Mr. David Seligman, representing Towards Justice, testified in support of the bill. Mr. Seligman explained that HB 18-1262 is based on laws in other states, and provides for transparency. He provided background on arbitration laws, and discussed preemption in arbitration. Mr. Seligman responded to questions regarding certain arbitration regulations, and the effect of arbitration laws similar to HB 18-1262 passed in other states. Mr. Seligman responded to further questions regarding his interactions with arbitrators in Colorado, and the interplay between HB 18-1262 and the Uniform Arbitration Act. Discussion ensued regarding arbitration agreements built into contracts, and the amount of time it may take arbitrators to compile the information required to be reported by HB 18-1262. Discussion followed regarding the effect of the bill on arbitration fees, and the bill's enforcement measures.