MD HB798 | 2026 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 1)
Status: Passed on May 12 2026 - 100% progression
Action: 2026-05-12 - Approved by the Governor - Chapter 391
Text: Latest bill text (Chaptered) [PDF]
Sponsorship: Partisan Bill (Democrat 1)
Status: Passed on May 12 2026 - 100% progression
Action: 2026-05-12 - Approved by the Governor - Chapter 391
Text: Latest bill text (Chaptered) [PDF]
Summary
Authorizing the Department of Commerce to authorize an eligible fund manager to receive, use, and retain a certain management fee; and authorizing the Department to set an annual cap on the cumulative amount of certain management fees an eligible fund manager may receive.
Title
Economic Development - Small, Minority, and Women-Owned Business Accounts - Management Fees (Small Business Increased Access to Capital Act)
Sponsors
| Del. Sarah Wolek [D] |
Roll Calls
2026-04-10 - House - Third Reading Passed (Y: 126 N: 6 NV: 4 Abs: 5) [PASS]
2026-04-09 - Senate - Third Reading Passed (Y: 42 N: 0 NV: 1 Abs: 4) [PASS]
2026-03-12 - House - Third Reading Passed (Y: 124 N: 9 NV: 3 Abs: 5) [PASS]
2026-04-09 - Senate - Third Reading Passed (Y: 42 N: 0 NV: 1 Abs: 4) [PASS]
2026-03-12 - House - Third Reading Passed (Y: 124 N: 9 NV: 3 Abs: 5) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2026-05-12 | House | Approved by the Governor - Chapter 391 |
| 2026-04-10 | House | Passed Enrolled |
| 2026-04-10 | House | Third Reading Passed (126-6) |
| 2026-04-10 | House | House Concurs Senate Amendments |
| 2026-04-09 | Senate | Third Reading Passed (42-0) |
| 2026-04-09 | Senate | Second Reading Passed with Amendments |
| 2026-04-09 | Senate | Favorable with Amendments {173727/1 Adopted |
| 2026-04-09 | Senate | Favorable with Amendments Report by Finance |
| 2026-03-13 | Senate | Referred Finance |
| 2026-03-12 | House | Third Reading Passed (124-9) |
| 2026-03-11 | House | Favorable Adopted Second Reading Passed |
| 2026-03-10 | House | Favorable Report by Economic Matters |
| 2026-02-09 | House | Hearing 2/24 at 1:00 p.m. |
| 2026-02-04 | House | First Reading Economic Matters |
Same As/Similar To
SB920 (Crossfiled) 2026-05-12 - Approved by the Governor - Chapter 392
Subjects
Commerce and Business
Commerce, Department of
Economic Development
Fees
Minorities
Small Business
Standards and Best Practices
Women
Commerce, Department of
Economic Development
Fees
Minorities
Small Business
Standards and Best Practices
Women
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Economic Development | 5 | 1501 | (n/a) | See Bill Text |
