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HB 1204

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Financial Institutions - Decentralized Financial Regulatory Sandbox Program

Sponsor: Robin L. Grammer, Jr. (District 6)Committee: Economic MattersSubject: Financial InstitutionsStatus: Unfavorable Report by Economic Matters (as of Nov 15, 2022)

What this bill does

Official synopsis

Establishing the Decentralized Financial Regulatory Sandbox Program to facilitate limited access to the financial market in the State in order to test certain products or services without obtaining a license or other authorization.

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Testimony (5)

MGA witness list
FAV 1FavorableUNF 2UnfavorableINFO 2Information only
PositionWitnessOrganizationTestimony
FAVDelegate Grammer, Delegate GrammerlegislatorIndividualOral
UNFMeeks, WilsonMaryland Attorney General's Office, Consumer Protection DivisionWritten (PDF)
UNFMurray, RorylobbyistIndividualOral + Written (PDF)
INFOFulginiti, AndrewMDOLWritten (PDF)
INFOKnight, BrianMercatus Center at George Mason UniversityWritten (PDF)

Organizations on record

Registered lobbyists who testified

UNFMurray, RoryRegistered for: Alliance to Prevent Legionnaire's Disease; American Council of Engineering Companies/MD; Association of Independent Maryland and D.C. Schools; Chesapeake Watershed Restoration Professionals; Kaiser Permanente; Lightstar Renewables