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s_sa_2016a_2016-02-17t13:34:14z1 Hearing Summary

Date: 02/17/2016



Final

BILL SUMMARY for SB16-043



SENATE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS


Votes: View--> Action Taken:
Postpone Senate Bill 16-043 indefinitely using a r

Refer Senate Bill 16-043 to the Committee of the W
PASS

FAIL







02:18 PM -- SB16-043



Senator Carroll presented Senate Bill 16-043 to the committee. The bill establishes requirements for private educational lenders and covered educational institutions related to student loans. The bill requires lenders to disclose certain information to a borrower both at the time of application or solicitation, and at the time the borrower is contractually obligated to repay the loan.



02:25 PM --
Shannon Leasau, representing herself, testified in support of the bill.



02:29 PM --
Franklin Acosta, representing himself, testified in support of the bill.



02:32 PM --
Adrian Felix, representing himself, testified in support of the bill.



02:34 PM --
Jenifer Waller, representing Colorado Bankers Association, testified against the bill.



02:40 PM --
Kaitlin Fox, representing the Colorado Bar Association Young Lawyers Division, testified in support of the bill.





02:44 PM



Senator Carroll wrapped up her presentation to the committee.

BILL: SB16-043
TIME: 02:46:06 PM
MOVED: Jones
MOTION: Refer Senate Bill 16-043 to the Committee of the Whole. The motion failed on a vote of 2-3.
SECONDED:
VOTE
Hill
No
Jones
Yes
Ulibarri
Yes
Sonnenberg
No
Scott
No
YES: 2 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: FAIL




BILL: SB16-043
TIME: 02:53:30 PM
MOVED: Sonnenberg
MOTION: Postpone Senate Bill 16-043 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. The motion passed on a vote of 3-2.
SECONDED:
VOTE
Hill
Yes
Jones
No
Ulibarri
No
Sonnenberg
Yes
Scott
Yes
Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS







02:54 PM



The committee took a short recess.




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