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h_bus_2017a_2017-04-13t14:04:53z2 Hearing Summary

Date: 04/13/2017

Location: LSB A

Final

BILL SUMMARY for HB17-1290



HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR


Votes: View--> Action Taken:
Adopt amendment L.001. The motion passed without o

Refer House Bill 17-1290, as amended, to the Commi
Pass Without Objection

PASS







03:48 PM



The committee took a brief recess.



03:50 PM



The committee reconvened.



03:50 -- HB 17-1290



Representative Pettersen and Representative Buckner introduced House Bill 17-1290. The bill creates the Colorado Secure Savings Plan for private sector employees to be administered by the newly created statutory public entity, the Colorado Secure Savings Board.



The bill sponsors provided amendment L.001 (Attachment E) and several handouts (Attachments F - K).



170413 AttachF.pdf170413 AttachF.pdf170413 AttachG.pdf170413 AttachG.pdf170413 AttachH.pdf170413 AttachH.pdf170413 AttachI.pdf170413 AttachI.pdf170413 AttachJ.pdf170413 AttachJ.pdf170413 AttachK.pdf170413 AttachK.pdf



The bill sponsors responded to questions from the committee.



04:10 PM



The bill sponsors continued to respond to questions from the committee.



04:30 PM



The bill sponsors continued to respond to questions from the committee.



04:43 PM --
Rich Jones, Bell Policy Center, testified in support of the bill and provided a handout to the committee (Attachment L). Mr. Jones responded to questions from the committee.



170413 AttachL.pdf170413 AttachL.pdf



04:56 PM --
Chad Vorthmann, Colorado Farm Bureau, testified in opposition to the bill.



05:00 PM --
Jim Hall, American Council of Life Insurers, testified in opposition to the bill.



05:02 PM --
Carolyn Paul, ANB Bank, testified in opposition to the bill.



05:04 PM --
Jenifer Waller, Colorado Bankers Association, testified in opposition to the bill.



05:07 PM



Ms. Waller, Mr. Hall, and Ms. Paul responded to questions from the committee.



05:16 PM --
Travis Barry, the Denver Metro Chamber of Commerce and the Colorado Competitive Council (C3), testified in opposition to the bill.



05:18 PM --
Tony Gagliardi, National Federation of Independent Business, testified in opposition to the bill.



05:21 PM --
Phil Steckley, AARP, testified in support of the bill. Mr. Steckley provided two handouts to the committee (Attachments M and N). Mr. Steckley responded to questions from the bill sponsors.



170413 AttachM.pdf170413 AttachM.pdf170413 AttachN.pdf170413 AttachN.pdf



05:28 PM --
Judy Amabile, Product Architects, testified in support of the bill.



05:31 PM --
Robb Green, NAACP Colorado, testified in support of the bill.



05:33 PM --
Debra Brown, Mobilize Us, testified in support of the bill.



05:35 PM



Ms. Amabile and Mr. Green responded to questions from the committee.



05:39 PM --
Tim Gaudette, Small Business Majority, testified in support of the bill.



05:42 PM --
Blake Manion, Soul Salve, testified in support of the bill.



05:44 PM --
Everett Schneider, Bedrock Landscaping Materials, testified in support of the bill.



05:47 PM --
Christina Postolowski, Young Invincibles, testified in support of the bill.



05:50 PM --
Representative Jim Riesberg, Strategic Action Planning Group on Aging, testified in support of the bill.



05:52 PM --
Kris Grant, Colorado Center on Law and Policy, testified in support of the bill. Mr. Grant provided a handout to the committee (Attachment O).



170413 AttachO.pdf170413 AttachO.pdf



05:54 PM --
Demetrius Johnson, DSquared Financial Strategies, testified in support of the bill.



05:56 PM --
Kim Koy, Mountain States Employers Council, spoke about the bill.



05:58 PM --
Sam Gilchrist, Colorado AFL-CIO, testified in support of the bill.



06:01 PM --
Kevin Ross, National Association of Insurance and Financial Advisors, testified in opposition to the bill.



06:02 PM --
Scott Wasserman, Bell Policy Center, testified in support of the bill.



06:05 PM



The bill sponsors discussed amendment L.001.


BILL: HB17-1290
TIME: 06:06:02 PM
MOVED: Winter
MOTION: Adopt amendment L.001. The motion passed without objection.
SECONDED: Gray
VOTE
Arndt
Coleman
Garnett
Gray
Navarro
Nordberg
Rosenthal
Sias
Thurlow
Van Winkle
Williams D.
Winter
Kraft-Tharp
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection





06:06 PM



The bill sponsors made closing remarks.


BILL: HB17-1290
TIME: 06:09:34 PM
MOVED: Winter
MOTION: Refer House Bill 17-1290, as amended, to the Committee of the Whole. The motion passed on a vote of 7-6.
SECONDED: Gray
VOTE
Arndt
Yes
Coleman
Yes
Garnett
Yes
Gray
Yes
Navarro
No
Nordberg
No
Rosenthal
Yes
Sias
No
Thurlow
No
Van Winkle
No
Williams D.
No
Winter
Yes
Kraft-Tharp
Yes
Final YES: 7 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: PASS







06:11 PM



The committee adjourned.










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