Colorado 2025 Regular Session Status: Enacted Bipartisan · 3 D · 1 R cosponsors

HB 25-1201 — Model Money Transmission Modernization Act

Last action — Governor Signed

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 10, 2025. Enacted.

Signed by Governor Jared Polis (Democratic) on April 18, 2025.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 94% · high confidence

  • Enacted

    Current position in the legislative process.

  • 4 sponsors

    3 primary, 1 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (3 D · 1 R) — cross-party backing.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

The act repeals the current "Money Transmitters Act" and replaces it with the model "Money Transmission Modernization Act" (MTMA). The act adopts the MTMA in part. The act updates outdated or inconsistent regulations relating to money transmitters and money transmission services, including: Clarifying the definition of "control" of a licensee and introducing a rebuttable presumption of control; Enabling Colorado's participation in multistate licensing initiatives; Codifying the agent-to-payee exemption to licensure; Revising prudential standards required for licensing and ongoing monitoring, such as tangible net worth and permissible investment calculations; Establishing an irrevocable, standby letter of credit as a permissible investment; and Expanding the enforcement actions available in case of nonperformance by a money transmitter.(Note: This summary applies to this bill as enacted.)

Bill Text

What changed in the latest version

21 added · 18 removed

Plain-language change summary

The recent amendments to House Bill 25-1201 introduce a model act aimed at modernizing money transmission laws in Colorado. Key changes include the addition of a clear legislative title for the new framework and a focus on enhancing coordination among states regarding the regulation of money transmitters. This modernization is important as it seeks to streamline regulations that govern how money is transferred, making the process more efficient and potentially more transparent for consumers and businesses alike.

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Latest
First Regular Session Seventy-fifth General Assembly STATE OF COLORADO ENGROSSED This Version Includes All Amendments Adopted on Second Reading in the House of Introduction LLS NO.
First Regular Session Seventy-fifth General Assembly STATE OF COLORADO REENGROSSED This Version Includes All Amendments Adopted in the House of Introduction LLS NO.
25-0524.01 Brita Darling x2241 HOUSE BILL 25-1201 HOUSE SPONSORSHIP Marshall, SENATE SPONSORSHIP Hinrichsen, House Committees Senate Committees Finance A BILL FOR AN ACT C ONCERNING IMPLEMENTING A MODEL ACT TO MODERNIZE MONEY TRANSMISSION .
25-0524.01 Brita Darling x2241 HOUSE BILL 25-1201 HOUSE SPONSORSHIP Marshall, Jackson SENATE SPONSORSHIP Hinrichsen and Liston, House Committees Senate Committees Finance A BILL FOR AN ACT C ONCERNING IMPLEMENTING A MODEL ACT TO MODERNIZE MONEY TRANSMISSION .
This summary applies to this bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill 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.) Thebillrepealsthecurrent"MoneyTransmittersAct"andreplaces it with the "Money Transmission Modernization Act" (act).
This summary applies to this bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill e n passes third reading in the house of introduction, a bill summary that m 2 applies to the reengrossed version of this bill will be available at E n 2 U U 7 http://leg.colorado.gov.) O i c H a a Thebillrepealsthecurrent"MoneyTransmittersAct"andreplaces R M r it with the "Money Transmission Modernization Act" (act).
The new act enacts, in part, a model law developed in conjunction with the money transmitter industry.
The new act 3 enacts, in part, a model law developed in conjunction with the money transmitter industry.
g The act reduces regulatory burden by modernizing outdated and i 5 inconsistent regulatory requirements, including:
The act reduces regulatory burden by modernizing outdated and i a 2 inconsistent regulatory requirements, including:
a 0 S R , O n h Shading denotes HOUSE amendment.
E e 2 U d 5 O 2 c Shading denotes HOUSE amendment.
H d a Capital letters or bold & italic numbers indicate new material to be added to existingdlaw.
H d a Capital letters or bold & italic numbers indicate new material to be added to existing law.d M Dashes through the words or numbers indicate deletions from existing law.
Dashes through the words or numbers indicate deletions from existing law.
e A ! Clarifying the definition of "control" of a licensee and introducing a rebuttable presumption of control;
e m A ! Clarifying the definition of "control" of a licensee and introducing a rebuttable presumption of control;
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Amendments

1 amendment

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Governor Signed

  2. Signed by the President of the Senate

  3. Sent to the Governor

  4. Signed by the Speaker of the House

  5. Senate Third Reading Passed - No Amendments

  6. Senate Second Reading Passed - No Amendments

  7. Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole

  8. Introduced In Senate - Assigned to Finance

  9. House Third Reading Passed - No Amendments

  10. House Third Reading Laid Over Daily - No Amendments

  11. House Second Reading Special Order - Passed with Amendments - Committee

  12. House Committee on Finance Refer Amended to House Committee of the Whole

  13. Introduced In House - Assigned to Finance

Sponsors

Sponsorship breakdown

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3 sponsors · 1 co-sponsors · 97 not signed on

Sponsors (3)

Co-sponsors (1)

Not signed on (97)

97 members have not signed on to this bill.

Show all 97 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

BILL

Passed 33 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Democrat 20002
Republican 11000
Unaffiliated 2000
Total 33002
% of votes cast 94%0%0%6%
How each member voted (35)
Member Party Vote
Lundeen — Yea
Winter F. — Yea
Cathy Kipp Democrat Yea
Chris Kolker Democrat Yea
Dafna Michaelson Jenet Democrat Yea
Dylan Roberts Democrat Not Voting
Iman Jodeh Democrat Yea
James Coleman Democrat Yea
Janice Marchman Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Judy Amabile Democrat Yea
Julie Gonzales Democrat Yea
Katie Wallace Democrat Yea
Kyle Mullica Democrat Yea
Lindsey Daugherty Democrat Yea
Lisa Cutter Democrat Yea
Marc Snyder Democrat Yea
Matt Ball Democrat Yea
Mike Weissman Democrat Yea
Nick Hinrichsen Democrat Yea
Robert Rodriguez Democrat Yea
Tom Sullivan Democrat Yea
Tony Exum Democrat Not Voting
Barbara Kirkmeyer Republican Yea
Byron Pelton Republican Yea
Cleave Simpson Republican Yea
Janice Rich Republican Yea
John Carson Republican Yea
Larry Liston Republican Yea
Lisa Frizell Republican Yea
Marc Catlin Republican Yea
Mark Baisley Republican Yea
Rod Pelton Republican Yea
Scott Bright Republican Yea

Official roll call →

BILL

Passed 63 Yea · 1 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 4000
Democrat 40101
Republican 19000
Total 63101
% of votes cast 97%2%0%2%
How each member voted (65)
Member Party Vote
Armagost — Yea
Bird — Yea
Pugliese — Yea
Garcia Sander — Yea
Alex Valdez Democrat Yea
Amy Paschal Democrat Yea
Andrew Boesenecker Democrat Yea
Bob Marshall Democrat Yea
Brianna Titone Democrat Yea
Cecelia Espenoza Democrat Yea
Chad Clifford Democrat Yea
Eliza Hamrick Democrat Yea
Elizabeth Velasco Democrat Yea
Emily Sirota Democrat Yea
Gretchen Rydin Democrat Yea
Jacque Phillips Democrat Yea
Jamie Jackson Democrat Nay
Javier Mabrey Democrat Yea
Jennifer Bacon Democrat Yea
Jenny Willford Democrat Yea
Julie McCluskie Democrat Yea
Junie Joseph Democrat Yea
Karen McCormick Democrat Yea
Katie Stewart Democrat Yea
Kyle Brown Democrat Yea
Lesley Smith Democrat Yea
Lindsay Gilchrist Democrat Yea
Lisa Feret Democrat Yea
Lorena Garcia Democrat Yea
Mandy Lindsay Democrat Yea
Manny Rutinel Democrat Yea
Matthew Martinez Democrat Yea
Meg Froelich Democrat Yea
Meghan Lukens Democrat Yea
Michael Carter Democrat Yea
Monica Duran Democrat Yea
Naquetta Ricks Democrat Yea
Rebekah Stewart Democrat Yea
Regina English Democrat Yea
Sean Camacho Democrat Yea
Sheila Lieder Democrat Yea
Steven Woodrow Democrat Not Voting
Tammy Story Democrat Yea
Tisha Mauro Democrat Yea
William Lindstedt Democrat Yea
Yara Zokaie Democrat Yea
Anthony Hartsook Republican Yea
Brandi Bradley Republican Yea
Carlos Barron Republican Yea
Chris Richardson Republican Yea
Dan Woog Republican Yea
Dusty Johnson Republican Yea
Jarvis Caldwell Republican Yea
Ken DeGraaf Republican Yea
Larry Don Suckla Republican Yea
Mary Bradfield Republican Yea
Matt Soper Republican Yea
Max Brooks Republican Yea
Rebecca Keltie Republican Yea
Rick Taggart Republican Yea
Ron Weinberg Republican Yea
Ryan Gonzalez Republican Yea
Scott Bottoms Republican Yea
Stephanie Luck Republican Yea
Ty Winter Republican Yea

Official roll call →

Subjects

finance technology
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 25-1201 do?
The act repeals the current "Money Transmitters Act" and replaces it with the model "Money Transmission Modernization Act" (MTMA). The act adopts the MTMA in part. The act updates outdated or inconsistent regulations relating to money transmitters and money transmission services, including: Clarifying the definition of "control" of a licensee and introducing a rebuttable presumption of control; Enabling Colorado's participation in multistate licensing initiatives; Codifying the agent-to-payee exemption to licensure; Revising prudential standards required for licensing and ongoing monitoring, such as tangible net worth and permissible investment calculations; Establishing an irrevocable, standby letter of credit as a permissible investment; and Expanding the enforcement actions available in case of nonperformance by a money transmitter.(Note: This summary applies to this bill as enacted.)
Who sponsors HB 25-1201?
HB 25-1201 is sponsored by Jamie Jackson (Democrat), Larry Liston (Republican), Nick Hinrichsen (Democrat), and Bob Marshall (Democrat).
What is the current status of HB 25-1201?
This bill has been enacted into law. Introduced February 10, 2025. Enacted.
Where can I track HB 25-1201?
Track HB 25-1201 free on One Click Politics — get push/email alerts when it moves.

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