CO HB 1188
enactedSunset Process Securities Regulation
Colorado · 2026 Regular Session · lower
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Quick answers
Did CO HB 1188 pass?
Yes. CO HB 1188 has been enacted into law. Latest recorded action (2026-05-29): Governor Signed
What is CO HB 1188 about?
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; andUpdates 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.)
Who sponsors CO HB 1188?
R. Stewart, C. Kolker, B. Titone and 1 others are the primary sponsors of CO HB 1188, joined by 11 cosponsors.
Description
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; andUpdates 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.)
- Introduced
- 2026-02-09
- Latest action
- 2026-05-29 — Governor Signed
- Bill type
- bill
- Last updated
- —
Subjects
Sponsors
- R. Stewartsponsor
- C. Kolkersponsor
- B. Titonesponsor
- S. Camachosponsor
- L. Cuttercosponsor
- J. Colemancosponsor
- S. Woodrowcosponsor
- M. Weissmancosponsor
- B. Marshallcosponsor
- M. Durancosponsor
- K. Browncosponsor
- K. Nguyencosponsor
- T. Sullivancosponsor
- J. Marchmancosponsor
- C. Kippcosponsor
Committees
Not provided by source.
Action timeline
Newest first
2026-05-29
Governor Signed
executive-signature
2026-05-28
Signed by the Speaker of the House
passage
2026-05-28
Signed by the President of the Senate
passage
2026-05-28
Sent to the Governor
executive-receipt
2026-04-22
Senate Third Reading Passed - No Amendments
passage,reading-3
2026-04-21
Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
committee-passage,referral-committee
2026-04-21
Senate Second Reading Special Order - Passed - No Amendments
2026-04-14
Senate Committee on Finance Refer Unamended to Appropriations
referral-committee
2026-03-30
Introduced In Senate - Assigned to Finance
introduction
2026-03-25
House Third Reading Passed - No Amendments
passage,reading-3
2026-03-24
House Second Reading Special Order - Passed with Amendments - Committee
2026-03-20
House Committee on Appropriations Refer Unamended to House Committee of the Whole
committee-passage,referral-committee
2026-03-16
House Committee on Finance Refer Amended to Appropriations
referral-committee
2026-02-09
Introduced In House - Assigned to Finance
introduction
Versions
Documents
Votes
Refer House Bill 26-1188, as amended, to the Committee on Appropriations.
2026-03-16 · pass · 0-0
Member-level votes (11)
- Sean Camacho: yes
- Lorena Garcia: yes
- Ryan Gonzalez: no
- Anthony Hartsook: no
- Bob Marshall: yes
- Rebekah Stewart: yes
- Ron Weinberg: no
- Dan Woog: no
- Yara Zokaie: yes
- Brianna Titone: excused
- Steven Woodrow: yes
Adopt amendment L.001
2026-03-16 · pass · 0-0
Refer House Bill 26-1188 to the Committee of the Whole.
2026-03-20 · pass · 0-0
Member-level votes (11)
- Andrew Boesenecker: yes
- Scott Bottoms: no
- Junie Joseph: yes
- Karen McCormick: yes
- Matt Soper: no
- Rick Taggart: yes
- Brianna Titone: yes
- Elizabeth Velasco: yes
- Yara Zokaie: yes
- Emily Sirota: yes
- Kyle Brown: yes
Refer House Bill 26-1188 to the Committee on Appropriations.
2026-04-14 · pass · 0-0
Member-level votes (9)
- Adrienne Benavidez: yes
- Scott Bright: no
- Lisa Frizell: yes
- Chris Kolker: yes
- Kyle Mullica: yes
- Cleave Simpson: yes
- Marc Snyder: yes
- Janice Marchman: yes
- Cathy Kipp: yes
Refer House Bill 26-1188 to the Committee of the Whole.
2026-04-21 · pass · 0-0
Member-level votes (7)
- Scott Bright: no
- Julie Gonzales: yes
- Larry Liston: yes
- Chris Kolker: yes
- Judy Amabile: yes
- Barbara Kirkmeyer: no
- Jeff Bridges: yes
BILL
2026-04-22 · pass · 0-0
Member-level votes (36)
- Amabile: yes
- Baisley: no
- Ball: yes
- Benavidez: yes
- Bridges: yes
- Bright: yes
- Carson: no
- Catlin: excused
- Cutter: yes
- Danielson: yes
- Daugherty: yes
- Exum: yes
- Frizell: no
- Gonzales J.: yes
- Hinrichsen: yes
- Jodeh: yes
- Kipp: yes
- Kirkmeyer: no
- Kolker: yes
- Lindstedt: yes
- Liston: yes
- Marchman: yes
- Mullica: yes
- Pelton B.: no
- Pelton R.: no
- Rich: no
- Roberts: yes
- Rodriguez: yes
- Simpson: yes
- Snyder: yes
- Sullivan: yes
- Wallace: yes
- Weissman: yes
- Zamora Wilson: no
- Coleman: yes
- President: yes
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T03:52:26.466301Z
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