House committees to hear two bad Senate bills tomorrow

Two economically destructive bills have made it to the House and will be heard in committee meetings tomorrow. Meeting at 9 A.M., the House State Government, Elections, and Indian Affairs Committee will consider SB 112. This bill would create a task force to direct the economy to move away from the oil and gas industry. As a government intervention in the market, this bureaucracy would obviously lead to inefficiency and hinder economic growth. Another House committee, the House Commerce and Economic Development Committee, will meet at noon to hear SB 66, a cap on interest rates for small loans, an issue we have written about before.

You can watch the meeting webcasts here, or join the Zoom meetings for public comment. The Zoom meeting for SB 112 can be accessed here, and the meeting for SB 66 can be found here.

The Rio Grande Foundation has submitted testimony in opposition to SB 112 and SB 66.