Colorado 2025 Regular Session Status: Introduced Bipartisan · 2 D · 1 R cosponsors

SB 25-080 — Allow Credit Union to Purchase Bank Assets

Last action — Senate Committee on Finance Postpone Indefinitely

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2025 Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

The bill authorizes a credit union to purchase the assets and liabilities of a state bank. The banking board may approve up to 5 purchases by credit unions per year. Prior to approving a purchase, a prospective credit union purchaser must conduct an analysis of the anticipated impacts to small business and agricultural lending and the intended prospective credit union purchaser's current and anticipated lending data for low- and moderate-income areas, including demonstrating that the purchase will meet the needs of the community. The analyses shall be reviewed by the department of regulatory agencies and made available to the public; except that any trade secrets or other privileged information protected by the "Colorado Open Records Act" incorporated into the analyses shall not be made publicly available.(Note: This summary applies to this bill as introduced.)

Bill Text

Amendments

1 amendment

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Action History

  1. Senate Committee on Finance Postpone Indefinitely

  2. Introduced In Senate - Assigned to Finance

Sponsors

Sponsorship breakdown

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3 sponsors · 0 co-sponsors · 98 not signed on

Sponsors (3)

Co-sponsors (0)

None.

Not signed on (98)

98 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance agriculture
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Frequently asked questions

What does SB 25-080 do?
The bill authorizes a credit union to purchase the assets and liabilities of a state bank. The banking board may approve up to 5 purchases by credit unions per year. Prior to approving a purchase, a prospective credit union purchaser must conduct an analysis of the anticipated impacts to small business and agricultural lending and the intended prospective credit union purchaser's current and anticipated lending data for low- and moderate-income areas, including demonstrating that the purchase will meet the needs of the community. The analyses shall be reviewed by the department of regulatory agencies and made available to the public; except that any trade secrets or other privileged information protected by the "Colorado Open Records Act" incorporated into the analyses shall not be made publicly available.(Note: This summary applies to this bill as introduced.)
Who sponsors SB 25-080?
SB 25-080 is sponsored by William Lindstedt (Democrat), Scott Bright (Republican), and Judy Amabile (Democrat).
What is the current status of SB 25-080?
This bill died with 2025 Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 25-080?
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Last checked for changes 2 months ago · updated continuously

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