Rhode Island · 2026 Regular Session · Bill
SB 2902: AN ACT RELATING TO PROPERTY -- CAPACITY TO HOLD REAL ESTATE
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 2902 is a bill introduced in the Rhode Island Senate on March 4, 2026. According to its official title, it concerns: AN ACT RELATING TO PROPERTY -- CAPACITY TO HOLD REAL ESTATE. Primary sponsor: Bridget Valverde (Democratic), Dawn Euer (Democratic), Ryan Pearson (Democratic), Mark McKenney (Democratic), Tiara Mack (Democratic), Lammis Vargas (Democratic), Victoria Gu (Democratic), Alana DiMario (Democratic), Val Lawson (Democratic), Meghan Kallman (Democratic). Most recent recorded action (April 16, 2026): 04/16/2026 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.
Precludes a legal entity from owning property whose value is over $25,000,000. If the property value exceeds $25,000,000, then the entity must divest a graduated yearly amount over the next 10 years, until value is less than $25,000,000.
Sponsors
Sponsors by party (alphabetical): Democratic 10
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Bridget Valverde | Primary sponsor | Democratic | Senate | 35 |
| Dawn Euer | Primary sponsor | Democratic | Senate | 13 |
| Ryan Pearson | Primary sponsor | Democratic | Senate | 19 |
| Mark McKenney | Primary sponsor | Democratic | Senate | 30 |
| Tiara Mack | Primary sponsor | Democratic | Senate | 6 |
| Lammis Vargas | Primary sponsor | Democratic | Senate | 28 |
| Victoria Gu | Primary sponsor | Democratic | Senate | 38 |
| Alana DiMario | Primary sponsor | Democratic | Senate | 36 |
| Val Lawson | Primary sponsor | Democratic | Senate | 14 |
| Meghan Kallman | Primary sponsor | Democratic | Senate | 15 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 04/16/2026 Committee recommended measure be held for further study
- 04/10/2026 Scheduled for hearing and/or consideration (04/16/2026)
- 03/04/2026 Introduced, referred to Senate Housing and Municipal Government