MD HB1403 | 2020 | Regular Session


Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 7 2020 - 25% progression
Action: 2020-03-12 - Unfavorable Report by Economic Matters
Text: Latest bill text (Introduced) [PDF]


Prohibiting certain State banks and credit unions from providing financing for or investing in certain securities of an institution, a company, or a subsidiary that owns a private correctional facility or contracts as a private contractor or vendor for the ownership, operation, or management of a State correctional facility, local correctional facility, or county detention center.

Tracking Information

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Financial Institutions - State Banks - Investing in For-Profit Correctional Facilities - Prohibited



2020-03-12HouseUnfavorable Report by Economic Matters
2020-02-10HouseHearing 3/06 at 1:00 p.m.
2020-02-07HouseFirst Reading Economic Matters


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Financial Institutions1101(n/a)See Bill Text
Financial Institutions5503.1(n/a)See Bill Text
Financial Institutions6101(n/a)See Bill Text
Financial Institutions6705(n/a)See Bill Text

Maryland State Sources

Bill Comments