S_FIN_2020A 02/13/2020 10:32:30 AM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGSENATE COMMITTEE ON FINANCE Date 02/13/2020 Attendance Hansen X Lundeen * Tate X Todd X Woodward X Lee X Gonzales X Time 10:32:30 AM to 01:28:34 PM Place SCR 357 This Meeting was called to order by Senator Gonzales This Report was prepared by Elizabeth Burger Hearing Items Action Taken hSB20-004 Amended, referred to Senate Appropriations hSB20-145 Postponed Indefinitely hSB20-146 Amended, referred to the Committee of the Whole - Consent Calendar hSB20-112 Postponed Indefinitely hSB20-148 Lay Over hSB20-141 Lay Over hSB20-019 Lay Over X = Present, E = Excused, A = Absent, * = Present after roll call SB20-004 - Amended, referred to Senate Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/40439FF1D60E...$File/200213 AttachB.pdf?OpenElement 200213 AttachB.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/D61172B62BAC...$File/200213 AttachA.pdf?OpenElement 200213 AttachA.pdf 10:33:25 AM Senator Fenberg introduced Senate Bill 20-004. The bill creates the Get on Your Feet Student Loan Repayment Assistance Program in the Department of Higher Education. He responded to questions from the committee regarding the bill. 10:52:32 AM Tyler Jackie, Bell Policy Center, testified in support of the bill. 10:56:22 AM Emily Burns, Colorado Department of Higher Education, offered to respond to committee questions regarding the bill. 10:57:03 AM Morgan Royal, New Era Colorado, testified in support of the bill. Ms. Royal and Mr. Jackie responded to committee questions. Ms. Burns responded to questions from the committee regarding the administrative costs of the bill and whether out-of-state students would qualify for the bill. 11:19:46 AM Ryan Case, American Federation of Teachers - Colorado, testified in support of the bill. 11:21:15 AM Lauren Smith, representing herself, testified in support of the bill. 11:23:58 AM Mykaela Doane, representing herself, testified in support of the bill and responded to committee questions. 11:30:40 AM Maggie Bryniarski read testimony in support of the bill. 11:32:37 AM Victoria Dadet read testimony in support of the bill. 11:35:31 AM Eli Grimm, representing herself, testified in support of the bill. 11:38:07 AM Matt Vondrasek, United Government of Graduate Students, CU Boulder, testified in support of the bill and responded to committee questions. 11:44:38 AM Sophia San Miguel, representing herself, testified regarding the bill and provided written testimony (Attachment A). 11:51:01 AM Senator Fenberg distributed and explained amendment L.001 (Attachment B). 11:52:07 AM Motion Adopt amendment L.001 Moved Hansen Seconded Hansen Lundeen Excused Tate Todd Woodward Lee Gonzales YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 12:28:03 PM Motion Refer Senate Bill 20-004, as amended, to the Committee on Appropriations. Moved Hansen Seconded Hansen Yes Lundeen No Tate Yes Todd Yes Woodward No Lee Yes Gonzales Yes Final YES: 5 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS SB20-145 - Postponed Indefinitely Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/4B8302ECC5E2...$File/200213 AttachC.pdf?OpenElement 200213 AttachC.pdf 12:28:14 PM Senator Smallwood introduced Senate Bill 20-145. The bill repeals Colorado's Reinsurance Program, limiting its operation to the 2020 benefit year. He distributed a handout to the committee (Attachment C). 12:31:18 PM Carol Downs, representing herself, testified in support of the bill. She responded to questions from the committee. 12:36:28 PM Caitlin Westerson, Colorado Consumer Health Initiative, testified in opposition to the bill. 12:40:50 PM Hillary Jorgensen, Healthier Colorado, testified in opposition to the bill. 12:44:02 PM Kyle Brown, Colorado Division of Insurance within the Department of Regulatory Agencies, testified in opposition to the bill. Members of the panel responded to questions from the committee. 01:02:49 PM Motion Postpone Senate Bill 20-145 indefinitely. Moved Lundeen Seconded Hansen Yes Lundeen Yes Tate Yes Todd Yes Woodward Yes Lee Yes Gonzales Yes Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS SB20-146 - Amended, referred to the Committee of the Whole - Consent Calendar Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/F614F0272090...$File/200213 AttachD.pdf?OpenElement 200213 AttachD.pdf 01:03:02 PM Senator Priola introduced Senate Bill 20-146. The bill repeals and reenacts a portion of the Unclaimed Property Act with modifications related to the presumption of abandonment for demand, savings, or time deposits with a financial organization, along with other changes. Senator Priola distributed amendment L.001 (Attachment D). 01:06:45 PM Jenifer Waller, Colorado Bankers Association, testified in support of the bill. 01:07:57 PM Zack Bunney, FirstBank, testified in support of the bill. 01:09:03 PM Leah Marvin-Riley, Department of Treasury, testified in support of the bill. She explained amendment L.001. 01:11:37 PM Motion Adopt amendment L.001 Moved Hansen Seconded Hansen Lundeen Tate Todd Woodward Lee Gonzales YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 01:12:37 PM Motion Refer Senate Bill 20-146, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. Moved Hansen Seconded Hansen Yes Lundeen Yes Tate Excused Todd Yes Woodward Yes Lee Yes Gonzales Yes Final YES: 6 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS SB20-112 - Postponed Indefinitely Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/775FB6350410...$File/200213 AttachE.pdf?OpenElement 200213 AttachE.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/A33E0FC1FABD...$File/200213 AttachG.pdf?OpenElement 200213 AttachG.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2020A/commsumm.nsf/0/BAE06475D40F...$File/200213 AttachF.pdf?OpenElement 200213 AttachF.pdf 01:20:13 PM Senator Priola introduced Senate Bill 20-112. The committee previously heard witness testimony on the bill on February 4, 2020, and at that time, the committee adopted amendment L.001 (Attachment E). Senator Priola explained and distributed amendments L.003 and L.005 (Attachments F and G). Members of the committee commented on the bill. 01:21:27 PM Motion Amend L.003, line 3, strike "calendar" Moved Lundeen Seconded Hansen Lundeen Tate Excused Todd Woodward Lee Gonzales YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 01:21:49 PM Motion Adopt amendment L.003 Moved Lundeen Seconded Hansen Lundeen Tate Excused Todd Woodward Lee Gonzales YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 01:22:10 PM Motion Adopt amendment L.005 Moved Lundeen Seconded Hansen Lundeen Tate Excused Todd Woodward Lee Gonzales YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection 01:27:49 PM Motion Refer Senate Bill 20-112, as amended, to the Committee on Appropriations. Moved Woodward Seconded Hansen No Lundeen Yes Tate Yes Todd No Woodward Yes Lee No Gonzales No YES: 3 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: FAIL 01:27:59 PM Motion Postpone Senate Bill 20-112 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. Moved Gonzales Seconded Hansen Yes Lundeen No Tate No Todd Yes Woodward No Lee Yes Gonzales Yes Final YES: 4 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS 01:27:55 PM The chair announced that Senate Bills 20-019, 20-141, and 20-148 would be laid over until a future date. SB20-148 - Lay Over SB20-019 - Lay Over SB20-141 - Lay Over 01:28:34 PM The committee adjourned.