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First Regular Session | 75th General Assembly
Colorado General Assembly

PUBLIC
BILL SUMMARY For SB21-148

SENATE COMMITTEE ON FINANCE
Date Mar 22, 2021       Location Old Supreme Court

SB21-148 - Amended, referred to Senate Appropriations
01:48:06 PM  
Senator Gonzales introduced Senate Bill 21-148.  The bill creates the Financial Empowerment Office in the Department of Law. The office is charged with growing the financial resilience of Coloradans by expanding access to safe and affordable banking and credit, and free individual financial counseling and coaching, as well as developing stronger consumer protections.
01:55:19 PM  
Senator Gonzales answered several committee questions.
02:02:06 PM  
Mr. John Murphy, representing Cities for Financial Empowerment, testified in a neutral position on the bill.  Mr. Murphy answered several committee questions.
02:08:03 PM  
Ms. Andrea Kuwik, representing Bell Policy Center, testified in support of the bill.
02:13:21 PM  
Ms. Katrice Traylor, representing Bell Policy Center/ Office of Financial Empowerment, testified in support of the bill.
02:14:31 PM  
Ms. Shayla Johnson, representing Black Business Initiative, testified in support of the bill.
02:17:16 PM  
Dr. Barbara Freeman, representing herself, testified in support of the bill.
02:21:32 PM  
Mrs. Maria Gonzalez, representing Adelante Community Development, testified in support of the bill.
02:26:40 PM  
Mr. Danny Katz, representing CoPIRG (Colorado Public Interest Research Group), testified in support of the bill.  Mr. Katz answered a committee question.
02:33:50 PM  
Mr. Jeff Riester, representing Department of Law, testified in support of the bill.
02:34:13 PM  
Mr. Andrew Wood, representing Colorado Bankers Association, testified in support of the bill.
02:36:35 PM  
Ms. Beauclarine Thomas, representing Colorado Municipal League, testified in support of the bill.
02:36:48 PM  
Ms. Esther Turcios, representing Colorado Fiscal Institute, testified in support of the bill.
02:40:38 PM  
Mr. Shawn Young, representing Financial Health Institute, testified in support of the bill.
02:42:21 PM  
Additional written testimony submitted on the bill may be found in Attachment A.

02:45:42 PM
 Motion Adopt amendment L.002 (Attachment B)
Moved Bridges
Seconded
Hisey
Lee
Lundeen
Scott
Winter Excused
Bridges
Pettersen
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection

02:50:41 PM
 Motion Refer Senate Bill 21-148, as amended, to the Committee on Appropriations.
Moved Bridges
Seconded
Hisey No
Lee Yes
Lundeen No
Scott No
Winter Yes
Bridges Yes
Pettersen Yes
Final YES: 4   NO: 3   EXC: 0   ABS:  0   FINAL ACTION:  PASS