Rhode Island 2025 Regular Session Status: In Committee 7 D cosponsors

HB 6055 — AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- INTEREST AND USURY

Last action — 04/24/2025 Committee recommended measure be held for further study

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

This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Allows RI to opt out of the provisions of DIDMCA exempting out of state lenders from interest rate limits which apply to RI lenders. Prevents evasion of statutory interest rate limits and lending rules for loans made in RI.

Bill Text

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

Read HB 6055 on the official Rhode Island source →

Action History

  1. 04/24/2025 Committee recommended measure be held for further study

  2. 04/18/2025 Scheduled for hearing and/or consideration (04/24/2025)

  3. 03/12/2025 Introduced, referred to House Corporations

Sponsors

Sponsorship breakdown

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7 sponsors · 0 co-sponsors · 107 not signed on

Sponsors (7)

Co-sponsors (0)

None.

Not signed on (107)

107 members have not signed on to this bill.

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"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

Subjects

taxation finance
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Frequently asked questions

What does HB 6055 do?
Allows RI to opt out of the provisions of DIDMCA exempting out of state lenders from interest rate limits which apply to RI lenders. Prevents evasion of statutory interest rate limits and lending rules for loans made in RI.
Who sponsors HB 6055?
HB 6055 is sponsored by Joshua J. Giraldo (Democratic), Scott A. Slater (Democratic), John J. Lombardi (Democratic), Karen Alzate (Democratic), Enrique George Sanchez (Democratic), Cherie L. Cruz (Democratic), and Brandon C. Potter (Democratic).
What is the current status of HB 6055?
This bill died with 2025 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 6055?
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Last checked for changes 3 months ago · updated continuously

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