---
type: "Bill"
title: "Maryland Pension Risk Mitigation Act"
description: "Maryland Pension Risk Mitigation Act"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2018"
identifier: "HB 993"
citation: "Maryland HB 993 (2018)"
classification: ["bill"]
subjects: ["State Pensions and Retirement", "Assessments", "Electronic Communication", "Investments", "Reports", "Retirement Systems"]
status: "enacted"
primary_sponsors: ["Korman"]
version_count: 1
action_count: 18
vote_count: 4
first_action: "2018-02-07"
last_action: "2018-05-15"
source: "openstates"
source_identifier: "ocd-bill/d351897e-2e9e-4545-93cb-f5fe8147a77e"
source_url: "http://mgaleg.maryland.gov/webmga/frmMain.aspx?id=HB993&stab=01&pid=billpage&tab=subject3&ys=2018rs"
source_hash: "4d920bdf11722279b62d228aa0349b7449b435b51ebf367c57ced3dca7e15d12"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-md"]
---

# Maryland HB 993 (2018) — Maryland Pension Risk Mitigation Act

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Bill Text** (committee substitute) — [source](http://mgaleg.maryland.gov/2018RS/bills/hb/hb0993f.pdf)

## Votes

- Favorable adp - ON 2ND RDG — **50–83** (fail) · lower
- On Third Reading — **44–0** (pass) · upper
- On Third Reading and Final Passage (Hse concurred) — **92–44** (pass) · lower
- On Third Reading — **90–48** (pass) · lower

## Sponsors

- Korman — primary (person)
- Frick — cosponsor (person)
- Gilchrist — cosponsor (person)
- Hill — cosponsor (person)
- Jalisi — cosponsor (person)
- Lam — cosponsor (person)
- Luedtke — cosponsor (person)
- McCray — cosponsor (person)
- Morhaim — cosponsor (person)
- Platt — cosponsor (person)
- Stein — cosponsor (person)
- Valderrama — cosponsor (person)
- Wilkins — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-02-07** First Reading Appropriations `referral-committee`
- **2018-02-12** Hearing 2/22 at 3:00 p.m.
- **2018-03-05** Favorable Report by Appropriations `committee-passage-favorable`
- **2018-03-06** Favorable Report Adopted `committee-passage-favorable`
- **2018-03-06** Special Order until 3/7 (Delegate W. Miller) Adopted
- **2018-03-07** Floor Amendment {893829/1 (Delegate Fisher) Rejected (50-83) `amendment-failure`
- **2018-03-07** Second Reading Passed
- **2018-03-08** Third Reading Passed (90-48) `passage`
- **2018-03-09** First Reading Budget and Taxation `referral-committee`
- **2018-03-14** Hearing 3/22 at 9:00 a.m.
- **2018-04-05** Favorable with Amendments Report by Budget and Taxation `committee-passage-favorable`
- **2018-04-05** Favorable with Amendments {919831/1 Report Adopted `committee-passage-favorable`
- **2018-04-05** Second Reading Passed with Amendments
- **2018-04-06** Third Reading Passed with Amendments (44-0) `passage`
- **2018-04-07** House Concur - Senate Amendments
- **2018-04-07** Third Reading Passed (92-44) `passage`
- **2018-04-07** Passed Enrolled
- **2018-05-15** Approved by the Governor - Chapter 769 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/d351897e-2e9e-4545-93cb-f5fe8147a77e`. Confidence: reported (aggregated from official Maryland legislature records).