Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

S_FIN_2020A 02/13/2020 10:32:30 AM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON FINANCE
Date 02/13/2020
Attendance
Hansen X
Lundeen *
Tate X
Todd X
Woodward X
Lee X
Gonzales X
Time 10:32:30 AM to 01:28:34 PM
Place SCR 357
This Meeting was called to order by Senator Gonzales
This Report was prepared by Elizabeth Burger
Hearing Items Action Taken
SB20-004 Amended, referred to Senate Appropriations
SB20-145 Postponed Indefinitely
SB20-146 Amended, referred to the Committee of the Whole - Consent Calendar
SB20-112 Postponed Indefinitely
SB20-148 Lay Over
SB20-141 Lay Over
SB20-019 Lay Over

X = Present, E = Excused, A = Absent, * = Present after roll call

SB20-004 - Amended, referred to Senate Appropriations


10:33:25 AM  
Senator Fenberg introduced Senate Bill 20-004. The bill creates the Get on Your Feet Student Loan Repayment Assistance Program in the Department of Higher Education. He responded to questions from the committee regarding the bill.
10:52:32 AM  
Tyler Jackie, Bell Policy Center, testified
in support of the bill.
10:56:22 AM  
Emily Burns, Colorado Department of Higher Education, offered to respond to committee questions regarding the bill.
10:57:03 AM  
Morgan Royal, New Era Colorado, testified
in support of the bill.  Ms. Royal and Mr. Jackie responded to committee
questions.  Ms. Burns responded to questions from the committee regarding
the administrative costs of the bill and whether out-of-state students
would qualify for the bill.
11:19:46 AM  

Ryan Case, American Federation of Teachers - Colorado, testified in support of the bill.

11:21:15 AM  
Lauren Smith, representing herself, testified in support of the bill.
11:23:58 AM  

Mykaela Doane, representing herself, testified in support of the bill and responded to committee questions.

11:30:40 AM  

Maggie Bryniarski read testimony in support of the bill.

11:32:37 AM  

Victoria Dadet read testimony in support of the bill.

11:35:31 AM  
Eli Grimm, representing herself, testified
in support of the bill.
11:38:07 AM  

Matt Vondrasek, United Government of Graduate Students, CU Boulder, testified in support of the bill and responded to committee questions.

11:44:38 AM  
Sophia San Miguel, representing herself,
testified regarding the bill and provided written testimony (Attachment
A).
11:51:01 AM  
Senator Fenberg distributed and explained amendment L.001
(Attachment B).


11:52:07 AM
Motion Adopt amendment L.001
Moved Hansen
Seconded
Hansen
Lundeen Excused
Tate
Todd
Woodward
Lee
Gonzales
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


12:28:03 PM
Motion Refer Senate Bill 20-004, as amended, to the Committee on Appropriations.
Moved Hansen
Seconded
Hansen Yes
Lundeen No
Tate Yes
Todd Yes
Woodward No
Lee Yes
Gonzales Yes
Final YES: 5   NO: 2   EXC: 0   ABS:  0   FINAL ACTION:  PASS



SB20-145 - Postponed Indefinitely


12:28:14 PM  

Senator Smallwood introduced Senate Bill 20-145. The bill repeals Colorado's Reinsurance Program, limiting its operation to the 2020 benefit year.  He distributed a handout to the committee (Attachment C).

12:31:18 PM  
Carol Downs, representing herself, testified in support of the bill. She responded to questions from the committee.
12:36:28 PM  
Caitlin Westerson, Colorado Consumer Health Initiative, testified in opposition to the bill.
12:40:50 PM  
Hillary Jorgensen, Healthier Colorado, testified in opposition to the bill.
12:44:02 PM  
Kyle Brown, Colorado Division of Insurance within the Department of Regulatory Agencies, testified in opposition to the bill. Members of the panel responded to questions from the committee.


01:02:49 PM
Motion Postpone Senate Bill 20-145 indefinitely.
Moved Lundeen
Seconded
Hansen Yes
Lundeen Yes
Tate Yes
Todd Yes
Woodward Yes
Lee Yes
Gonzales Yes
Final YES: 7   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS



SB20-146 - Amended, referred to the Committee of the Whole - Consent Calendar


01:03:02 PM  
Senator Priola introduced Senate Bill 20-146.
 The bill repeals and reenacts a portion of the Unclaimed Property
Act with modifications related to the presumption of abandonment for demand,
savings, or time deposits with a financial organization, along with other
changes.   Senator Priola distributed amendment L.001 (Attachment
D).
01:06:45 PM  
Jenifer Waller, Colorado Bankers Association, testified in support of the bill.
01:07:57 PM  

Zack Bunney, FirstBank, testified in support of the bill.

01:09:03 PM  
Leah Marvin-Riley, Department of Treasury, testified in support of the bill. She explained amendment L.001.


01:11:37 PM
Motion Adopt amendment L.001
Moved Hansen
Seconded
Hansen
Lundeen
Tate
Todd
Woodward
Lee
Gonzales
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


01:12:37 PM
Motion Refer Senate Bill 20-146, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.
Moved Hansen
Seconded
Hansen Yes
Lundeen Yes
Tate Excused
Todd Yes
Woodward Yes
Lee Yes
Gonzales Yes
Final YES: 6   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS



SB20-112 - Postponed Indefinitely

01:20:13 PM  
Senator Priola introduced Senate Bill 20-112.
 The committee previously heard witness testimony on the bill on February
4, 2020, and at that time, the committee adopted amendment L.001 (Attachment
E).  Senator Priola explained and distributed amendments L.003 and
L.005 (Attachments F and G).  Members of the committee commented on
the bill.


01:21:27 PM
Motion Amend L.003, line 3, strike "calendar"
Moved Lundeen
Seconded
Hansen
Lundeen
Tate Excused
Todd
Woodward
Lee
Gonzales
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


01:21:49 PM
Motion Adopt amendment L.003
Moved Lundeen
Seconded
Hansen
Lundeen
Tate Excused
Todd
Woodward
Lee
Gonzales
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


01:22:10 PM
Motion Adopt amendment L.005
Moved Lundeen
Seconded
Hansen
Lundeen
Tate Excused
Todd
Woodward
Lee
Gonzales
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


01:27:49 PM
Motion Refer Senate Bill 20-112, as amended, to the Committee on Appropriations.
Moved Woodward
Seconded
Hansen No
Lundeen Yes
Tate Yes
Todd No
Woodward Yes
Lee No
Gonzales No
YES: 3   NO: 4   EXC: 0   ABS:  0   FINAL ACTION:  FAIL


01:27:59 PM
Motion Postpone Senate Bill 20-112 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely.
Moved Gonzales
Seconded
Hansen Yes
Lundeen No
Tate No
Todd Yes
Woodward No
Lee Yes
Gonzales Yes
Final YES: 4   NO: 3   EXC: 0   ABS:  0   FINAL ACTION:  PASS



01:27:55 PM
The chair announced that Senate Bills 20-019,
20-141, and 20-148 would be laid over until a future date.



SB20-148 - Lay Over




SB20-019 - Lay Over




SB20-141 - Lay Over



01:28:34 PM   The committee adjourned.






Colorado legislature email addresses ending in @state.co.us are no longer active. Please replace @state.co.us with @coleg.gov for Colorado legislature email addresses.  Details