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HB 259

EnactedCrossfile SB 43
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Financial Institutions - Maryland Community Investment Venture Fund and Regulation of Entities - Revisions

Sponsor: Chair, Economic Matters CommitteeCommittee: Economic MattersSubject: Financial InstitutionsStatus: Approved by the Governor - Chapter 131 (as of Sep 4, 2026)

What this bill does

Official synopsis

Repealing certain fees charged to certain banking institutions by the Commissioner of Financial Regulation; altering certain provisions relating to the Maryland Community Investment Venture Fund, including the purpose and administration of the Fund; altering the date by which the Commissioner may match certain investments in the Fund from June 30, 2028, to June 30, 2030; altering and providing for certain assessment offset credits for certain banking institutions and credit unions; 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 (14)

MGA witness list
FAV 13FavorableINFO 1Information only
PositionWitnessOrganizationTestimony
FAVMoore, TonaeyalobbyistCASH Campaign of MarylandOral + Written (PDF)
FAVWhite, MarcelinelobbyistEconomic Action MarylandWritten (PDF)
FAVIoffreda, FrancescaExecutive Office of the Governor - State of MarylandOral + Written (PDF)
FAVBratsakis, JohnMD|DC Credit Union AssociationOral
FAVEdwards, TishaMaryland Bankers AssociationOral + Written (PDF)
FAVClampett, StephenMaryland Office of Financial RegulationOral
FAVHennen, AmyOffice of Financial Regulation, Maryland Department of LaborWritten (PDF)
FAVSalazar, AntonioOffice of the Commissioner of Financial RegulationOral
FAVSprouse, MichaelState of Maryland - The Office of Financial RegulationOral
FAVKaplowitz, Richard KAPYearWritten (PDF)
FAVBarnes, AndreaIndividualWritten (PDF)
FAVChair, Economic Matters Committee, Chair, Economic Matters CommitteeIndividualOral
FAVMurray, RorylobbyistIndividualWritten (PDF)
INFOHarris, Mrs.IndividualPosition only

Organizations on record

Registered lobbyists who testified

FAVMoore, TonaeyaCASH Campaign of MarylandRegistered for: CASH Campaign of Maryland
FAVWhite, MarcelineEconomic Action MarylandRegistered for: Maryland Consumer Rights Coalition DBA Economic Action Maryland; Maryland Consumer Rights Coalition
FAVMurray, 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