# Maryland SB 1008: Economic Development - Small Business Guaranty Fund - Alterations

Maryland SB 1008, Economic Development - Small Business Guaranty Fund - Alterations, is a 2025 Regular Session Senate bill sponsored by Antonio Hayes (Democratic); status signed, last action 2025-04-08 (Approved by the Governor - Chapter 4) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/MD-SB1008-2025RS
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maryland SB 1008
- State: Maryland
- Session: 2025 Regular Session
- Title: Economic Development - Small Business Guaranty Fund - Alterations
- Status: signed
- Chamber: Senate
- Introduced: 2025-02-10
- Last action: 2025-04-08, Approved by the Governor - Chapter 4
- Sponsor: Antonio Hayes (Democratic)
- Cosponsors: 0
- Subjects: Economic Development, Administrative Agencies, Checks, Commerce and Business -see also- ElectrComm; ForeignTr; etc., Credit, Escrow Accounts, Financial Institutions -see also- Banks; Credit Unions; etc., Loans -see also- Credit; Mortgages; Scholarships&SFA, Revenue and Taxes -see also- (specific tax), Small Business
- Touches household money: no
- Roll calls: 2 (174 yes, 9 no in all)
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Antonio Hayes (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-04-03 | House | Third Reading Passed | pass | 130 | 9 | 1 |
| 2025-03-17 | Senate | Third Reading Passed | pass | 44 | 0 |   |

## Actions (14)

- 2025-04-08: Approved by the Governor - Chapter 4
- 2025-04-04: Returned Passed (Senate)
- 2025-04-03: Third Reading Passed (130-9) (House)
- 2025-04-02: Favorable Adopted Second Reading Passed (House)
- 2025-04-02: Favorable Report by Ways and Means (House)
- 2025-03-17: Hearing 3/27 at 1:00 p.m. (House)
- 2025-03-17: Referred Ways and Means (House)
- 2025-03-17: Third Reading Passed (44-0) (Senate)
- 2025-03-14: Second Reading Passed with Amendments (Senate)
- 2025-03-14: Favorable with Amendments {893221/1 Adopted (Senate)
- 2025-03-14: Favorable with Amendments Report by Finance (Senate)
- 2025-03-04: Hearing 3/11 at 1:00 p.m. (Senate)
- 2025-02-21: Rereferred to Finance (Senate)
- 2025-02-10: First Reading Senate Rules (Senate)

## Bill text

- Enacted, 2025-04-08: [PDF](https://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_4_sb1008t.pdf)
- Third Reading, 2025-03-14: [PDF](https://mgaleg.maryland.gov/2025RS/bills/sb/sb1008t.pdf)
- First Reading, 2025-02-10: [PDF](https://mgaleg.maryland.gov/2025RS/bills/sb/sb1008f.pdf)

## Related bills

- SB 0227: Workers' Compensation - Payment From Uninsured Employers' Fund - Revisions (vetoed)
- HB 0482: Occupational Licensing and Certification - Criminal History - Predetermination Review Process (vetoed)
- HB 0384: Maryland Disability Service Animal Program - Established (vetoed)
- SB 0157: Maryland Disability Service Animal Program - Established (vetoed)
- HB 1294: Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization (became law)
- HB 0228: Maryland Veterans Trust – Assistance to Members of the Maryland National Guard (signed)

## Sources
- [Enacted (PDF)](https://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_4_sb1008t.pdf)
- [Third Reading (PDF)](https://mgaleg.maryland.gov/2025RS/bills/sb/sb1008t.pdf)
- [First Reading (PDF)](https://mgaleg.maryland.gov/2025RS/bills/sb/sb1008f.pdf)

## Related
- [SB 0227: Workers' Compensation - Payment From Uninsured Employers' Fund - Revisions](https://policyrisk.com/state-bill/MD-SB0227-2025RS)
- [HB 0482: Occupational Licensing and Certification - Criminal History - Predetermination…](https://policyrisk.com/state-bill/MD-HB0482-2025RS)
- [HB 0384: Maryland Disability Service Animal Program - Established](https://policyrisk.com/state-bill/MD-HB0384-2025RS)
- [SB 0157: Maryland Disability Service Animal Program - Established](https://policyrisk.com/state-bill/MD-SB0157-2025RS)
- [HB 1294: Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization](https://policyrisk.com/state-bill/MD-HB1294-2025RS)
- [HB 0228: Maryland Veterans Trust – Assistance to Members of the Maryland National Guard](https://policyrisk.com/state-bill/MD-HB0228-2025RS)
- [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-SB1008-2025RS (as of 2026-10-17).