Legislation

Title: Financial Institutions - Commissioner of Financial Regulation - Banking Institution Powers
Sponsored by: Chair, Finance Committee (By Request - Departmental - Labor)
Status: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 499
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Altering the process for and circumstances under which a banking institution may engage in any additional activity, service, or other practice that is authorized for national banking associations; requiring a written notice to the Commissioner of Financial Regulation at least 45 calendar days before engaging in any additional activity; the Commissioner may prohibit certain activity or service if it is determined the performance of a certain activity would adversely affect the safety and soundness of the financial institution; etc.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Economic Matters Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2020

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 9/30/2019 Legislative Date 9/30/2019 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/08/2020 Legislative Date 1/08/2020 Action First Reading Finance Proceedings
Chamber Senate Calendar Date 12/20/2019 Legislative Date 12/20/2019 Action Hearing 1/22 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Institutions - Commissioner of Financial Regulation - Banking Institution Powers Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 1/27/2020 Legislative Date 1/27/2020 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 1/28/2020 Legislative Date 1/28/2020 Action Favorable with Amendments {667577/1 Adopted Proceedings 15 Click to view Recorded Media
Chamber Senate Calendar Date 1/28/2020 Legislative Date 1/28/2020 Action Second Reading Passed with Amendments Proceedings 15 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Financial Institutions - Commissioner of Financial Regulation - Banking Institution Powers Proceedings
Chamber Senate Calendar Date 1/30/2020 Legislative Date 1/30/2020 Action Third Reading Passed (45-0) Proceedings 17 Click to view Recorded Media
Chamber House Calendar Date 1/31/2020 Legislative Date 1/31/2020 Action Referred Economic Matters Proceedings 18 Click to view Recorded Media
Chamber House Calendar Date 3/15/2020 Legislative Date 3/15/2020 Action Hearing 3/16 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/17/2020 Legislative Date 3/17/2020 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 3/17/2020 Legislative Date 3/14/2020 Action Favorable Adopted Second Reading Passed Proceedings 51AClick to view Recorded Media
Chamber House Calendar Date 3/18/2020 Legislative Date 3/15/2020 Action Third Reading Passed (126-1) Proceedings 52 Click to view Recorded Media
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/15/2020 Action Returned Passed Proceedings 53CClick to view Recorded Media
Chamber Post Passage Calendar Date 5/08/2020 Legislative Date 5/08/2020 Action Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 499 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Financial Institutions - Commissioner of Financial Regulation - Banking Institution Powers Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	9/30/2019	9/30/2019	Pre-filed
Senate	1/08/2020	1/08/2020	First Reading Finance
Senate	12/20/2019	12/20/2019	Hearing 1/22 at 1:00 p.m.
			Text - First - Financial Institutions - Commissioner of Financial Regulation - Banking Institution Powers
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	1/27/2020	1/27/2020	Favorable with Amendments Report by Finance
Senate	1/28/2020	1/28/2020	Favorable with Amendments {667577/1 Adopted	15 Click to view Recorded Media
Senate	1/28/2020	1/28/2020	Second Reading Passed with Amendments	15 Click to view Recorded Media
			Text - Third - Financial Institutions - Commissioner of Financial Regulation - Banking Institution Powers
Senate	1/30/2020	1/30/2020	Third Reading Passed (45-0)	17 Click to view Recorded Media
House	1/31/2020	1/31/2020	Referred Economic Matters	18 Click to view Recorded Media
House	3/15/2020	3/15/2020	Hearing 3/16 at 1:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/17/2020	3/17/2020	Favorable Report by Economic Matters
House	3/17/2020	3/14/2020	Favorable Adopted Second Reading Passed	51AClick to view Recorded Media
House	3/18/2020	3/15/2020	Third Reading Passed (126-1)	52 Click to view Recorded Media
Senate	3/18/2020	3/15/2020	Returned Passed	53CClick to view Recorded Media
Post Passage	5/08/2020	5/08/2020	Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 499
			Text - Chapter - Financial Institutions - Commissioner of Financial Regulation - Banking Institution Powers

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