Maryland Manual On-Line

SENATE

STANDING COMMITTEES

FINANCE COMMITTEE

ORIGIN & FUNCTIONS


The Finance Committee started in December 1831. Originally, it bore responsibility for reviewing all bills concerned with fiscal matters. In 1975, the review of budgetary and tax matters was assigned to a separate committee - the Budget and Taxation Committee.

Legislation relating to banking and financial institutions; credit regulation and consumer financing; economic and community development; and health and welfare matters is considered by the Committee. Bills concerned with horse racing and lotteries; insurance; labor and employment; State personnel issues; social programs; transportation; unemployment insurance; utility regulation; and workers' compensation also are reviewed by the Committee. The Committee has eleven members.

Over time the Finance Committee has used subcommittees and work groups to review legislation. In 1976, the Committee had three subcommittees: Consolidation of Services to the Blind; Control and Issuance of Birth Certificates; and Licensing of Professional Counselors. The Health Subcommittee, 1995-97, and the Welfare (later Welfare Reform) Subcommittee, 1995-2000, functioned at the same time that various work groups considered bills. For the 2004 session, the Committee had one subcommittee concerned with health matters, and in 2008 the Transportation subcommittee formed.

HEALTH SUBCOMMITTEE
In January 2003, the Health Subcommittee formed to consider issues related to health and health insurance.

TRANSPORTATION SUBCOMMITTEE
The Transportation Subcommittee organized in January 2008 to consider transportation policy issues that come under Finance Committee jurisdiction.

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 Maryland Manual On-Line, 2009

July 1, 2009   
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