First Regular Session
Seventy-fifth General Assembly
STATE OF COLORADO
INTRODUCED
LLS NO. 25-0402.01 Chelsea Princell x4335
SENATE BILL 25-179
Senate Committees House Committees
Judiciary
A BILL FOR AN ACT
C
ONCERNING THE CONTINUATION OF THE "IDENTITY THEFT AND101
F
INANCIAL DETERRENCE ACT", AND, IN CONNECTION102
THEREWITH, IMPLEMENTING THE RECOMMENDATIONS103
CONTAINED IN THE 2024 SUNSET REPORT BY THE DEPARTMENT104
OF REGULATORY AGENCIES .105
Bill Summary
(Note: This summary applies to this bill as introduced and does
not reflect any amendments that may be subsequently adopted. If this bill
passes third reading in the house of introduction, a bill summary that
applies to the reengrossed version of this bill will be available at
http://leg.colorado.gov/
.)
Sunset Process - Senate Judiciary Committee. The "Identity
Theft and Financial Deterrence Act" is set to repeal September 1, 2025.
SENATE SPONSORSHIP
Weissman and Snyder, Ball
HOUSE SPONSORSHIP
Carter and Garcia,
Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
Capital letters or bold & italic numbers indicate new material to be added to existing law.
Dashes through the words or numbers indicate deletions from existing law. The bill implements the department of regulatory agencies'
recommendations to:
! Continue the "Identity Theft and Financial Fraud
Deterrence Act" until September 1, 2036;
! Repeal the identity theft and financial fraud board; and
! Repeal the current cash fund funding structure; allow
appropriation of money from the general fund to the
department of public safety; and allow the department of
public safety to accept gifts, grants, and donations to staff
the Colorado investigators unit.
Be it enacted by the General Assembly of the State of Colorado:1
SECTION 1. In Colorado Revised Statutes, 24-34-104, repeal2
(26)(a)(V) and (26)(a)(VI); and add (37) as follows:3
24-34-104. General assembly review of regulatory agencies4
and functions for repeal, continuation, or reestablishment - legislative5
declaration - repeal. (26) (a) The following agencies, functions, or both,6
are scheduled for repeal on September 1, 2025:7
(V) The identity theft and financial fraud board created in part 17
8
of article 33.5 of this title;9
(VI) The Colorado fraud investigators unit created in part 17 of10
article 33.5 of this title;11
(37) (a) T
HE FOLLOWING AGENCIES, FUNCTIONS, OR BOTH, ARE12
SCHEDULED FOR REPEAL ON SEPTEMBER 1, 2036:13
(I) T
HE COLORADO FRAUD INVESTIGATORS UNIT CREATED IN PART14
17
OF ARTICLE 33.5 OF THIS TITLE 24.15
(b) T
HIS SUBSECTION (37) IS REPEALED, EFFECTIVE SEPTEMBER 1,16
2038.17
SECTION 2. In Colorado Revised Statutes, 24-33.5-1704,18
amend (2); and repeal (6) as follows:19
24-33.5-1704. Colorado fraud investigators unit - creation -20
SB25-179-2- duties - repeal. (2) The purpose of the unit shall be IS to assist the1
attorney general, sheriffs, police, and district attorneys in investigating2
identity theft and financial fraud crimes and in prosecuting persons who3
commit those crimes. The unit shall also serve SERVES as an educational4
resource for law enforcement agencies, members of the financial industry,5
and the public regarding identity theft and financial fraud crimes and6
strategies for protection from and deterrence of these crimes. The unit7
shall operate pursuant to the comprehensive plan prepared by the unit and8
approved by the board pursuant to section 24-33.5-1706. The board shall9
have the oversight and direction of the unit in all of its operations.10
(6) The unit shall provide such clerical and technical assistance as11
the board may require.12
SECTION 3. In Colorado Revised Statutes, amend 24-33.5-170813
as follows:14
24-33.5-1708. Repeal of part. (1) This part 17 is repealed,15
effective September 1, 2025 SEPTEMBER 1, 2036.16
(2) Prior to said repeal, the board and the unit shall be reviewed17
as provided for in section 24-34-104.18
SECTION 4. In Colorado Revised Statutes, repeal and reenact,19
with amendments, 24-33.5-1707 as follows:20
24-33.5-1707. Identity theft and financial fraud fund - creation21
- source of funds. (1) T
HE IDENTITY THEFT AND FINANCIAL FRAUD FUND ,22
REFERRED TO IN THIS SECTION AS THE "FUND", IS CREATED IN THE STATE23
TREASURY. THE FUND CONSISTS OF GIFTS , GRANTS, OR DONATIONS24
CREDITED TO THE FUND PURSUANT TO SUBSECTION (2) OF THIS SECTION25
AND ALL MONEY THAT THE GENERAL ASSEMBLY APPROPRIATES OR26
TRANSFERS TO THE FUND. THE DEPARTMENT OF PUBLIC SAFETY SHALL27
SB25-179
-3- ADMINISTER THE FUND.1
(2) T
HE DEPARTMENT OF PUBLIC SAFETY MAY SEEK , ACCEPT, AND2
EXPEND GIFTS, GRANTS, OR DONATIONS FROM PRIVATE OR PUBLIC SOURCES3
FOR THE PURPOSE OF THIS PART 17.4
(3) T
HE STATE TREASURER SHALL CREDIT ALL INTEREST AND5
INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE6
FUND TO THE FUND.7
(4) M
ONEY IN THE FUND IS CONTINUOUSLY APPROPRIATED TO THE8
C
OLORADO FR AUD INVESTIGATORS UNIT , CREATED IN SECTION9
24-33.5-1704,
TO STAFF THE UNIT.10
(5) A
NY MONEY IN THE FUND NOT EXPENDED OR ENCUMBERED11
FROM AN APPROPRIATION AT THE END OF A FISCAL YEAR REMAINS IN THE12
FUND AND IS AVAILABLE FOR EXPENDITURE IN THE NEXT FISCAL YEAR .13
SECTION 5. In Colorado Revised Statutes, repeal 24-1-128.614
(6), 24-33.5-1703, 24-33.5-1705, and 24-33.5-1706.15
SECTION 6. Act subject to petition - effective date. This act16
takes effect at 12:01 a.m. on the day following the expiration of the17
ninety-day period after final adjournment of the general assembly; except18
that, if a referendum petition is filed pursuant to section 1 (3) of article V19
of the state constitution against this act or an item, section, or part of this20
act within such period, then the act, item, section, or part will not take21
effect unless approved by the people at the general election to be held in22
November 2026 and, in such case, will take effect on the date of the23
official declaration of the vote thereon by the governor.24
SB25-179
-4-