (2023 Regular Session) — RELATING TO AFFORDABLE HOUSING.
Allows a bank to invest, in aggregate, up to fifteen per cent of the bank's capital and surplus in limited partnerships, limited liability partnerships, limited liability companies, and corporations formed to invest in affordable housing residential properties without the prior approval of the Commissioner of Financial Institutions or an after-the-fact notice. Authorizes an eligible bank to make an investment exceeding fifteen per cent, but not exceeding twenty per cent, of the bank's capital and surplus without prior notification to, or approval by, the Commissioner if the eligible bank submits an after-the-fact notice. (CD1)
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **SB764** (committee substitute) — [source](https://capitol.hawaii.gov/sessions/session2023/bills/SB764_.HTM)
2. **SB764_CD1** (committee substitute) — [source](https://capitol.hawaii.gov/sessions/session2023/bills/SB764_CD1_.HTM)
3. **SB764_HD1** (committee substitute) — [source](https://capitol.hawaii.gov/sessions/session2023/bills/SB764_HD1_.HTM)
4. **SB764_HD2** (committee substitute) — [source](https://capitol.hawaii.gov/sessions/session2023/bills/SB764_HD2_.HTM)
5. **SB764_HD3** (committee substitute) — [source](https://capitol.hawaii.gov/sessions/session2023/bills/SB764_HD3_.HTM)
6. **SB764_SD1** (committee substitute) — [source](https://capitol.hawaii.gov/sessions/session2023/bills/SB764_SD1_.HTM)
## Votes
- The committee(s) on HOU recommend(s) that the measure be PASSED, UNAMENDED. — **41** (pass) · upper
- The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. — **140** (pass) · lower
- The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. — **30** (pass) · upper
- The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. — **80** (pass) · lower
- The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. — **31** (pass) · upper
- The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. — **110** (pass) · lower
- The Conference Committee recommends that the measure be Passed, with Amendments. — **40** (pass) · lower
## Sponsors
- KANUHA — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2023-06-21** Act 096, 06/21/2023 (Gov. Msg. No. 1197). `became-law`
- **2023-06-21** Act 096, on 06/21/2023 (Gov. Msg. No. 1197). `became-law`
- **2023-05-03** Enrolled to Governor. `executive-receipt`
- **2023-05-04** Received notice of passage on Final Reading in House (Hse. Com. No. 900). `receipt`
- **2023-05-02** Received notice of Final Reading (Sen. Com. No. 993). `receipt`
- **2023-05-02** Passed Final Reading as amended in CD 1 with none voting aye with reservations; Representative(s) Hussey-Burdick, Kapela, Perruso voting no (3) and Representative(s) Quinlan excused (1). `passage`
- **2023-05-02** Passed Final Reading, as amended (CD 1). Ayes, 24; Aye(s) with reservations: Senator(s) Fevella. Noes, 1 (Senator(s) Awa). Excused, 0 (none). `passage`
- **2023-04-28** Forty-eight (48) hours notice Tuesday, 05-02-23.
- **2023-04-28** Reported from Conference Committee (Conf Com. Rep. No. 100) as amended in (CD 1).
- **2023-04-28** 48 Hrs. Notice (as amended CD 1) 05-02-23.
- **2023-04-28** Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 100).
- **2023-04-27** The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Hashimoto, Yamashita, Aiu, Matsumoto; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Nakashima.
- **2023-04-27** The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Chang, Keohokalole, Aquino; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. `committee-passage-favorable`
- **2023-04-26** Conference committee meeting to reconvene on 04-27-23 10:35AM; Conference Room 224.
- **2023-04-25** Conference committee meeting to reconvene on 04-26-23 10:35AM; Conference Room 224.
- **2023-04-24** Conference committee meeting scheduled for 04-25-23 10:45AM; Conference Room 224.
- **2023-04-24** Received notice of appointment of House conferees (Hse. Com. No. 840). `receipt`
- **2023-04-21** House Conferees Appointed: Hashimoto, Nakashima, Yamashita Co-Chairs; Aiu, Matsumoto.
- **2023-04-19** Received notice of Senate conferees (Sen. Com. No. 911). `receipt`
- **2023-04-19** Senate Conferees Appointed: Chang Chair; Keohokalole Co-Chair; Aquino.
- **2023-04-13** Received notice of disagreement (Sen. Com. No. 888). `receipt`
- **2023-04-13** Senate disagrees with House amendments. `amendment-failure`
- **2023-04-13** Received from House (Hse. Com. No. 750). `introduction, receipt`
- **2023-04-11** Passed Third Reading as amended in HD 3 with none voting aye with reservations; Representative(s) Kapela, Perruso voting no (2) and Representative(s) Todd excused (1). Transmitted to Senate. `passage`
- **2023-04-06** Forty-eight (48) hours notice Tuesday, 04-11-23.
- **2023-04-06** Reported from FIN (Stand. Com. Rep. No. 2142) as amended in HD 3, recommending passage on Third Reading.
- **2023-04-04** The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Cochran, Garrett, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Poepoe, Takenouchi, Alcos; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Nishimoto, Ward. `committee-passage-favorable`
- **2023-03-31** Bill scheduled to be heard by FIN on Tuesday, 04-04-23 3:00PM in House conference room 308 VIA VIDEOCONFERENCE.
- **2023-03-24** Report adopted. referred to the committee(s) on FIN as amended in HD 2 with none voting aye with reservations; Representative(s) Perruso voting no (1) and Representative(s) Ilagan excused (1).
- **2023-03-24** Reported from CPC (Stand. Com. Rep. No. 1534) as amended in HD 2, recommending referral to FIN.
- **2023-03-21** The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 11 Ayes: Representative(s) Nakashima, Sayama, Amato, Belatti, Hashem, Hussey-Burdick, Gates, Lowen, Onishi, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none. `committee-passage-favorable`
- **2023-03-17** Bill scheduled to be heard by CPC on Tuesday, 03-21-23 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
- **2023-03-17** Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1). `reading-2, referral-committee`
- **2023-03-17** Reported from HSG (Stand. Com. Rep. No. 1319) as amended in HD 1, recommending passage on Second Reading and referral to CPC.
- **2023-03-15** The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Hashimoto, Aiu, Evslin, Kitagawa, Marten, Onishi, Todd, Matsumoto; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Kila. `committee-passage-favorable`
- **2023-03-10** Bill scheduled to be heard by HSG on Wednesday, 03-15-23 9:00AM in House conference room 312 VIA VIDEOCONFERENCE.
- **2023-03-09** Referred to HSG, CPC, FIN, referral sheet 17 `referral-committee`
- **2023-03-09** Pass First Reading `reading-1`
- **2023-03-07** Received from Senate (Sen. Com. No. 259) in amended form (SD 1). `introduction, receipt`
- **2023-03-07** Report Adopted; Passed Third Reading, as amended (SD 1). Ayes, 23; Aye(s) with reservations: Senator(s) Fevella. Noes, 1 (Senator(s) Awa). Excused, 1 (Senator(s) Fukunaga). Transmitted to House. `passage`
- **2023-03-03** 48 Hrs. Notice 03-07-23.
- **2023-03-03** Reported from CPN (Stand. Com. Rep. No. 755) with recommendation of passage on Third Reading, as amended (SD 1).
- **2023-02-21** The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, Richards; Aye(s) with reservations: none ; 1 No(es): Senator(s) Awa; and 1 Excused: Senator(s) McKelvey. `committee-passage-favorable`
- **2023-02-17** The committee(s) on CPN will hold a public decision making on 02-21-23 10:00AM; Conference Room 229 & Videoconference.
- **2023-02-13** Report adopted; Passed Second Reading and referred to CPN. `reading-2, referral-committee`
- **2023-02-13** Reported from HOU (Stand. Com. Rep. No. 180) with recommendation of passage on Second Reading and referral to CPN.
- **2023-01-31** The committee(s) on HOU recommend(s) that the measure be PASSED, UNAMENDED. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Kanuha, Aquino, Rhoads; Aye(s) with reservations: none ; 1 No(es): Senator(s) Awa; and 0 Excused: none. `committee-passage-favorable`
- **2023-01-27** The committee(s) on HOU has scheduled a public hearing on 01-31-23 1:00PM; Conference Room 225 & Videoconference.
- **2023-01-25** Referred to HOU, CPN. `referral-committee`
- **2023-01-23** Passed First Reading. `reading-1`
- **2023-01-20** Introduced. `introduction`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4b1defbf-e3cc-46fd-8aa6-d4a43e99d955`. Confidence: reported (aggregated from official Hawaii legislature records).