S_BLT_2018A 04/30/2018 02:38:52 PM Committee Summary

Deane Davenport, Richard Shields, Kristy McFarland, and Bonnie Roerig, appointees to the Board of Real Estate Appraisers, came to the table.  The appointment letter may be found in Attachment C.  Their resumes and applications are available at the State Archives.

Deane Davenport introduced himself and discussed his professional experience and his previous work on the board.

Richard Shields introduced himself and discussed his role on the board and his professional experience.

Kristy McFarland introduced herself and discussed her professional experience and her service on the board.

Dena Falbo, appointee to the Board of Mortgage Loan Originators, discussed her professional experience and her interest in serving on the board.

The committee recessed.

The committee came back to order.  Senator Gardner introduced House Bill 18-1234, concerning the definition of gambling devices.  The bill clarifies the definitions of key terms related to simulated gambling and simulated gambling devices. It specifies that unlawful offering of a simulated gambling device can be direct or indirect, regardless of whether consideration is monetary or nonmonetary and regardless of whether consideration is received before the device is used.

Nancy Sharpe, Arapahoe County Commissioner, spoke in favor of the bill.

Jim Maloney, Town of Parker, spoke in favor of the bill.

Cindy Compton, representing herself, spoke in support of Mr. Franzoy.

Angel Rodriguez, representing himself, spoke in opposition to the bill.

Nick Gonzalez, representing himself, spoke in opposition to the bill.

Denise Maes, American Civil Liberties Union-Colorado, spoke in opposition to the bill.

Chris Howes, Colorado Skill Games and Entertainment Association, spoke in opposition to the bill.

Scott Martinez, Colorado Skill Games and Entertainment Association, spoke in opposition to the bill.  He responded to questions from the committee.

Mr. Gonzalez commented on the preceding testimony.

Tammy Garamova, Colorado Skill Games and Entertainment Association, spoke in opposition to the bill.

Nick Farley, representing himself, spoke in opposition to the bill.

Dan May, Fourth Judicial District Attorney, spoke in favor of the bill.

Mr. May responded to questions from the committee.

Flavio Quintana, Division of Gaming, Department of Revenue, responded to questions from the committee.

The committee recessed.

The committee came back to order.  Senator Tate introduced House Bill 18-1220, concerning regulation of cryptocurrency.  The bill defines terms related to cryptocurrency exchanges and excludes cryptocurrency activity from the definition of an investment contract.

David Cheval, Division of Banking, Department of Regulatory Agencies, spoke in opposition to the bill.

Sean Clifford, Colorado Attorney General's Office, spoke in opposition to the bill.

Marguerite Salazar, Executive Director, Department of Regulatory Agencies, spoke about the bill. She responded to questions from the committee.

Mr. Cheval responded to questions from the committee.

Krista Pontius, Bull Pay, spoke in favor of the bill.

Paul Quigley, Block Lab Enterprises, spoke in favor of the bill.

Mr. Quigley responded to questions from the committee.

David Amster-Olszewski, Sun Share, spoke in opposition to the bill. He distributed a handout to the committee (Attachment F),

Mr. Osborne responded to questions from the committee.

Mr. Osborne responded to questions from the committee.

Ms. Morgan responded to questions from the committee.