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Maryland bill would add comptroller to Small Business Retirement Savings Board
Summary
Supporters told the Economic Matters Committee adding the comptroller or a designee to the Maryland Small Business Retirement Savings Board would strengthen financial oversight and outreach; sponsors said the change has no fiscal impact and the measure already passed the Senate.
Riley Dove, testifying for the Maryland Small Business Retirement Savings Board, told the House Economic Matters Committee that House Bill 825 would add the comptroller (or the comptroller's designee) as a voting member of the board that oversees the Maryland Small Business Retirement Savings Program and Trust.
"By adding the comptroller or their designee, Maryland would be following leaders states like California, Illinois, New Jersey, and Connecticut," Dove said. She told the committee the comptroller has already been working with the board on data sharing and resource management and that HB 825 "has no fiscal impact on…
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