8D03D611293F6B8F872586A0006CC539 Hearing Summary CLICS/CLICS2021A/commsumm.nsf PUBLICBILL SUMMARY For SB21-148SENATE COMMITTEE ON FINANCEDate Mar 22, 2021 Location Old Supreme Court SB21-148 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/B57C851DA60A...$File/210322 AttachA.pdf?OpenElement 210322 AttachA.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/58D9B5F48215...$File/210322 AttachB.pdf?OpenElement 210322 AttachB.pdf 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