Bill Summary – FastDemocracy

SB 141
                      Department of Legislative Services
                             Maryland General Assembly
                                   2021 Session
                           FISCAL AND POLICY NOTE
                                 Third Reader
Senate Bill 141               (Chair, Education, Health, and Environmental Affairs
                              Committee)(By Request - Departmental - Labor)
Education, Health, and Environmental Affairs                        Economic Matters
      State Board of Public Accountancy – Education Requirements – Obsolete
                                    References
This departmental bill updates obsolete references to accrediting bodies under the
Maryland Public Accountancy Act.
                                    Fiscal Summary
State Effect: None. The bill is administrative in nature.
Local Effect: None.
Small Business Effect: The Maryland Department of Labor has determined that this bill
has minimal or no impact on small business (attached). The Department of Legislative
Services concurs with this assessment.
                                        Analysis
Current Law: A degree required for licensure as a certified public accountant must be
awarded by a school, college, university, or other institution that:
      is a member of the American Assembly of Collegiate Schools of Business;
      is a member of the Association of Collegiate Business Schools and Programs;
      is accredited by or is a constituent unit of an institution accredited by either (1) the
       Middle States Association of Colleges and Schools or (2) the equivalent regional
       accrediting association for other regional areas; or
      is recognized and approved by the State Board of Public Accountancy.
Background: The references updated in the bill are to business school accrediting bodies
that have changed their names.
                                 Additional Information
Prior Introductions: None.
Designated Cross File: None.
Information Source(s): Maryland Department of Labor; Department of Legislative
Services
Fiscal Note History:      First Reader - January 13, 2021
rh/mcr                    Third Reader - February 2, 2021
Analysis by: Stephen M. Ross                             Direct Inquiries to:
                                                         (410) 946-5510
                                                         (301) 970-5510
SB 141/ Page 2
            ANALYSIS OF ECONOMIC IMPACT ON SMALL BUSINESSES
TITLE OF BILL:        State Board of Public Accountancy – Education Requirements – Obsolete
                      References
BILL NUMBER:          SB 141
PREPARED BY:          Shanai Jordan
                      Executive Director, Maryland Board of Public Accountancy
PART A. ECONOMIC IMPACT RATING
This agency estimates that the proposed bill:
X      WILL HAVE MINIMAL OR NO ECONOMIC IMPACT ON MARYLAND SMALL
       BUSINESSES
OR
       WILL HAVE A MEANINGFUL ECONOMIC IMPACT ON MARYLAND SMALL
       BUSINESSES
PART B. ECONOMIC IMPACT ANALYSIS
SB 141/ Page 3
Statutes affected: 
Text - First - State Board of Public Accountancy – Education Requirements – Obsolete References: 2-303 Business Occupations and Professions
Text - Third - State Board of Public Accountancy – Education Requirements – Obsolete References: 2-303 Business Occupations and Professions