MD SB920 | 2026 | Regular Session
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 3)
Status: Passed on May 12 2026 - 100% progression
Action: 2026-05-12 - Approved by the Governor - Chapter 392
Text: Latest bill text (Chaptered) [PDF]
Sponsorship: Partisan Bill (Democrat 3)
Status: Passed on May 12 2026 - 100% progression
Action: 2026-05-12 - Approved by the Governor - Chapter 392
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
Roll Calls
2026-04-13 - House - Third Reading Passed (Y: 123 N: 13 NV: 4 Abs: 1) [PASS]
2026-03-19 - Senate - Third Reading Passed (Y: 45 N: 0 NV: 0 Abs: 2) [PASS]
2026-03-19 - Senate - Third Reading Passed (Y: 45 N: 0 NV: 0 Abs: 2) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2026-05-12 | Senate | Approved by the Governor - Chapter 392 |
| 2026-04-13 | Senate | Returned Passed |
| 2026-04-13 | House | Third Reading Passed (123-13) |
| 2026-04-08 | House | Second Reading Passed |
| 2026-04-08 | House | Favorable Adopted |
| 2026-04-08 | House | Favorable Report by Economic Matters |
| 2026-03-20 | House | Referred Economic Matters |
| 2026-03-19 | Senate | Third Reading Passed (45-0) |
| 2026-03-17 | Senate | Second Reading Passed with Amendments |
| 2026-03-17 | Senate | Favorable with Amendments {373229/1 Adopted |
| 2026-03-16 | Senate | Favorable with Amendments Report by Finance |
| 2026-02-12 | Senate | Hearing 3/05 at 1:00 p.m. |
| 2026-02-06 | Senate | First Reading Finance |
Same As/Similar To
HB798 (Crossfiled) 2026-05-12 - Approved by the Governor - Chapter 391
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 |
