Rhode Island · 2025 Regular Session · Bill
HB 5042: AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 5042 is a bill introduced in the Rhode Island House on January 15, 2025. According to its official title, it concerns: AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES. Primary sponsor: Grace Diaz (Democratic), Joshua Giraldo (Democratic), Jose Batista (Democratic), Jennifer Stewart (Democratic), David Morales (Democratic), John Lombardi (Democratic), Katie Kazarian (Democratic), Brian Newberry (Republican), Cherie Cruz (Democratic), Karen Alzate (Democratic). Most recent recorded action (July 1, 2025): 07/01/2025 Signed by Governor.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Repeals the provisions of the general laws allowing deferred deposit providers, also known as "payday lenders."
Sponsors
Sponsors by party (alphabetical): Democratic 9 · Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Grace Diaz | Primary sponsor | Democratic | House | 11 |
| Joshua Giraldo | Primary sponsor | Democratic | House | 56 |
| Jose Batista | Primary sponsor | Democratic | House | 12 |
| Jennifer Stewart | Primary sponsor | Democratic | House | 59 |
| David Morales | Primary sponsor | Democratic | House | 7 |
| John Lombardi | Primary sponsor | Democratic | House | 8 |
| Katie Kazarian | Primary sponsor | Democratic | House | 63 |
| Brian Newberry | Primary sponsor | Republican | House | 48 |
| Cherie Cruz | Primary sponsor | Democratic | House | 58 |
| Karen Alzate | Primary sponsor | Democratic | House | 60 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 07/01/2025 Signed by Governor
- 06/25/2025 Transmitted to Governor
- 06/20/2025 Senate passed Sub A in concurrence
- 06/18/2025 Placed on Senate Calendar (06/20/2025)
- 06/16/2025 House passed Sub A
- 06/13/2025 Placed on House Calendar (06/16/2025)
- 06/10/2025 Committee recommends passage of Sub A
- 06/07/2025 Proposed Substitute
- 06/07/2025 Scheduled for consideration (06/10/2025)
- 03/13/2025 Committee recommended measure be held for further study
- 03/07/2025 Scheduled for hearing and/or consideration (03/13/2025)
- 01/15/2025 Introduced, referred to House Corporations