SB 25-179

Senate Bill 25-179, also known as the "Sunset Identity Theft & Financial Deterrence Act," extends the existing law on identity theft and financial fraud until September 1, 2036. It eliminates a specific board dedicated to this issue and changes how funding is managed for anti-fraud efforts in Colorado, shifting money from a special fund to the state's general budget. The bill also provides $653,345 for the Colorado Bureau of Investigation to help combat identity theft and financial fraud. Since it has been signed into law, these measures are now active and will continue to protect Coloradans from such crimes over the next decade.

Official Summary

The "Identity Theft and Financial Deterrence Act" was set to repeal September 1, 2025. The act 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 (department); and allow the department to accept gifts, grants, and donations to staff the Colorado investigators unit. For the 2025-26 state fiscal year, the act appropriates $653,345 from the identity theft and financial fraud fund to the department for use by the Colorado bureau of investigation and decreases appropriations made to the department for use by the Colorado bureau of investigation from the identity theft and financial fraud fund by $653,345. Money appropriated to the department to staff the Colorado investigators unit is subject to available appropriations. (Note: This summary applies to this bill as enacted.)

Votes