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s_jud_2016a_2016-02-16t11:19:48z1 Hearing Summary

Date: 02/16/2016



Final

BILL SUMMARY for SB16-088



SENATE COMMITTEE ON JUDICIARY


Votes: View--> Action Taken:
Adopt amendment L.001 (Attachment A). The motion p

Adopt amendment L.002 (Attachment B). The motion p

Refer Senate Bill 16-088, as amended, to the Commi
Pass Without Objection

Pass Without Objection

PASS







11:21 AM -- SB16-088



Senator Steadman, sponsor, presented Senate Bill 16-088, concerning the Revised Uniform Fiduciary Access to Digital Assets Act. Senator Steadman discussed the reasons for bringing the bill, and provided background on similar legislation introduced in prior sessions. Senator Steadman distributed and explained Amendments L.001 (Attachment A) and L.002 (Attachment B).



16SenateJud0216AttachA.pdf16SenateJud0216AttachA.pdf 16SenateJud0216AttachB.pdf16SenateJud0216AttachB.pdf





11:26 AM --
Mr. Stanley Kent, commissioner on the Uniform Law Commission, testified in support of the bill. Mr. Kent discussed existing Colorado and federal law, reasons to adopt the uniform law, and the differences between SB 16-088 and similar bills introduced in prior sessions. He stated that attorney groups within the Colorado Bar Association have vetted the bill.





11:36 AM



Mr. Kent responded to questions on time limitations for finding digital assets, protections for decedents, and provisions of the bill that allow an individual to use an on-line tool to override that individual's will, trust, power of attorney, or other record.





11:46 AM



The committee, Senator Steadman, and Mr. Kent continued to discuss provisions relating to individuals affirmatively granting access to digital assets.





11:53 AM



Senator Steadman and Mr. Kent explained the proposed amendments.

BILL: SB16-088
TIME: 11:56:14 AM
MOVED: Aguilar
MOTION: Adopt amendment L.001 (Attachment A). The motion passed without objection.
SECONDED:
VOTE
Aguilar
Cooke
Merrifield
Lundberg
Roberts
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: SB16-088
TIME: 11:57:06 AM
MOVED: Aguilar
MOTION: Adopt amendment L.002 (Attachment B). The motion passed without objection.
SECONDED:
VOTE
Aguilar
Cooke
Merrifield
Lundberg
Roberts
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: SB16-088
TIME: 11:57:18 AM
MOVED: Aguilar
MOTION: Refer Senate Bill 16-088, as amended, to the Committee of the Whole. The motion passed on a vote of 5-0.
SECONDED:
VOTE
Aguilar
Yes
Cooke
Yes
Merrifield
Yes
Lundberg
Yes
Roberts
Yes
Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS












The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details