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MD HB815
MD HB815Economic Development - Maryland Financial Empowerment Center Network Pilot Program - Establishment
summary
Introduced
01/31/2024
01/31/2024
In Committee
01/31/2024
01/31/2024
Crossed Over
Passed
Dead
04/08/2024
04/08/2024
Introduced Session
2024 Regular Session
Bill Summary
Establishing the Maryland Financial Empowerment Center Network Pilot Program in the Department of Commerce; providing that the purpose of Program is to establish a statewide network of financial empowerment centers in different regions of the State; requiring each center to provide one-on-one financial counseling and coaching services free of charge; and requiring the Governor to include in the annual budget bill for fiscal years 2026 and 2027 an appropriation to the Department sufficient to cover the costs of the Pilot Program.
AI Summary
This bill establishes the Maryland Financial Empowerment Center Network Pilot Program within the Department of Commerce. The purpose of the program is to create a statewide network of financial empowerment centers that provide free one-on-one financial counseling and coaching services, including information on increasing savings, paying down debt, accessing banking, and improving credit scores, as well as tax preparation assistance. The bill requires the Governor to include appropriations in the annual budget to cover the costs of the pilot program for fiscal years 2026 and 2027, after which the program will expire unless further action is taken by the General Assembly.
Committee Categories
Budget and Finance
Sponsors (9)
Ryan Spiegel (D)*,
Linda Foley (D),
Dana Jones (D),
Aaron Kaufman (D),
Aletheia McCaskill (D),
Julie Palakovich Carr (D),
Joe Vogel (D),
Sarah Wolek (D),
Chao Wu (D),
Last Action
House Appropriations Hearing (13:00:00 3/6/2024 ) (on 03/06/2024)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0815?ys=2024RS |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0815f.pdf |
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