CLICS/CLICS2025A/commsumm.nsf
PUBLIC
BILL SUMMARY For HB25-1201
HOUSE COMMITTEE ON FINANCE
Date Mar 3, 2025
Location HCR 0112
HB25-1201 - Amended, referred to the Committee of the Whole
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| Attachment Tag |
File Name |
| Attachment G |
https://www2.leg.state.co.us/CLICS/CLICS2025A/commsumm.nsf/0/90106CA0D8E2FDFA87258C4D005CB1E6/$File/Attachment G HB1201_L.001.pdf?OpenElement
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| Attachment H |
https://www2.leg.state.co.us/CLICS/CLICS2025A/commsumm.nsf/0/28F7430C39C0FF2887258C4D005CCA24/$File/Attachment H HB1201_L002.pdf?OpenElement
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| Attachment I |
https://www2.leg.state.co.us/CLICS/CLICS2025A/commsumm.nsf/0/9EED475CB80E65D387258C4D005CD571/$File/Attachment I HB1201_L.003.pdf?OpenElement
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04:05:47 PM |
The committee took
a brief recess. |
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05:04:05 PM |
The committee returned
to order. Representative Marshall, prime sponsor, presented House
Bill 25-1201. The
bill repeals
the "Money Transmitters Act" and enacts the "Money Transmission
Modernization Act."
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05:07:35 PM |
Mr. Michael Hennon, representing The Payroll Group/The Payroll Department, testified to amend the bill. Ken Boldt, representing the Department of Regulatory Agencies Division of Banking, testified in support of the bill. Mrs. Amy Miller, representing ADP, testified in support of the bill. Mr. Adam Fleisher, representing The Money Services Round Table, testified in support of the bill. The panel of witnesses responded to committee questions. |
05:20:14 PM
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Motion |
Adopt amendment L.001 (Attachment G). |
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| Moved |
Marshall |
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| Seconded |
Titone |
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Brooks |
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Camacho |
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DeGraaf |
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Garcia |
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Gonzalez R. |
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Hartsook |
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Joseph |
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Marshall |
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Stewart R. |
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Weinberg |
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Zokaie |
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Titone |
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Lindstedt |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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05:21:07 PM
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Motion |
Adopt amendment L.002 (Attachment H). |
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| Moved |
Marshall |
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| Seconded |
Titone |
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Brooks |
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Camacho |
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DeGraaf |
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Garcia |
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Gonzalez R. |
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Hartsook |
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Joseph |
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Marshall |
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Stewart R. |
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Weinberg |
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Zokaie |
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Titone |
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Lindstedt |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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05:21:30 PM
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Motion |
Adopt amendment L.003 (Attachment I). |
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| Moved |
Marshall |
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| Seconded |
Titone |
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Brooks |
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Camacho |
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DeGraaf |
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Garcia |
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Gonzalez R. |
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Hartsook |
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Joseph |
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Marshall |
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Stewart R. |
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Weinberg |
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Zokaie |
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Titone |
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Lindstedt |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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05:21:32 PM |
Representative Marshall wrapped up his presentation of the bill. |
05:22:46 PM
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Motion |
Refer House Bill 25-1201, as amended, to the Committee of the Whole. |
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| Moved |
Marshall |
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| Seconded |
Titone |
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Brooks |
Yes |
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Camacho |
Yes |
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DeGraaf |
Yes |
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Garcia |
Yes |
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Gonzalez R. |
Yes |
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Hartsook |
Yes |
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Joseph |
Yes |
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Marshall |
Yes |
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Stewart R. |
Yes |
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Weinberg |
Yes |
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Zokaie |
Yes |
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Titone |
Yes |
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Lindstedt |
Yes |
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Final |
YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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