---
type: "Bill"
title: "Security Token Offerings State Capital Financing"
description: "In the capital financing context generally and as defined in section 2 of the act:"
jurisdiction: "us/states/co"
legislature: "Colorado General Assembly"
session: "2022A"
identifier: "SB 22-025"
citation: "Colorado SB 22-025 (2022A)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Chris Hansen", "Julie McCluskie", "Shannon Bird"]
version_count: 11
action_count: 16
vote_count: 4
first_action: "2022-01-12T07:00:00+00:00"
last_action: "2022-06-07T06:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/dbfaf5bb-99c9-4745-91fc-13b7057f09e9"
source_url: "https://leg.colorado.gov/bills/sb22-025"
source_hash: "fd0c41f5f1cc7b439c3eb6e464a119cc1a1116fc3c750b45d624172f4c386f90"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-co"]
---

# Colorado SB 22-025 (2022A) — Security Token Offerings State Capital Financing

In the capital financing context generally and as defined in section 2 of the act:

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Committee Amendment** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2022a_sb025_h_app_005.pdf)
2. **Engrossed (03/11/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_025_eng.pdf)
3. **Final Act (05/17/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_025_enr.pdf)
4. **Introduced (01/12/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_025_01.pdf)
5. **PA1 (03/11/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_025_s_app_01.pdf)
6. **PA2 (04/05/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_025_h_fin_01.pdf)
7. **PA3 (05/05/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_025_h_fin_app_02.pdf)
8. **Reengrossed (03/14/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_025_ren.pdf)
9. **Rerevised (05/10/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_025_rer.pdf)
10. **Revised (05/05/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_025_rev.pdf)
11. **Signed Act (06/07/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2022a_025_signed.pdf)

## Votes

- CONCUR — **35–0** (pass) · upper
- BILL — **34–0** (pass) · upper
- BILL — **41–23** (pass) · lower
- REPASS — **35–0** (pass) · upper

## Sponsors

- Chris Hansen — primary (person)
- Julie McCluskie — primary (person)
- Shannon Bird — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2022-06-07T06:00:00+00:00** Governor Signed `executive-signature`
- **2022-05-17T06:00:00+00:00** Signed by the Speaker of the House
- **2022-05-17T06:00:00+00:00** Sent to the Governor `executive-receipt`
- **2022-05-17T06:00:00+00:00** Signed by the President of the Senate
- **2022-05-10T06:00:00+00:00** Senate Considered House Amendments - Result was to Concur - Repass
- **2022-05-10T06:00:00+00:00** House Third Reading Passed - No Amendments `passage, reading-3`
- **2022-05-06T06:00:00+00:00** House Third Reading Laid Over Daily - No Amendments
- **2022-05-05T06:00:00+00:00** House Committee on Appropriations Refer Amended to House Committee of the Whole `committee-passage, referral-committee`
- **2022-05-05T06:00:00+00:00** House Second Reading Special Order - Passed with Amendments - Committee
- **2022-04-04T06:00:00+00:00** House Committee on Finance Refer Amended to Appropriations `referral-committee`
- **2022-03-14T06:00:00+00:00** Introduced In House - Assigned to Finance `introduction`
- **2022-03-14T06:00:00+00:00** Senate Third Reading Passed - No Amendments `passage, reading-3`
- **2022-03-11T07:00:00+00:00** Senate Second Reading Special Order - Passed with Amendments - Committee
- **2022-03-11T07:00:00+00:00** Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole `committee-passage`
- **2022-02-09T07:00:00+00:00** Senate Committee on Finance Refer Unamended to Appropriations `referral-committee`
- **2022-01-12T07:00:00+00:00** Introduced In Senate - Assigned to Finance `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/dbfaf5bb-99c9-4745-91fc-13b7057f09e9`. Confidence: reported (aggregated from official Colorado legislature records).