MA H1349

Creates a Microbusiness and Small Business Banking Access Advisory Board, chaired by the Secretary of Economic Development, to identify opportunities to improve banking access for underserved small businesses and socially/economically disadvantaged enterprises

Establishes a Special Legislative Commission to study and improve access to commercial insurance for microbusinesses and small businesses, co-chaired by the Joint Committee on Community Development and Small Business

Both bodies include approximately 25 members representing state agencies, legislative caucuses, community development organizations, CDFIs, and governor/treasurer appointees with expertise in reducing gender, racial, and economic disparities

Advisory board and commission must review state/federal programs, analyze other states' approaches, examine existing economic development programs, and recommend policies to improve access

Reports with recommendations due to the legislature by June 1, 2026