Rhode Island · 2026 Regular Session · Bill
SB 3074: AN ACT RELATING TO FINANCIAL INSTITUTIONS -- SMALL LOAN LENDERS
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 3074 is a bill introduced in the Rhode Island Senate on March 13, 2026. According to its official title, it concerns: AN ACT RELATING TO FINANCIAL INSTITUTIONS -- SMALL LOAN LENDERS. Primary sponsor: John Burke (Democratic), Bob Britto (Democratic). Most recent recorded action (April 28, 2026): 04/28/2026 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 a lender to charge an origination fee, increase interest rates and collect a monthly service fee, on loans up to three hundred dollars ($300) but not exceeding five thousand dollars ($5,000).
Sponsors
Sponsors by party (alphabetical): Democratic 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| John Burke | Primary sponsor | Democratic | Senate | 9 |
| Bob Britto | Primary sponsor | Democratic | Senate | 18 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 04/28/2026 Committee recommended measure be held for further study
- 04/24/2026 Scheduled for hearing and/or consideration (04/28/2026)
- 04/10/2026 Meeting postponed (04/14/2026)
- 04/10/2026 Scheduled for hearing and/or consideration
- 03/13/2026 Introduced, referred to Senate Commerce