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HB26-1188 · Bill · 2026 Regular Session · Colorado

Sunset Process Securities Regulation

Concerning the continuation of the regulation of securities, and, in connection therewith, implementing the recommendations of the department of regulatory agencies in the department's 2025 sunset report.

Official status: Became Law

2 proposed amendments

Prime sponsors

Progress (from the official record)

Official summary

Official text — shown in English exactly as published by the official source. The official text controls.

The act implements the recommendations of the department of regulatory agencies (department) in its 2025 sunset review and report by continuing the division of securities and the securities board until 2037. In connection with continuing these entities, the act: Clarifies that deficiency letters and communications concerning a deficiency letter are not public documents that may be inspected under the 'Colorado Open Records Act'; Requires that an investment adviser or an investment adviser representative doing business in Colorado must be licensed by the securities commissioner (commissioner) unless otherwise exempt; Specifies that the executive director of the department must consult with the securities board when appointing the commissioner; and Updates statutory language to be gender neutral. The act revises the process by which a cease-and-desist order is issued or a license is summarily suspended. Under the previous law, the commissioner issued a cease-and-desist order or conducted a summary license suspension by issuing an order to show cause as to why a cease-and-desist order or license suspension should not be issued. After appropriate notices were given, a hearing was scheduled with the securities board or an administrative law judge. At the hearing, it was determined whether to issue a cease-and-desist order or suspend the license and what form the order or suspension would take. The act changes this process to authorize the commissioner to issue a preliminary cease-and-desist order or a summary license-suspension order. If the person that is the subject of the order disagrees with the order, the person may request a hearing to resolve the issue. The hearing must take place within 45 days after issuance of the order unless both parties request an extension. The deadline for a hearing, with an exception, is changed from 35 days to 60 days. If a hearing is not requested within 15 days after issuance of the order, the order becomes final. The person that is the subject of the order must obey the order until a hearing is requested. (Note: This summary applies to this bill as enacted.)

Status timeline

Every recorded action on HB26-1188, oldest first
DateLocationAction
02/09/2026HouseIntroduced In House - Assigned to Finance
03/16/2026HouseHouse Committee on Finance Refer Amended to Appropriations
03/20/2026HouseHouse Committee on Appropriations Refer Unamended to House Committee of the Whole
03/24/2026HouseHouse Second Reading Special Order - Passed with Amendments - Committee
03/25/2026HouseHouse Third Reading Passed - No Amendments
03/30/2026SenateIntroduced In Senate - Assigned to Finance
04/14/2026SenateSenate Committee on Finance Refer Unamended to Appropriations
04/21/2026SenateSenate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
04/21/2026SenateSenate Second Reading Special Order - Passed - No Amendments
04/22/2026SenateSenate Third Reading Passed - No Amendments
05/28/2026HouseSigned by the Speaker of the House
05/28/2026SenateSigned by the President of the Senate
05/28/2026GovernorSent to the Governor
05/29/2026GovernorGovernor Signed

Recorded votes

Proposed amendments (2 proposed amendments)

Amendments proposed to HB26-1188, oldest first
AmendmentCommittee / floor hearingOfferedDispositionOfficial document
L.001Committee amendment — Finance (House)03/16/2026PassedView official document
L.002
Sponsor: Representative Richardson		Floor amendment — Second Reading (House)03/24/2026LostView official document

Source: Colorado General Assembly (leg.colorado.gov) · Data as of

Full text

Official record

View HB26-1188 on leg.colorado.gov

Source: Colorado General Assembly (leg.colorado.gov) · Data as of

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Source: Colorado General Assembly (leg.colorado.gov) · Data as of

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