SB2778 mandates divestiture or placement in blind trusts for certain investments held by Hawaii state officials, spouses, and dependent children.

SB2778 requires current and new Hawaii state officials, their spouses, and dependent children to divest or place in blind trusts certain investments by specified deadlines. Current officials must divest or place investments in blind trusts by October 1, 2026, while new officials have until January 1, 2027. Inherited investments must be divested or placed in blind trusts within 120 days of inheritance. The state ethics commission will provide public reports on certifications and blind trusts, and enforce compliance with penalties.

SB2778 mandates divestiture or placement in blind trusts for certain investments held by Hawaii state officials, spouses, and dependent children.

SB2778 requires current and new Hawaii state officials, their spouses, and dependent children to divest or place in blind trusts certain investments by specified deadlines. Current officials must divest or place investments in blind trusts by October 1, 2026, while new officials have until January 1, 2027. Inherited investments must be divested or placed in blind trusts within 120 days of inheritance. The state ethics commission will provide public reports on certifications and blind trusts, and enforce compliance with penalties.