Rhode Island · 2026 Regular Session · Bill
SB 2206: AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- INTEREST AND USURY
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 2206 is a bill introduced in the Rhode Island Senate on January 23, 2026. According to its official title, it concerns: AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- INTEREST AND USURY. Primary sponsor: Alana DiMario (Democratic), Lammis Vargas (Democratic), Jonathon Acosta (Democratic), Bridget Valverde (Democratic), Ana Quezada (Democratic), Linda Ujifusa (Democratic), Victoria Gu (Democratic), Brian Thompson (Democratic), Melissa Murray (Democratic), Sam Bell (Democratic). Most recent recorded action (April 14, 2026): 04/14/2026 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.
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.
Sponsors
Sponsors by party (alphabetical): Democratic 10
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Alana DiMario | Primary sponsor | Democratic | Senate | 36 |
| Lammis Vargas | Primary sponsor | Democratic | Senate | 28 |
| Jonathon Acosta | Primary sponsor | Democratic | Senate | 16 |
| Bridget Valverde | Primary sponsor | Democratic | Senate | 35 |
| Ana Quezada | Primary sponsor | Democratic | Senate | 2 |
| Linda Ujifusa | Primary sponsor | Democratic | Senate | 11 |
| Victoria Gu | Primary sponsor | Democratic | Senate | 38 |
| Brian Thompson | Primary sponsor | Democratic | Senate | 20 |
| Melissa Murray | Primary sponsor | Democratic | Senate | 24 |
| Sam Bell | Primary sponsor | Democratic | Senate | 5 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 04/14/2026 Committee recommended measure be held for further study
- 04/10/2026 Scheduled for hearing and/or consideration (04/14/2026)
- 01/23/2026 Introduced, referred to Senate Commerce