Rhode Island · 2025 Regular Session · Bill
SB 865: AN ACT RELATING TO PUBLIC FINANCE -- STATE INVESTMENT COMMISSION
Passed one chamber Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 865 is a bill introduced in the Rhode Island Senate on March 21, 2025. According to its official title, it concerns: AN ACT RELATING TO PUBLIC FINANCE -- STATE INVESTMENT COMMISSION. Primary sponsor: Lori Urso (Democratic), David Tikoian (Democratic), Pete Appollonio (Democratic), Bob Britto (Democratic), Val Lawson (Democratic), Lou DiPalma (Democratic), Jake Bissaillon (Democratic), Matt LaMountain (Democratic), Lammis Vargas (Democratic). Most recent recorded action (June 12, 2025): 06/12/2025 Senate read and passed.
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.
Requires the state investment commission to create a capital access initiative to expand potential investment opportunities for the state’s pension fund and engage qualified but traditionally underrepresented investment managers.
Sponsors
Sponsors by party (alphabetical): Democratic 9
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Lori Urso | Primary sponsor | Democratic | Senate | 8 |
| David Tikoian | Primary sponsor | Democratic | Senate | 22 |
| Pete Appollonio | Primary sponsor | Democratic | Senate | 29 |
| Bob Britto | Primary sponsor | Democratic | Senate | 18 |
| Val Lawson | Primary sponsor | Democratic | Senate | 14 |
| Lou DiPalma | Primary sponsor | Democratic | Senate | 12 |
| Jake Bissaillon | Primary sponsor | Democratic | Senate | 1 |
| Matt LaMountain | Primary sponsor | Democratic | Senate | 31 |
| Lammis Vargas | Primary sponsor | Democratic | Senate | 28 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- 06/12/2025 Senate read and passed
- 06/10/2025 Placed on Senate Calendar (06/12/2025)
- 06/05/2025 Committee recommends passage
- 06/03/2025 Scheduled for consideration (06/05/2025)
- 05/29/2025 Committee recommended measure be held for further study
- 05/23/2025 Scheduled for hearing and/or consideration (05/29/2025)
- 03/21/2025 Introduced, referred to Senate Finance