STATE BILLMD SB 662PASSED

Financial Institutions - Payment Stablecoin Services - Establishment and Regulation (Maryland Stablecoin Act)

State of Maryland

Altering the examination fee for a new commercial bank charter; requiring a certain nondepository trust company to include certain disclosures in its articles of incorporation; exempting from certain provisions of law a certain nondepository trust company authorized to provide certain services by the Commissioner of Financial Regulation; authorizing a certain nondepository trust company to request that the Commissioner reduce the capital stock requirements under certain circumstances; etc.

Status
Passed
Signed or otherwise enacted
Status date
May 12, 2026
184 days ago
Current chamber
Senate
Session
2026 Regular Session
MD SB 662 · PassedMay 12

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Bill details

Last action
Approved by the Governor - Chapter 513 · May 12, 2026

Sponsor

BKBenjamin KramerSenator · Democrat · SD-019Primary sponsor

Bill history

Newest first.

May 12, 2026Approved by the Governor - Chapter 513Senate
Apr 9, 2026Returned PassedSenate
Apr 8, 2026Third Reading Passed (128-0)House
Apr 8, 2026Favorable Adopted Second Reading PassedHouse
Apr 8, 2026Favorable Report by Economic MattersHouse
Mar 13, 2026Referred Economic MattersHouse
Mar 12, 2026Third Reading Passed (45-0)Senate
Mar 10, 2026Second Reading PassedSenate
Show 4 earlier actions
Mar 10, 2026Favorable AdoptedSenate
Mar 9, 2026Favorable Report by FinanceSenate
Feb 11, 2026Hearing 2/26 at 1:00 p.m.Senate
Feb 6, 2026First Reading FinanceSenate

Recorded votes

Third Reading PassedMar 12, 2026 · Senate · 45 yea · 0 nayPassed
Third Reading PassedApr 8, 2026 · House · 128 yea · 0 nayPassed

Subjects

  • Financial Institutions
  • Banks and Trust Companies
  • Commerce and Business
  • Cryptocurrency
  • Disclosure
  • Fees
  • Financial Regulation, Division of
  • Rules and Regulations
  • Standards and Best Practices
  • Technology

Read the bill at the source

This page follows the bill as the legislature records it. For the bill's full text and the official record, use the legislature's own site.

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