Rhode Island · 2025 Regular Session · Bill
SB 489: 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 489 is a bill introduced in the Rhode Island Senate on February 26, 2025. According to its official title, it concerns: AN ACT RELATING TO PROPERTY -- CAPACITY TO HOLD REAL ESTATE. Primary sponsor: Victoria Gu (Democratic), Sam Bell (Democratic), Tiara Mack (Democratic), Bob Britto (Democratic), Meghan Kallman (Democratic). Most recent recorded action (April 3, 2025): 04/03/2025 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 any legal entity from possessing, controlling or otherwise claiming legal title to real property exceeding an aggregate value of twenty-five million dollars ($25,000,000) in single-family dwellings or multi-family dwellings.
Sponsors
Sponsors by party (alphabetical): Democratic 5
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Victoria Gu | Primary sponsor | Democratic | Senate | 38 |
| Sam Bell | Primary sponsor | Democratic | Senate | 5 |
| Tiara Mack | Primary sponsor | Democratic | Senate | 6 |
| Bob Britto | Primary sponsor | Democratic | Senate | 18 |
| 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
- 04/03/2025 Committee recommended measure be held for further study
- 03/28/2025 Scheduled for hearing and/or consideration (04/03/2025)
- 02/26/2025 Introduced, referred to Senate Housing and Municipal Government