DB5AEA250E2C4F2F87257F56005FF8F2 Hearing Summary
Date: 02/10/2016
Location: SCR 356
BILL SUMMARY for SB16-024
SENATE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS
| Votes: View--> | Action Taken: |
| Postpone Senate Bill 16-024 indefinitely using a r Refer Senate Bill 16-024 to the Committee of the W |
PASS FAIL |
01:33 PM -- SB16-024
Senator Jones presented Senate Bill 16-024 to the committee and answered questions. The bill caps the annual interest rate that a private or nongovernmental lender may charge for a student loan at two percentage points higher than the rate charged by the federal government for an unsubsidized loan made for the same purpose. The cap is imposed on loans made to students, their spouses, and to taxpayers claiming a student as a dependent.
01:41 PM -- Jenifer Waller, representing Colorado Bankers Association, testified against the bill.
01:47 PM -- Micki Hackenberger, representing Colorado Association of Career Colleges & Schools, testified against the bill.
01:48 PM -- Favianna Oropeza, representing herself, testified in support of the bill and presented a handout (Attachment A).
16SenateState0210AttachA.pdf
01:55 PM -- Hayley Chase, representing herself, testified in support of the bill.
02:00 PM -- Linsi Bowers, representing herself, testified in support of the bill.
02:04 PM -- Jon Heisler, representing himself, testified in support of the bill.
02:07 PM
Senator Jones wrapped up his presentation to the committee.
| BILL: | SB16-024 | |
| TIME: | 02:15:01 PM | |
| MOVED: | Ulibarri | |
| MOTION: | Refer Senate Bill 16-024 to the Committee of the Whole. The motion failed on a vote of 2-3. | |
| SECONDED: | ||
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VOTE
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Hill
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No
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Jones
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Yes
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Ulibarri
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Yes
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Sonnenberg
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No
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Scott
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No
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YES: 2 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: FAIL
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| BILL: | SB16-024 | |
| TIME: | 02:17:55 PM | |
| MOVED: | Sonnenberg | |
| MOTION: | Postpone Senate Bill 16-024 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: | ||
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VOTE
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Hill
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Yes
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Jones
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No
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Ulibarri
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No
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Sonnenberg
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Yes
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Scott
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Yes
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Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS
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