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passed · Rhode Island · Senate May 28, 2024

SR 3094: SENATE RESOLUTION PROCLAIMING MAY 28, 2024, TO BE "ARTS ADVOCACY DAY" IN THE STATE OF RHODE ISLAND

This Senate resolution designates May 28, 2024, as "Arts Advocacy Day" in Rhode Island to highlight the economic and cultural value of the arts sector. The bill recognizes that the arts contribute billions to the state economy and support local businesses, while also benefiting students through arts education programs. It urges residents to appreciate and support artists and cultural organizations, particularly those affected by pandemic-related shutdowns. Finally, the resolution directs the Secretary of State to send copies of the document to the Rhode Island State Council on the Arts and the Rhode Island Coalition for the Arts.
Meghan Kallman (D) Hanna Gallo (D) Linda Ujifusa (D) Victoria Gu (D) Tiara Mack (D)
passed · Rhode Island · House May 24, 2024

HB 8040: AN ACT RELATING TO FINANCIAL INSTITUTIONS -- THE RHODE ISLAND SPECIAL DEPOSITS ACT

HB 8040 creates the Rhode Island Special Deposits Act, a new legal framework for financial institutions to manage specific types of bank accounts known as special deposits. This law applies to any bank, including credit unions and savings associations, allowing them to hold funds for purposes such as escrow, security deposits, or transaction guarantees under a formal account agreement. The bill defines how these accounts operate, specifying rules for when funds can be released to beneficiaries and establishing protections against creditors claiming the money. Additionally, the legislation sets clear guidelines on how banks and depositors can modify account terms and determines the conditions under which a bank must pay a beneficiary.
Mike Chippendale (R) Robert Craven (D) Jason Knight (D)
passed · Rhode Island · Senate May 24, 2024

SB 2013: AN ACT RELATING TO FOOD AND DRUGS -- PRESCRIPTION DRUG COST PROTECTION

This bill establishes a price cap for prescription drugs purchased by the state, public health plans, and private ERISA plans that choose to join the program. It requires these entities to pay no more than a specific "maximum fair price" set by the federal government for certain drugs, while still allowing pharmacies to charge a separate fee for dispensing the medication. Participating organizations must report any money saved from these lower prices to the insurance commissioner and use those funds to reduce costs for their members or promote health equity. The law also mandates that drug sellers maintain a local office in Rhode Island and authorizes the attorney general to impose fines on anyone who violates the pricing rules.
Lou DiPalma (D) Bridget Valverde (D) Linda Ujifusa (D) Alana DiMario (D) Josh Miller (D)
passed · Rhode Island · Senate May 24, 2024

SB 2607: AN ACT RELATING TO INSURANCE -- ACCIDENT AND SICKNESS INSURANCE POLICIES

This bill requires insurance plans to cover mobile response and stabilization services for children and youth up to 18 years old experiencing acute mental health crises. These services involve rapid on-site assessment and early intervention for issues such as aggression, self-injury, trauma, suicidal thoughts, and severe family conflict. The legislation mandates that these mobile services be treated the same as other behavioral health treatments regarding coverage, regardless of how they are billed. Insurance providers offering accident and sickness, nonprofit hospital, nonprofit medical service, or health maintenance organization plans must include this coverage starting January 1, 2025.
Bridget Valverde (D) Alana DiMario (D) Josh Miller (D) Val Lawson (D) Pam Lauria (D)
passed · Rhode Island · Senate May 24, 2024

SB 2273: AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- UNFAIR SALES PRACTICES

Requires businesses that offer automatic subscription renewals/continuous service offers to provide consumers with notice to the consumer prior to their engagement in the contract along with notice of renewal of subscription/cancellation info. eff. 1/1/25
Matt LaMountain (D) Hanna Gallo (D) Alana DiMario (D) John Burke (D) Dawn Euer (D)
passed · Rhode Island · Senate May 23, 2024

SB 2719: AN ACT RELATING TO BUSINESSES AND PROFESSIONS -- RHODE ISLAND DRUG COST REVIEW COMMISSION

This bill creates the Rhode Island Drug Cost Review Commission to address rising prescription drug prices by treating them similarly to regulated utilities. The new commission will consist of five appointed members and a thirteen-member advisory board representing patients, doctors, insurers, and other stakeholders. Manufacturers must notify the commission if they plan to increase drug prices by more than ten percent or introduce new drugs costing over thirty thousand dollars annually, triggering a public review process. During these reviews, the commission will analyze costs and vote on whether to set price limits for payers, with decisions made publicly by a simple majority vote.
Ryan Pearson (D) Lou DiPalma (D) Bridget Valverde (D) Alana DiMario (D) Josh Miller (D)
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