CLICS/CLICS2021A/commsumm.nsf
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
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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.
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01:55:19 PM |
Senator Gonzales answered several committee questions.
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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.
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02:08:03 PM |
Ms. Andrea Kuwik, representing Bell Policy Center, testified in support of the bill.
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02:13:21 PM |
Ms. Katrice Traylor, representing Bell Policy Center/ Office of Financial Empowerment, testified in support of the bill.
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02:14:31 PM |
Ms. Shayla Johnson, representing Black Business Initiative, testified in support of the bill.
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02:17:16 PM |
Dr. Barbara Freeman,
representing herself, testified in support of the bill.
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02:21:32 PM |
Mrs. Maria Gonzalez, representing Adelante Community Development, testified in support of the bill.
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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.
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02:33:50 PM |
Mr. Jeff Riester, representing Department of Law, testified in support of the bill.
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02:34:13 PM |
Mr. Andrew Wood, representing Colorado Bankers Association, testified in support of the bill.
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02:36:35 PM |
Ms. Beauclarine Thomas, representing Colorado Municipal League, testified in support of the bill.
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02:36:48 PM |
Ms. Esther Turcios, representing Colorado Fiscal Institute, testified in support of the bill.
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02:40:38 PM |
Mr. Shawn Young, representing Financial Health Institute, testified in support of the bill.
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02:42:21 PM |
Additional written
testimony submitted on the bill may be found in Attachment A.
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02:45:42 PM
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Motion |
Adopt amendment L.002 (Attachment B) |
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Bridges |
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| Seconded |
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Hisey |
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Lee |
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Lundeen |
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Scott |
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Winter |
Excused |
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Bridges |
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Pettersen |
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YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection |
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02:50:41 PM
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Motion |
Refer Senate Bill 21-148, as amended, to the Committee on Appropriations. |
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| Moved |
Bridges |
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| Seconded |
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Hisey |
No |
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Lee |
Yes |
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Lundeen |
No |
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Scott |
No |
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Winter |
Yes |
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Bridges |
Yes |
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Pettersen |
Yes |
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Final |
YES: 4 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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