Establishes requirements for capital, liquidity, and corporate governance including: audit, risk management, and board oversight, for nonbank mortgage servicers.
Requires any person in the business of selling, assigning or buying an equitable interest in real estate without taking legal title to such property, to be licensed as a real estate broker or salesperson and to comply with the disclosure requirements.
Maddy summaryThis bill officially names a specific bridge in Providence, Rhode Island, the George Nee Bridge. It directly affects the state's infrastructure by permanently assigning this name to bridge number 44-000000000007010, which carries U.S. Route 44 (Smith Street) over Interstate 95. The legislation amends existing state laws to establish this naming designation, which will take effect immediately upon the bill's passage.
Allows any member of a federally recognized Indian tribe located in Rhode Island to receive recreational freshwater and saltwater fishing licenses free of charge.
Requires that reimbursement rates for certified mobile response and stabilization services be equal to or greater than the prevailing integrated state Medicaid rate for mobile response and stabilizations services.
Maddy summaryThis bill strengthens oversight of pharmacy benefits managers in Rhode Island by requiring them to register with the state and submit detailed annual reports about their financial relationships with insurers. It prohibits these managers from forcing pharmacies to substitute generic drugs without prescriber approval and bans them from stopping pharmacists from sharing pricing information with patients. The legislation also prevents pharmacy benefits managers from charging copayments that exceed what pharmacies are paid and mandates a clear appeals process for disputes over drug pricing. These changes directly affect pharmacy benefits managers, insurers, pharmacies, and patients who use prescription drug coverage in the state.
Maddy summarySB 2678 increases the monthly minimum retirement benefit paid to spouses, domestic partners, and former spouses of retired teachers. This change directly affects individuals who receive survivor benefits under the teachers' retirement system. The bill raises the minimum monthly payment amount without altering other retirement eligibility rules. It was introduced on February 27, 2026, and referred to the Senate Finance Committee.
Maddy summarySB 2047 clarifies the legal definitions of criminal offenses by adjusting imprisonment thresholds. It redefines a felony as any offense punishable by more than 364 days in jail (previously one year), a misdemeanor as 6 months to 364 days (previously up to one year), and specifies petty misdemeanors and violations with updated fine limits. This bill directly affects all criminal cases classified under these categories in the state's legal system, ensuring consistent application of sentencing terms. The change takes effect immediately upon passage.
Extends certain protocols applicable to motor vehicle manufacturers to their distributors and factory branches, as well as updates warranty reimbursement and recalls obligation policies.
Maddy summarySB 2519 establishes the Rhode Island Special Deposits Act, creating standardized rules for certain types of bank deposits governed by written agreements between banks, depositors, and beneficiaries. It defines a "special deposit" as funds held under an account agreement for specific purposes like escrow, security deposits, or payment system settlements, with clear terms for when beneficiaries can receive funds. The act outlines requirements for account agreements, beneficiary rights, and bank obligations - such as paying only after a stated contingency occurs and the bank knows about it - while protecting these deposits from creditor claims. It directly affects banks, depositors (e.g., businesses or individuals setting up these deposits), and beneficiaries (e.g., tenants or settlement recipients), but does not change general banking rules or create new financial products.
