Rhode Island · 2026 Regular Session · Bill
HB 7955: AN ACT RELATING TO FINANCIAL INSTITUTIONS -- CURRENCY TRANSMISSIONS
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 7955 is a bill introduced in the Rhode Island House on February 27, 2026. According to its official title, it concerns: AN ACT RELATING TO FINANCIAL INSTITUTIONS -- CURRENCY TRANSMISSIONS. Primary sponsor: Mary Ann Shallcross-Smith (Democratic), Karen Alzate (Democratic), Brandon Potter (Democratic), Tina Spears (Democratic), Susan Donovan (Democratic), Casimiro. Most recent recorded action (March 5, 2026): 03/05/2026 Committee recommended measure be held for further study.
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.
Expands the definition of operator to anyone who enables customers to purchase virtual currency. Expands the definition of a transaction to include a digital product or application where payment is made in person or through a third party intermediary.
Sponsors
Sponsors by party (alphabetical): Democratic 5
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Mary Ann Shallcross-Smith | Primary sponsor | Democratic | House | 46 |
| Karen Alzate | Primary sponsor | Democratic | House | 60 |
| Brandon Potter | Primary sponsor | Democratic | House | 16 |
| Tina Spears | Primary sponsor | Democratic | House | 36 |
| Susan Donovan | Primary sponsor | Democratic | House | 69 |
| Casimiro | Primary sponsor | Not applicable (committee) | — | — |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 03/05/2026 Committee recommended measure be held for further study
- 02/27/2026 Scheduled for hearing and/or consideration (03/05/2026)
- 02/27/2026 Introduced, referred to House Innovation, Internet, & Technology