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74.2.16 State Legislation 2024 | 04/25/2024

I was testifying in committee last night. As the chair recognized me, the Senator said, “Ms. Morgan, yet one more evening together in committee. You need a hobby.” The 120-day legislative session is like the Olympics and we spend all year preparing for the endurance of wills.


HB24-1351 Concerning the Sunset of the Division of Banking and Banking Board will be heard in Senate Business Labor and Technology Committee on Tuesday, April 30, 2024, at 2pm. CBA issued our Call to Action for Senate Leadership and the Business Labor and Technology Committee on Tuesday. You can access the Call to Action here. Please reach out to the legislators identified in the Call to Action. If you would like to listen to the hearing on Tuesday, this is the hearing link to listen to the proceedings.


This week, CBA testified on several pieces of legislation as the legislature works through the large number of bills remaining:


HB24-1324 Concerning Restrictive Employment Agreements

This legislation addresses the training component of Restrictive Employment Agreements. The bill was heard in Senate Business Labor and Technology Committee on Tuesday. The bill was amended to focus the Attorney General’s rule making authority to rules necessary to implement to legislation.


HB24-1337 Concerning Real Property Owners Unit Association Collections This bill outlines additional provisions an HOA must implement prior to initiating foreclosure proceedings on a unit owner for outstanding fees and assessments. The bill also establishes additional rights to redemption after foreclosure. CBA testified in an amend position on Tuesday to address additional notice to lenders prior to initiating foreclosure proceedings. We continue to negotiate with the advocates and bill sponsor to add guardrails to the legislation.


On Wednesday, SB24-205 Concerning Consumer Protections for Artificial Intelligence was heard in Senate Judiciary. The bill sponsor offered a strike below amendment, meaning an amendment which completely rewrote the provisions of the bill. The strike below amendment can be read here. The bill still needs work to be able to implement it. There are a multitude of groups and state agencies that have voiced concerns about this legislation.


Earlier this week, Colorado Politics reported that there are 374 bills and resolutions remaining on the calendar for the legislature to debate. There are less than two weeks left on the legislative calendar and new bills continue to be introduced. We shall see if bills are killed in committee or left on the calendar to die before May 8.


A Final Thought

The fourth Thursday of each April is National Teach Children to Save Day. This year it is today. April 25th is also Take Your Sons and Daughters to Work Day. As a young girl, my father was a traveling salesman. I always looked forward to days off school so that I could spend a day in the car with him visiting his clients, closer to home. It is a special memory I cherish as an adult. Thursday is an opportunity to open a child’s mind to all the opportunities and to build memories. 


Alison Morgan, Director of State Government Relations