---
type: "Bill"
title: "State Investment Portfolio - Investment Thresholds - Alterations"
description: "State Investment Portfolio - Investment Thresholds - Alterations"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2023"
identifier: "HB 397"
citation: "Maryland HB 397 (2023)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Watson"]
version_count: 3
action_count: 13
vote_count: 0
first_action: "2023-01-26"
last_action: "2023-04-24"
source: "openstates"
source_identifier: "ocd-bill/eab8c72a-714c-4bb4-accc-5ec7499db7ed"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/hb0397?ys=2023RS&search=True"
source_hash: "b1208399521121c7f31decd4bd7ec43e85215f527bd0f076e04c619d66cded9b"
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 397 (2023) — State Investment Portfolio - Investment Thresholds - Alterations

## Version chain

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

1. **Chapter - State Investment Portfolio - Investment Thresholds - Alterations** (committee substitute) — [source](http://mgaleg.maryland.gov/2023RS/Chapters_noln/CH_115_hb0397t.pdf)
2. **First - State Investment Portfolio - Investment Thresholds - Alterations** (committee substitute) — [source](http://mgaleg.maryland.gov/2023RS/bills/hb/hb0397f.pdf)
3. **Third - State Investment Portfolio - Investment Thresholds - Alterations** (committee substitute) — [source](http://mgaleg.maryland.gov/2023RS/bills/hb/hb0397t.pdf)

## Sponsors

- Watson — primary (person)

## Timeline

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

- **2023-01-26** First Reading Appropriations `referral-committee`
- **2023-01-26** Hearing 2/07 at 1:00 p.m.
- **2023-02-27** Favorable Report by Appropriations `committee-passage-favorable`
- **2023-02-28** Favorable Adopted `committee-passage-favorable`
- **2023-02-28** Motion Special Order until 3/1 (Delegate M. Morgan) Adopted
- **2023-03-01** Second Reading Passed
- **2023-03-03** Third Reading Passed `passage`
- **2023-03-06** Referred Budget and Taxation `referral-committee`
- **2023-04-03** Favorable Report by Budget and Taxation `committee-passage-favorable`
- **2023-04-03** Favorable Adopted Second Reading Passed `committee-passage-favorable`
- **2023-04-05** Third Reading Passed `passage`
- **2023-04-05** Returned Passed
- **2023-04-24** Approved by the Governor - Chapter 115 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/eab8c72a-714c-4bb4-accc-5ec7499db7ed`. Confidence: reported (aggregated from official Maryland legislature records).