Legislation - SB0662

Title: Financial Institutions - Payment Stablecoin Services - Establishment and Regulation (Maryland Stablecoin Act)
Sponsored by: Senator Kramer
Status: In the Senate - Favorable Report by Finance
Analysis: Fiscal and Policy Note

Synopsis

Altering the examination fee for a new commercial bank charter; requiring a certain nondepository trust company to include certain disclosures in its articles of incorporation; exempting from certain provisions of law a certain nondepository trust company authorized to provide certain services by the Commissioner of Financial Regulation; authorizing a certain nondepository trust company to request that the Commissioner reduce the capital stock requirements under certain circumstances; etc.

Committees

Original:: Finance Click to view Recorded Media

Details

Cross-filed with: HB1355

Bill File Type: Regular

Effective Date(s): January 1, 2027

History

Legislation History
Chamber Senate Calendar Date 2/06/2026 Legislative Date 2/06/2026 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Financial Institutions - Payment Stablecoin Services - Establishment and Regulation (Maryland Stablecoin Act) Proceedings
Chamber Senate Calendar Date 2/11/2026 Legislative Date 2/11/2026 Action Hearing 2/26 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 3/09/2026 Legislative Date 3/09/2026 Action Favorable Report by Finance Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/06/2026	2/06/2026	First Reading Finance
			Text - First - Financial Institutions - Payment Stablecoin Services - Establishment and Regulation (Maryland Stablecoin Act)
Senate	2/11/2026	2/11/2026	Hearing 2/26 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/09/2026	3/09/2026	Favorable Report by Finance

File Code

Subjects

Statutes