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H_BUS_2019A 03/19/2019 11:15:50 AM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
HOUSE 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
SB19-088 Amended, referred to the Committee of the Whole

SB19-088 - Amended, referred to the Committee of the Whole


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.