S_FIN_2021A 04/21/2021 01:35:57 PM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGSENATE COMMITTEE ON FINANCE Date 04/21/2021 Attendance Hisey X Lee X Lundeen X Scott X Winter X Bridges X Pettersen X Time 01:35:57 PM to 04:47:48 PM Place Old Supreme Court This Meeting was called to order by Pettersen This Report was prepared by Katie Ruedebusch Hearing Items Action Taken hSB21-057 Amended, referred to Senate Appropriations hSB21-180 Amended, referred to Senate Appropriations SB21-057 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/873B8AB98937...$File/210421 AttachA.pdf?OpenElement 210421 AttachA.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/07DEA450484C...$File/210421 AttachB.pdf?OpenElement 210421 AttachB.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/0FAE50DB8A88...$File/210421 AttachC.pdf?OpenElement 210421 AttachC.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/E16B783B4301...$File/210421 AttachD.pdf?OpenElement 210421 AttachD.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/5C539E8A2FCD...$File/210421 AttachE.pdf?OpenElement 210421 AttachE.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/5DFA7997EE5B...$File/210421 AttachF.pdf?OpenElement 210421 AttachF.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/A27E5712695A...$File/210421 AttachG.pdf?OpenElement 210421 AttachG.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/C327C4ABC907...$File/210421 AttachH.pdf?OpenElement 210421 AttachH.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/3011D2526D6B...$File/210421 AttachI.pdf?OpenElement 210421 AttachI.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/B31B7C5F1D4D...$File/210421 AttachJ.pdf?OpenElement 210421 AttachJ.pdf 01:37:17 PM Sens. Winter and Gonzales introduced Senate Bill 21-057. The bill expands the Colorado Student Loan Servicers Act to include requirements for private lenders, creditors, and collection agencies related to higher education loans. It also increases protections for borrowers and cosigners. The sponsors answered several committee questions. 01:37:18 PM All written testimony recieved by the committee may be found in Attachment A. 01:40:31 PM Ms. Morgan Royal, representing New Era Colorado, testified in support of the bill. 01:53:50 PM Ms. Karen Cody-Hopkins, representing herself, testified in support of the bill. 01:58:17 PM Ms. Kelly Schwandt, representing Atlantis Community, Inc., testified in support of the bill. 02:03:36 PM Mr. Ben Vinci, representing himself, testified in opposition to the bill. 02:07:37 PM Ms. Arianne Gronowski, representing herself, testified in opposition to the bill. 02:10:36 PM Ms. Yosy Janson, representing the Colorado Creditor Bar Association, testified in opposition to the bill. 02:16:10 PM Mr. Heath Morgan, representing himself, testified in opposition to the bill. 02:24:10 PM Ms. Deborah Wilson, representing the Colorado Creditor Bar Association, testified in opposition to the bill. 02:26:18 PM Mr. Austin Elsey, representing FMS Bank, testified in opposition to the bill. 02:30:05 PM Mr. Chad Echols, representing several debt collectors in Colorado, testified in opposition to the bill. 02:36:19 PM Ms. Makyla Moody, representing the Colorado Creditors Bar Association, testified to amend the bill. 02:37:10 PM Mr. Scott Allely, representing the Associated Collections Agencies of Colorado, testified to amend the bill. 02:40:50 PM Ms. Vicki Lammers, representing the Associated Collections Agencies of Colorado, testified to amend the bill. 02:44:09 PM Mr. Richard Gonzales, representing Colorado Mountain College, answered committee questions. 02:47:11 PM Mr. Matthew Gianneschi, representing Colorado Mountain College, testified to amend the bill. 02:47:49 PM Mr. Javier Alvarado Vega, representing himself, testified in support of the bill. 02:51:56 PM Ms. Laura Valle-Gutierrez, representing Bell Policy Center, testified in support of the bill. 02:55:43 PM Ms. Nat Landin, representing herself, testified in support of the bill. 02:59:18 PM Ms. Noelle Trueheart, representing herself, testified in support of the bill. 03:04:11 PM Ms. Allison Conwell, representing CoPIRG (Colorado Public Interest Research Group), testified in support of the bill. 03:07:02 PM Ms. Martha Fulford, representing the Colorado Department of Law, was available to answer committee questions. 03:09:22 PM Mr. Seth Frotman, representing Student Borrower Protection Center, testified in support of the bill. Ms. Bonnie Latreille, representing Student Borrower Protection Center, appeared for questions only. 03:11:35 PM Mr. Matthew Ruman, representing himself, testified against the bill. 03:32:49 PM Motion Adopt amendment L.002 (Attachment B) Moved Winter Seconded Hisey Lee Lundeen Scott Winter Bridges Pettersen YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:33:21 PM Motion Adopt amendment L.003 (Attachment C) Moved Winter Seconded Hisey Lee Lundeen Scott Winter Bridges Pettersen YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:33:45 PM Motion Adopt amendment L.004 (Attachment D) Moved Winter Seconded Hisey Lee Lundeen Scott Winter Bridges Pettersen YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:34:01 PM Motion Adopt amendment L.006 (Attachment E) Moved Bridges Seconded Hisey Lee Lundeen Scott Winter Bridges Pettersen YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:34:18 PM Motion Adopt amendment L.012 (Attachment F) Moved Winter Seconded Hisey Lee Lundeen Scott Winter Bridges Pettersen YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:34:35 PM Motion Adopt amendment L.014 (Attachment G) Moved Winter Seconded Hisey Lee Lundeen Scott Winter Bridges Pettersen YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:34:51 PM Motion Adopt amendment L.015 (Attachment H) Moved Winter Seconded Hisey Lee Lundeen Scott Winter Bridges Pettersen YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:35:07 PM Motion Adopt amendment L.016 (Attachment I) Moved Winter Seconded Hisey Lee Lundeen Scott Winter Bridges Pettersen YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:35:23 PM Motion Adopt amendment L.017 (Attachment J) Moved Winter Seconded Hisey Lee Lundeen Scott Winter Bridges Pettersen YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 03:44:16 PM Motion Refer Senate Bill 21-057, as amended, to the Committee on Appropriations. Moved Winter 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 SB21-180 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/C44ACD9C0832...$File/210421 AttachK.pdf?OpenElement 210421 AttachK.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/C65041085FD1...$File/210421 AttachL.pdf?OpenElement 210421 AttachL.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/FE3F1A030E73...$File/210421 AttachM.pdf?OpenElement 210421 AttachM.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/2FBAF7C583D8...$File/210421 AttachN.pdf?OpenElement 210421 AttachN.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/EB139D9B8B52...$File/210421 AttachO.pdf?OpenElement 210421 AttachO.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2021A/commsumm.nsf/0/CDD50A79F1A2...$File/210421 AttachP.pdf?OpenElement 210421 AttachP.pdf 03:44:28 PM Sen. Priola introduced Senate Bill 21-180. The bill creates the Colorado Recycling and Composting Infrastructure Enterprise within the Department of Public Health and Environment (CDPHE) to provide financing to recycling and composting infrastructure. 03:44:29 PM Written testimony recieved by the committee may be found in Attachment K. 04:03:29 PM Mr. Omar Terrie, representing the American Chemistry Council, testified in support of the bill. 04:03:50 PM Ms. Suzanne Jones, representing Eco-Cycle, testified in opposition to the bill. Mr. Duncan Gilchrist, representing 350 Colorado, testified in opposition to the bill. 04:14:39 PM Mr. Vann Fussell, representing Good Business Colorado, testified in opposition to the bill. Ms. Meghan MacKillop, representing Colorado Municipal League, testified in support of several amendments. Mr. Zach Robertson, representing himself, testified to amend the bill. 04:17:50 PM Ms. Hannah Collazo, representing Environment Colorado, testified in a neutral position on the bill. Ms. Brandy Moe, representing Recycle Colorado, testified in a neutral position on the bill. 04:27:23 PM Ms. Rachel Roussel-Diamond and Mr. Wolf Kray, representing CDPHE, were available to answer committee questions. 04:29:50 PM Mr. Richard Sweetman, Legislative Legal Services, came to the table to discuss several proposed amendments. 04:44:03 PM Motion Adopt amendment L.003 (Attachment L) Moved Bridges Seconded Hisey Lee Lundeen Scott Winter Bridges Pettersen YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:45:10 PM Motion Adopt amendment L.007 (Attachment M) Moved Bridges Seconded Hisey Lee Lundeen Scott Winter Bridges Pettersen YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:46:17 PM Motion Adopt amendment L.008 (Attachment N) Moved Bridges Seconded Hisey Lee Lundeen Scott Winter Bridges Pettersen YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:46:42 PM Motion Adopt amendment L.009 (Attachment O) Moved Bridges Seconded Hisey Lee Lundeen Scott Winter Bridges Pettersen YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:47:04 PM Motion Adopt amendment L.010 (Attachment P) Moved Bridges Seconded Hisey Lee Lundeen Scott Winter Bridges Pettersen YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 04:47:28 PM Motion Refer Senate Bill 21-180, as amended, to the Committee on Appropriations. Moved Bridges Seconded Hisey Yes Lee Yes Lundeen Yes Scott Yes Winter Yes Bridges Yes Pettersen Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS 04:47:48 PM The committee adjourned.