s_sa_2016a_2016-02-17t13:34:14z1 Hearing Summary
Date: 02/17/2016
Final
BILL SUMMARY for SB16-043
SENATE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS
| Votes: View--> | Action Taken: |
| Postpone Senate Bill 16-043 indefinitely using a r Refer Senate Bill 16-043 to the Committee of the W |
PASS FAIL |
02:18 PM -- SB16-043
Senator Carroll presented Senate Bill 16-043 to the committee. The bill establishes requirements for private educational lenders and covered educational institutions related to student loans. The bill requires lenders to disclose certain information to a borrower both at the time of application or solicitation, and at the time the borrower is contractually obligated to repay the loan.
02:25 PM -- Shannon Leasau, representing herself, testified in support of the bill.
02:29 PM -- Franklin Acosta, representing himself, testified in support of the bill.
02:32 PM -- Adrian Felix, representing himself, testified in support of the bill.
02:34 PM -- Jenifer Waller, representing Colorado Bankers Association, testified against the bill.
02:40 PM -- Kaitlin Fox, representing the Colorado Bar Association Young Lawyers Division, testified in support of the bill.
02:44 PM
Senator Carroll wrapped up her presentation to the committee.
| BILL: | SB16-043 | |
| TIME: | 02:46:06 PM | |
| MOVED: | Jones | |
| MOTION: | Refer Senate Bill 16-043 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: | SB16-043 | |
| TIME: | 02:53:30 PM | |
| MOVED: | Sonnenberg | |
| MOTION: | Postpone Senate Bill 16-043 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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02:54 PM
The committee took a short recess.