S2206Introduced in the Senate
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.
Introduced by Samuel Bell, District 5
What does this bill do?
Plain-English breakdown
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Official description
COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- INTEREST AND USURY - 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.
Where it stands
Committee recommended measure be held for further study
April 14, 2026
How did lawmakers vote?
SenateStage: Senate Committee on Commerce: Be held for further study · April 14, 2026
7
Yes
0
No
5
Absent or Not Voting
12 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Stefano Famiglietti | 4 | Yes |
| Samuel Bell | 5 | Yes |
| Tiara Mack | 6 | Absent |
| Meghan Kallman | 15 | Absent |
| Robert Britto | 18 | Yes |
| Ryan Pearson | 19 | Absent |
| Gordon Rogers | 21 | Yes |
| David Tikoian | 22 | Absent |
| Hanna Gallo | 27 | Yes |
| Elaine Morgan | 34 | Absent |
Bill history
Introduced, referred to Senate Commerce
Scheduled for hearing and/or consideration (04/14/2026)
Committee recommended measure be held for further study
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