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ColoradoHB26-11882026 Regular SessionHouse

Sunset Process Securities Regulation

Sponsored By: Brianna Titone (Democratic), Chris Kolker (Democratic), Sean Camacho (Democratic)

Signed by Governor

Financial Services & Commerce

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 2 benefits, 0 costs, 2 mixed.

Adviser filings focus on Colorado presence

Beginning on the law's effective date, investment advisers and their representatives doing business in Colorado need licenses unless legally exempt. Advisers must use representatives who are licensed or exempt. Federally regulated advisers must file notices and pay fees when they or their representatives have a Colorado place of business. In those years, they must also submit annual paperwork, including consent to receive legal papers and related federal filings. The law exempts qualifying advisers without a Colorado place of business and their representatives, reducing state filings and fees.

Colorado securities oversight continues through 2037

The law keeps Colorado's securities division and board in place until September 1, 2037, subject to sunset review. Their previous end date was September 1, 2026. The division operates within the Department of Regulatory Agencies. The law takes effect August 12, 2026, if the legislature adjourns on May 13, 2026. A referendum petition can delay that date until voter approval and the governor's official declaration of the result.

Securities examination letters become private

Beginning on the law's effective date, deficiency letters from state securities examinations and communications about those letters are confidential. The public cannot obtain these records through the Colorado Open Records Act. This protects examined businesses and people from disclosure but limits investors' access to examination findings.

Securities orders bring limits and hearing rights

Beginning on the law's effective date, Colorado's securities commissioner can issue preliminary stop orders and suspend securities licenses immediately. Subjects have 15 days to request a hearing; otherwise, the order becomes final. A requested stop-order hearing must take place within 30 days after issuance. The subject must follow that preliminary order until requesting a hearing. A requested license-suspension hearing must start within 45 calendar days after issuance. License holders must obey suspension orders until they become final or are canceled.

Sponsors & Cosponsors

Sponsors

  • Brianna Titone

    Democratic • House

  • Chris Kolker

    Democratic • Senate

  • Sean Camacho

    Democratic • House

Cosponsors

  • Bob Marshall

    Democratic • House

  • Kyle Brown

    Democratic • House

  • Kenny Nguyen

    Democratic • House

  • Monica Duran

    Democratic • House

  • Steven Woodrow

    Democratic • House

  • Cathy Kipp

    Democratic • Senate

  • James Coleman

    Democratic • Senate

  • Janice Marchman

    Democratic • Senate

  • Lisa Cutter

    Democratic • Senate

  • Mike Weissman

    Democratic • Senate

  • Tom Sullivan

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 97 • No: 38

Senate vote • 4/22/2026

Third reading: Bill

Yes: 26 • No: 8

Senate vote • 4/21/2026

Refer House Bill 26-1188 to the Committee of the Whole.

Yes: 5 • No: 2

Senate vote • 4/14/2026

Refer House Bill 26-1188 to the Committee on Appropriations.

Yes: 8 • No: 1

House vote • 3/25/2026

Third reading: Bill

Yes: 43 • No: 21

House vote • 3/20/2026

Refer House Bill 26-1188 to the Committee of the Whole.

Yes: 9 • No: 2

House vote • 3/16/2026

Refer House Bill 26-1188, as amended, to the Committee on Appropriations.

Yes: 6 • No: 4

Actions Timeline

  1. Governor Signed

    5/29/2026House

  2. Signed by the Speaker of the House

    5/28/2026House

  3. Signed by the President of the Senate

    5/28/2026Senate

  4. Sent to the Governor

    5/28/2026House

  5. Senate Third Reading Passed - No Amendments

    4/22/2026Senate

  6. Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

    4/21/2026Senate

  7. Senate Second Reading Special Order - Passed - No Amendments

    4/21/2026Senate

  8. Senate Committee on Finance Refer Unamended to Appropriations

    4/14/2026Senate

  9. Introduced In Senate - Assigned to Finance

    3/30/2026Senate

  10. House Third Reading Passed - No Amendments

    3/25/2026House

  11. House Second Reading Special Order - Passed with Amendments - Committee

    3/24/2026House

  12. House Committee on Appropriations Refer Unamended to House Committee of the Whole

    3/20/2026House

  13. House Committee on Finance Refer Amended to Appropriations

    3/16/2026House

  14. Introduced In House - Assigned to Finance

    2/9/2026House

Bill Text

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