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h_sa_2017a_2017-04-19t13:39:10z4 Hearing Summary

Date: 04/19/2017

Location: LSB A

Final

BILL SUMMARY for SB17-191



HOUSE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS


Votes: View--> Action Taken:
Postpone Senate Bill 17-191 indefinitely. The moti

Refer Senate Bill 17-191 to the Committee of the W
PASS

FAIL







07:27 PM -- SB17-191



Representative Willett and Representative Wist, co-prime bill sponsors, presented Senate Bill 17-191. Beginning on January 1, 2018, the bill eliminates the minimum post-judgment interest rate. It also requires that the interest rate on damages for personal injuries caused by tort be the same rate in statute as the post-judgment interest rate. It changes the date by which the Secretary of State is to establish the annual rate of post-judgment interest from December 21 to January 2 of each year.



07:37 PM --
Saul Sarney, Colorado Trial Lawyers Association, testified in opposition to the bill.



07:41 PM --
Gary Frisch, Professional Independent Insurance Agents of Colorado, testified in support of the bill.



07:43 PM --
Deborah Taussig, Colorado Trial Lawyers Association, testified in opposition to the bill. Ms. Taussig answered questions from the committee.



07:47 PM --
Andrew La Fontaine, State Farm Insurance, testified in support of the bill. Mr. La Fontaine answered questions from the committee.



07:52 PM --
Mark Hillman, Colorado Civil Justice League and Colorado Association of Commerce and Industry, testified in support of the bill. Mr. Hillman answered questions from the committee.



07:56 PM --
Rob Hunter, Farmers Insurance, testified in support of the bill.





07:59 PM



Representative Willett and Representative Wist made concluding remarks about the bill. Committee members made comments on the bill.

BILL: SB17-191
TIME: 08:02:17 PM
MOVED: Williams D.
MOTION: Refer Senate Bill 17-191 to the Committee of the Whole. The motion failed on a vote of 3-6.
SECONDED: Leonard
VOTE
Benavidez
No
Hooton
No
Humphrey
Yes
Leonard
Yes
Melton
No
Weissman
No
Williams D.
Yes
Lontine
No
Foote
No
YES: 3 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: FAIL




BILL: SB17-191
TIME: 08:05:27 PM
MOVED: Melton
MOTION: Postpone Senate Bill 17-191 indefinitely. The motion passed on a vote of 6-3.
SECONDED: Benavidez
VOTE
Benavidez
Yes
Hooton
Yes
Humphrey
No
Leonard
No
Melton
Yes
Weissman
Yes
Williams D.
No
Lontine
Yes
Foote
Yes
Final YES: 6 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS














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