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Bills/2023 Regular Session

HB 548

EnactedCrossfile SB 550
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Financial Regulation - Maryland Community Investment Venture Fund - Establishment (Access to Banking Act)

Sponsor: SpeakerCommittee: Economic MattersSubject: Financial InstitutionsStatus: Approved by the Governor - Chapter 432 (as of Nov 9, 2023)

What this bill does

Official synopsis

Establishing the Maryland Community Investment Venture Fund as an instrumentality of the State for purposes of developing opportunities for banking institutions and credit unions to better serve the needs of low- to moderate-income tracts; providing for certain assessment offset credits for certain banking institutions and credit unions in certain areas; authorizing the use of the Banking Institution and Credit Union Regulation Fund for certain purposes; etc.

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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.

Testimony (15)

MGA witness list
FAV 15Favorable
PositionWitnessOrganizationTestimony
FAVMcKinney, RobinlobbyistCASH CAMPAIGN OF MARYLANDWritten (PDF)
FAVBall, CalvinHoward County Office of the County ExecutiveWritten (PDF)
FAVBratsakis, JohnMD|DC Credit Union AssociationOral + Written (PDF)
FAVJabin, DrewMaryland Bankers AssociationWritten (PDF)
FAVWu, PortiaMaryland Department of LaborOral
FAVMay, LisalobbyistMaryland REALTORSWritten (PDF)
FAVEnten, RobertMd Bankers AssocOral
FAVLevine, BrianlobbyistMontgomery County Chamber of CommerceWritten (PDF)
FAVSalazar, AntonioOffice of the Commissioner of Financial RegulationOral
FAVHennen, AmyOffice of the Commissioner of Financial Regulation, Department of LaborWritten (PDF)
FAVFallon, BradOffice of the GovernorOral + Written (PDF)
FAVColeman, RyanPresident, Randallstown NAACPPosition only
FAVLooby, RamonIndividualOral
FAVSpeaker, SpeakerIndividualOral
FAVWilson Randall, ClaudiaIndividualOral + Written (PDF)

Organizations on record

CASH CAMPAIGN OF MARYLANDFAV 1
Howard County Office of the County ExecutiveFAV 1
Maryland Bankers AssociationFAV 1
Maryland Department of LaborFAV 1
Maryland REALTORSFAV 1
Md Bankers AssocFAV 1
MD|DC Credit Union AssociationFAV 1
Montgomery County Chamber of CommerceFAV 1
Office of the Commissioner of Financial RegulationFAV 1
Office of the Commissioner of Financial Regulation, Department of LaborFAV 1
Office of the GovernorFAV 1
President, Randallstown NAACPFAV 1

Registered lobbyists who testified

FAVMcKinney, RobinCASH CAMPAIGN OF MARYLANDRegistered for: CASH Campaign of Maryland
FAVMay, LisaMaryland REALTORSRegistered for: Maryland REALTORS; Maryland Association of Realtors
FAVLevine, BrianMontgomery County Chamber of CommerceRegistered for: Montgomery County Chamber of Commerce