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Senator Michael F.Q. San Nicolas Chainnan - Committee on Finance & Taxation, General Government Operations, and Youth f)evelopn1ent 1 !v1in11'trentai Tres Na Liheslah,ran c--:.utlltan I 33rd Guan1 Legislature OCT 1 fl 2015 The Honorable Judith T. Won Pat, Ed.D. Speaker I Mina 'Trentai 7res na Lihes/aturan Gwlhan 155 Hesler Place Hagatna, Guam 96910 J f!JJ {Jl {w VIA: The Honorable Rory J. Resp1c10 Chairman RE: Committee on Rules, Federal, Foreign & Micronesian Affairs, Human & Natural Resources, Election Reform, and Capitol District Committee Report on the Nomination of Laura-Lynn V. Dacanay Dear Speaker Won Pat, Hafa adai 1 Transmitted herewith is the Committee Report for the nomination of Laura-Lymi V. Dacanay to serve as a Member of the Guam Banking and Insurance Board, fr>r a tenn of six (6) years. Committee votes are as follows: Respectf lly, TO CONFIRM TO NOT CONFIRM TO REPORT OUT ONLY TO ABSTAIN TO PLACE IN INACTIVE FILE OLAS DNA Building, 238 Archbishop Flores St. Suite 407 Hagal:fla, Guam 96910 (671) 472 - 64531 [email protected] I www.senatorsannicolas.com
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Committee Report for Laura Dacanay.pdf - Guam Legislature

Mar 15, 2023

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Page 1: Committee Report for Laura Dacanay.pdf - Guam Legislature

Senator Michael F.Q. San Nicolas Chainnan - Committee on Finance & Taxation,

General Government Operations, and Youth f)evelopn1ent 1 !v1in11'trentai Tres Na Liheslah,ran c--:.utlltan I 33rd Guan1 Legislature

OCT 1 fl 2015 The Honorable Judith T. Won Pat, Ed.D. Speaker I Mina 'Trentai 7res na Lihes/aturan Gwlhan 155 Hesler Place

Hagatna, Guam 96910 ~ J f!JJ {Jl {w VIA: The Honorable Rory J. Resp1c10

Chairman

RE:

Committee on Rules, Federal, Foreign & Micronesian Affairs, Human & Natural Resources, Election Reform, and Capitol District

Committee Report on the Nomination of Laura-Lynn V. Dacanay

Dear Speaker Won Pat,

Hafa adai1 Transmitted herewith is the Committee Report for the nomination of Laura-Lymi V. Dacanay to serve as a Member of the Guam Banking and Insurance Board, fr>r a tenn of six ( 6) years.

Committee votes are as follows:

Respectf lly,

TO CONFIRM

TO NOT CONFIRM

TO REPORT OUT ONLY

TO ABSTAIN

TO PLACE IN INACTIVE FILE

OLAS

DNA Building, 238 Archbishop Flores St. Suite 407 Hagal:fla, Guam 96910 (671) 472 - 64531 [email protected] I www.senatorsannicolas.com

Page 2: Committee Report for Laura Dacanay.pdf - Guam Legislature

Senator Michael F.Q. San Nicolas Chainnan - ('01n1nittee on Finance & Taxation,

General Govern1nent Operations, and Youth Developn1ent J Jvfina'trcntai Trt's Na Liht'slaturan (-;uJh1u1 I 33rd Guam Legislature

COMMITTEE REPORT

Nomination of

LAURA-LYNN V. DACANAY

As a Member of the Guam Banking and Insurance Board

for a Term of Six (6) Years

DNA Building, 238 Archbishop Flores St. Suite 407 Hagatiia, Guam 96910 (671) 472 - 6453 I [email protected] I www.senatorsannicolas.mm

Page 3: Committee Report for Laura Dacanay.pdf - Guam Legislature

Senator Michael F.Q. San Nicolas Chairn1an - Con1n1ittee on Finance & Taxation,

General Government Operations, and Youth Development I lv1ina'trentai Tres Na Lihr>slat-uran Guilhan I 33n1 Guam Legislature

OCT 1 9 2015 MEMORANDUM

TO:

RE:

All Members Committee on Finance & Taxation, General Government Operations, and Youth Development

Committee Report on the Nomination of Laura-Lynn V. Dacanay

Ha(a adai' Transmitted herewith is the Committee Report on the nomination of Laura-Lynn V. Dacanay to serve as a Member of the Guam Ban.king and Insurance Board.

This report includes the following:

• Vote Sheet • Committee Report Digest • Copy of Appointment Letter to the Speaker • Copy of Appointment Packet and Supporting Documents • Public Hearing Sign-in Sheet • Written Testimonies • Copy of COR Referral of Appointment • Notices of Public Hearing • Copy of the Public Hearing Agenda

Please take the appropriate action on the attached vote sheet. Your attention to this matter is greatly appreciated. Should you have any questions or concerns, please do not hesitate to contact my office.

Respectfully,

I COLAS

DNA Building, 238 Archbishop Flores St. Suite 407 Hagab1a, Guam 96910 (671) 472 - 6453 I [email protected] I www.senatorsannicolas.com

Page 4: Committee Report for Laura Dacanay.pdf - Guam Legislature

Senator Michael F.Q. San Nicolas Chairn1an - Conunittee on Finance & Taxation,

General Govemn1ent Operations, and Youth f)eveloprnent I !v1ina'trentai Tres Na Lihesluturan Guiihan I 33nJ Guan1 Legislature

COMMITTEE VOTE SHEET

Nomination of LAURA-LYNN V. DACANAY

POSITION: Member, Guam Banking and Insurance Board LENGTH OF TERM: Six (6) Years

Senator Michael F.Q. San Nicolas Chairman

Senator Mary C. Torres Vice Chairman

Speaker Judith T. Won Pat, Ed.D. Member

Vice Speaker Benjamin J.F. Cruz Member

Senator Tina R. Mufia Barnes Member

Senator Rory J. Respicio Member

Senator Thomas C. Ada Member

Senator Dennis G. Rodriguez, Jr. Member

Senator James V. Espaldon Member

SIGNATURE

DNA Building, 238 Archbishop Flores St. Suite 407 Hagatfia, Guam 96910 (671) 472 - 64531 senatorsannicolas~7)gn1ail.com I W\vw.senatorsannicolas.con1

Page 5: Committee Report for Laura Dacanay.pdf - Guam Legislature

Senator Michael F.Q. San Nicolas Chairman - Co111mittee on Finance & Taxation,

General Government ()perations, and Youth Developn1ent 1 !vlin11'tre11t11i Trc~ Na Liheslah.Jran Cui'ihan I 33n1 Guan1 Legislature

COMMITTEE REPORT DIGEST

I.OVERVIEW

The nomination of Laura-Lynn V. Dacanay to serve as a Member of the Guam Banking and Insurance Board, for a term of six (6) years, was made by Governor Edward J.B. Calvo on August 31, 2015. The nomination package was received by the Office of Speaker Judith T. Won Pat, Ed.D., on September I, 2015, and was subsequently refeffed by the Committee on Rules to the Committee on Finance & Taxation, General Government Operations, and Youth Development on September 2, 2015.

The Committee on Finance & Taxation, General Government Operations, and Youth Development held a public hearing on September 15, 2015, in J Liheslatura's Public Hearing Room. Among the items on the hearing agenda was the nomination of Laura-Lynn V. Dacanay to serve as a Member of the Guam Banking and Insurance Board. The hearing convened at 2:05 p.m. and was adjourned at 2:45 p.m.

Public Notice Requirements

Public Hearing notices were disseminated via electronic mail to all senators and all main media broadcasting outlets on September 8, 2015, and again on September 11, 2015. Notice was also posted on I Liheslatura's website beginning on September 8, 2015.

Senators Present Senator Michael F.Q. San Nicolas, Committee Chairman Senator Mary C. Toffes, Committee Vice Chairwoman Senator Nerissa B. Underwood, Ph.D., Committee Member

Oral Testimony Laura-Lynn V. Dacanay, Nominee Marie Benito, Deputy Director, Department of Revenue and Taxation John Carlos, Department of Revenue and Taxation

Written Testimony John Carlos, Department of Revenue and Taxation

II. TESTIMONY & DISCUSSION

Chairman Michael San Nicolas convened the hearing on the nomination of Laura-Lynn Dacanay. He called the first panel forward, including Ms. Dacanay, to provide testimony.

Ms. Marie Benito spoke in favor of the nomination and mentioned that Ms. Dacanay is confident in her role as a banker. She pointed to the nominee's experience in the area of banking and vouched for her moral character which is important when applying fairness and equality to all relevant stakeholders.

DNA Building, 238 Archbishop Flores St Suite 407 Hagatna, Guam 96910 (671) 472 - 6453 I [email protected] I www.senatorsannicolas.com

Page 6: Committee Report for Laura Dacanay.pdf - Guam Legislature

Mr. John Carlos submitted written testimony and spoke in support of the nomination. He pointed to the nominee's past experience on the Board. He stated that she possesses the technical knowledge that will help address the complexities of the banking laws and regulations in Guam.

Ms. Laura-Lynn Dacanay stated that she was honored to be nominated to serve on the Board and mentioned her previous tenure as a member. She stated that her previous experience dealt with upgrading many of the banking laws and how upgrades are still needed because technology and regulations are constantly changing. Ms. Dacanay stated that she wants to assist in ensuring that regulations arc up to date which can maximize the use of Guam's strategic location to improve the ccono1ny.

Chairman San Nicolas joked that Ms. Dacanay is the icon of First Hawaiian Bank in Guam. He stated that the nominee is a trailblazer for women executives in the banking industry. He mentioned that her experience and insight within the industry will serve as a valuable asset on the Board. He stated that the knowledge she possesses cannot be learned or taught in a classroom but has been acquired through many years of trainings and seminars. Chairman San Nicolas spoke in favor of the nomination and concluded the hearing.

III. FINDINGS AND RECOMMENDATIONS

The Committee on Finance & Taxation, General Government Operations, and Youth Development hereby reports out the nomination of Laura-Lynn V. Dacanay to serve as a member of the Guam Banking and Insurance Board. for a tenn of six (6) years, with the recommendation

Page 7: Committee Report for Laura Dacanay.pdf - Guam Legislature

EDDIE BAV C\ISO

R\\' TENORIO / 11_'1fl<'flUrT! (jn1-ernor

AUl:.1 3 1 2015

Honorable Judith T Won Pat, Ed.El. Speaker I Mina 'trentai Tr.:s Na Uht!slmuran GuiJhan 155 Hesler Stred Hagatiia, GU 9691 O

RE: Board Appointment

Dear Madame Speaker:

By vinue of the authority vested in me pursuant to the Organic Act of Guam and the local laws applicable to the following position, I am pleased lo transmit the following appointment and supporting documents for:

APPOINTEE: Laura-Lynn Y. Dacanay

POSITION: :Vkmber, Guam Banking and Insurance Boan.I

TERM LENGTll: Six (6) years

The appointment is subject to the consent off Uhcs/aruran Guahan. your earliest convenience

S't' nst:'ra1nent t!,

~Lo Governor or Guam

0802

Please schedule a hearing at

I: I ' I\ \ d I;~

I< i~·a11..ln .l l{1lt\fal lo (Ju\.t·f nnr', ( ••mpk'\ • .-\ddur. ( )u;un '1()9!0

l cl. flJ 71) ·17:'- .'\'>i l • l ,1\- ((> 1 t 1 t 77--i,\,21) • ~11\ crnur f!U:.Hll t;llv • ,::iknd.:1r :!.LIJ1il grJ\·

U (diJI"" 8J:/,-! Calvn fm ft"11!'.lnilJlO,!tti.hili3GLf.1-~ ... 1rio1< .:iiyc_, JI \JfW~llHH(Jlguani

' ,, ' '

Page 8: Committee Report for Laura Dacanay.pdf - Guam Legislature

AUG 3 1 2015

Dear Ms. Dacanay:

EDDIE BAZA CALVO G'v1·ernor

RAY TENORIO Lie11rt:'n£1nr Govt'rnt;r

Thank you for your commitment to serve the people of Guam. Tl1e Calvo-Tenorio a<lministration continues to face unprecedented challenges, both near and long-tem1. The task ahead of us will require the collective efforts of the best minds who have the courage to make tough decisions for the good of all our people. I hereby appoint you to serve in the Calvo-Tenorio administration as:

Guam Banking and Insurance Board Member Term Length: Six (6) years

This appointment is subject to the advice and consent of I Liheslaruran Oufthan. Please contact the Office of the Governor at 4 72-8931 for further processing .

._)enseramente,

d!i</;:J' ~?/// ~{tzACALVO Governor of Guam

Ricardo J Bordallo (J\1vernor's Cornplex • Addup, Guam 96910 rel {{J7\J 472-8931 •Pax: t67l 1477-4826 • governor.guam.gov • tak11dar_guan1.gov

U Eddla Baza CaJvo S O~ddla~MJYia3G~ernorcarvo -~ governorofgua1n

Page 9: Committee Report for Laura Dacanay.pdf - Guam Legislature

OFFICE OF THE GOVERNOR GUAM

Boards & Commissions Nomination Information

The following information is required for submission to the Speaker of I Liheslatura11 Guahan in accordance with Title 4, Guam Code Annotated Section 2103.5 and Section 13104. I:

·· Nolliluifei=INFORM.· /ltiofllX - .-c ;, ... > ----'-'-·- - ' ••. -.;--,0:'-·;c :_;;;-:;:

Last Name Dacanay , First Laura-Lynn MLV. Date

Address ' ApartmenUUnt! # ·

City

Phone E-mail Address

Position to which Appointment G B k• d I B d . is Made : uam an 1ng an nsurance oar : Are you a citizen of the United ' States?

' '.·. YES [jj' 1 NO ["! If no, are you authorrzed to work in YES C .. l ' . _, the U.S ? -- i __

NO[]

Hrgh schoo1 JFK High School · City/State Upper Tumon, Guam

From 1975 To 1978 ~;~J:a~e? YES [il No[, . Degree Diploma

college University of Guam City/State Mangilao, Guam _;._ __ -

From 1978 To 1996 ~:~J:a~e? YES [J' NO Degree BA -Econornics and Finance

All other versions obwlete 11 Page

Doc No. 33GL~i5--0802

Page 10: Committee Report for Laura Dacanay.pdf - Guam Legislature

. EDUCATION

Graduate . School Pacific Coast Banking School• C1tyiState ·Seattle, Washington From 2001 T 2003 'Did you 0

. • graduate? YES 1'} NO[ Degree Certificate

Other City/State ·Degree

. Frorn To Did you

YES NOi i Degree graduate?

EMPLOYMENT HISTORY ... (1) Present First Hawaiian Bank Position SVP/Region Manager Employer

Address 400 Route 8, Mongmong, Guam Dates 6/1998 to present Held

(2) Previous First Hawaiian Creditcorp Position Branch Manager Employer

Address · 215A E. Saylor Street, Hagatna, Guam Dates 11/1991 to 6/1998 Held

(3) Previous First Pacific Exchange Position President and General Manager Employer

Address Aspinall Avenue, Hagatna Dates 4/1991to11/1991 Held

(4) Previous First Savings and loan AssociaHon of America Position ·Loan Manager Employer

Address Marine Drive, Tamuning Dates

1985 to 4/1991 Held

(5) Previous Position

Employer

. Address Dates Held

PRIOR GOVERNMENTC)F GUAM~E~VICE ..

Agency : Phone

Address

Job Title From To

All olher versions obsolete 2jPaqe

Doc No. 33GL~15-0802

Page 11: Committee Report for Laura Dacanay.pdf - Guam Legislature

Agency

Address

Job Title , From: I

Agency

Address

Job Title · Frorn:

Agency

Address

Job Title . From·

:TRAINING

Institute/Seminars/On-the-Job Training

-

AW,ARD~.

Ombudsman Training for ESGR

Appraisal Training

AIB Banking Courses, Various

' "'-~'

I j Phone

Phone

Phone

List all educational, professional, civic awards, and recognition for publtc se1V1ce·

To

To

'To

Date

April 2013

Various Dates

Various Dates

2008 Executive of the Year, Honors in Legal Studies - UOG, FHB Success Retreats 2007 and 2011, - - - - - ---~---- -- -- ----- - -

Rev 04-2013_11 Lson All other vers10ns ob-solete J(Page

Doc No. 33GL-15-0802

Page 12: Committee Report for Laura Dacanay.pdf - Guam Legislature

List involvement on a !ocal/national/lntemational level, list organization, activities participated in, offices held·

Ombudsman for ESGR, Vice Chairman Guam Chamber of Commerce, past Chair and ------ _______________ ,, ________ -------------- ----------- - ---------

. current board member of Guam Chamber of Commerce, past board member and treasurer of GHRA board, i

current CNMI Strategic Economic Development Council member,

as well as serving on various committees on the Guam Chamber of Commerce. . ·- -- --- ---------------- - -- -- ------------- -- --- ----- - - ---~ ---- --------

List organizations, activities, participated in, offices held

Current Salvation Army advisory counsel member, past chair of the Habitat for Humanity Family Selection Committee., .

current member of the Pacific Island College advisory board, Friends of the Boy Scouts member, -- - - ---- ------ --- - ---- --- - -- -- ------ --- -- --- -

former board member of the Habitat for Humanity, and former treasurer for the Yigo Baptist Church. -- ---------

p1Js.£1cAr1ot-1sANo PReseNfAtfo~s • •. ; _-

- - : :.-· ~- :_ --~

Ust any published articles, papers delivered at professional meetings, etc.

MILITARY SERVICE (PlEA$EiJTrA¢HFOJ?Af.Do>2['4J .• Branch From To

Rank at Discharge ·.Type of Discharge

Ri:tv 04-2011_v 2 scm Al! other versions obsolete 4)Page

Doc No_ 33GL-15..0802

Page 13: Committee Report for Laura Dacanay.pdf - Guam Legislature

( 1) Have you ever been found guilty of a felony in any court, whether within or without the United States?

---- --· If so, please specify in detail:

YES0 NO Iii

: Specific infraction committed:-------------------------------

(2) Have you ever been declared mentally incompetent by any court, whether within or without the United States?

' .. L.

YESO NO liJ

: If so, please specify in detail the reasons and facts related to such declaration: I

(3) Have you ever been found not guilty or not punishable rn any cnmtnal proceedings by reason of insanity?

, (4) Have you ever been confined to a mental rnstltulion for any reason?

- -----,-~--

YES LJ NO liJ -+--- --

YES[J NO CjJ -- -- ,,--~--------- __ , ___ ------·--~

If so, please specify in why the appointing authority believes you that you are not suffenng from any mental illness or affliction:

Rev o+-2013 __ 11 2 scm AU other versions obsolete 51Page

Doc No. 33GL-15--0802

Page 14: Committee Report for Laura Dacanay.pdf - Guam Legislature

TO:

FROM:

Statement of Financial Interests (Required by 4 G'.CA. § 13104.1)

Governor Eddie Baza Calvo Ricardo J. Bordallo Governor's Complex Adel up, Guam 96910

Laura-Lynn V. Dacanay

0 I have no financial interest in any business

~ I do have interest(s) in the following business( es):

Name and address of business interest: Type and amonut ofinterest

T-Rex Inc. DBA 3D Rentals lf~/u D~-1: ,, I

FHB Guam Trust Co. ~l,OiJO S'~

Date

Rev 04-2013_v.2 scm AB o!her verst0ns obsolete

Doc No. 33GL·15--0802

Page 15: Committee Report for Laura Dacanay.pdf - Guam Legislature

·J\i=E'iDA:VittbECEARATfONUNDER!PENAt.?fv,;of:'.pERUURY ,· ; "'C' .- __:;,', --;~~c <.:_ '"- ,.-_ •'"·-- -,;c,O_--:•,.•- -,;c :-_, , __ ~-o._ <,.,_-,c,. ., ,•, ,' .o-;J'.o:;_ '. _:;._ 1; _,'::·-•-'--~-;-.-2:c >io~ -;', , -.')'7,;.J,_'-'; --'':c;; __ -.; -·'-"-"'·'--' ,,, ;,_'

I, the undersigned, do hereby depose and say that: (1) I have read and reviewed the information contained in

the attached Appointment/Nomination letter from the Governor of Guam; (2) that the matters contained in the .

AppointmenVNomination letter, together with all attachments thereto, are true and correct and that I am.

competent to testify to said matters; and (3) that this Declaration is made for the purpose of complying with

the requirements of 4 G.CA Section 2103.5.

I declare under penalty of perjury under the laws of Guam (4 G.CA Section 4308) that the foregoing is true

' and correct

Signature Date

Rev 04-2013_v2scm AU other versions obsofete

Doc No. 33GL-15-0802

Page 16: Committee Report for Laura Dacanay.pdf - Guam Legislature

I

I I

Government of Guam GUAM POLICE DEPARTMENT

RECORDS & IDENTIFICATION SECTION P.O. Box 23909

Guam Main Facility, Guam 96921

July 17. 20! 5

SUBJECT: CRI1\1INAL HISTORY RECORD

NAME: Laura-Lynn V. DACANAY

DATE 01<' BIRTH: 1- :FINGERPRINT#: None

• The individual has no record of criminal conviction(s) in GPD files that are subject to Guam law and rules and regulations of the Department.

****************NOTHING FOLLOWS*****************

TllJS JNFORMAJWN AMY BE J..l,Hl/ED JO.·\ U.!01. CRIMINAL OFFENSE ONLY AND IS NOT INIENIJl./J fUR USE FOi! ANY UJCAI .. S7:4TE OR FEDERAL JAW ENFORCEMENTAGENCY.

The ab~ent:c of il:U origlrntl (;UA~l Pf)LJCE

si:aJ invalidates this police dcar&nrt. ldCHStlJ il!.i.WIY Doc No. 33GL-15-0802

By Direction: angcla

Li JO~~~CRUZ Al'ting Chief of Police

Page 17: Committee Report for Laura Dacanay.pdf - Guam Legislature

SUPERIOR COURT OF GUA!VI Guam Judicial Center • 120 \.Vest O'Brien Drive • Hagatfia, Guarn 96910

DANIELLE T. ROSETE Clerk of Court

Name' LAURA-LYNN V DA.CANA Y

Telephone (671) 475-3370/475-3449

Fax(671)472·2856

SS#: ID# GUAM DL:•••••DmeofBirth:

CERTIFICATE ()F SEARCH

The undersigneJ C'lerk h;;:rcby cer11 fh:-s the HJl!ov.ing results of a di !!gent search of the records of this C'ourt:

l'riminal <.:ases: Civil Cases:

A. t><l No (:ac;e Found A. No C'asc- Found

B. I. C:rin1ina! C\1se No. B. I. (~ivil (~ase No.

' (~riininal Case T'\Jo. k. 2, Civil Case No.

J_ (~ri1ninal ('-ase No, 1 C'iv!l ('ase No

-1. C'ri1nina! (;ase NlL [

S. C'rirninal ( ';t'le No. 5 C'ivi ! ('ase No.

Cri1nina! Record: Page 1 of 1 c·ivi! Rl~Cord: Page of

Request frff further infonnation n1ay bt• addressed at the Records [)!vision ofrhe Superiur C:ourt of Ciuan1, CJuarn Judicial

(~cnti:r,, !20 \Vest ()'Brien !)rive, llagatfia. {!uarn. Hours of operation are !'v1onday --- Friday, 8:00 a.rrL to 5:00 p.nL ('loscd Saturday. Sunday and !oca!/f~di;;:ral ho!ida)·S, L~uurt C:learances are Non-Refundabll.',

Dated: 07/17/2015

The absence of an

original Court Sea! invalidates thv,

docurnent

DANIELLE T. ROSETE Clerk of Court /)

BY: BETT~~t~~'~t' j'f ; I ,

Prepared Hy: JLRC

Doc No, 33GL-15-0802

Page 18: Committee Report for Laura Dacanay.pdf - Guam Legislature

I Mina 'Trentai Tres na Liheslaturan Guahan SENATOR MICHAEL F.Q. SAN NICOLAS

Committee on Finance & Taxation, General Government Operations, and Youth Development

September 15, 2015

Nomination of

LAURA-LYNN V. DACANAY Position: Member, Banking and Insurance Board

Length of Term: Sh (6) years

l- NAiv!E AGENCY/ CONT ACT NUMBER [ ORAL T\VRITTEN . IN ' NOT IN ~ (Please print) I ORGANIZATION I TESTIMONY I TESTIMONY FAVOR FAVOR

~ J{Jf/IV t&fJloS Li:hJ y £~ /61£;? ! V / V ti v~/-+-I rv'l Mie; fu0jO I !Ji'.,\ G?s: ~ 1<£ 1 b I 7 I ~~~1~--+-~-~-~~++-' ~--·t----- ---------+----+----------\-----' -+--. ---;

r-----------+----1----+-. ------+----+~ !-----' ---+-----------}--I !

I

I I i I I

Nomination of LAURA-LYNN V. DACANAY Banking and Insurance Board Page _Q2

I \ I + I I

-'---

Page 19: Committee Report for Laura Dacanay.pdf - Guam Legislature

Dipilttamenton Kontribusion yan Adu'ilnil

DEPARTMENT OF

REVENUE AND TAXATION GOVERNMENT OF GUAM Gubetnamenton Guahan

September 14, 2015

The Honorable Michael F.Q. San Nicolas Chairman, Committee on Government Operations and

Youth Development Thirty-Third Guam Legislature Hagatna, Guam 96910

EDDIE BAZA CALVO, Governor I Maga'l8hl RAY TENORIO, Lt. Governor 1 T!iiente Gubet11adot

JOHN P. CAMACHO, Director Dltektot

MARIE M. BENITO, Deputy Director Sigundo O!rnktot

Re: Nomination of Laura -Lynn V. Dacanay, Member, Banking and Insurance Board

Dear Senator San Nicolas:

My name is John Carlos. I am the Regulatory Administrator of the Department of Revenue and Taxation (ORT).

Mr. Chairman, I fully support the confirmation of Laura Lynn V. Dacanay to be a member of the Banking and Insurance Board.

As a regulator I have known Ms. Dacanay in a her professional capacity around 1995 as a manager for First Hawaiian Credit Corp. It is my understanding that currently, Ms. Dacanay is a Senior Vice President for Guam & CNMI Regional Manager for First Hawaiian Bank. Since 1995 to present, our office has not received a consumer complaint against Ms. Dacanay for discrimination or some form of unfair dealings against consumers in Guam.

It must noted that Ms. Dacanay was a member of the Guam Banking Board around 1995.

For all of the foregoing, I respectfully support the confirmation of Laura-Lynn V. Dacanay to be a member of the Banking and Insurance Board.

Sincerely,

Regulatory Administrator

Post Office Box 23607, Guarn Main Facility, Guam 96921 • TeL I Telifon: {671) 635~7699 •Fax f Faks: {671) 633~2643

Page 20: Committee Report for Laura Dacanay.pdf - Guam Legislature

C01V11VUTTEE ON RULES

Senator Rory J. Respicio

(~llAll\P[RSl)N

i\1Aj{)!UTY lFADER

Senator rl1omas C. Ada

VICE CHAIRPERS(>N ASSISTANT i\>1Aj()RJTY lXAD(R

Speaker Judith T.P. Won Pat, EdJJ.

Member

Vice-Speaker Benjamin J.F. Cruz

Member

l"egis!ativc Secretary "l'ina R.ose ?vtuna tSarnes

Member

Senator J)ennis CL Rodriguez, Jr.

Member

Senator Frank Blas Aguon. Jr.

Mcmher

Senator Michael F.(). San Nicolas

Member

Senator '.\lcrissa F~rctania LJndeP.vood

Member

V Anthony Ada NHNt)!U IY LI:ADfR

lVlary C. TmTes M!N()f{! rv 1\-\FMBFR

September 2, 2015

MEMORANDUM

To:

From:

Subject:

Rennae Meno Clerk of the Legislature

Senator Rory J. Respicio Majority Leader c-;, Rules Chair

Referral of Appointment

As the Chairperson of the Committee on Ruk•s, l am forwarding mv referral of the following appointment:

Appointee: Laura-Lynn V. Dacanay Position: Member, Guam Bankiug and Insurance Board

For a copy of Ms. Dacanay' s appointment packet, please visit the Guam

Legislature's \vebsite at y~~-~Y_\'.t,~H~l!I1lrgl,<ihJtlJJ\'._,_~:~n!l· Undt.>r the "[~eports" menu select the "Messages & Communications" option and refer to:

"Doc. 33GL-15-0802: Governor's message transmitting the appointment of Laura-Lynn V. Dacanay, to serve as Member, Guam Banking and Insurance Board."

r>Jease ensure that the subject appointn1ent is referretl, in rny n<-1n1t>, to

Senator Michael F.Q. San Nicolas, Chairperson of the Committee on Finance & Taxation, General Governmental Operations and Youth Development. I also request that the same be forwarded to all Senators of I Mina'trentai 'frt'S Na Liheslaturan Gu1l!u1n.

Should you have any questions, please feel free to contact our office at 472-7679.

Si Yu'os nia'lisl''f

Page 21: Committee Report for Laura Dacanay.pdf - Guam Legislature

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Page 22: Committee Report for Laura Dacanay.pdf - Guam Legislature

9/28/2015 G1naH - RoundtabJe Discussion and Legislative Hearing- Septernber 15, 2015

c~ i I Senator Michael San Nicolas <senatorsannico/[email protected]>

Roundtable Discussion and Legislative Hearing - September 15, 2015

Senator Michael San Nicolas <[email protected]> Tue, Sep 8, 2015 at 4:10 PM To: Senator Michael San Nicolas <senatorsannico/[email protected]> Bee: mvariety <[email protected]>, Joan Aguon Charfauros <[email protected]>, Sorensen <[email protected]>, [email protected], Duane George <[email protected]>, Frank Whitman <[email protected]>, Gerry Partido <[email protected]>, [email protected], Jason Salas <[email protected]>, Kelly Cho <[email protected]>, Korean News <[email protected]>, KPRG <[email protected]>, PON Lifestyle <[email protected]>, [email protected], Masako Watanabe <[email protected]>, K57 <[email protected]>, Patti Arroyo <[email protected]>, Ray Gibson <[email protected]>, Sabrina Salas Matanane <[email protected]>, Steve Limtiaco <s/[email protected]>, [email protected], [email protected], [email protected],Pacific Daily News <[email protected]>, Bruce Hill <[email protected]>, Bruce Hill <[email protected]>, [email protected], Clynt Ridgell <[email protected]>, [email protected], [email protected], [email protected], jalerta1 <[email protected]>, Matthew Baza <[email protected]>, Delisa Kloppenburg <[email protected]>, Louella Losinio <[email protected]>, [email protected], John Paul Manuel <[email protected]>, Speaker Judi Won Pat <[email protected]>, Vice Speaker Benjamin Cruz <[email protected]>, Senator Tina Muna Barnes <[email protected]>, Senator Rory Respicio <[email protected]>, "Dennis Rodriguez, Jr." <[email protected]>, Senator Tom Ada <[email protected]>, Senator Tony Ada <[email protected]>, Senator Brant McCreadie <[email protected]>, Senator Brant Mccreadie <[email protected]>, "Senator Frank Aguon, Jr." <[email protected]>, Senator Tommy Morrison <[email protected]>, "Mayor Paul M. McDonald" <[email protected]>, [email protected], [email protected], [email protected], [email protected], Jessy Gogue <[email protected]>, MELISSA SA VARES <[email protected]>, [email protected], [email protected], Doris Lujan <[email protected]>, nblas _ [email protected], vicemayor _allan. [email protected], [email protected], [email protected], [email protected], Robert Hofmann <[email protected]>, rudy iriarte <[email protected]>, ta/[email protected], "Mayor Louise C. Rivera" <mayor/[email protected]>, "Vice Mayor Ken C. Santos" <[email protected]>, Umatac Mayor <[email protected]>, [email protected], [email protected], [email protected], [email protected], Ken Quintanilla <[email protected]>, Dale Alvarez <daleea/[email protected]>, Responsible Guam <[email protected]>, Regine Biscoe Lee <[email protected]>, Chuck Ada <[email protected]>, [email protected], [email protected], [email protected], [email protected], [email protected], Eric Palacios <[email protected]>, [email protected], [email protected], Michael Duenas <[email protected]>, martin. benavente@ghc .guam .gov, joseph [email protected], a don is. [email protected], jose. sanagustin@doc. guam .gov, pedro. /eonguerrero@cqa. guam .gov, [email protected], [email protected], [email protected], James Gillan <[email protected]>, Leo Casi/ </[email protected]>, [email protected], [email protected], [email protected], "John P. Camacho" <[email protected]>, "Marie M. Benito" <[email protected]>, [email protected], [email protected], Mary Okada <[email protected]>, [email protected], AG Law <[email protected]>, [email protected], Julian Janssen <[email protected]>, Gerry Partido <[email protected]>, [email protected], Ray Tenorio <[email protected]>, mstaijeron <[email protected]>, tsantos <[email protected]>, frank <[email protected]>, T'Nelta Mori <[email protected]>, Joshua Tenorio <[email protected]>, Valerie Cruz <[email protected]>, [email protected], Barrigada MayorsOffice <[email protected]>, Cheryl Chargualaf <[email protected]>, Rikki Orsini <orsini. [email protected]>, Diana Sojo <[email protected]>, [email protected], [email protected], "Sablan, Jerick P" <[email protected]>, isa <[email protected]>, "Raymundo, Shawn" <[email protected]>, Senator Mary Camacho Torres <[email protected]>, Senator Jim Espaldon <[email protected]>, "Senator Frank Blas, Jr."<[email protected]>, Senator Nerissa Bretania Underwood <[email protected]>, Vejohn Torres <[email protected]>, Oyao/ Ngirairikl <[email protected]>, Julius Santos <[email protected]>, sixtoquintanilla

https ://m ai I .googl e, com/tn ai !/u/ 1/?uJ::::. 2&i k""' 94ba 1398a2&view= pt&search:; sent&rn sq= 14f ab938dde 76088& -;i n1 I=- 14f:;ihQ~~Rrlrl"" 7r.;nAA

Page 23: Committee Report for Laura Dacanay.pdf - Guam Legislature

9128/2015 Gmai! - Roundtable Discussion and Legislative Hearing- Septeniber 15, 2015

<sixtoquintanii/[email protected]>, Bruce Lloyd <[email protected]>, [email protected], [email protected], [email protected], [email protected], NASW Guam Chapter <naswgu@gmai/.com>, [email protected], del_ [email protected], [email protected]

FIRST PUBLIC NOTICE

FOR IMMEDIATE RELEASE

September 8, 2015

In accordance with the Open Government Law, relative to notices for public meetings, please be advised that Senator Michael F.O. San Nicolas, Chairman of the Committee on Finance & Taxation, General Government Operations, and Youth Development, will be convening a roundtable discussion on Tuesday, September 15, 2015, 10:00 a.m., in I Uheslaturan Guahan's Public Hearing Room. Representatives from the Guam Homeless Coalition, the Guam Housing and Urban Renewal Authority, the Department of Youth Affairs, the National Association of Social Workers - Guam Chapter, Child Protective Services under the Department of Public Health and Social Services, and the Mayors' Council of Guam have been invited to discuss child homelessness. The general public is also invited to participate at the roundtable, and public input is encouraged and will be accepted.

Additionally, the Committee will conduct a public hearing later that day beginning at 2:00 p.m., in I Liheslaturan Guahan's Public Hearing Room, on the following items:

Bill No. 169-33 (COR), introduced by Speaker Judith T. Won Pat, Ed.D., and Senator Nerissa B. Underwood, Ph.D.: AN ACT TO AMEND SECTION 18(i) OF PUBLIC LAW 31-277 AND ITEM (q)(1) OF SECTION 22425 OF TITLE 5 GUAM CODE ANNOTATED, RELATIVE TO APPROVING LEASE-LEASEBACK AGREEMENTS BETWEEN THE UNIVERSITY OF GUAM AND THE UNIVERSITY OF GUAM ENDOWMENT FOUNDATION FOR THE CONSTRUCTION FOR THE CONSTRUCTION OF THE STUDENT SERVICES CENTER AND ENGINEERING ANNEX AT THE UNIVERSITY OF GUAM.

Resolution No. 177-33 (COR), introduced by Senator Michael F.Q. San Nicolas: Relative to expressing I Liheslatura's support for the passage of H.R. 9, the Innovation Act, which offers a host of critical fixes to the problem of abusive patent litigation by adding transparency around patent ownership, making defending against a patent suit less prohibitively expensive, and ensuring local businesses engaged in e-commerce shall not be victimized by such abusive litigation.

Nomination of EDELFRIDA A. ADA

Position: Member, Banking and Insurance Board

Length of Term: Six (6) years

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Page 24: Committee Report for Laura Dacanay.pdf - Guam Legislature

912812015 Gmail - Roundtable Discussion and Legislative Hearing- Septen1ber 15, 2015

Nomination of LAURA·L YNN V. DACANAY

Position: Member, Banking and Insurance Board

Length of Term: Six (6) years

If written testimonies are to be presented for the items listed above, copies should be delivered prior to the hearing date. Testimonies should be addressed to Senator Michael F.Q. San Nicolas and will be accepted via hand delivery to our office at the DNA Building, Suite 407, 238 Archbishop Flores Street, Hagatna, Guam; at the mail room at the Main Legislature Building at 155 Hesler Place, Hagatna, Guam 96910; or via email to s,·rnatorsannicolas@gmaiLcorn. In compliance with the Americans with Disabilities Act, individuals requiring special accommodations or services should contact the Office of Senator Michael F.O. San Nicolas at (671) 472-6453 or by sending an email to [email protected].

4 attachments

tz_j Bill No. B169-33 (COR).pdf ' 109K

tz_j Res. No. 177-33 (COR).pdf 144K

###

tzj Edelfrida Ada - Banking and Insurance Board.pdf 729K

tzj Laura Lynn Dacanay • Banking and Insurance Board.pdf 786K

https ://n1 ai I .googl e.corn!rn ai !/u/1/?ui = 2&i k"" 94-ba 1398a2& view"" pt&search::::: sent&rn sg::: 14f ab938dde 76088&si tT1 I= 14f ab93&idro760M

Page 25: Committee Report for Laura Dacanay.pdf - Guam Legislature

912812015 Grnail - Notice of Roundtable Discussion and Legislative Hearing~ September 15, 2015

c~ • I Senator Michael San Nicolas <[email protected]>

Notice of Roundtable Discussion and Legislative Hearing - September 15, 2015

Senator Michael San Nicolas <[email protected]> Fri, Sep 11, 2015 at 9:13 AM To: Senator Michael San Nicolas <senatorsannicolas@gmai/,com> Bee: mvariety <[email protected]>, Joan Aguon Charfauros <[email protected]>, Sorensen <[email protected]>, [email protected], Duane George <[email protected]>, Frank Whitman <[email protected]>, Gerry Partido <[email protected]>, [email protected], Jason Salas <[email protected]>, Kelly Cho <[email protected]>, Korean News <[email protected]>, KPRG <[email protected]>, PON Lifestyle <[email protected]>, [email protected], Masako Watanabe <[email protected]>, K57 <[email protected]>, Patti Arroyo <[email protected]>, Ray Gibson <[email protected]>, Sabrina Salas Matanane <[email protected]>, Steve Limtiaco <[email protected]>, [email protected], [email protected], [email protected], Pacific Daily News <[email protected]>, Bruce Hill <hi/[email protected]>, Bruce Hill <[email protected]>, [email protected], Clynt Ridgell <[email protected]>, [email protected], [email protected], [email protected], jalerta1 <[email protected]>, Matthew Baza <[email protected]>, Delisa Kloppenburg <[email protected]>, Louella Losinio <[email protected]>, [email protected], John Paul Manuel <[email protected]>, Speaker Judi Won Pat <[email protected]>, Vice Speaker Benjamin Cruz <[email protected]>, Senator Tina Muna Barnes <[email protected]>, Senator Rory Respicio <[email protected]>, "Dennis Rodriguez, Jr." <[email protected]>, Senator Tom Ada <[email protected]>, Senator Tony Ada <[email protected]>, Senator Brant Mccreadie <[email protected]>, Senator Brant Mccreadie <[email protected]>, "Senator Frank Aguon, Jr." <[email protected]>, Senator Tommy Morrison <[email protected]>, "Mayor Paul M. McDonald" <[email protected]>, [email protected], [email protected], [email protected], [email protected], Jessy Gogue <[email protected]>, MELISSA SAVARES <[email protected]>, peter_ daigo@hotmai/.com, hagatnamayor@hotmai/.com, Doris Lujan <[email protected]>, nblas _ [email protected], vicemayor _a/Ian. [email protected], [email protected], [email protected], [email protected], Robert Hofmann <[email protected]>, rudy iriarte <[email protected]>, [email protected], "Mayor Louise C. Rivera" <mayorlcrivera. [email protected]>, "Vice Mayor Ken C. Santos" <[email protected]>, Umatac Mayor <[email protected]>, [email protected], [email protected], [email protected], [email protected], Ken Quintanilla <[email protected]>, Dale Alvarez <[email protected]>, Responsible Guam <[email protected]>, Regine Biscoe Lee <[email protected]>, Chuck Ada <[email protected]>, [email protected], [email protected], [email protected], [email protected], [email protected], Eric Palacios <[email protected]>, [email protected], [email protected], Michael Duenas <[email protected]>, martin. benavente@ghc .guam .gov, joseph [email protected], adonis. [email protected], jose.sanagustin@doc .guam .gov, pedro.leonguerrero@cqa. guam .gov, joey [email protected], [email protected], [email protected], James Gillan <[email protected]>, Leo Casi! <[email protected]>, [email protected], [email protected], [email protected], "John P. Camacho" <[email protected]>, "Marie M. Benito" <[email protected]>, [email protected], [email protected], Mary Okada <[email protected]>, [email protected], AG Law <[email protected]>, [email protected], Julian Janssen <[email protected]>, Gerry Partido <[email protected]>, [email protected], Ray Tenorio <[email protected]>, mstaijeron <[email protected]>, tsantos <[email protected]>, frank <[email protected]>, T'Nelta Mori <[email protected]>, Joshua Tenorio <[email protected]>, Valerie Cruz <[email protected]>, [email protected], Barrigada MayorsOffice <[email protected]>, Cheryl Chargualaf <[email protected]>, Rikki Orsini <orsini. [email protected]>, Mayor Rudy <[email protected]>, [email protected], [email protected], "Sablan, Jerick P" <[email protected]>, isa <[email protected]>, "Raymundo, Shawn" <[email protected]>, Senator Mary Camacho Torres <[email protected]>, Senator Jim Espaldon <[email protected]>, "Senator Frank Blas, Jr." <[email protected]>, Senator Nerissa Bretania Underwood <[email protected]>, Vejohn Torres <[email protected]>, Oyaol Ngirairikl <[email protected]>, Julius Santos <[email protected]>, sixtoquintanil/a

httpsJ/m ai ! _goog1 e .corn/tn ai l/u/ 1nui::: 2&i k"" 94ba 1398a2& view:;:; pt&search::;::; sent&rn sq""- 14fb9894591 f1 &lc:&stin ! ::: 14fhQRQ.1t;Q1f1 A<>.-.

Page 26: Committee Report for Laura Dacanay.pdf - Guam Legislature

9/28/2015 G1nai! ~Notice of Roundtable Discussion and Legislative Hearing~ September 15. 2015

<[email protected]>, Bruce Lloyd <[email protected]>, [email protected], [email protected], [email protected], bertha.sablan@dya,guam.gov, NASW Guam Chapter <[email protected]>, [email protected], [email protected], [email protected]

SECOND PUBLIC NOTICE

FOR IMMEDIATE RELEASE

September 11, 2015

In accordance with the Open Government Law, relative to notices for public meetings, please be advised that Senator Michael F.Q, San Nicolas, Chairman of the Committee on Finance & Taxation, General Government Operations, and Youth Development, will be convening a roundtable discussion on Tuesday, September 15, 2015, 10:00 a.m., in I Liheslaturan Guahan's Public Hearing Room. Representatives from the Guam Homeless Coalition, the Guam Housing and Urban Renewal Authority, the Department of Youth Affairs, the National Association of Social Workers - Guam Chapter, Child Protective Services under the Department of Public Health and Social Services, and the Mayors' Council of Guam have been invited to discuss child homelessness. The general public is also invited to participate at the roundtable, and public input is encouraged and will be accepted.

Additionally, the Committee will conduct a public hearing later that day beginning at 2:00 p.m., in I Liheslaturan Guahan's Public Hearing Room, on the following items:

Bill No. 169-33 (COR), introduced by Speaker Judith T. Won Pat, Ed.D., and Senator Nerissa B. Underwood, Ph.D.: AN ACT TO AMEND SECTION 18(i) OF PUBLIC LAW 31-277 AND ITEM (q)(1} OF SECTION 22425 OF TITLE 5 GUAM CODE ANNOTATED, RELATIVE TO APPROVING LEASE-LEASEBACK AGREEMENTS BETWEEN THE UNIVERSITY OF GUAM AND THE UNIVERSITY OF GUAM ENDOWMENT FOUNDATION FOR THE CONSTRUCTION FOR THE CONSTRUCTION OF THE STUDENT SERVICES CENTER AND ENGINEERING ANNEX AT THE UNIVERSITY OF GUAM.

Resolution No. 177-33 (COR), introduced by Senator Michael F.Q. San Nicolas: Relative to expressing I Liheslatura's support for the passage of H .R. 9, the Innovation Act, which offers a host of critical fixes to the problem of abusive patent litigation by adding transparency around patent ownership, making defending against a patent suit less prohibitively expensive, and ensuring local businesses engaged in e-commerce shall not be victimized by such abusive litigation.

Nomination of ED ELFRIDA A. ADA

Position: Member, Banking and Insurance Board

Length of Term: Six (6) years

https :/lfn ail .googt e. corn /1n ai Jiu/ 1/?ui::::2&i k = 94ba 1398a2& view:::;; pt&sear ch"" sent&m sqz 14fb9894591 f 18ac&si 1n I:;;. 14fh4R™ i::;q 1 f 1 R;:ir-

Page 27: Committee Report for Laura Dacanay.pdf - Guam Legislature

9/2812015 G1naH - Notice of Roundtab!e Discussion and Legislative Hearing - Septe1nber 15, 2015

Nomination of LAURA-LYNN V. DACANAY

Position: Member, Banking and Insurance Board

Length of Term: Six (6) years

If written testimonies are to be presented for the items listed above, copies should be delivered prior to the hearing date. Testimonies should be addressed to Senator Michael F.Q. San Nicolas and will be accepted via hand delivery to our office at the DNA Building, Suite 407, 238 Archbishop Flores Street, Hagatna, Guam; at the mail room at the Main Legislature Building at 155 Hesler Place, Hagatna, Guam 96910; or via email to [email protected]. In compliance with the Americans with Disabilities Act, individuals requiring special accommodations or services should contact the Office of Senator Michael F.Q. San Nicolas at (671) 472-6453 or by sending an email [email protected].

4 attachments

tJ Bill No. B169-33 (COR).pdf • 109K

tJ Res. No. 177-33 (COR).pdf 144K

###

tJ Edelfrida Ada - Banking and Insurance Board.pdf · 729K

tJ Laura Lynn Dacanay. Banking and Insurance Board.pdf 786K

https :i/m ai I .geog! e. corn/rnai l/u/ 1 /?ui::::. 2&i k"" 94ba 1398a2& view"" pt&sear ch= sent&m sg"' 14fb9894591f18ac&si m I= 14fb9894591f 1 8ac 313

Page 28: Committee Report for Laura Dacanay.pdf - Guam Legislature

Public J--learing Notice Listserv [email protected] (Media, All Senators, and Staff) l'pdated: August 31, 2015

[email protected] danireyest§senatorbjcruz,con1 [email protected]

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Page 29: Committee Report for Laura Dacanay.pdf - Guam Legislature

Public Hearing Notice Listserv ph11otice(a)guamlegislature.org (Media, All Senators, and Staff)

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Updated: August 3 J, 2015

Page 30: Committee Report for Laura Dacanay.pdf - Guam Legislature

Senator Michael F.Q. San Nicolas

I. Call to Order

Chairn1an - Con1n1ittee on Fina net> & Taxation, General Covern1nent Opt>rations, and Youth Devt"lopn1ent

1 !v1ina'trt'nta1 Tres lVa Liltt'slaluran Cu1lJta11 I '.)3rd Cuan1 Lt>gisJaturP

Legislative Hearing September 15, 2015

2:00 p.m. Public Hearing Room

I Liheslaturan Uwl!wn

AGENDA

II. Opening Remarks/Announcements

III. Items for Public Consideration

Bill No. 169-33 (COR), introduced by Speaker Judith T. Won Pat, Ed.D., and Senator Nerissa B. Underwood, Ph.D.: AN ACT TO AMEND SECTION I 8(i) OF PUBLIC LAW 31-277 AND ITEM (q)(I) OF SECTION 22425 OF TITLE 5 GUAM CODE ANNOTATED, RELATIVE TO APPROVING LEASE-LEASEBACK AGREEMENTS BETWEEN THE UNIVERSITY OF GUAM AND THE UNIVERSITY OF GUAM ENDOWMENT FOUNDATION FOR THE CONSTRUCTION FOR THE CONSTRUCTION OF THE STUDENT SERVICES CENTER AND ENGINEERING ANNEX AT THE UNIVERSITY OF GUAM.

Resolution No. 177-33 (COR), introduced by Senator Michael F.Q. San Nicolas: Relative to expressing I Lihes/atura's support for the passage of H.R. 9, the Innovation Act, which offers a host of critical fixes to the problem of abusive patent litigation by adding transparency around patent ownership, making delending against a patent suit less prohibitively expensive, and ensuring local businesses engaged in e-commerce shal I not be victimized by such abusive Ii tigation.

Nomination of ED ELFRIDA A. ADA Position: Member, Banking and Insurance Board Length ofTem1: Six (6) years

Nomination of LAURA-LYNN V. DACANAY Position: Member, Banking and Insurance Board Leni,<th of Term: Six (6) years

IV. Closing Remarks

V. Adjournment

DNA Building, 238 Archbishop FlorPs St. Suite 407 Hagatna, GuMn 96910 (671) 472 - 6453 I St>lldtorsannicolasWgn1aiLcon1 I www.sendh)rsannicolds.co1n