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S_FIN_2021A 03/22/2021 01:34:38 PM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON FINANCE
Date 03/22/2021
Attendance
Hisey X
Lee X
Lundeen X
Scott X
Winter *
Bridges X
Pettersen X
Time 01:34:38 PM to 02:50:53 PM
Place Old Supreme Court
This Meeting was called to order by Pettersen
This Report was prepared by Katie Ruedebusch
Hearing Items Action Taken
SB21-178 Referred to Senate Appropriations
HB21-1126 Referred to the Committee of the Whole - Consent Calendar
SB21-148 Amended, referred to Senate Appropriations

SB21-178 - Referred to Senate Appropriations
01:35:06 PM  
Senator Moreno introduced Senate Bill 21-178. The bill extends expenditure or appropriation deadlines for spending money from the Federal CARE Act subfund for various state agencies and departments.
01:37:28 PM  
Sen. Moreno answered several committee questions.


01:44:43 PM
 Motion Refer Senate Bill 21-178 to the Committee on Appropriations.
Moved Bridges
Seconded
Hisey Yes
Lee Yes
Lundeen Yes
Scott Yes
Winter Excused
Bridges Yes
Pettersen Yes
Final YES: 6   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS



HB21-1126 - Referred to the Committee of the Whole - Consent Calendar
01:44:52 PM  
Senator Story introduced
House Bill 21-1126.  This bill restores the authority that House Bill
14-1387 inadvertently removed from the Office of the State Architect to
negotiate and execute leases for privately-owned property, including land
and buildings, on behalf of the state.


01:47:51 PM
 Motion Refer House Bill 21-1126 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.
Moved Bridges
Seconded
Hisey Yes
Lee Yes
Lundeen Yes
Scott Yes
Winter Excused
Bridges Yes
Pettersen Yes
Final YES: 6   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS



SB21-148 - Amended, referred to Senate Appropriations
01:48:06 PM  
Senator Gonzales
introduced Senate Bill 21-148.  The bill creates the Financial Empowerment
Office in the Department of Law. The office is charged with growing the
financial resilience of Coloradans by expanding access to safe and affordable
banking and credit, and free individual financial counseling and coaching,
as well as developing stronger consumer protections.
01:55:19 PM  
Senator Gonzales answered several committee questions.
02:02:06 PM  
Mr. John Murphy,
representing Cities for Financial Empowerment, testified in a neutral position
on the bill.  Mr. Murphy answered several committee questions.
02:08:03 PM  
Ms. Andrea Kuwik, representing Bell Policy Center, testified in support of the bill.
02:13:21 PM  
Ms. Katrice Traylor, representing Bell Policy Center/ Office of Financial Empowerment, testified in support of the bill.
02:14:31 PM  
Ms. Shayla Johnson, representing Black Business Initiative, testified in support of the bill.
02:17:16 PM  
Dr. Barbara Freeman,
representing herself, testified in support of the bill.
02:21:32 PM  
Mrs. Maria Gonzalez, representing Adelante Community Development, testified in support of the bill.
02:26:40 PM  
Mr. Danny Katz, representing
CoPIRG (Colorado Public Interest Research Group), testified in support
of the bill.  Mr. Katz answered a committee question.
02:33:50 PM  
Mr. Jeff Riester, representing Department of Law, testified in support of the bill.
02:34:13 PM  
Mr. Andrew Wood, representing Colorado Bankers Association, testified in support of the bill.
02:36:35 PM  
Ms. Beauclarine Thomas, representing Colorado Municipal League, testified in support of the bill.
02:36:48 PM  
Ms. Esther Turcios, representing Colorado Fiscal Institute, testified in support of the bill.
02:40:38 PM  
Mr. Shawn Young, representing Financial Health Institute, testified in support of the bill.
02:42:21 PM  
Additional written
testimony submitted on the bill may be found in Attachment A.


02:45:42 PM
 Motion Adopt amendment L.002 (Attachment B)
Moved Bridges
Seconded
Hisey
Lee
Lundeen
Scott
Winter Excused
Bridges
Pettersen
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection


02:50:41 PM
 Motion Refer Senate Bill 21-148, as amended, to the Committee on Appropriations.
Moved Bridges
Seconded
Hisey No
Lee Yes
Lundeen No
Scott No
Winter Yes
Bridges Yes
Pettersen Yes
Final YES: 4   NO: 3   EXC: 0   ABS:  0   FINAL ACTION:  PASS


02:50:53 PM   The committee adjourned.






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