CLICS/CLICS2024A/commsumm.nsf
PUBLIC
BILL SUMMARY For SUNSET REVIEW - DIVISION OF BANKING AND STATE BANKING BOARD
HOUSE COMMITTEE ON BUSINESS AFFAIRS & LABOR
Date Feb 14, 2024
Location HCR 0112
Sunset Review - Division of Banking and State Banking Board - Committee Discussion Only
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10:12:18 AM |
Representative Amabile went over procedures for the testimony process.
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10:13:28 AM |
Brian Tobias, representing
DORA, testified. He went over the recommendations from the sunset report.
Ms. Vivienne Belmont, representing DORA, testified. The panel answered
questions from members of the committee. The sunset report (Attachment
C) and the draft bill (Attachment D) were distributed to the committee.
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10:40:36 AM |
Mr. Ken Boldt, representing the Colorado Division of Banking, testified. Mr. Boldt answered questions from members of the committee.
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10:40:55 AM |
Mr. Troy Stang, representing
Colorado Credit Unions powered by GoWest Credit Union Association, testified.
Ms. Mollie Bell, representing Ent Credit Union, testified. Mr. Michael
Bell, representing themself, testified. Mr. Chris Myklebust, representing
themself, testified. Members of the panel answered questions from members
of the committee.
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11:12:21 AM |
Christina Kraft,
representing Bank of Colorado, testified. Matthew Propst, representing
ANB Bank, testified. Jennifer Luce, representing FirstBank, testified.
Mr. Joe Martinez, representing San Luis Valley Federal Bank, testified.
Members of the panel answered questions from members of the committee.
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11:33:09 AM |
Mr. Brian Holst,
representing Elevations Credit Union, testified. Ms. Katie March, representing
GoWest Credit Union Association, testified. Ms. Leslie Shepard, representing
SunWest Credit Union, testified. Members of the panel answered questions
from members of the committee.
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11:49:31 AM |
Brett Wyss, representing
Integrity Bank & Trust, testified. Matt Teeters, representing Alpine
Bank, testified. John Berkhausen, representing Adams Bank & Trust,
testified. Ed Francis, representing InBank, testified. Mr. Mike Hurst,
representing Del Norte Bank, testified. Members of the panel answered questions
from members of the committee.
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12:10:42 PM |
LaTrice Brewster,
representing Horizons North Credit Union, testified. Mr. John Ruby, representing
Bellco Credit Union, testified. Joe Adamack, representing GoWest Credit
Union Association, testified. Members of the panel answered questions from
members of the committee.
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12:21:45 PM |
Kevin Erickson, representing
Independent Financial, testified. Bob Lucia, representing Waypoint Bank,
testified. Glenn Davis, representing Alpine Bank, testified. Jenifer Waller,
representing the Colorado Bankers Association, testified. Ms. Megan Harmon,
representing The Eastern Colorado Bank, testified. Members of the panel
answered questions from members of the committee.
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12:45:52 PM |
Representative Frizzell
introduced and explained Amendment 1 (Attachment E). Members of the committee
discussed the amendment.
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12:51:23 PM
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Motion |
Adopt amendment 1 to LLS 24-559 |
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| Moved |
Frizell |
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| Seconded |
Ricks |
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Armagost |
Yes |
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Clifford |
No |
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English |
No |
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Frizell |
Yes |
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Lieder |
No |
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Lindstedt |
No |
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Lynch |
Yes |
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Mabrey |
No |
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Mauro |
No |
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Ricks |
Yes |
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Amabile |
No |
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YES: 4 NO: 7 EXC: 0 ABS: 0 FINAL ACTION: FAIL |
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12:52:10 PM |
Members gave closing remarks on the bill.
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12:53:33 PM
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Motion |
To introduce the draft bill as written |
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| Moved |
Ricks |
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| Seconded |
Lindstedt |
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Armagost |
No |
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Clifford |
Yes |
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English |
Yes |
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Frizell |
No |
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Lieder |
Yes |
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Lindstedt |
Yes |
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Lynch |
No |
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Mabrey |
Yes |
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Mauro |
Yes |
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Ricks |
No |
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Amabile |
Yes |
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YES: 7 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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12:53:34 PM |
Representatives Amabile and Lindstedt were named as sponsors for the bill, Representatives English, Clifford and Lieder were named cosponsors. Permission was given for technical changes to be made.
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