S_FIN_2025A 03/04/2025 02:00:43 PM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON FINANCE

Date

03/04/2025

Attendance
Bright	X
Frizell	*
Gonzales J.	X
Kolker	X
Mullica	X
Simpson	X
Snyder	*
Marchman	X
Kipp	X

Time

02:00:43 PM to 02:23:46 PM

Place

SCR 357

This Meeting was called to order by

Kipp

This Report was prepared by

Katie Ruedebusch

Hearing Items	Action Taken
hSB25-080	Postponed Indefinitely
hConf 25-Securities Board	Favorably Refer to Full Senate - Consent Calendar

SB25-080 - Postponed Indefinitely

02:00:58 PM

Senators Amabile
and Bright introduced Senate Bill 25-080. The bill allows credit unions
to purchase bank assets under select circumstances. After some remarks,
the sponsors requested that the bill be postponed indefinitely.

02:11:57 PM	Motion	Postpone Senate Bill 25-080 indefinitely.
	Moved	Bright
	Seconded

	Bright	Yes
	Frizell	Yes
	Gonzales J.	Yes
	Kolker	Yes
	Mullica	Yes
	Simpson	Yes
	Snyder	Yes
	Marchman	Yes
	Kipp	Yes
	Final	YES: 9 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

Conf 25-Securities Board - Favorably Refer to Full Senate - Consent Calendar

02:12:23 PM

Commissioner Tung
Chan introduced the appointees to the Securities Board. Mr. Philip McDermott
and Mr. Nicholas Budor discussed their interest and qualifications to serve
on the board.

02:23:14 PM	Motion	Refer the appointment of Nicholas Budor and Philip McDermott to the Securities Board to the full Senate with a favorable recommendation and with a recommendation that it be placed on the consent calendar.
	Moved	Marchman
	Seconded

	Bright	Yes
	Frizell	Yes
	Gonzales J.	Yes
	Kolker	Yes
	Mullica	Yes
	Simpson	Yes
	Snyder	Yes
	Marchman	Yes
	Kipp	Yes
	Final	YES: 9 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

02:23:46 PM

The committee adjourned.

SB25-080 - Postponed Indefinitely

Conf 25-Securities Board - Favorably Refer to Full Senate - Consent Calendar

Colorado General Assembly