Legislation - SB0518

Title: Maryland Financial Empowerment Center Network Pilot Program - Establishment
Sponsored by: Senator King
Status: In the Senate - Second Reading Passed
Analysis: Fiscal and Policy Note

Synopsis

Establishing the Maryland Financial Empowerment Center Network Pilot Program within the Office of the Comptroller to establish a statewide network of financial empowerment centers in different regions of the State; requiring each center to provide one-on-one financial counseling and coaching services free of charge; and requiring the Governor to include in the annual budget bill for fiscal years 2028 and 2029 an appropriation to the Comptroller sufficient to cover the costs of the Pilot Program.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0676

Bill File Type: Regular

Effective Date(s): October 1, 2026

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber Senate Calendar Date 2/03/2026 Legislative Date 2/03/2026 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Maryland Financial Empowerment Center Network Pilot Program - Establishment Proceedings
Chamber Senate Calendar Date 2/04/2026 Legislative Date 2/04/2026 Action Hearing 2/18 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 2/05/2026 Legislative Date 2/05/2026 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 2/05/2026 Legislative Date 2/05/2026 Action Hearing 2/25 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/13/2026 Legislative Date 3/13/2026 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/13/2026 Legislative Date 2/28/2026 Action Favorable Adopted Proceedings 39 Click to view Recorded Media
Chamber Senate Calendar Date 3/13/2026 Legislative Date 2/28/2026 Action Second Reading Passed Proceedings 39 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Maryland Financial Empowerment Center Network Pilot Program - Establishment Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/03/2026	2/03/2026	First Reading Budget and Taxation
			Text - First - Maryland Financial Empowerment Center Network Pilot Program - Establishment
Senate	2/04/2026	2/04/2026	Hearing 2/18 at 1:00 p.m.
Senate	2/05/2026	2/05/2026	Hearing canceled
Senate	2/05/2026	2/05/2026	Hearing 2/25 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/13/2026	3/13/2026	Favorable Report by Budget and Taxation
Senate	3/13/2026	2/28/2026	Favorable Adopted	39 Click to view Recorded Media
Senate	3/13/2026	2/28/2026	Second Reading Passed	39 Click to view Recorded Media
			Text - Third - Maryland Financial Empowerment Center Network Pilot Program - Establishment

File Code

Subjects

Statutes