SB0662 — Financial Institutions - Payment Stablecoin Services - Establishment and Regulation (Maryland Stablecoin Act)
Last action — Committee Report (House of Origin) — Favorable
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House of Delegates
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 06, 2026. Enacted.
Odds of enactment
High chanceBased on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.
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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (1 D).
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Cleared a recorded vote
Passed 2 recorded votes so far.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
Altering the examination fee for a new commercial bank charter; requiring a certain nondepository trust company to include certain disclosures in its articles of incorporation; exempting from certain provisions of law a certain nondepository trust company authorized to provide certain services by the Commissioner of Financial Regulation; authorizing a certain nondepository trust company to request that the Commissioner reduce the capital stock requirements under certain circumstances; etc.
Bill Text
We don't have the full text on file for this bill yet.
Read SB0662 on the official Maryland source →Action History
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Committee Report (House of Origin) — Favorable
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First Reading (Opposite House)
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Third Reading (House of Origin) — Passed
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Hearing (Primary, House of Origin)
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Second Reading (House of Origin) — Passed
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First Reading (House of Origin)
Sponsors
- Senator Benjamin F. Kramer · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 187 not signed on
Sponsors (1)
- Senator Benjamin F. Kramer Democrat
Co-sponsors (0)
None.
Not signed on (187)
187 members have not signed on to this bill.
Show all 187 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 12 | 0 | 0 | 2 |
| Democrat | 87 | 0 | 0 | 6 |
| Republican | 29 | 0 | 0 | 5 |
| Total | 128 | 0 | 0 | 13 |
| % of votes cast | 91% | 0% | 0% | 9% |
How each member voted (141)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 6 | 0 | 0 | 0 |
| Democrat | 27 | 0 | 0 | 2 |
| Republican | 12 | 0 | 0 | 0 |
| Total | 45 | 0 | 0 | 2 |
| % of votes cast | 96% | 0% | 0% | 4% |
How each member voted (47)
Subjects
Frequently asked questions
- What does SB0662 do?
- Altering the examination fee for a new commercial bank charter; requiring a certain nondepository trust company to include certain disclosures in its articles of incorporation; exempting from certain provisions of law a certain nondepository trust company authorized to provide certain services by the Commissioner of Financial Regulation; authorizing a certain nondepository trust company to request that the Commissioner reduce the capital stock requirements under certain circumstances; etc.
- Who sponsors SB0662?
- SB0662 is sponsored by Senator Benjamin F. Kramer (Democrat).
- What is the current status of SB0662?
- This bill has been enacted into law. Introduced February 06, 2026. Enacted.
- Where can I track SB0662?
- Track SB0662 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 1 day ago · updated continuously
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