Legislation - SB0043

Title: Financial Institutions - Maryland Community Investment Venture Fund and Regulation of Entities - Revisions
Sponsored by: Chair, Finance Committee (By Request - Departmental - Labor)
Status: In the Senate - First Reading Finance
Analysis

Synopsis

Repealing certain fees charged to certain banking institutions by the Commissioner of Financial Regulation; altering certain provisions relating to the Maryland Community Investment Venture Fund, including the purpose and administration of the Fund; altering the date by which the Commissioner may match certain investments in the Fund from June 30, 2028, to June 30, 2030; altering and providing for certain assessment offset credits for certain banking institutions and credit unions; etc.

Committees

Original:: Finance

Details

Cross-filed with: HB0259

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2026

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 9/30/2025 Legislative Date 9/30/2025 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/14/2026 Legislative Date 1/14/2026 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Institutions - Maryland Community Investment Venture Fund and Regulation of Entities - Revisions Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	9/30/2025	9/30/2025	Pre-filed
Senate	1/14/2026	1/14/2026	First Reading Finance
			Text - First - Financial Institutions - Maryland Community Investment Venture Fund and Regulation of Entities - Revisions

File Code

Subjects

Statutes