# Maryland SB 0043: Financial Institutions - Maryland Community Investment Venture Fund and Regulation of Entities - Revisions Maryland SB 0043, Financial Institutions - Maryland Community Investment Venture Fund and Regulation of Entities - Revisions, is a 2026 Regular Session Senate bill sponsored by no sponsor on record; status signed, last action 2026-04-14 (Approved by the Governor - Chapter 132) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/MD-SB0043-2026RS - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Maryland SB 0043 - State: Maryland - Session: 2026 Regular Session - Title: Financial Institutions - Maryland Community Investment Venture Fund and Regulation of Entities - Revisions - Status: signed - Chamber: Senate - Introduced: 2025-09-30 - Last action: 2026-04-14, Approved by the Governor - Chapter 132 - Sponsors: no sponsor on record - Cosponsors: 0 - Subjects: Financial Institutions, Assessments -see also- Property Tax, Banks and Trust Companies, Community Development, Credit Unions, Cybersecurity, Emergencies -see also- Pandemics, Fees -see also- Attys' Fees; Devt Fees & Taxes, Financial Institutions -see also- Banks; Credit Unions; etc., Financial Regulation, Division of, Grants, Interest, Investments -see also- Securities, Revenue and Taxes -see also- (specific tax), Rules and Regulations, Standards and Best Practices, Treasurers - Touches household money: no - Roll calls: 2 (167 yes, 9 no in all) - Economic provisions PRIA read: 8 ## Summary No summary available. ## Bill overview: provisions PRIA read - State seed money and matching through 2030: benefit, medium. Beginning July 1, 2026, the Commissioner can spend up to $250,000 from the Banking Institution and Credit Union Regulation Fund for Fund startup and admin costs. The Commissioner can also invest up to $2,500,000 in equity to attract private investors. Through June 30, 2030, the Commissioner may mat… - Credits for Maryland Opportunity Accounts: benefit, medium. Starting July 1, 2026, well‑capitalized banks with a CAMELS rating of 1, 2, or 3 can get a $5,000 assessment credit when first approved to offer a Maryland Opportunity Account, plus $3,000 for each later year the account stays active. Well‑capitalized credit unions with at least $300,000 in assets… - Ban on fake bank or credit names: benefit, low. Starting July 1, 2026, only authorized banks and credit unions may use names or words that suggest they do banking or credit union business in Maryland. Breaking the rule is a misdemeanor with up to a $3,000 fine, up to 5 years in jail, or both. Victims also have civil remedies for deceptive market… - Cyber attacks count as bank emergencies: benefit, low. Starting July 1, 2026, a serious cybersecurity incident counts as an emergency that allows a bank or branch to close. This helps protect customers and operations during major cyber events. - New fund for low-income communities: benefit, low. Beginning July 1, 2026, Maryland creates the Community Investment Venture Fund. It uses public and private money to test and deploy new financial products and underwriting that expand access to capital in low- and moderate‑income tracts. The Commissioner sets the Fund’s governance, serves on its bo… - Small fee changes for bank filings: mixed, low. Starting July 1, 2026, a person other than a banking institution pays a nonrefundable $50 advance fee to get a certificate of valid charter. Also starting July 1, 2026, commercial banks no longer pay the $20 exam fee when filing a proposed charter amendment. - Clearer dates for bank branch credits: mixed, low. Starting July 1, 2026, a bank branch counts if it is open to the public on December 31 of the year before a credit request. A de novo branch is one first opened in that prior year and not from an acquisition or conversion. The Commissioner sets the deposit‑growth cap by December 31 before a bank as… - Updated definitions for banks and fiduciaries: mixed, low. Beginning July 1, 2026, “banking institution” means a State‑chartered bank, trust company, or savings bank. “Fiduciary institution” now explicitly includes State banking institutions and excludes persons licensed under Title 11. These updates clarify which entities follow banking and fiduciary rule… ## Sponsors and cosponsors - (none) ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-04-02 | House | Third Reading Passed | pass | 123 | 9 | 2 | | 2026-02-12 | Senate | Third Reading Passed | pass | 44 | 0 | 1 | ## Actions (13) - 2026-04-14: Approved by the Governor - Chapter 132 - 2026-04-03: Returned Passed (Senate) - 2026-04-02: Third Reading Passed (123-9) (House) - 2026-04-01: Favorable Adopted Second Reading Passed (House) - 2026-04-01: Favorable Report by Economic Matters (House) - 2026-02-13: Referred Economic Matters (House) - 2026-02-12: Third Reading Passed (44-0) (Senate) - 2026-02-10: Second Reading Passed (Senate) - 2026-02-10: Favorable Adopted (Senate) - 2026-02-09: Favorable Report by Finance (Senate) - 2026-01-20: Hearing 1/29 at 3:00 p.m. (Senate) - 2026-01-14: First Reading Finance (Senate) - 2025-09-30: Pre-filed (Senate) ## Bill text - Enacted, 2026-04-14: [PDF](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_132_sb0043t.pdf) - Third Reading, 2026-02-10: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0043t.pdf) - First Reading, 2026-01-14: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0043f.pdf) ## Related bills - SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - Authorization (became law) - SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishment (became law) - SB 0244: Code Revision - Health - Maryland Medical Assistance Program (became law) - SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-1 Specialists Act) (became law) - SB 0016: Child Support - Earnings Withholdings Limits (became law) - HB 0529: Code Revision - Health - Maryland Medical Assistance Program (became law) ## Sources - [Enacted (PDF)](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_132_sb0043t.pdf) - [Third Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0043t.pdf) - [First Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0043f.pdf) ## Related - [SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - A…](https://policyrisk.com/state-bill/MD-SB0496-2026RS) - [SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishm…](https://policyrisk.com/state-bill/MD-SB0366-2026RS) - [SB 0244: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-SB0244-2026RS) - [SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-…](https://policyrisk.com/state-bill/MD-SB0148-2026RS) - [SB 0016: Child Support - Earnings Withholdings Limits](https://policyrisk.com/state-bill/MD-SB0016-2026RS) - [HB 0529: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-HB0529-2026RS) - [Maryland bills](https://policyrisk.com/states/maryland/bills) - [Maryland state hub](https://policyrisk.com/states/maryland) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/MD-SB0043-2026RS (as of 2026-10-19).