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3B51D2C953DB631487258C220070EE71 Hearing Summary




PUBLIC
BILL SUMMARY For HB25-1020

HOUSE COMMITTEE ON BUSINESS AFFAIRS & LABOR
Date Jan 30, 2025      
Location HCR 0112



HB25-1020 - Amended, referred to House Finance

01:33:33 PM  
Majority Leader Duran
and Representative Camacho gave opening comments on House Bill 25-1020:
Earned Wage Access Providers. The bill creates new requirements for earned-wage
access service providers and requires the Department of Law to implement
an earned-wage access service provider license.
01:39:37 PM  
The bill sponsors
answered questions from the committee.
01:42:49 PM  
Jefferey Riester,
representing the Department of Law, testified in support of the bill.
01:49:52 PM  
Frank Vento, representing
Douglas County School District, testified in support of the bill.
01:53:54 PM  
Molly Jones, representing Payactiv, testified in support of the bill.
01:56:27 PM  
Committee members
asked the witness panel questions.
01:56:52 PM  
Martha Fulford, representing
the Department of Law, joined the witness panel to answer questions.
02:12:58 PM  
Danny Katz, representing
the Colorado Public Interest Research Group, testified in opposition to
the bill.
02:13:02 PM  
Mr. Charles Brennan,
representing the Colorado Center on Law and Policy, testified in opposition
to the bill.
02:15:06 PM  
Ms. Lauren Saunders,
representing the National Consumer Law Center, testified in opposition
to the bill.
02:18:12 PM  
Andrew Kushner, representing
the Center for Responsible Lending, testified in opposition to the bill.
02:21:04 PM  
The witness panel
answered questions from the committee members.
02:27:28 PM  
Sara Schueneman, representing AARP CO, testified to amend the bill.
02:27:31 PM  
Ms. Andrea Kuwik,
representing the Bell Policy Center, testified to amend the bill.
02:32:42 PM  
Ms. Melanie Kesner, representing Young Invincibles, testified to amend the bill.
02:35:01 PM  
Mr. Sam Sadle, representing EarnIn, testified to amend the bill.
02:35:04 PM  
The witness panel
answered questions from committee members.
02:49:55 PM  
Ms. Nancy Coleman-Chavez, representing DailyPay, LLC. , testified in support of the bill.
02:49:59 PM  
Ms. Ashley Urisman, representing American Fintech Council, testified in support of the bill.
02:51:32 PM  
Ms. Tara Rider, representing Brigit, testified in support of the bill.
02:55:54 PM  
Alice Jacobsohn, representing PayrollOrg, testified in support of the bill.
02:55:58 PM  
Mr. George Jepsen,
representing themself, testified in support of the bill.
02:59:39 PM  
Diane Macheers, representing LeadingAge Colorado, testified in support of the bill.
03:01:36 PM  
Mr. Garth McAdam, representing ZayZoon, testified in support of the bill.
03:04:09 PM  
Mr. Edward Van Wesep, representing themself, testified in a neutral position on the bill.
03:07:07 PM  
Ms. Portia Prescott,
representing the Rocky Mountain NAACP CO-MT-WY State Conference, testified
in a neutral position on the bill.
03:10:31 PM  
Manuel Alvarez, representing themself, testified in a neutral position on the bill.
03:12:37 PM  
The witness panel
answered questions from committee members.
03:15:51 PM  
Ms. Kjersten Forseth, representing CO AFL-CIO, testified to amend the bill.
03:23:50 PM  
Mr. David Seligman, representing Towards Justice, testified to amend the bill.
03:26:53 PM  
Amy Bos, representing NetChoice, testified to amend the bill.
03:31:20 PM  
Witness panel answered questions from committee members.
03:38:17 PM  
Kouri Marshall, Chamber
of Progress, testified in support of the bill.
03:40:47 PM  
Topazz McBride, representing
the Greater Metro Denver Minesterial Aliance, NAACP, and Restoration Christian
Fellowship, testified to amend the bill.
03:42:28 PM  
The witness panel
answered questions from the committee members.
03:42:28 PM  
Additional written
testimony provided to the committee may be found in Attachment A.
03:42:29 PM  
Majority Leader Duran
and Rep Froelich explained Amendment L001 to House Bill 1020 (Attachment
B).


03:45:10 PM
 Motion Adopt amendment L.001
Moved Lindstedt
Seconded Mauro
Armagost
Brooks
English
Keltie
Lieder
Lindstedt
Marshall
Mauro
Richardson
Rydin
Suckla
Woodrow
Ricks
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
03:46:29 PM  
Majority Leader Duran
and Rep Froelich explained Amendment L002 to House Bill 1020 (Attachment
C).


03:49:06 PM
 Motion Adopt amendment L.002
Moved Lindstedt
Seconded Mauro
Armagost No
Brooks No
English Yes
Keltie No
Lieder Yes
Lindstedt Yes
Marshall Yes
Mauro Yes
Richardson No
Rydin Yes
Suckla No
Woodrow Yes
Ricks Yes
YES: 8   NO: 5   EXC: 0   ABS:  0   FINAL ACTION:  PASS
03:50:22 PM  
The bill sponsors
gave closing comments on the merits of the bill.
03:50:34 PM  
Committee members
gave closing comments on the merits of the bill.


04:02:22 PM
 Motion Refer House Bill 25-1020, as amended, to the Committee on Finance.
Moved Marshall
Seconded Lindstedt
Armagost No
Brooks Yes
English Yes
Keltie Yes
Lieder Yes
Lindstedt Yes
Marshall Yes
Mauro Yes
Richardson Yes
Rydin Yes
Suckla Yes
Woodrow No
Ricks Yes
Final YES: 11   NO: 2   EXC: 0   ABS:  0   FINAL ACTION:  PASS






The effective date for bills enacted without a safety clause is August 6, 2025, if the General Assembly adjourns sine die on May 7, 2025 (unless otherwise specified). Details

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