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34311706D89678D5872583E6006C935C Hearing Summary




PUBLIC
BILL SUMMARY For SB19-173

HOUSE COMMITTEE ON BUSINESS AFFAIRS & LABOR
Date 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






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