2025 Regular SessionMaryland Legislature

HB992: Business Regulation - Maryland Franchise Registration and Disclosure Law - Alterations (Franchise Reform Act)

Legislative Summary

Altering the period of time within which the Securities Commissioner in the Office of the Attorney General may exercise a power under certain provisions of law governing the sale of franchises; altering the period of time within which an action for liability under a certain provision of law pertaining to franchise offers for sale must be brought; prohibiting a franchisor and certain others from inhibiting the right of franchisees to associate for certain purposes; etc.

Demographic Impact

Overall analysis of equity impact

70% Positive
Medium ConfidenceView detailed demographic breakdown ↓

Unlock Full Demographic Insights

Go beyond the overall score.

Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.

Enable full analysis features for your organization.

Contact Sales to Learn More

Or email us directly at sales@legiequity.us.

Bill History

1/31/2025
First Reading Economic Matters
House of Delegates
2/4/2025
Hearing 2/19 at 1:00 p.m.
House of Delegates
3/15/2025
Favorable with Amendments Report by Economic Matters
House of Delegates
3/15/2025
Favorable with Amendments {363627/1 Adopted
House of Delegates
3/15/2025
Second Reading Passed with Amendments
House of Delegates
3/17/2025
Third Reading Passed (137-0)
House of Delegates
3/17/2025
Referred Finance
Senate
3/18/2025
Hearing 3/25 at 1:00 p.m.
Senate

Amendments

Favorable with Amendments 363627/1 Adopted

Favorable with Amendments 363627/1 Adopted

3/15/2025Adopted

Roll Call Votes

Third Reading Passed
3/17/2025
137
Yea
0
Nay
2
Not Voting
2
Absent
Result: PASSED

Status Information

Current Status
Engrossed(3/17/2025)
Chamber
Senate
Committee
Finance(Senate)

Sponsors

Democrat: 1

Primary Sponsor

Marc Korman
Marc Korman
Democrat

Documents

Engrossed
Bill Text3/15/2025156.8 KB
Introduced
Bill Text1/31/2025125.4 KB
Vote Image
Vote Image1/1/197038.9 KB