S_FIN_2025A 03/18/2025 02:01:09 PM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON FINANCE

Date

03/18/2025

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

Time

02:01:09 PM to 02:38:11 PM

Place

SCR 357

This Meeting was called to order by

Kipp

This Report was prepared by

Katie Ruedebusch

Hearing Items	Action Taken
hHB25-1201	Referred to the Committee of the Whole - Consent Calendar

HB25-1201 - Referred to the Committee of the Whole - Consent Calendar

Attachment Tag

File Name

Attachment A

Attachment A - Combined.pdf

02:01:56 PM

Senators Liston and
Hinrichsen introduced House Bill 25-1201. The bill repeals the âMoney
Transmitters Actâ and enacts the âMoney Transmission Modernization Act.â

02:13:36 PM

Mr. Ken Boldt, representing
the Division of Banking, testified in support of the bill. Adam Fleisher,
representing The Money Services Round Table, testified in support of the
bill. Ms. Amy Miller, representing ADP, testified in opposition to the
bill. Michael Hannon, representing the Payroll Department, Inc., testified
in support of the bill. The witnesses answered several committee questions.

02:14:18 PM

Written testimony may be found in Attachment A.

02:37:16 PM	Motion	Refer House Bill 25-1201 to the Committee of the Whole 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

02:38:11 PM

The committee adjourned.

HB25-1201 - Referred to the Committee of the Whole - Consent Calendar

Colorado General Assembly