Functions of the Economic Matters Committee trace to the Committee on Accounts formed in 1692. That committee was renamed the Committee on Claims (upon the Treasury) in the 1770s and continued as the Claims Committee from 1776 to 1968. It reformed as the Economic Matters Committee in 1968. Its budgetary and certain other duties transferred to the Appropriations Committee in 1971.
The Economic Matters Committee considers legislation relating to alcoholic beverages; banks and other financial institutions; business occupations and professions; business regulation; commerce; commercial law, including consumer protection; corporations and associations; economic development; electronic commerce; insurance regulation (except health insurance); labor and employment; property and casualty insurance; unemployment insurance; utilities regulation; and workers' compensation.
House Office Building, 6 Bladen St. (from College Ave.), Annapolis, Maryland, April 1999. Photo by Diane P. Frese.
BANKING, CONSUMER PROTECTION & COMMERCIAL LAW SUBCOMMITTEE
The Subcommittee discusses issues relating to corporations and associations, and commercial law, including consumer protection.
BUSINESS REGULATION SUBCOMMITTEE
HOUSING & REAL PROPERTY SUBCOMMITTEE
LAND USE & ZONING SUBCOMMITTEE
The Subcommittee reviews legislation regarding utility regulation.
UNEMPLOYMENT INSURANCE SUBCOMMITTEE
WORKERS' COMPENSATION SUBCOMMITTEE
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The Banking, Consumer Protection and Commercial Law Subcommittee began meeting as the Corporations Work Group. It reorganized as the Consumer Protection and Commercial Law Work Group in 2007. Later that year, it reformed as the Consumer Protection and Commercial Law Subcommittee. In January 2019, it reorganized under its present name.
The Business Regulation Subcommittee formed in January 2003.
Functions of the Housing and Real Property Subcommittee started in 1995, when the Real Property Subcommittee formed under the Economic Matters Committee. Reorganized as the Real Estate and Housing Subcommittee in 1999, it was renamed the Property and Casualty Insurance Subcommittee in January 2003, and its earlier functions transferred to the Environmental Matters Committee. In January 2026, the House Speaker reconstituted it into two separate subcommittees: Housing and Real Property Subcommittee under the Economic Matters Committee, and Casualty Insurance Subcommittee under the Judiciary Committee.
In January 2026, the House Speaker formed the Land Use and Zoning Subcommittee within the Economic Matters Committee.
In 1995, the Unemployment Insurance Subcommittee formed.
The Workers' Compensation Subcommittee organized in 1995.
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