Location: LSB A
Final
BILL SUMMARY for SB16-185
HOUSE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS
BILL SUMMARY for SB16-185
HOUSE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS
| Votes: View--> | Action Taken: |
| Adopt amendment L.001 (Attachment F) to Senate Bil Postpone Senate Bill 16-185 indefinitely. The moti Refer Senate Bill 16-185 to the Committee on Finan |
FAIL PASS FAIL |
12:46 PM -- SB16-185
Representative Melton, sponsor, presented Senate Bill 16-185 to the committee and provided a packet of information about the bill (Attachment E). This reengrossed bill requires the administrator of the Consumer Credit Code to adjust the financed dollar amounts for supervised loans and consumer credit sales issued by a Colorado lender based on the consumer price index for the Denver-Boulder-Greeley metropolitan statistical area. The administrator must adjust these amounts for inflation no later than January 1, 2017, and each January 1 thereafter.
Representative Melton offered amendment L.001 (Attachment F) and discussed the amendment.
12:59 PM -- Rich Jones, representing the Bell Policy Center, testified against the bill and provided a handout (Attachment G). He noted additional organizations opposed to the bill. He responded to committee member questions.
01:12 PM -- Greg Glischinski, representing AARP Colorado, testified against the bill.
01:15 PM -- Michelle Webster, representing the Colorado Center on Law and Policy, testified against the bill.
01:24 PM -- Tim Gaudette, representing Small Business Majority, testified against the bill and provided a handout (Attachment H).
01:28 PM -- Phil Hitz, representing OneMain Springleaf Financial Services, testified in support of the bill.
01:32 PM -- Julie Ann Meade, representing the Office of the Attorney General, testified on the bill and provided a handout (Attachment I).
01:35 PM -- Rickie Keys, representing Renewal Financial, testified in support of the bill.
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| BILL: | SB16-185 | |
| TIME: | 01:38:10 PM | |
| MOVED: | Ryden | |
| MOTION: | Adopt amendment L.001 (Attachment F) to Senate Bill 16-185. The motion failed on a vote of 1-8. | |
| SECONDED: | Lontine | |
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VOTE |
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Foote |
No |
|
Humphrey |
No |
|
Leonard |
No |
|
Neville P. |
No |
|
Primavera |
No |
|
Tyler |
No |
|
Wist |
No |
|
Lontine |
No |
|
Ryden |
Yes |
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YES: 1 NO: 8 EXC: 0 ABS: 0 FINAL ACTION: FAIL
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01:39 PM
Representative Melton wrapped up his presentation of the bill.
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| BILL: | SB16-185 | |
| TIME: | 01:41:04 PM | |
| MOVED: | Neville P. | |
| MOTION: | Refer Senate Bill 16-185 to the Committee on Finance. The motion failed on a vote of 4-5. | |
| SECONDED: | Leonard | |
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VOTE |
|
|
Foote |
No |
|
Humphrey |
Yes |
|
Leonard |
Yes |
|
Neville P. |
Yes |
|
Primavera |
No |
|
Tyler |
No |
|
Wist |
Yes |
|
Lontine |
No |
|
Ryden |
No |
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|
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YES: 4 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: FAIL
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| BILL: | SB16-185 | |
| TIME: | 01:41:47 PM | |
| MOVED: | Lontine | |
| MOTION: | Postpone Senate Bill 16-185 indefinitely. The motion passed on a vote of 5-4. | |
| SECONDED: | Foote | |
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VOTE |
|
|
Foote |
Yes |
|
Humphrey |
No |
|
Leonard |
No |
|
Neville P. |
No |
|
Primavera |
Yes |
|
Tyler |
Yes |
|
Wist |
No |
|
Lontine |
Yes |
|
Ryden |
Yes |
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Final YES: 5 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: PASS
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01:42 PM
The committee adjourned.