34311706D89678D5872583E6006C935C Hearing Summary

Representative Kraft-Tharp and Representative Hansen introduced Senate Bill 19-173. The bill creates the Colorado Secure Savings Board in the Office of the State Treasurer to study the feasibility of creating a retirement savings plan for private sector employees. The bill sponsors provided a handout to the committee (Attachment A).

The bill sponsors responded to questions from the committee.

Demetrius Johnson, D2 Financial Strategies, testified in support of the bill.

Rich Jones, Bell Policy Center, testified in support of the bill.

Phil Steckley, AARP, testified in support of the bill. He provided a handout to the committee (Attachment B).

Graciela Rocha, Good Business Colorado, testified in support of the bill.

Mr. Johnson, Ms. Rocha, Mr. Steckley, and Mr. Jones responded to questions from the committee.

Dave Young, Colorado State Treasurer, testified in support of the bill.

Hunter Railey, Small Business Majority, testified in support of the bill.

Jenifer Waller, Colorado Bankers Association, testified on the bill from a neutral position.

Carl Larson, National Association of Financial Advisors, testified in support of the bill.

Treasurer Young responded to questions from the committee.

The bill sponsors and committee members made closing remarks on the bill.