SB 25-179: Sunset Identity Theft & Financial Deterrence Act - Colorado

Revised (04/25/2025) → PA1 (04/11/2025) · 4 edits

MODERATE

This bill was amended to shift from a revised, adopted version to a preamended, unofficial version that includes committee amendments not yet adopted on second reading. The substantive policy content remains largely the same, focusing on continuing the Identity Theft and Financial Deterrence Act and adjusting appropriations for the 2025-26 fiscal year.

Scope change

No substantive change to the bill's scope or applicability; the change is primarily in the version status and formatting.

TECHNICAL

The document header was changed from 'REVISED' (indicating all amendments adopted) to 'PREAMENDED' (indicating an unofficial version with committee amendments not yet adopted).

Removed references to '2nd Reading Unamended' and '3rd Reading Unamended' status lines that indicated the bill had passed certain stages in its legislative process.

Added new text to Section 4 regarding unexpended funds remaining in the fund for the next fiscal year, which appears to be part of the committee amendments not yet adopted.

Minor formatting changes in the title section and committee listings, including removal of some co-sponsors from the Senate sponsorship list.

Rerevised (04/28/2025) → Revised (04/25/2025) · 2 edits

MINOR

The bill text was updated from a 'Rerevised' version to a 'Revised' version, indicating it has progressed through the legislative process. The substantive content of the bill remains largely the same, with minor formatting adjustments and the addition of a new paragraph regarding the Department of Public Safety's ability to accept gifts and grants for fund administration.

Scope change

No substantive change in scope or applicability; the bill's operational provisions remain consistent.

FISCAL

Added a new provision allowing the Department of Public Safety to seek, accept, and expend gifts, grants, or donations from private or public sources to support the fund's purposes.

TECHNICAL

Updated the version header from 'Rerevised' to 'Revised' and adjusted the amendment status description to reflect progress in the Second House.

Final Act (05/06/2025) → Rerevised (04/28/2025) · 4 edits

MODERATE

This bill extends the sunset date for the Colorado Fraud Investigators Unit from September 1, 2025 to September 1, 2036, while simultaneously repealing the separate Identity Theft and Financial Fraud Board that oversaw the unit. The funding structure also changed from a dedicated fund to general appropriations and the ability to accept private donations. These changes reflect a decision to keep the investigative unit operational for a longer period but under different oversight and funding arrangements.

Scope change

The bill's scope expanded by extending the operational timeline of the Colorado Fraud Investigators Unit from 2025 to 2036, while removing the oversight board that previously managed the unit.

TIMELINE

Extended the repeal date for the Colorado Fraud Investigators Unit from September 1, 2025 to September 1, 2036.

ENFORCEMENT

Removed the Identity Theft and Financial Fraud Board, which previously oversaw the unit's operations.

FISCAL

Changed funding from a dedicated Identity Theft and Financial Fraud Fund to general appropriations and allowed the department to accept gifts, grants, and donations.

REQUIREMENT

Modified the unit's statutory language to remove board oversight requirements while maintaining the unit's investigative and educational purposes.

Signed Act (05/31/2025) → Final Act (05/06/2025) · 3 edits

MINOR

This bill continues the Identity Theft and Financial Deterrence Act and implements recommendations from a 2024 sunset review. The changes appear to be primarily formatting and signature-related adjustments to the final enacted version of the legislation, with no substantive policy modifications to the core provisions regarding the Identity Theft and Financial Fraud Board or the Colorado Fraud Investigators Unit.

TECHNICAL

Added signature lines and approval blocks for legislative officers and the Governor to finalize the bill as an enacted law.

Minor formatting adjustments to bill title, sponsor list, and section headers between the signed and final versions.

Removed draft annotations and markup symbols that were used during the legislative process but are not part of the final enacted text.

Reengrossed (04/17/2025) → Signed Act (05/31/2025) · 4 edits · May 31, 2025

MODERATE

This bill extends the sunset date for the Colorado Fraud Investigators Unit from September 1, 2025 to September 1, 2036, while simultaneously repealing the oversight board that previously managed the unit. The funding structure is also changed from a dedicated cash fund to a new fund relying on general appropriations, gifts, and grants, with a specific $653,345 appropriation for the 2025-2026 fiscal year.

Scope change

The bill significantly alters the operational lifespan and governance structure of the fraud investigators unit, extending its existence by over a decade while removing the board oversight mechanism.

TIMELINE

The repeal date for the Identity Theft and Financial Fraud Board was changed from September 1, 2025 to September 1, 2036, and the unit's repeal date was set to September 1, 2038.

REQUIREMENT

The requirement for a separate board to oversee and direct the unit's operations was removed, as the board itself is being repealed.

FISCAL

The funding mechanism was changed from a dedicated cash fund to a new fund that relies on general appropriations, gifts, grants, and donations, with a specific $653,345 appropriation for the 2025-2026 fiscal year.

The Department of Public Safety is now authorized to seek, accept, and expend gifts, grants, and donations from private or public sources to support the unit.

Engrossed (04/15/2025) → Reengrossed (04/17/2025) · 3 edits · Apr 17, 2025

MINOR

The bill was reengrossed to include additional Senate sponsors and updated the reading status to reflect that it passed the Senate without amendments on April 17, 2025. No substantive policy changes were made to the bill's text itself.

TECHNICAL

Added five new Senate sponsors (Amabile, Cutter, Gonzales J., Jodeh, Kipp, Kolker, Michaelson Jenet, Roberts, Wallace, Winter F.) to the bill's sponsorship list.

Updated the version header from 'ENGROSSED' to 'REENGROSSED' to reflect the bill's current legislative status after Senate amendments.

Added a new reading status note indicating the bill received 3rd Reading Unamended in the Senate on April 17, 2025.

Introduced (02/24/2025) → Engrossed (04/15/2025) · 4 edits · Apr 17, 2025

MODERATE

The bill was amended to extend the sunset date of the Identity Theft and Financial Fraud Deterrence Act from September 1, 2025 to September 1, 2036, and to change the funding structure from a permanent cash fund to an annual appropriation system. The bill also adds Appropriations to the Senate committee assignments and updates the bill title to reflect the funding change.

Scope change

The bill's scope was extended by 11 years, changing the sunset date from September 1, 2025 to September 1, 2036. The funding mechanism was modified from a permanent cash fund to requiring annual appropriations from the general fund.

TIMELINE

The sunset date for the Identity Theft and Financial Fraud Deterrence Act was extended from September 1, 2025 to September 1, 2036.

FISCAL

The funding structure was changed from a permanent cash fund to requiring annual appropriations from the general fund, with the department of public safety allowed to accept gifts, grants, and donations.

REQUIREMENT

Added Appropriations to the Senate committee assignments, indicating the bill now requires review by the Appropriations committee.

TECHNICAL

Updated the bill title to include 'AND MAKING AND REDUCING AN APPROPRIATION' to reflect the funding structure change.

Sunset Identity Theft & Financial Deterrence Act

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