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9E4A758483357EFA8725850A007199B2 Hearing Summary




PUBLIC
BILL SUMMARY For SB20-068

SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Feb 10, 2020      
Location SCR 354



SB20-068 - Amended, referred to the Committee of the Whole - Consent Calendar


01:40:51 PM  

The committee took a recess.

01:42:56 PM  

The committee came back to order.

01:43:06 PM  

Senator Moreno introduced Senate Bill 20-068 concerning interstate branches for credit unions.  The bill allows a Colorado state credit union to open one or more new credit union branches outside of Colorado after providing written notice to the Financial Services Commissioner.  Senator Moreno distributed Amendment L.002 (Attachment B) and two handouts to the committee (Attachments C and D).

01:45:50 PM  

Melanie Layton, Colorado Bankers Association, spoke neutrally about the bill.

01:46:43 PM  

Chris Myklebust, CANVAS Credit Union, spoke in favor of the bill.

01:49:27 PM  
Senator Moreno responded to questions from the committee.


01:50:51 PM
Motion Adopt amendment L.002
Moved Danielson
Seconded
Priola
Story
Tate
Danielson
Williams A.
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


01:51:40 PM
Motion Refer Senate Bill 20-068, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.
Moved Danielson
Seconded
Priola Yes
Story Yes
Tate Yes
Danielson Yes
Williams A. Yes
Final YES: 5   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS






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