STAND. COM. REP. NO. 33^
Honolulu, Hawaii
MAR 2 5 2024
RE: S.R. No. 91
Honorable Ronald D. Kouchi
President of the Senate
Thirty-Second State Legislature
Regular Session of 2024
State of Hawaii
Sir:
Your Committee on Public Safety and Intergovernmental and
Military Affairs, to which was referred S.R. No. 91 entitled:
"SENATE RESOLUTION URGING THE UNITED STATES CONGRESS TO ADOPT
THE SOCIAL SECURITY 2100 ACT,"
begs leave to report as follows:
The purpose and intent of this measure is to urge the United
States Congress to adopt the Social Security 2100 Act.
Your Committee received testimony in support of this measure
from the Democratic Party of Hawai‘i.
Your Committee finds that the Social Security Act was
originally passed in 1935 to provide essential benefits and
financial security to retired individuals, senior citizens, and
persons with disabilities. Your Committee further finds that as a
result of the retirement of the large baby boomer generation, it
is projected that under existing law, the trust fund reserves for
the Old-Age and Survivors Insurance Trust Fund and Disability
Insurance Trust Fund will be depleted by 2034. Your Committee
concludes that it is imperative that Social Security remains a
well-funded public entitlement without being privatized through
self-directed retirement accounts that would subject
beneficiaries, and particularly retiree savings accounts, to
considerable risk and redirect Social Security assets into the
coffers of Wall Street brokerages and investment banks.
2024-2308 SR SSCR SMA.docx
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 STAND. COM. REP. NO.
Page 2
As affirmed by the record of votes of the members of your
Committee on Public Safety and Intergovernmental and Military
Affairs that is attached to this report, your Committee concurs
with the intent and purpose of S.R. No. 91 and recommends that it
be referred to your Committee on Ways and Means.
Respectfully submitted on
behalf of the members of the
Committee on Public Safety and
Intergovernmental and Military
2024-2308 SR SSCR SMA.docx
 The Senate
Thirty-Second Legislature
State of Hawaii
Record of Votes
Committee on Public Safety and Intergovernmental and Military Affairs
PSM
Bill / Resolution No.:* Committee Referral; Date:
/ft
The Committee is reconsidering its previous decision on this measure.
If so, then the previous decision wps to: ___________________________________
The Reo^mendation is;
Pass, unamended Ijfl^ass, with amendments __ Hold __ Recommit
2312 2311_______________ 2310________ 2313
Members Aye (WR) Nay Excused
WAKAI, Glenn (C)
ELEFANTE, Brandon J.C. (VC)
FUKUNAGA. Carol
RHOADS. Karl
AWA. Brenton
> /
Recommendation:
TOTAL
__ |
/
-4' / /
1
ly Adopted __ Not Adopted
Chair’s or Designee's Signature:
/ 1 ''
Distribution: Original \ Yellow)/ / Pink Goldenrod
__________ File with Committee Report Vierk'sJWe / Drafting Agency Committee File Copy
*Only one measure Record of Votes
Revised: 01/09/24