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PUBLIC
BILL SUMMARY For HB25B-1006

SENATE COMMITTEE ON FINANCE
Date Aug 24, 2025       Location SCR 352

HB25B-1006 - Amended, referred to Senate Appropriations


10:08:10 AM  
Sens. Jodeh and Mullica introduced HB25B-1006. The bill loans $100 million from the Unclaimed Property Trust Fund to the Health Insurance Affordability Enterprise Cash Fund. The sponsors answered several committee questions.
10:29:16 AM  
Committee discussion continued with the sponsors.
10:29:29 AM  
Greg Sobetski, Legislative Council Staff, came to the table to discuss the timeline of an updated fiscal note.
10:37:23 AM  
Natalie Menten, representing themself, testified in opposition to the bill. Leah Marvin-Riley, representing the Colorado Department of Treasury, testified to amend the bill and will support the bill as amended.
10:46:12 AM  
Committee discussion with the witnesses continued.
10:52:32 AM  
Greg Sobetski returned to the table to answer an committee question.
11:02:08 AM  
Toni Sarge, representing the Colorado Children's Campaign, testified in support of the bill. Mr. Kevin McFatridge, representing the Colorado Association of Health Plans, testified in support of the bill. Nicole Loy, representing the Colorado Immigrant Rights Coalition, testified in support of the bill. Commissioner Michael Conway, representing the Division of Insurance, testified in support of the bill. Commissioner Conway distributed a handout to the committee (Attachment A).  
11:21:14 AM  
Committee discussion continued with the witnesses.
11:46:02 AM  
Discussion with the Commissioner continued.
11:50:43 AM  
Katie Ryan, representing Denver Health and the Colorado Hospital Association, testified in support of the bill.
11:55:55 AM  
Christy Chase, Office of Legislative Legal Services, came to the table to discuss portions of the amendment.

11:56:02 AM
Motion Adopt amendment L.015 (Attachment B)
Moved Mullica
Seconded
Bright
Frizell
Gonzales J.
Kolker
Mullica
Simpson
Snyder
Marchman
Kipp
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
11:56:26 AM  
The sponsors gave some closing remarks.

12:24:01 PM
Motion Refer House Bill 25B-1006, as amended, to the Committee on Appropriations.
Moved Mullica
Seconded
Bright No
Frizell No
Gonzales J. Yes
Kolker Yes
Mullica Yes
Simpson No
Snyder Yes
Marchman Yes
Kipp Yes
Final YES: 6   NO: 3   EXC: 0   ABS:  0   FINAL ACTION:  PASS