Bill
Bill > HB917
summary
Introduced
01/31/2025
01/31/2025
In Committee
03/12/2025
03/12/2025
Crossed Over
03/11/2025
03/11/2025
Passed
Dead
04/08/2025
04/08/2025
Introduced Session
2025 Regular Session
Bill Summary
Increasing, from $100 to $250, the fee that a person required to submit a filing in accordance with a certain exemption is required to pay; and increasing, from $100 to $250, the fee that a person required to submit a notice of offer or sale of certain federal covered securities is required to pay.
AI Summary
This bill amends the Maryland Securities Act to increase various filing fees for securities-related transactions. Specifically, the bill raises the fee for filings under a specific exemption from $100 to $250, increases the fee for initial notices of federal covered securities offers from $100 to $250, and introduces a new $300 fee for each amended filing of federal covered securities. The bill maintains the existing requirement that persons registering securities pay a fee of 0.1 percent of the maximum aggregate offering price, with a minimum of $500 and a maximum of $1,500. These changes are designed to update the fee structure for securities filings in Maryland, potentially generating more revenue for the state's regulatory oversight of securities transactions. The bill is set to take effect on October 1, 2025, giving businesses and regulators time to prepare for the new fee schedule.
Committee Categories
Business and Industry, Justice
Sponsors (1)
Last Action
Senate Judicial Proceedings Hearing (13:00:00 3/27/2025 ) (on 03/27/2025)
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/HB0917?ys=2025RS |
BillText | https://mgaleg.maryland.gov/2025RS/bills/hb/hb0917t.pdf |
Favorable with Amendments 373625/1 Adopted | https://mgaleg.maryland.gov/2025RS/amds/bil_0007/hb0917_37362501.pdf |
Vote Image | https://mgaleg.maryland.gov/2025RS/votes_comm/hb0917_ecm.pdf |
BillText | https://mgaleg.maryland.gov/2025RS/bills/hb/hb0917f.pdf |
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