34311706D89678D5872583E6006C935C Hearing Summary CLICS/CLICS2019A/commsumm.nsf PUBLICBILL SUMMARY For SB19-173HOUSE COMMITTEE ON BUSINESS AFFAIRS & LABORDate Apr 24, 2019 Location LSB A SB19-173 - Referred to House Appropriations 01:45:57 PM Representative Kraft-Tharp and Representative Hansen introduced Senate Bill 19-173. The bill creates the Colorado Secure Savings Board in the Office of the State Treasurer to study the feasibility of creating a retirement savings plan for private sector employees. The bill sponsors provided a handout to the committee (Attachment A). 01:51:32 PM The bill sponsors responded to questions from the committee. 02:00:01 PM Demetrius Johnson, D2 Financial Strategies, testified in support of the bill. 02:03:39 PM Rich Jones, Bell Policy Center, testified in support of the bill. 02:06:30 PM Phil Steckley, AARP, testified in support of the bill. He provided a handout to the committee (Attachment B). 02:09:23 PM Graciela Rocha, Good Business Colorado, testified in support of the bill. 02:11:21 PM Mr. Johnson, Ms. Rocha, Mr. Steckley, and Mr. Jones responded to questions from the committee. 02:16:29 PM Dave Young, Colorado State Treasurer, testified in support of the bill. 02:19:39 PM Hunter Railey, Small Business Majority, testified in support of the bill. 02:22:39 PM Jenifer Waller, Colorado Bankers Association, testified on the bill from a neutral position. 02:24:13 PM Carl Larson, National Association of Financial Advisors, testified in support of the bill. 02:26:47 PM Treasurer Young responded to questions from the committee. 02:32:59 PM The bill sponsors and committee members made closing remarks on the bill. 02:39:35 PM Motion Refer Senate Bill 19-173 to the Committee on Appropriations. Moved Kraft-Tharp Seconded Snyder Arndt Excused Bird Yes Duran Yes McKean Excused Pelton No Snyder Yes Sullivan Yes Van Winkle No Wilson No Coleman Yes Kraft-Tharp Yes Final YES: 6 NO: 3 EXC: 2 ABS: 0 FINAL ACTION: PASS