STATE BILLMD SB 920PASSED

Economic Development - Small, Minority, and Women-Owned Business Accounts - Management Fees (Small Business Increased Access to Capital Act)

Authorizing the Department of Commerce to authorize an eligible fund manager to receive, use, and retain a certain management fee; and authorizing the Department to set an annual cap on the cumulative amount of certain management fees an eligible fund manager may receive.

Status: Passed; Signed or otherwise enacted
Status date: May 12, 2026; 184 days ago
Current chamber: Senate
Session: 2026 Regular Session

MD SB 920 · PassedMay 12

Follow the legislation that affects what you sell.

Get started free

Free account · 30-second setup · No credit card

Prefer ChatGPT or Claude? Ask Civic IQ about this bill →

What it means for vendors

Civic IQ reads each bill for what it would fund, require or change for the agencies that buy.

What this bill would fund or requireThe spending and mandates in the bill, in plain languageTop matches free Why it matters for what you sellMatched to your products, with how to open the conversationTop matches free 1 signal from this bill in Civic IQSee them free →

Bill details

Last action: Approved by the Governor - Chapter 392 · May 12, 2026

Bill history

Newest first.

May 12, 2026Approved by the Governor - Chapter 392Senate

Apr 13, 2026Returned PassedSenate

Apr 13, 2026Third Reading Passed (123-13)House

Apr 8, 2026Second Reading PassedHouse

Apr 8, 2026Favorable AdoptedHouse

Apr 8, 2026Favorable Report by Economic MattersHouse

Mar 20, 2026Referred Economic MattersHouse

Mar 19, 2026Third Reading Passed (45-0)Senate

Show 5 earlier actions

Mar 17, 2026Second Reading Passed with AmendmentsSenate

Mar 17, 2026Favorable with Amendments {373229/1 AdoptedSenate

Mar 16, 2026Favorable with Amendments Report by FinanceSenate

Feb 12, 2026Hearing 3/05 at 1:00 p.m.Senate

Feb 6, 2026First Reading FinanceSenate

Recorded votes

Third Reading PassedMar 19, 2026 · Senate · 45 yea · 0 nayPassed

Third Reading PassedApr 13, 2026 · House · 123 yea · 13 nayPassed

Subjects

Economic Development
Commerce and Business
Commerce, Department of
Fees
Minorities
Small Business
Standards and Best Practices
Women

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.

View on the legislature's site View on LegiScan

Bill data from LegiScan, licensed under CC BY 4.0.

Work in government? Get Civic IQ free →

State of Maryland profile →

Economic Development - Small, Minority, and Women-Owned Business Accounts - Management Fees (Small Business Increased Access to Capital Act)

What it means for vendors

Bill details

Sponsors

Bill history

Recorded votes

Subjects

Read the bill at the source

Start finding government buyers today.
It's free.

Economic Development - Small, Minority, and Women-Owned Business Accounts - Management Fees (Small Business Increased Access to Capital Act)

What it means for vendors

Bill details

Sponsors

Bill history

Recorded votes

Subjects

Read the bill at the source

Start finding government buyers today.It's free.

Start finding government buyers today.
It's free.