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Archive #47718
Metadata
Bill Number
HB26-1188
HTTP Status
200
Valid JSON
Valid
Archived At
2026-03-24 14:24:02 MDT
Created At
2026-03-24 14:24:02 MDT
Parsed JSON
{ "votes": [], "active": "T", "origin": "House", "lls_num": "26-0356", "session": "2026A", "subject": [ "Financial Services & Commerce" ], "bill_num": "HB26-1188", "sponsors": [ { "id": "SC001", "title": "Representative", "s_type": "Prime Sponsor", "chamber": "House", "full_name": "Sean Camacho", "last_name": "Camacho", "first_name": "Sean", "sponsor_order": "1" }, { "id": "BT001", "title": "Representative", "s_type": "Prime Sponsor", "chamber": "House", "full_name": "Brianna Titone", "last_name": "Titone", "first_name": "Brianna", "sponsor_order": "2" }, { "id": "RS002", "title": "Representative", "s_type": "Additional Sponsor", "chamber": "House", "full_name": "Rebekah Stewart", "last_name": "Stewart R.", "first_name": "Rebekah" }, { "id": "CK003", "title": "Senator", "s_type": "Prime Sponsor", "chamber": "Senate", "full_name": "Chris Kolker", "last_name": "Kolker", "first_name": "Chris", "sponsor_order": "3" } ], "bill_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/39879C3D99DF586F87258D2B00626E95/$File/1188_eng.pdf", "date": "03/24/2026", "label": "Engrossed", "url_html": "", "lastModified": "03/24/2026 01:45:29 PM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/39879C3D99DF586F87258D2B00626E95/$File/1188_01.pdf", "date": "02/09/2026", "label": "Introduced", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/39879C3D99DF586F87258D2B00626E95/$File/1188_01.html", "lastModified": "02/09/2026 09:25:49 AM" } ], "committees": [ { "id": "H_FIN_2026A", "name": "Finance", "chamber": "House" }, { "id": "H_APP_2026A", "name": "Appropriations", "chamber": "House" } ], "long_title": "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.", "bill_status": "House Third Reading", "short_title": "Sunset Process Securities Regulation", "bill_summary": "<html><body><p></p><p> <b>Sunset Process - House Finance Committee.</b> The bill implements the recommendations of the department of regulatory agencies 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 bill:</p><p></p><p><ul><li>Clarifies that deficiency letters and communications concerning a deficiency letter are not public documents that may be inspected under the "Colorado Open Records Act";</p><p><li>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;</p><p><li>Specifies that the executive director of the department of regulatory agencies must consult with the securities board when appointing the commissioner; and</p><p><li>Updates statutory language to be gender neutral.</p><p></li></ul> </p><p>The bill revises the process by which a cease-and-desist order is issued or a license is summarily suspended. Under current law, the commissioner issues a cease-and-desist order or conducts 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 are given, a hearing is scheduled with the securities board or an administrative law judge. At the hearing, it is determined whether to issue a cease-and-desist order or suspend the license and what form the order or suspension will take. The bill 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 30 days after issuance of the order. 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.</p><p><br/><i>(Note: This summary applies to this bill as introduced.)</i></p></body></html>", "progress_bar": [ { "end": "F", "label": "Introduced", "position": 1 }, { "end": "F", "label": "Under Consideration", "position": 2 } ], "special_type": "", "bill_category": "Financial Institutions", "allow_testimony": "F", "amendment_files": [ { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/9C1C712C0991926387258DC4005CDFBD/HB1188_L.002.pdf", "date": "03/24/2026 12:00:47 PM", "vote": "Lost**", "chamber": "House", "hearing": "Second Reading", "url_html": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/9C1C712C0991926387258DC4005CDFBD/HB1188_L_002.html", "amendment": "L.002" }, { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/0EDB6A64AA72B06787258DB500660C7E/HB1188_L.001.pdf", "date": "03/16/2026 02:15:51 PM", "vote": "Passed*", "chamber": "House", "hearing": "HOU Finance", "url_html": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2026A/amendments/0EDB6A64AA72B06787258DB500660C7E/HB1188_L_001.html", "amendment": "L.001" } ], "full_bill_topic": "Sunset Process Securities Regulation", "long_bill_files": [], "GHG_report_files": [], "preamended_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/39879C3D99DF586F87258D2B00626E95/$File/1188_H_FIN_01.pdf", "date": "03/17/2026", "label": "PA1", "url_html": "", "lastModified": "03/17/2026 11:45:34 AM", "label_detailed": "House Finance Preamend" } ], "bill_sub_category": "Securities", "fiscal_note_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/39879C3D99DF586F87258D2B00626E95/$File/HB1188_00.pdf", "date": "03/10/2026", "label": "FN1", "url_html": "", "lastModified": "03/24/2026 02:20:02 PM", "label_detailed": "Initial Fiscal Note" } ], "is_budget_package": "No", "session_laws_files": "", "summarized_history": [ { "date": "03/24/2026", "action": "House Second Reading Special Order - Passed with Amendments - Committee", "location": "House" }, { "date": "03/20/2026", "action": "House Committee on Appropriations Refer Unamended to House Committee of the Whole", "location": "House" }, { "date": "03/16/2026", "action": "House Committee on Finance Refer Amended to Appropriations", "location": "House" }, { "date": "02/09/2026", "action": "Introduced In House - Assigned to Finance", "location": "House" } ], "research_note_files": [], "bill_sub_sub_category": "Securities", "committee_report_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/39879C3D99DF586F87258D2B00626E95/$File/HB1188_H_FIN_001.pdf", "date": "03/16/2026", "label": "H_FIN_2026A", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/39879C3D99DF586F87258D2B00626E95/$File/HB1188_H_FIN_001.html", "lastModified": "03/17/2026 10:01:12 AM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/39879C3D99DF586F87258D2B00626E95/$File/HB1188_H_APP_001.pdf", "date": "03/20/2026", "label": "H_APP_2026A", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/39879C3D99DF586F87258D2B00626E95/$File/HB1188_H_APP_001.html", "lastModified": "03/20/2026 09:52:21 AM" } ], "demographic_note_files": [], "updated_bill_summary_files": [], "budget_staff_analysis_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2026A/csl.nsf/0/39879C3D99DF586F87258D2B00626E95/$File/HB1188_hse.pdf", "date": "03/17/2026", "label": "SA1", "url_html": "", "lastModified": "03/17/2026 11:40:14 AM", "label_detailed": "House Appropriation Analysis (1)" } ], "first_chamber_third_reading_date": "", "second_chamber_third_reading_date": "" }
Raw Response
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In connection with continuing these entities, the bill:</p><p></p><p><ul><li>Clarifies that deficiency letters and communications concerning a deficiency letter are not public documents that may be inspected under the "Colorado Open Records Act";</p><p><li>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;</p><p><li>Specifies that the executive director of the department of regulatory agencies must consult with the securities board when appointing the commissioner; and</p><p><li>Updates statutory language to be gender neutral.</p><p></li></ul> </p><p>The bill revises the process by which a cease-and-desist order is issued or a license is summarily suspended. Under current law, the commissioner issues a cease-and-desist order or conducts 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 are given, a hearing is scheduled with the securities board or an administrative law judge. At the hearing, it is determined whether to issue a cease-and-desist order or suspend the license and what form the order or suspension will take. The bill 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 30 days after issuance of the order. If a hearing is not requested within 15 days after issuance of the order, the order becomes final. 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