HB 5235 — AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- INTEREST AND USURY
Last action — 06/26/2025 Signed by Governor
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✓Introduced
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✓In Committee
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✓Passed House
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 29, 2025. Enacted.
Signed by Governor Dan McKee (Democratic) on June 26, 2025.
Odds of enactment
High chanceBased 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
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Enacted
Current position in the legislative process.
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10 sponsors
10 primary, 0 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (10 D).
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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
Provides an interest rate cap on medical debt.
Bill Text
We don't have the full text on file for this bill yet.
Read HB 5235 on the official Rhode Island source →Action History
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06/26/2025 Signed by Governor
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06/23/2025 Transmitted to Governor
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06/20/2025 Senate passed Sub A in concurrence
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06/18/2025 Placed on Senate Calendar (06/20/2025)
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06/17/2025 Committee recommends passage of Sub A in concurrence
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06/14/2025 Scheduled for consideration (06/17/2025)
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06/11/2025 Referred to Senate Commerce
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06/03/2025 House passed Sub A
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05/30/2025 Placed on House Calendar (06/03/2025)
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05/15/2025 Committee recommends passage of Sub A
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05/09/2025 Proposed Substitute
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05/09/2025 Scheduled for consideration (05/15/2025)
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02/25/2025 Committee recommended measure be held for further study
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02/21/2025 Scheduled for hearing and/or consideration (02/25/2025)
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01/29/2025 Introduced, referred to House Corporations
Sponsors
- Arthur J. Corvese · Primary
- Jacquelyn M. Baginski · Primary
- Alex Finkelman · Primary
- Julie A. Casimiro · Primary
- Thomas E. Noret · Primary
- June Speakman · Primary
- III Earl A. Read · Primary
- Jenni A. Furtado · Primary
- Arthur Handy · Primary
- Mary Ann Shallcross Smith · Primary
Sponsorship breakdown
Export CSV (upgrade) →10 sponsors · 0 co-sponsors · 104 not signed on
Sponsors (10)
- Arthur J. Corvese Democratic
- Jacquelyn M. Baginski Democratic
- Alex Finkelman Democratic
- Julie A. Casimiro Democratic
- Thomas E. Noret Democratic
- June Speakman Democratic
- Earl A. Read, III Democratic
- Jenni A. Furtado Democratic
- Arthur Handy Democratic
- Mary Ann Shallcross Smith Democratic
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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 56 | 0 | 0 | 5 |
| Independent | 1 | 0 | 0 | 0 |
| Republican | 8 | 0 | 0 | 2 |
| Unaffiliated | 1 | 0 | 0 | 2 |
| Total | 66 | 0 | 0 | 9 |
| % of votes cast | 88% | 0% | 0% | 12% |
How each member voted (75)
| Member | Party | Vote |
|---|---|---|
| Mr. Speaker | — | Yea |
| O'Brien | — | Not Voting |
| ShallcrossSmith | — | Not Voting |
| Alex Finkelman | Democratic | Not Voting |
| 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 | Yea |
| Grace Diaz | Democratic | Yea |
| Gregory J. Costantino | Democratic | Not Voting |
| Jacquelyn M. Baginski | Democratic | Yea |
| Jason Knight | Democratic | Yea |
| Jenni A. Furtado | Democratic | Yea |
| Jennifer A. Stewart | Democratic | Yea |
| Jennifer Smith Boylan | Democratic | Yea |
| John G. Edwards | Democratic | Not Voting |
| 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 | Yea |
| 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 | Yea |
| Tina L. Spears | Democratic | Not Voting |
| 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 | Not Voting |
| Sherry Roberts | Republican | Not Voting |
Subjects
Frequently asked questions
- What does HB 5235 do?
- Provides an interest rate cap on medical debt.
- Who sponsors HB 5235?
- HB 5235 is sponsored by Arthur J. Corvese (Democratic), Jacquelyn M. Baginski (Democratic), Alex Finkelman (Democratic), Julie A. Casimiro (Democratic), Thomas E. Noret (Democratic), June Speakman (Democratic), Earl A. Read, III (Democratic), Jenni A. Furtado (Democratic), Arthur Handy (Democratic), and Mary Ann Shallcross Smith (Democratic).
- What is the current status of HB 5235?
- This bill has been enacted into law. Introduced January 29, 2025. Enacted.
- Where can I track HB 5235?
- Track HB 5235 free on One Click Politics — get push/email alerts when it moves.
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