The 2006 Performance Standards Review Commission (PSRC) was appointed by the Board of Education "to assess the effectiveness of the performance standards and to review the implementation of the performance standards by the Board and the schools to determine whether the standards should be modified" (Section 302A-201, Hawaii Revised Statutes). Based on its review, the PSRC must present a report of its findings and recommendations to the Board of Education and the State Legislature. Based on its review of documents, interviews with people, and analysis of data, the 2006 PSRC identified 34 findings, which are presented in this report. Based on its findings, the 2006 PSRC recommends that the Hawaii Content and Performance Standards III has undergone rigorous development and that it need not be modified at this time. In this report, the 2006 PSRC makes twelve recommendations for action by the Board of Education; the Department of Education at state, complex area, and school levels; students; parents; and the community-at-large. (Contains 8 figures.)