H_BUS_2019A 03/19/2019 11:15:50 AM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGHOUSE COMMITTEE ON BUSINESS AFFAIRS & LABOR Date 03/19/2019 Attendance Arndt X Bird X Duran X McKean * Sandridge X Snyder * Sullivan * Van Winkle X Williams D. X Coleman X Kraft-Tharp X X = Present, E = Excused, A = Absent, * = Present after roll call Time 11:15:50 AM to 11:57:59 AM Place LSB A This Meeting was called to order by Representative Kraft-Tharp This Report was prepared by Luisa Altmann Hearing Items Action Taken hSB19-088 Amended, referred to the Committee of the Whole SB19-088 - Amended, referred to the Committee of the Whole Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/8B3D06293D6B...$File/190319 AttachA.pdf?OpenElement 190319 AttachA.pdf 11:16:33 AM Representative Tipper introduced Senate Bill 19-088. The bill repeals and reenacts the Unclaimed Property Act with modified standards and procedures related to the handling, reporting, sale, disposition, and claims made for unclaimed property held by the state. 11:25:35 AM Representative Tipper responded to questions from the committee. 11:29:34 AM James Hall, American Council of Life Insurers, testified in opposition to the bill. 11:33:15 AM Bianca Gardelli, Unclaimed Property Director, Department of the Treasury, testified in support of the bill. 11:35:53 AM Peter Gunn, Department of the Treasury, testified in support of the bill. 11:38:37 AM Ms. Gardelli responded to questions from the committee. 11:39:54 AM Claire Levy, Uniform Law Commission, testified in support of the bill. 11:41:02 AM Garth Farrend, Department of the Treasury, testified in support of the bill. 11:44:17 AM John Olson, Department of the Treasury, testified in support of the bill. 11:47:21 AM Ms. Levy responded to questions from the committee. 11:48:06 AM Barbara Walker, Independent Bankers of Colorado, testified on the bill from a neutral position. 11:49:07 AM Representative Tipper and the committee discussed amendment L.023 (Attachment A). 11:55:54 AM Motion Adopt amendment L.023 Moved McKean Seconded Van Winkle Arndt Bird Duran McKean Sandridge Snyder Sullivan Van Winkle Williams D. Coleman Kraft-Tharp YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 11:57:36 AM Motion Refer Senate Bill 19-088, as amended, to the Committee of the Whole. Moved McKean Seconded Arndt Arndt Yes Bird Yes Duran Yes McKean Yes Sandridge No Snyder Yes Sullivan Yes Van Winkle Yes Williams D. Yes Coleman Excused Kraft-Tharp Yes Final YES: 9 NO: 1 EXC: 1 ABS: 0 FINAL ACTION: PASS 11:57:59 AM The committee adjourned.