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That concern thwarted many years of tries to pass an interest rate limit in Colorado and finally inspired the compromise bill which has garnered plenty national attention, in line with the measure’s sponsor, House Speaker Mark Ferrandino (D Denver).

we had been absolutely heading down,” remembered Ferrandino. We’d attempted for decades to obtain a bill passed away. It failed couple of years in a line and ended up being in the cusp of failing once again. Therefore we sat straight down with key votes in Senate and said: ‘Our goal would be to end the period of financial obligation. (more…)