|
PUBLIC
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
| Date |
02/14/2018 |
| Attendance |
| Jahn |
X |
| Kerr |
X |
| Priola |
X |
| Smallwood |
X |
| Williams A. |
X |
| Neville T. |
X |
| Tate |
X |
|
| Time |
02:04:37 PM to 02:29:29 PM |
| Place |
SCR 354 |
| This Meeting was called to order by |
Tate |
| This Report was prepared by |
Jeanette Chapman |
|
| Hearing Items |
Action Taken |
| hSB18-120 |
Postponed Indefinitely |
| hSB18-125 |
Amended, referred to the Committee of the Whole |
|
|
SB18-120 - Postponed Indefinitely
|
|
|
02:05:10 PM |
Testimony on SB 18-120, concerning the time period for a tenant to cure unpaid rent, was heard on February 7, 2018. Senators Priola and Williams, sponsors, asked that the bill be postponed indefinitely.
|
02:06:31 PM
|
Motion |
Postpone Senate Bill 18-120 indefinitely. |
|
| Moved |
Priola |
|
| Seconded |
|
|
|
|
|
|
Jahn |
Yes |
|
|
Kerr |
Yes |
|
|
Priola |
Yes |
|
|
Smallwood |
Yes |
|
|
Williams A. |
Yes |
|
|
Neville T. |
Yes |
|
|
Tate |
Yes |
|
|
Final |
YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS |
|
|
SB18-125 - Amended, referred to the Committee of the Whole
|
|
|
02:06:37 PM |
Senator Gardner introduced Senate Bill 18-125, concerning fiduciary duties of title insurance companies. The bill requires title insurance companies and agents to hold funds belonging to others in a fiduciary capacity and requires the Commissioner of Insurance to promulgate rules to that effect.
|
|
02:10:38 PM |
Senator Kagan, co-sponsor, made comments on the origins of the bill.
|
|
02:12:33 PM |
Mike Conway, Commissioner of Insurance, spoke in support of the bill.
|
|
02:13:31 PM |
Senator Gardner distributed and discussed the purpose of Amendment L.002 (Attachment A).
|
|
02:15:00 PM |
Senator Kagan made additional comments regarding the amendment.
|
|
02:16:47 PM |
Mr. Conway responded to questions from the committee.
|
|
02:24:19 PM |
Senator Gardner made comments on the discussion.
|
02:28:25 PM
|
Motion |
Adopt amendment L.002 |
|
| Moved |
Priola |
|
| Seconded |
|
|
|
|
|
|
Jahn |
|
|
|
Kerr |
|
|
|
Priola |
|
|
|
Smallwood |
|
|
|
Williams A. |
|
|
|
Neville T. |
|
|
|
Tate |
|
|
|
|
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
|
|
02:29:19 PM
|
Motion |
Refer Senate Bill 18-125, as amended, to the Committee of the Whole. |
|
| Moved |
Priola |
|
| Seconded |
|
|
|
|
|
|
Jahn |
Yes |
|
|
Kerr |
Yes |
|
|
Priola |
Yes |
|
|
Smallwood |
Yes |
|
|
Williams A. |
Yes |
|
|
Neville T. |
Yes |
|
|
Tate |
Yes |
|
|
Final |
YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS |
|
|
| 02:29:29 PM |
Committee Adjourned |
