SB 489 Rhode Island Senate · 2025 Regular Session

AN ACT RELATING TO PROPERTY -- CAPACITY TO HOLD REAL ESTATE

Summary
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.
Bill status died 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2025 Last action Apr 3, 2025
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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Apr 3, 2025
Committee
04/03/2025 Committee recommended measure be held for further study
legislature
Feb 26, 2025
Introduced
02/26/2025 Introduced, referred to Senate Housing and Municipal Government
upper
5 primary · 0 co-sponsors

Sponsors