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Bills/2023 Regular Session

SB 550

EnactedCrossfile HB 548
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Financial Regulation - Maryland Community Investment Venture Fund - Establishment (Access to Banking Act)

Sponsor: PresidentCommittee: FinanceSubject: Financial InstitutionsStatus: Approved by the Governor - Chapter 433 (as of Nov 9, 2023)

What this bill does

Official synopsis

Establishing the Maryland Community Investment Venture Fund as an instrumentality of the State to develop 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 (16)

MGA witness list
FAV 15FavorableUNF 1Unfavorable
PositionWitnessOrganizationTestimony
FAVMcKinney, RobinlobbyistCASH CAMPAIGN OF MARYLANDWritten (PDF)
FAVBall, County Executive CalvinHoward County GovernmentOral + Written (PDF)
FAVBratsakis, JohnMD|DC Credit Union AssociationOral + Written (PDF)
FAVJabin, DrewMaryland Bankers AssociationWritten (PDF)
FAVWu, PortiaMaryland Department of LaborOral
FAVBogdan, HenrylobbyistMaryland NonprofitsPosition only
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)
FAVLooby, RamonIndividualOral
FAVPresident, PresidentIndividualOral
FAVWilson Randall, ClaudiaIndividualWritten (PDF)
UNFWest, DerekIndividualPosition only

Organizations on record

CASH CAMPAIGN OF MARYLANDFAV 1
Howard County GovernmentFAV 1
Maryland Bankers AssociationFAV 1
Maryland Department of LaborFAV 1
Maryland NonprofitsFAV 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

Registered lobbyists who testified

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