SB 41 Maryland Senate · 2025 Regular Session

Maryland Small Business Retirement Savings Board - Membership - Alteration

SB 41 adds the Comptroller (or their designee) as a new permanent member to the Maryland Small Business Retirement Savings Board. This bill amends the existing membership structure under Maryland's Labor and Employment Code, replacing the prior numbering and inserting the Comptroller as a dedicated seat alongside the State Treasurer and Secretary of Labor. The change directly affects the board's composition but does not alter the board's purpose or the retirement savings program it oversees.

Bill status signed all 5 stages cleared

Introduction

Aug 2024

Committee Review

Mar 2025

Senate Passage

Apr 2025

House of Delegates Passage

Apr 2025

Signed into Law

May 2025

Introduced Aug 7, 2024 Signed May 6, 2025

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What changed between versions

First - Maryland Small Business Retirement Savings Board - Membership - Alteration → Third - Maryland Small Business Retirement Savings Board - Membership - Alteration · 4 edits

MODERATE

This bill establishes the Maryland Small Business Retirement Savings Board and defines its membership structure. The changes primarily involve formatting and organizational adjustments to the bill text, with no substantive policy modifications to the board's composition or powers.

TECHNICAL

Added committee report status, Senate action date, and second reading date to the bill header information.

Reformatted the bill title section from 'A BILL ENTITLED' to 'CHAPTER ______' format.

Reorganized the board membership section numbering and formatting while maintaining the same nine-member composition.

Added signature lines for Governor, President of the Senate, and Speaker of the House of Delegates at the end of the document.

Floor votes · Senate Jan 26, 2025 · House of Delegates Mar 16, 2025

How they voted

44–0

Passed

Total votes 44

Jan 26, 2025

D Democratic31

31 Yea

100% Yea

R Republican13

13 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 6, 2025

Signed into law

Approved by the Governor - Chapter 292

executive

Apr 2, 2025

Upper · Passed

Returned Passed

upper

Apr 1, 2025

Lower · Passed

Third Reading Passed

lower

Mar 31, 2025

Lower · Passed

Favorable Adopted Second Reading Passed

lower

Mar 31, 2025

Lower · Passed

Favorable Report by Economic Matters

lower

Mar 16, 2025

House Of Delegates · Passed

House of Delegates Vote: pass (101-32-6)

house of delegates

Jan 31, 2025

Committee

Referred Economic Matters

lower

Jan 30, 2025

Upper · Passed

Third Reading Passed

upper

Jan 28, 2025

Upper · Passed

Favorable Adopted

upper

Jan 27, 2025

Upper · Passed

Favorable Report by Budget and Taxation

upper

Jan 26, 2025

Senate · Passed

Senate Vote: pass (44-0)

senate

Jan 8, 2025

Committee

First Reading Budget and Taxation

upper

Aug 7, 2024

Introduced

Pre-filed

upper

1 primary · 0 co-sponsors