Rhode Island 2025 Regular Session Status: Enacted Bipartisan · 9 D · 1 R cosponsors

HB 5042 — AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES

Last action — 07/01/2025 Signed by Governor

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 15, 2025. Enacted.

Signed by Governor Dan McKee (Democratic) on July 01, 2025.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 98% · high confidence

  • Enacted

    Current position in the legislative process.

  • 10 sponsors

    10 primary, 0 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (9 D · 1 R) — cross-party backing.

  • Cleared a recorded vote

    Passed 1 recorded vote so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Repeals the provisions of the general laws allowing deferred deposit providers, also known as "payday lenders."

Bill Text

We don't have the full text on file for this bill yet.

Read HB 5042 on the official Rhode Island source →

Action History

  1. 07/01/2025 Signed by Governor

  2. 06/25/2025 Transmitted to Governor

  3. 06/20/2025 Senate passed Sub A in concurrence

  4. 06/18/2025 Placed on Senate Calendar (06/20/2025)

  5. 06/16/2025 House passed Sub A

  6. 06/13/2025 Placed on House Calendar (06/16/2025)

  7. 06/10/2025 Committee recommends passage of Sub A

  8. 06/07/2025 Proposed Substitute

  9. 06/07/2025 Scheduled for consideration (06/10/2025)

  10. 03/13/2025 Committee recommended measure be held for further study

  11. 03/07/2025 Scheduled for hearing and/or consideration (03/13/2025)

  12. 01/15/2025 Introduced, referred to House Corporations

Sponsors

Sponsorship breakdown

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10 sponsors · 0 co-sponsors · 104 not signed on

Sponsors (10)

Co-sponsors (0)

None.

Not signed on (104)

104 members have not signed on to this bill.

Show all 104 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

PASSAGE

Passed 70 Yea · 0 Nay · 5 Other
Party YeaNayPresentNot Voting
Democratic 56005
Independent 1000
Republican 10000
Unaffiliated 3000
Total 70005
% of votes cast 93%0%0%7%
How each member voted (75)
Member Party Vote
Mr. Speaker — Yea
O'Brien — Yea
ShallcrossSmith — Yea
Alex Finkelman Democratic Yea
Alex Marszalkowski Democratic Yea
Anthony J. DeSimone Democratic Yea
Arthur Handy Democratic Yea
Arthur J. Corvese Democratic Yea
Brandon C. Potter Democratic Yea
Brandon T. Voas Democratic Yea
Brian Patrick Kennedy Democratic Yea
Carol Hagan McEntee Democratic Yea
Charlene M. Lima Democratic Not Voting
Cherie L. Cruz Democratic Yea
Christopher R. Blazejewski Democratic Yea
David A. Bennett Democratic Yea
David Morales Democratic Yea
Deborah A. Fellela Democratic Yea
Earl A. Read, III Democratic Yea
Edith H. Ajello Democratic Yea
Enrique George Sanchez Democratic Yea
Evan P. Shanley Democratic Not Voting
Grace Diaz Democratic Yea
Gregory J. Costantino Democratic Yea
Jacquelyn M. Baginski Democratic Not Voting
Jason Knight Democratic Yea
Jenni A. Furtado Democratic Yea
Jennifer A. Stewart Democratic Yea
Jennifer Smith Boylan Democratic Yea
John G. Edwards Democratic Yea
John J. Lombardi Democratic Yea
Jose F. Batista Democratic Yea
Joseph J. Solomon, Jr. Democratic Yea
Joseph M. McNamara Democratic Yea
Joshua J. Giraldo Democratic Yea
Julie A. Casimiro Democratic Yea
June Speakman Democratic Yea
Justine A. Caldwell Democratic Yea
Karen Alzate Democratic Yea
Katherine S. Kazarian Democratic Yea
Kathleen A. Fogarty Democratic Yea
Lauren H. Carson Democratic Yea
Leonela Felix Democratic Yea
Marvin L. Abney Democratic Yea
Mary Duffy Messier Democratic Yea
Matt S. Dawson Democratic Yea
Megan L. Cotter Democratic Yea
Mia A. Ackerman Democratic Yea
Michelle E. McGaw Democratic Yea
Nathan W. Biah Democratic Yea
Patricia A. Serpa Democratic Yea
Ramon A. Perez Democratic Not Voting
Raymond A. Hull Democratic Yea
Rebecca M. Kislak Democratic Yea
Robert D. Phillips Democratic Yea
Robert E. Craven, Sr. Democratic Yea
Samuel A. Azzinaro Democratic Yea
Scott A. Slater Democratic Yea
Stephen M. Casey Democratic Yea
Susan R. Donovan Democratic Yea
Teresa Ann Tanzi Democratic Yea
Terri Cortvriend Democratic Yea
Thomas E. Noret Democratic Not Voting
Tina L. Spears Democratic Yea
Jon D. Brien Independent Yea
Brian C. Newberry Republican Yea
Christopher G. Paplauskas Republican Yea
David J. Place Republican Yea
George A Nardone Republican Yea
Marie A. Hopkins Republican Yea
Michael W. Chippendale Republican Yea
Paul M. Santucci Republican Yea
Richard R. Fascia Republican Yea
Robert J. Quattrocchi Republican Yea
Sherry Roberts Republican Yea

Official roll call →

Subjects

taxation finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 5042 do?
Repeals the provisions of the general laws allowing deferred deposit providers, also known as "payday lenders."
Who sponsors HB 5042?
HB 5042 is sponsored by Grace Diaz (Democratic), Joshua J. Giraldo (Democratic), Jose F. Batista (Democratic), Jennifer A. Stewart (Democratic), David Morales (Democratic), John J. Lombardi (Democratic), Katherine S. Kazarian (Democratic), Brian C. Newberry (Republican), Cherie L. Cruz (Democratic), and Karen Alzate (Democratic).
What is the current status of HB 5042?
This bill has been enacted into law. Introduced January 15, 2025. Enacted.
Where can I track HB 5042?
Track HB 5042 free on One Click Politics — get push/email alerts when it moves.

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