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MD SB41

Bill

Status

Passed

5/6/2025

Primary Sponsor

Jim Rosapepe

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Adds the Comptroller, or the Comptroller's designee, as a new member to the Maryland Small Business Retirement Savings Board

  • Expands the Board's ex-officio membership from two state officials (State Treasurer and Secretary of Labor) to three

  • Retains the existing nine appointed members with expertise in retirement programs, investments, financial systems, or small business (three appointed each by the Governor, President of the Senate, and Speaker of the House)

  • Takes effect October 1, 2025

Legislative Description

Maryland Small Business Retirement Savings Board - Membership - Alteration

Comptroller

Last Action

Approved by the Governor - Chapter 292

5/6/2025

Committee Referrals

Economic Matters1/31/2025
Budget and Taxation1/8/2025

Full Bill Text

No bill text available