H_BUS_2021A 05/26/2021 01:47:16 PM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGHOUSE COMMITTEE ON BUSINESS AFFAIRS & LABOR Date 05/26/2021 Attendance Amabile X Bird X Carver * Duran X Lynch * Mullica X Neville * Ricks X Sandridge X Snyder X Van Winkle X Sullivan X Roberts X Time 01:47:16 PM to 02:51:06 PM Place HCR 0112 This Meeting was called to order by Roberts This Report was prepared by Luisa Altmann Hearing Items Action Taken hSB21-091 Amended, referred to House Appropriations hSB21-259 Referred to the Committee of the Whole SB21-091 - Amended, referred to House Appropriations Attachment Tag File Name Attachment A http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/C7415C027221...$File/21HouseBus0526AttachA.pdf?OpenElement 21HouseBus0526AttachA.pdf Attachment B http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/5FC9D9A60FBD...$File/21HouseBus0526AttachB.pdf?OpenElement 21HouseBus0526AttachB.pdf Attachment C http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/1E1635E34B43...$File/21HouseBus0526AttachC.pdf?OpenElement 21HouseBus0526AttachC.pdf 01:50:56 PM Representatives Bird and Larson introduced Senate Bill 21-091, Credit Transaction Charge Limitations. The bill sponsors provided Amendments L.007 and L.008 (Attachments A and B). The bill sponsors responded to questions from the committee. 01:54:34 PM Adam Fox, representing the Colorado Consumer Health Initiative, testified in opposition to the bill. 01:57:53 PM Sara Lipowitz, representing the Colorado Center on Law and Policy, testified in opposition to the bill. 02:00:58 PM The witnesses responded to questions from the committee. 02:06:06 PM Allison Conwell, representing the Colorado Public Interest Research Group (CoPIRG ), testified in support of the bill. 02:07:43 PM Grier Bailey, representing the Colorado Wyoming Petroleum Marketers Association (CWPMA), testified in support of the bill. 02:10:18 PM Jonathan Razi, representing CardX, testified in support of the bill. 02:13:38 PM The witnesses responded to questions from the committee. 02:19:40 PM Kachina Weaver, representing the Colorado Licensed Beverage Association, testified in support of the bill. 02:21:05 PM Troy Hill, representing himself, testified in support of the bill. 02:22:52 PM MaryLou Chapman, representing the Rocky Mountain Food Industry Association, testified in support of the bill. 02:24:19 PM The witnesses responded to questions from the committee. 02:28:43 PM Jenifer Waller, representing the Colorado Bankers Association, testified on the bill from an amend position. 02:30:26 PM Additional written testimony that was submitted to the committee for consideration is provided as Attachment C. 02:30:56 PM The bill sponsors and committee discussed the potential amendments. 02:31:50 PM Motion Adopt amendment L.007 Moved Bird Seconded Duran Amabile Bird Carver Duran Lynch Mullica Neville Ricks Sandridge Snyder Van Winkle Sullivan Roberts YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 02:32:16 PM Motion Adopt amendment L.008 Moved Bird Seconded Duran Amabile Bird Carver Duran Lynch Mullica Neville Ricks Sandridge Snyder Van Winkle Sullivan Roberts YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 02:32:18 PM The bill sponsors and committee members made closing remarks on the bill. 02:40:21 PM Motion Refer Senate Bill 21-091, as amended, to the Committee on Appropriations. Moved Bird Seconded Amabile Amabile Yes Bird Yes Carver Yes Duran Yes Lynch Yes Mullica Yes Neville Yes Ricks Yes Sandridge Yes Snyder Yes Van Winkle Yes Sullivan Yes Roberts Yes Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB21-259 - Referred to the Committee of the Whole 02:40:26 PM Representative Bird introduced Senate Bill 21-259, Modify Nonforfeiture Percent Surrender Annuity. The bill sponsors responded to questions from the committee. 02:46:08 PM Keith Mancini, representing Empower Retirement, testified in support of the bill. 02:48:56 PM The bill sponsors and committee members made closing remarks on the bill. 02:50:59 PM Motion Refer Senate Bill 21-259 to the Committee of the Whole. Moved Sandridge Seconded Bird Amabile Yes Bird Yes Carver Yes Duran Yes Lynch Yes Mullica Yes Neville Yes Ricks Yes Sandridge Yes Snyder Yes Van Winkle Yes Sullivan Yes Roberts Yes Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS 02:51:06 PM The committee adjourned.