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F045A05070DF442587258966006C691E Hearing Summary




PUBLIC
BILL SUMMARY For HB23-1162

HOUSE COMMITTEE ON FINANCE
Date Mar 2, 2023      
Location HCR 0112



HB23-1162 - Witness Testimony and Committee Discussion Only


12:44:14 PM  
Representative Woodrow, prime sponsor, presented House Bill 23-1162. The bill requires companies offering consumer legal funding to register with the Attorney General. Representative Woodrow responded to questions from the committee.
12:51:34 PM  
Amendments L.002 (Attachment A) and L.003 (Attachment B) were distributed to the committee.
12:52:31 PM  
Kelly Campbell, representing the American Property Casualty Insurance Association, testified in opposition to the bill.
12:55:56 PM  
Brian Garelli, representing Preferred Capital Funding, testified in support of the bill.
12:59:58 PM  
Eric Schuller, representing the Alliance for Responsible Consumer Legal Funding, testified in support of the bill.
01:03:32 PM  
The panel of witnesses responded to questions from the committee.
01:06:51 PM  
The bill was laid over to Monday, March 6, 2023.






The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details