HB 2583: DBEDT; MICRO-LENDING; CREDIT ENHANCEMENT; LOAN LOSS RESERVE; SMALL BUSINESSES; SPECIAL FUND; REPORTS; APPROPRIATION
- Session Year: 2025-2026
- House: House
- Latest Version Date: 2026-03-23
Current Status:
In Progress
(2026-04-23: Received notice of Senate conferees (Sen. Com. No. 725).)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
Establishes the Hawaii Micro-Lending Credit Enhancement Program within the Department of Business, Economic Development, and Tourism to expand micro-lending capacity by providing state‑funded loan loss reserves or other credit enhancement that absorbs first losses on qualified micro-loans made by participating lenders to Hawaii small businesses. Allows borrower fees and state matching contributions to capitalize lender-held loan loss reserve accounts. Establishes the Hawaii Micro-Lending Credit Enhancement Special Fund. Requires reports to the Legislature. Appropriates funds. Effective 7/1/3050. (SD1)
Discussed in Hearing
2MINSenate Standing Committee on Commerce and Consumer Protection
2MINSenate Standing Committee on Ways and Means
1MINSenate Standing Committee on Economic Development and Tourism
21SECSenate Standing Committee on Economic Development and Tourism
46SECHouse Standing Committee on Finance
47SECHouse Standing Committee on Finance
48SECHouse Standing Committee on Economic Development & Technology
30SEC