---
type: "Bill"
title: "AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES"
description: "Repeals the provisions of the general laws allowing deferred deposit providers, also known as \"payday lenders.\""
jurisdiction: "us/states/ri"
legislature: "Rhode Island General Assembly"
session: "2025"
identifier: "SB 229"
citation: "Rhode Island SB 229 (2025)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Bell", "Bissaillon", "Euer", "Kallman", "Mack", "Quezada", "Thompson"]
version_count: 1
action_count: 12
vote_count: 2
first_action: "2025-02-13"
last_action: "2025-07-01"
source: "openstates"
source_identifier: "ocd-bill/f044127e-1951-4709-922b-2d435bddfa65"
source_url: "https://status.rilegislature.gov/"
source_hash: "6037a30a1ebd28b1a967d75e1b3d402c5081c4b5847899b9ca80932eb6a4afd5"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ri"]
---

# Rhode Island SB 229 (2025) — AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES

Repeals the provisions of the general laws allowing deferred deposit providers, also known as "payday lenders."

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **229 SUB A** (committee substitute) — [source](http://webserver.rilegislature.gov/BillText/BillText25/SenateText25/S0229A.pdf)

## Votes

- IN CONCURRENCE — **71–0** (pass) · upper
- Passage — **28–6** (pass) · upper

## Sponsors

- Bell — primary (person)
- Bissaillon — primary (person)
- Euer — primary (person)
- Kallman — primary (person)
- Mack — primary (person)
- Quezada — primary (person)
- Thompson — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2025-02-13** 02/13/2025 Introduced, referred to Senate Commerce `introduction, referral-committee`
- **2025-05-16** 05/16/2025 Scheduled for hearing and/or consideration (05/20/2025)
- **2025-05-20** 05/20/2025 Committee recommended measure be held for further study `committee-failure`
- **2025-06-14** 06/14/2025 Scheduled for consideration (06/17/2025)
- **2025-06-16** 06/16/2025 Proposed Substitute `substitution`
- **2025-06-17** 06/17/2025 Committee recommends passage of Sub A `committee-passage-favorable`
- **2025-06-18** 06/18/2025 Placed on Senate Calendar (06/20/2025) `reading-3`
- **2025-06-20** 06/20/2025 Senate passed Sub A `passage`
- **2025-06-20** 06/20/2025 Placed on House Calendar (06/20/2025) `reading-3`
- **2025-06-20** 06/20/2025 House passed Sub A in concurrence `passage`
- **2025-06-25** 06/25/2025 Transmitted to Governor `executive-receipt`
- **2025-07-01** 07/01/2025 Signed by Governor `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f044127e-1951-4709-922b-2d435bddfa65`. Confidence: reported (aggregated from official Rhode Island legislature records).