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DB5AEA250E2C4F2F87257F56005FF8F2 Hearing Summary

Date: 02/10/2016

Location: SCR 356

Final

BILL SUMMARY for SB16-024



SENATE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS


Votes: View--> Action Taken:
Postpone Senate Bill 16-024 indefinitely using a r

Refer Senate Bill 16-024 to the Committee of the W
PASS

FAIL







01:33 PM -- SB16-024



Senator Jones presented Senate Bill 16-024 to the committee and answered questions. The bill caps the annual interest rate that a private or nongovernmental lender may charge for a student loan at two percentage points higher than the rate charged by the federal government for an unsubsidized loan made for the same purpose. The cap is imposed on loans made to students, their spouses, and to taxpayers claiming a student as a dependent.



01:41 PM -- Jenifer Waller, representing Colorado Bankers Association, testified against the bill.



01:47 PM --
Micki Hackenberger, representing Colorado Association of Career Colleges & Schools, testified against the bill.



01:48 PM -- Favianna Oropeza, representing herself, testified in support of the bill and presented a handout (Attachment A).



16SenateState0210AttachA.pdf16SenateState0210AttachA.pdf



01:55 PM --
Hayley Chase, representing herself, testified in support of the bill.



02:00 PM --
Linsi Bowers, representing herself, testified in support of the bill.



02:04 PM --
Jon Heisler, representing himself, testified in support of the bill.





02:07 PM



Senator Jones wrapped up his presentation to the committee.

BILL: SB16-024
TIME: 02:15:01 PM
MOVED: Ulibarri
MOTION: Refer Senate Bill 16-024 to the Committee of the Whole. The motion failed on a vote of 2-3.
SECONDED:
VOTE
Hill
No
Jones
Yes
Ulibarri
Yes
Sonnenberg
No
Scott
No
YES: 2 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: FAIL




BILL: SB16-024
TIME: 02:17:55 PM
MOVED: Sonnenberg
MOTION: Postpone Senate Bill 16-024 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. The motion passed on a vote of 3-2.
SECONDED:
VOTE
Hill
Yes
Jones
No
Ulibarri
No
Sonnenberg
Yes
Scott
Yes
Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS