---
type: "Bill"
title: "State Retirement and Pension System - Use of Minority and Women-Owned Business Enterprises (Diversity Among Asset Managers Act of 2022)"
description: "State Retirement and Pension System - Use of Minority and Women-Owned Business Enterprises (Diversity Among Asset Managers Act of 2022)"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2022"
identifier: "HB 542"
citation: "Maryland HB 542 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["J. Lewis"]
version_count: 3
action_count: 19
vote_count: 1
first_action: "2022-01-21"
last_action: "2022-05-29"
source: "openstates"
source_identifier: "ocd-bill/f16cd86f-7cb1-474b-80c7-0f45e345b393"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/hb0542?ys=2022RS&search=True"
source_hash: "70359cd439d2ca4d6e2c29f3a7b2455846b4d0e477b2cab22a2ee326787594ab"
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 542 (2022) — State Retirement and Pension System - Use of Minority and Women-Owned Business Enterprises (Diversity Among Asset Managers Act of 2022)

## Version chain

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

1. **Chapter - State Retirement and Pension System - Use of Minority and Women-Owned Business Enterprises (Diversity Among Asset Managers Act of 2022)** (committee substitute) — [source](http://mgaleg.maryland.gov/2022RS/Chapters_noln/CH_641_hb0542t.pdf)
2. **First - State Retirement and Pension System - Investment Committee - Use of Minority Business Enterprises (Diversity Among Asset Managers Act of 2022)** (committee substitute) — [source](http://mgaleg.maryland.gov/2022RS/bills/hb/hb0542f.pdf)
3. **Third - State Retirement and Pension System - Use of Minority and Women-Owned Business Enterprises (Diversity Among Asset Managers Act of 2022)** (committee substitute) — [source](http://mgaleg.maryland.gov/2022RS/bills/hb/hb0542t.pdf)

## Votes

- On Third Reading — **107–28** (pass) · lower

## Sponsors

- J. Lewis — primary (person)

## Timeline

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

- **2022-01-21** First Reading Appropriations `referral-committee`
- **2022-01-30** Hearing 2/15 at 1:00 p.m.
- **2022-01-31** Hearing canceled
- **2022-02-01** Hearing 2/17 at 1:00 p.m.
- **2022-02-02** Hearing canceled
- **2022-02-02** Hearing 2/17 at 3:00 p.m.
- **2022-03-07** Favorable with Amendments Report by Appropriations `committee-passage-favorable`
- **2022-03-08** Favorable with Amendments { `committee-passage-favorable`
- **2022-03-08** Motion Special Order until 3/9 (Delegate Morgan) Adopted
- **2022-03-09** Second Reading Passed with Amendments
- **2022-03-11** Third Reading Passed `passage`
- **2022-03-14** Referred Budget and Taxation `referral-committee`
- **2022-03-22** Hearing 3/30 at 1:00 p.m.
- **2022-03-24** Hearing canceled
- **2022-04-01** Favorable Report by Budget and Taxation `committee-passage-favorable`
- **2022-04-01** Favorable Adopted Second Reading Passed `committee-passage-favorable`
- **2022-04-04** Third Reading Passed `passage`
- **2022-04-05** Returned Passed
- **2022-05-29** Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 641 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f16cd86f-7cb1-474b-80c7-0f45e345b393`. Confidence: reported (aggregated from official Maryland legislature records).