Establishes a state-owned bank implementation board to explore the feasibility of creating a public financial institution in Hawaii.

The bill establishes a state-owned bank implementation board within the Department of Commerce and Consumer Affairs to explore the feasibility, costs, and benefits of creating a public financial institution in Hawaii. The board will review models from other states and institutions, such as the Bank of North Dakota, state green banks, and sovereign wealth funds. The board will submit a report with findings, recommendations, and proposed legislation to the legislature by 2027.

Establishes a state-owned bank implementation board to explore the feasibility of creating a public financial institution in Hawaii.

The bill establishes a state-owned bank implementation board within the Department of Commerce and Consumer Affairs to explore the feasibility, costs, and benefits of creating a public financial institution in Hawaii. The board will review models from other states and institutions, such as the Bank of North Dakota, state green banks, and sovereign wealth funds. The board will submit a report with findings, recommendations, and proposed legislation to the legislature by 2027.