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s_fin_2016a_2016-05-03t14:55:54z4 Hearing Summary

Date: 05/03/2016



Final

BILL SUMMARY for HB16-1404



SENATE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Adopt Amendment L.014 (Attachment C). The motion p

Adopt Amendment L.015 (Attachment D). The motion p

Refer House Bill 16-1404, as amended, to the Commi
Pass Without Objection

Pass Without Objection

PASS







03:24 PM -- HB16-1404



Senators Cooke and Guzman, co-prime sponsors, presented House Bill 16-1404. The reengrossed bill establishes the registration of small fantasy contest operators and the licensure of all other large fantasy contest operators by the Division of Professions and Occupations in the Department of Regulatory Agencies (DORA). The bill defines a fantasy contest operator as an entity that offers a fantasy contest with an entry fee and cash prize to the public. Committee discussion ensued.



03:32 PM --
Mr. Trey Franzoy, representing Charlie Chedda's, testified in opposition to the bill. He responded to questions from the committee.



03:40 PM --
Ms. Stacie Stern, representing Head2Head Sports, testified in support of the bill. She responded to questions from the committee.



03:49 PM --
Mr. Brandon Stokely, representing Fantasy Sports For All, testified in support of the bill. He responded to questions from the committee.



03:51 PM --
Mr. Derek Hein, representing DraftKings, testified in support of the bill. He responded to earlier questions raised by the committee.





03:56 PM



Senator Guzman distributed and explained Amendment L.014 (Attachment C).



16SenateFin0503AttachC.pdf16SenateFin0503AttachC.pdf

BILL: HB16-1404
TIME: 03:57:28 PM
MOVED: Hill
MOTION: Adopt Amendment L.014 (Attachment C). The motion passed without objection.
SECONDED:
VOTE
Holbert
Johnston
Kerr
Hill
Neville T.
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection





03:57 PM



Senator Hill distributed and explained Amendment L.015 (Attachment D).



16SenateFin0503AttachD.pdf16SenateFin0503AttachD.pdf

BILL: HB16-1404
TIME: 03:58:05 PM
MOVED: Hill
MOTION: Adopt Amendment L.015 (Attachment D). The motion passed without objection.
SECONDED:
VOTE
Holbert
Johnston
Kerr
Hill
Neville T.
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection





04:01 PM



Members of the committee commented on the merits of the bill.

BILL: HB16-1404
TIME: 04:03:30 PM
MOVED: Hill
MOTION: Refer House Bill 16-1404, as amended, to the Committee on Appropriations. The motion passed on a vote of 3-2.
SECONDED:
VOTE
Holbert
No
Johnston
Yes
Kerr
Yes
Hill
No
Neville T.
Yes
Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS

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