| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW. | |
| 4 | 4 | [Brackets] indicate matter deleted from existing law. | |
| 5 | - | Underlining indicates amendments to bill. | |
| 6 | - | Strike out indicates matter stricken from the bill by amendment or deleted from the law by | |
| 7 | - | amendment. | |
| 8 | 5 | *hb0825* | |
| 9 | 6 | ||
| 10 | 7 | HOUSE BILL 825 | |
| 11 | 8 | K3 5lr0667 | |
| 12 | 9 | CF SB 41 | |
| 13 | 10 | By: Delegate Pena–Melnyk | |
| 14 | 11 | Introduced and read first time: January 29, 2025 | |
| 15 | 12 | Assigned to: Economic Matters | |
| 16 | - | Committee Report: Favorable | |
| 17 | - | House action: Adopted | |
| 18 | - | Read second time: February 20, 2025 | |
| 19 | 13 | ||
| 20 | - | ||
| 14 | + | A BILL ENTITLED | |
| 21 | 15 | ||
| 22 | 16 | AN ACT concerning 1 | |
| 23 | 17 | ||
| 24 | 18 | Maryland Small Business Retirement Savings Board – Membership – Alteration 2 | |
| 25 | 19 | ||
| 26 | 20 | FOR the purpose of adding the Comptroller, or the Comptroller’s designee, as a member to 3 | |
| 27 | 21 | the Maryland Small Business Retirement Savings Board; and generally relating to 4 | |
| 28 | 22 | the membership of the Maryland Small Business Retirement Savings Board. 5 | |
| 29 | 23 | ||
| 30 | 24 | BY repealing and reenacting, without amendments, 6 | |
| 31 | 25 | Article – Labor and Employment 7 | |
| 32 | 26 | Section 12–201(a)(1) 8 | |
| 33 | 27 | Annotated Code of Maryland 9 | |
| 34 | 28 | (2016 Replacement Volume and 2024 Supplement) 10 | |
| 35 | 29 | ||
| 36 | 30 | BY repealing and reenacting, with amendments, 11 | |
| 37 | 31 | Article – Labor and Employment 12 | |
| 38 | 32 | Section 12–201(b) 13 | |
| 39 | 33 | Annotated Code of Maryland 14 | |
| 40 | 34 | (2016 Replacement Volume and 2024 Supplement) 15 | |
| 41 | 35 | ||
| 42 | 36 | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 16 | |
| 43 | 37 | That the Laws of Maryland read as follows: 17 | |
| 44 | 38 | ||
| 45 | 39 | Article – Labor and Employment 18 | |
| 46 | 40 | ||
| 47 | 41 | 12–201. 19 | |
| 42 | + | ||
| 43 | + | (a) (1) There is a Maryland Small Business Retirement Savings Board. 20 | |
| 44 | + | ||
| 45 | + | (b) The Board consists of the following members: 21 | |
| 46 | + | ||
| 47 | + | (1) the State Treasurer, or the State Treasurer’s designee; 22 | |
| 48 | 48 | 2 HOUSE BILL 825 | |
| 49 | 49 | ||
| 50 | 50 | ||
| 51 | - | ( | |
| 51 | + | (2) the Secretary of Labor, or the Secretary’s designee; [and] 1 | |
| 52 | 52 | ||
| 53 | - | ( | |
| 53 | + | (3) THE COMPTROLLER , OR THE COMPTROLLER ’S DESIGNEE; AND 2 | |
| 54 | 54 | ||
| 55 | - | (1) the State Treasurer, or the State Treasurer’s designee; 3 | |
| 55 | + | [(3)] (4) nine members with expertise in retirement programs and 3 | |
| 56 | + | benefits, investments, financial systems and controls, or small business, appointed as 4 | |
| 57 | + | follows: 5 | |
| 56 | 58 | ||
| 57 | - | ( | |
| 59 | + | (i) three members, appointed by the Governor; 6 | |
| 58 | 60 | ||
| 59 | - | ( | |
| 61 | + | (ii) three members, appointed by the President of the Senate; and 7 | |
| 60 | 62 | ||
| 61 | - | [(3)] (4) nine members with expertise in retirement programs and 6 | |
| 62 | - | benefits, investments, financial systems and controls, or small business, appointed as 7 | |
| 63 | - | follows: 8 | |
| 63 | + | (iii) three members, appointed by the Speaker of the House of 8 | |
| 64 | + | Delegates. 9 | |
| 64 | 65 | ||
| 65 | - | (i) three members, appointed by the Governor; 9 | |
| 66 | - | ||
| 67 | - | (ii) three members, appointed by the President of the Senate; and 10 | |
| 68 | - | ||
| 69 | - | (iii) three members, appointed by the Speaker of the House of 11 | |
| 70 | - | Delegates. 12 | |
| 71 | - | ||
| 72 | - | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 13 | |
| 73 | - | October 1, 2025. 14 | |
| 74 | - | ||
| 75 | - | ||
| 76 | - | ||
| 77 | - | Approved: | |
| 78 | - | ________________________________________________________________________________ | |
| 79 | - | Governor. | |
| 80 | - | ________________________________________________________________________________ | |
| 81 | - | Speaker of the House of Delegates. | |
| 82 | - | ________________________________________________________________________________ | |
| 83 | - | President of the Senate. | |
| 66 | + | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 10 | |
| 67 | + | October 1, 2025. 11 |