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HB 542

EnactedCrossfile SB 954
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State Retirement and Pension System - Use of Minority and Women-Owned Business Enterprises (Diversity Among Asset Managers Act of 2022)

Sponsor: Delegate Lewis, J.Committee: AppropriationsSubject: State Government - Pensions and RetirementStatus: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 641 (as of Nov 15, 2022)

What this bill does

Official synopsis

Requiring the Investment Committee of the State Retirement Agency to assess the use of minority business enterprises beginning July 1, 2022, and each fiscal year thereafter; requiring a certain certification agency, in consultation with certain entities, to evaluate whether remedial measures are needed to comply with a certain court opinion and any subsequent federal or constitutional requirements; etc.

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Testimony (5)

MGA witness list
FAV 2FavorableINFO 3Information only
PositionWitnessOrganizationTestimony
FAVDelegate Lewis, J., Delegate Lewis, J.legislatorIndividualOral
FAVLewis, Delegate JazzIndividualWritten (PDF)
INFOPalmer, AndrewMaryland State Retirement AgencyWritten (PDF)
INFONoven, MartinMaryland State Retirement and Pension SystemOral
INFOGawthrop, AnneState Retirement and Pension SystemOral

Organizations on record