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C781830FF29DC7FB8725868E00751ACF Hearing Summary




PUBLIC
BILL SUMMARY For SB21-057

SENATE COMMITTEE ON EDUCATION
Date Mar 4, 2021      
Location SCR 357



SB21-057 - Referred to Senate Finance


02:19:07 PM  
Senator Winter and
Senator Gonzales, co-sponsors, presented SB 21-057, which concerns requirements
for private education lenders.  The co-sponsors gave opening comments
on the bill and answered questions from the committee.
02:31:25 PM  
Morgan Royal, representing New Era Colorado, testified in support of the bill. Ms. Royal answered questions from the committee.
02:41:40 PM  
Seth Frotman, representing the Student Borrower Protection Center, testified in support of the bill.
02:45:52 PM  
Karen Cody-Hopkins, representing herself as an attorney, testified in support of the bill.
02:50:35 PM  
Kelly Schwandt, representing Atlantis Community, Inc., testified in support of the bill.
02:54:12 PM  
Laura Valle-Gutierrez, representing Bell Policy Center, testified in support of the bill.
02:57:25 PM  
Sarah Staron, representing Young Invincibles, testified in support of the bill.
03:01:32 PM  
Victoria Dadet, representing Let My People Vote, testified in support of the bill.
03:05:34 PM  
Hayley Banyai-Becker, representing herself, testified in support of the bill.
03:08:56 PM  
Javier Alvarado-Vega, representing himself, testified in support of the bill.
03:12:18 PM  
Clayton Schneider, representing himself, testified in support of the bill.
03:16:52 PM  
Nat Landin, representing
theirself, testified in support of the bill.
03:20:48 PM  
Noelle Trueheart, representing herself, testified in support of the bill.
03:24:11 PM  
Fabian Laguna, representing himself, testified in support of the bill.
03:27:58 PM  
Hiba Hussain, representing herself, testified in support of the bill.
03:30:41 PM  
Makyla Moody, representing Colorado Creditors Bar Association, testified to amend the bill. Ms. Moody answered questions from the committee.
03:37:34 PM  
Kirk McCracken, representing Todd, Bremer, & Lawson, Inc., testified to amend the bill. Mr. McCracken answered questions from the committee.
03:43:19 PM  
Scott Allely, representing Associated Collection Agencies, testified in opposition to the bill.
03:47:30 PM  
Brittany Fischer, representing Galvanize, testified in a neutral position on the bill. Ms. Fischer answered questions from the committee.
03:52:08 PM  
Several witnesses
submitted written testimony on the bill, which can be found as Attachment
D.  Senator Winter answered questions from the committee and provided
closing comments on the bill.
03:55:48 PM  
Committee members
provided closing comments on the bill.


03:57:45 PM
Motion Refer Senate Bill 21-057 to the Committee on Finance.
Moved Story
Seconded
Bridges Yes
Buckner Yes
Kirkmeyer No
Lundeen No
Priola No
Story Yes
Zenzinger Yes
Final YES: 4   NO: 3   EXC: 0   ABS:  0   FINAL ACTION:  PASS






The Colorado Senate and House of Representatives will not convene on Monday, January 20, 2025 in observance of Dr. Martin Luther King Jr. day.

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