---
type: "Bill"
title: "Financial Institutions - Payment Stablecoin Services - Establishment and Regulation (Maryland Stablecoin Act)"
description: "Financial Institutions - Payment Stablecoin Services - Establishment and Regulation (Maryland Stablecoin Act)"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2026"
identifier: "SB 662"
citation: "Maryland SB 662 (2026)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Kramer"]
version_count: 3
action_count: 12
vote_count: 2
first_action: "2026-02-06"
last_action: "2026-05-12"
source: "openstates"
source_identifier: "ocd-bill/3d2cd943-02e6-491b-b2ca-6ba5639bd184"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0662?ys=2026RS"
source_hash: "5f6285b31fec732a2e68e9ad09e9e97f25d0cd52a4a6203284def43c644eacd4"
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 SB 662 (2026) — Financial Institutions - Payment Stablecoin Services - Establishment and Regulation (Maryland Stablecoin Act)

## Version chain

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

1. **Chapter - Financial Institutions - Payment Stablecoin Services - Establishment and Regulation (Maryland Stablecoin Act)** (committee substitute) — [source](http://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_513_sb0662t.pdf)
2. **First - Financial Institutions - Payment Stablecoin Services - Establishment and Regulation (Maryland Stablecoin Act)** (committee substitute) — [source](http://mgaleg.maryland.gov/2026RS/bills/sb/sb0662f.pdf)
3. **Third - Financial Institutions - Payment Stablecoin Services - Establishment and Regulation (Maryland Stablecoin Act)** (committee substitute) — [source](http://mgaleg.maryland.gov/2026RS/bills/sb/sb0662t.pdf)

## Votes

- On Third Reading — **128–0** (pass) · lower
- On Third Reading — **45–0** (pass) · upper

## Sponsors

- Kramer — primary (person)

## Timeline

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

- **2026-02-06** First Reading Finance `referral-committee`
- **2026-02-11** Hearing 2/26 at 1:00 p.m.
- **2026-03-09** Favorable Report by Finance `committee-passage-favorable`
- **2026-03-10** Favorable Adopted `committee-passage-favorable`
- **2026-03-10** Second Reading Passed
- **2026-03-12** Third Reading Passed `passage`
- **2026-03-13** Referred Economic Matters `referral-committee`
- **2026-04-08** Favorable Report by Economic Matters `committee-passage-favorable`
- **2026-04-08** Favorable Adopted Second Reading Passed `committee-passage-favorable`
- **2026-04-08** Third Reading Passed `passage`
- **2026-04-09** Returned Passed
- **2026-05-12** Approved by the Governor - Chapter 513 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3d2cd943-02e6-491b-b2ca-6ba5639bd184`. Confidence: reported (aggregated from official Maryland legislature records).