Bill Positions

Bill Number: HB 1108

Bill Title: Payment Information Security Act

Bill Sponsor(s): Dels. Lee, et al.

Subject: Commercial Law

Committee: ECM

Bill Summary: This bill would prohibit a person from retaining certain security code information from a credit or debit card following a transaction. Retention of such information would be an Unfair and Deceptive Trade Practice, subjecting the company to fines and penalties.

History: None

Chamber Position: Oppose

Position Summary: The Maryland Chamber opposes this bill because of the damages that would be imposed on businesses by the terms of the legislation. The agreements signed by card issuers already make provision for what data may be retained following a credit card transaction.

Position Statement: Click here to download a pdf version of the Maryland Chamber's position statement.

Chamber Staff: Ronald Wineholt

General Assembly: Click here to view the bill on the Maryland General Assembly's website.