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House Approves ‘Fiscal Impact’ Bill For Business

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Colorado State Capitol (credit: CBS)

Colorado State Capitol (credit: CBS)

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DENVER (AP) – The Colorado House approved a measure allowing businesses to tell lawmakers what financial impact new legislation can have on their companies.

The Republican-sponsored bill would direct legislative staffers to prepare a “fiscal impact statement” for bills after businesses have had 10 days to provide input.

Some Democrats supported the proposal but the no votes in the 41-22 vote came from Democrats. That’s not a good sign for the Republican measure because the bill now needs to be approved by the Democratic-controlled Senate. A similar proposal has already failed there this session.

Democratic Gov. John Hickenlooper has previously said he would like to see bills have a cost estimate of what new regulations would have on businesses.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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