Legislation - SB0261

Title: Maryland Money Transmission Act - Definition of Money Transmitter - Alteration
Sponsored by: Senator Beidle
Status: In the House - Hearing 3/24 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Altering, for a certain licensing requirement, the definition of "money transmitter" under the Maryland Money Transmission Act to exclude a certain person designated as an agent of a payor for the purpose of the agent's provision of payroll processing services under certain circumstances.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Economic Matters Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber Senate Calendar Date 1/19/2026 Legislative Date 1/19/2026 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Maryland Money Transmission Act - Definition of Money Transmitter - Alteration Proceedings
Chamber Senate Calendar Date 1/21/2026 Legislative Date 1/21/2026 Action Hearing 2/05 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 2/16/2026 Legislative Date 2/16/2026 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 2/17/2026 Legislative Date 2/12/2026 Action Favorable Adopted Proceedings 23 Click to view Recorded Media
Chamber Senate Calendar Date 2/17/2026 Legislative Date 2/12/2026 Action Second Reading Passed Proceedings 23 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Maryland Money Transmission Act - Definition of Money Transmitter - Alteration Proceedings
Chamber Senate Calendar Date 2/19/2026 Legislative Date 2/14/2026 Action Third Reading Passed (41-0) Proceedings 25 Click to view Recorded Media
Chamber House Calendar Date 2/20/2026 Legislative Date 2/17/2026 Action Referred Economic Matters Proceedings 26 Click to view Recorded Media
Chamber House Calendar Date 3/19/2026 Legislative Date 3/19/2026 Action Hearing 3/24 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/19/2026	1/19/2026	First Reading Finance
			Text - First - Maryland Money Transmission Act - Definition of Money Transmitter - Alteration
Senate	1/21/2026	1/21/2026	Hearing 2/05 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	2/16/2026	2/16/2026	Favorable Report by Finance
Senate	2/17/2026	2/12/2026	Favorable Adopted	23 Click to view Recorded Media
Senate	2/17/2026	2/12/2026	Second Reading Passed	23 Click to view Recorded Media
			Text - Third - Maryland Money Transmission Act - Definition of Money Transmitter - Alteration
Senate	2/19/2026	2/14/2026	Third Reading Passed (41-0)	25 Click to view Recorded Media
House	2/20/2026	2/17/2026	Referred Economic Matters	26 Click to view Recorded Media
House	3/19/2026	3/19/2026	Hearing 3/24 at 1:00 p.m.

File Code

Subjects

Statutes