S_FIN_2020A 06/02/2020 11:36:53 AM Committee Summary

Senator Gonzales presented Senate Bill 20-210, which continues the $4 fee for Uniform Commercial Code filings through June 30, 2024, and continues the requirement for the Fraud Investigators Unit to report on its activities until July 1, 2025.  She laid the bill over until later in the hearing.

Senators Tate and Hansen presented Senate Concurrent Resolution 20-001, which submits a question to voters to repeal from the constitution the nonresidential assessment rate of 29 percent, the calculation of the target percentage, and the requirement that the residential assessment rate be set to achieve the target percentage.  Senators Tate and Hansen responded to committee questions.  Copies of the written testimony received on the bill can be found in Attachment A.

The committee reconvened. Senators Gonzales and Winter presented Senate Bill 20-211, which creates a 180-day prohibition on new extraordinary debt collection actions, modifies the thresholds for certain property that are exempt from levy, and amends the formulas for determining the amount of earnings subject to garnishment.

Brett Riley, representing BC Services, Inc, testified in opposition to the bill.

Christopher Landers, representing Intergral Recoveries, testified in opposition to the bill.

Heather Cannon, representing Machol & Johannes, LLC, testified in opposition to the bill.

Jacques Machol, representing Machol & Johannes, LLC, testified in opposition to the bill.

James Wolf, representing Stokes & Wolf, P.C. , testified in opposition to the bill.

Jennifer Mello, representing Receivables Management Association International, testified to amend the bill.

Sandra Gale, representing Stokes & Wolf, P.C., testified in opposition to the bill.

Jessi Reid, representing Intergral Recoveries, testified in opposition to the bill.

Matt Berumen, representing Credit Service Company, testified in opposition to the bill.

Scott Allely, representing Associated Collections Agencies of Colorado, testified in opposition to the bill.

Stacy Stein, representing herself, testified in opposition to the bill.

Yosy Janson, representing self, testified in opposition to the bill.

Scott Chase, representing Encore Capital Group, testified in opposition to the bill.

Tyler Jaeckel, representing The Bell Policy Center, testified in support of the bill.

Jenifer Waller, representing Colorado Bankers Association, testified in opposition to the bill.

Guy Humphries, representing himself, testified in support of the bill.

Kevin Hutchin, representing himself, testified in opposition to the bill.  Copies of written testimony received on the bill can be found in Attachment B.  Senator Gonzales distributed amendment L.002 (Attachment C).

Senator Hansen and Winter, co-prime sponsors, presented Senate Bill 20-207.  The bill amends the Colorado Employment Security Act to codify current practices, address public health emergencies, and to increase the amount a person can earn while receiving benefits.  It also requires a study of the feasibility of unemployment insurance for people in the gig economy.

Tyler Jaeckel, representing The Bell Policy Center, testified in support of the bill.  Written testimony on the bill can be found in Attachment D.  Amendments L.001, L.004, L.008, L.009, L.012, and L.013 were distributed to the committee (Attachments E through J).