These are all of the Telecommunications and IT bills proposed in the 2019 session. Each bill has its own bill number, please use your browser search feature to find the bill you are interested in. Return to the Colorado home page to pick a different bill category.
None of the text is the opinion of Engage. Each bill's description, arguments for, and arguments against are our best effort at describing what each bill does, arguments for, and arguments against the bill. The long description is hidden by design, you can click on it to expand it if you want to read more detail about the bill. If you believe we are missing something, please contact us with your suggestion. Some of these bills have the notation that they have been sent to the chamber's "kill" committee. This means that the leadership has decided to send the bill to the State committee even though it does not belong there based on its subject matter. This committee, in both chambers, is stacked with members from "safe" districts and the idea is to kill the bill without forcing any less safe members to take a hard vote. It is possible for a bill to survive the kill committee, but it is very rare.
Prime sponsors are given after each bill, with Senate sponsors in () and House sponsors in . They are color-coded by party.
Each bill has been given a "magnitude" category: Major, Medium, Minor, and Technical. This is a combination of the change the bill would create and the "controversy" level of the bill. Some minor bills that are extending current programs would be major changes if they were introducing something new, but the entire goal here is to allow you to better curate your time. Something uncontroversial likely to pass nearly unanimously that continues a past program may not be worth your time (and please remember, you can still read all of the minor bills!). Technical bills are here to round out the list. They are non-substantive changes.
Click on the House bill title to jump to its section:
SB19-023 Cryptocurrency Exemption Colorado Digital Token Act (Tate, Fenberg) [Kraft-Tharp]
Provides limited exceptions from the securities registration, securities broker-dealer, and salesperson licensing for people dealing in digital tokens (cryptocurrency).
Provides limited exceptions from the securities registration, securities broker-dealer, and salesperson licensing for people dealing in digital tokens (cryptocurrency). Exemptions only apply when the tokens are being used for a consumptive purpose, which much be available within 180 days of the time of sale or transfer of the token, and not for a speculative or investment purpose.
Crypto economic systems can be an important aspect of blockchain technology, which allows for decentralized web platforms that can be extremely difficult to hack. Colorado can be a hub for this wave of the future but companies that use cryptocurrency can face an uncertain regulatory environment designed for investments, not for currency replacement. While it is certainly true that some cryptocurrencies are treated like investment vehicles by the public, the bill requires the consumptive purpose for the exemption so any currency that is really an investment vehicle won’t qualify.
We are in very early days for cryptocurrency and while there are many wonderful pictures of a beautiful blockchain future, at the moment they remain speculative visions, not reality. The reality now is that crypto is as much an investing fad as a monetary replacement and it may be difficult to sort out that investment piece from the consumptive possibility of the token. Anything that could cause the public to lose money investing in needs to be regulated as such.