Date: 02/14/2012

Final
BILL SUMMARY for HB12-1284

HOUSE COMMITTEE ON ECONOMIC AND BUSINESS DEVELOPMENT

Votes: View--> Action Taken:
Moved to postpone House Bill 12-1284 indefinitely.
Moved to refer House Bill 12-1284 to the Committee		PASS
FAIL



01:45 PM -- House Bill 12-1284

Representative Wilson, prime sponsor, presented House Bill 12-1284. The bill creates a six member legislative interim committee to meet during the 2012 interim to study issues related to small business financing in Colorado. The committee is charged with meeting with small business lenders and small business owners to determine whether there is an unfilled need for capital and loans that discourages business expansion and to identify changes to better enable the formation of capital. Members of the committee may receive per diem and reimbursement for expenses. The bill is repealed July 1, 2013.

01:54 PM

Representative Wilson responded to questions from the committee regarding what the study would seek to determine.

02:04 PM -- Jennifer Waller, representing the Colorado Bankers' Association, testified against the bill. She talked about the issue of the ability to pay and talked about current efforts that are underway to address problems with lending to small businesses.

BILL:HB12-1284
TIME: 02:25:38 PM
MOVED:Wilson
MOTION:Moved to refer House Bill 12-1284 to the Committee on Appropriations. The motion failed on a vote of 5-7.
SECONDED:Tyler
VOTE
Balmer
No
Holbert
No
Miklosi
Excused
Priola
No
Singer
Yes
Soper
Yes
Swerdfeger
No
Szabo
No
Tyler
Yes
Williams A.
Yes
Wilson
Yes
Swalm
No
Liston
No
Final YES: 5 NO: 7 EXC: 1 ABS: 0 FINAL ACTION: FAIL


BILL:HB12-1284
TIME: 02:25:43 PM
MOVED:Balmer
MOTION:Moved to postpone House Bill 12-1284 indefinitely. The motion passed on a vote of 7-5.
SECONDED:Holbert
VOTE
Balmer
Yes
Holbert
Yes
Miklosi
Excused
Priola
Yes
Singer
No
Soper
No
Swerdfeger
Yes
Szabo
Yes
Tyler
No
Williams A.
No
Wilson
No
Swalm
Yes
Liston
Yes
YES: 7 NO: 5 EXC: 1 ABS: 0 FINAL ACTION: PASS