---
type: "Bill"
title: "AN ACT RELATING TO INSURANCE -- INSURERS' REHABILITATION AND LIQUIDATION ACT"
description: "Provides that no person, for over ten days, shall be restricted from enforcing a right under any pledge, security, credit, guarantee agreement, arrangement or other agreement credit enhancement to which a federal home loan bank is a party."
jurisdiction: "us/states/ri"
legislature: "Rhode Island General Assembly"
session: "2024"
identifier: "HB 7432"
citation: "Rhode Island HB 7432 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Solomon"]
version_count: 1
action_count: 14
vote_count: 1
first_action: "2024-02-02"
last_action: "2024-06-17"
source: "openstates"
source_identifier: "ocd-bill/869497cc-238b-48cf-8c1f-6ed7c2644ff4"
source_url: "https://status.rilegislature.gov/"
source_hash: "d91be6286c7de9543a15ac3e14f7531ee4127f5f03d029a98aa67ee546cdc525"
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 HB 7432 (2024) — AN ACT RELATING TO INSURANCE -- INSURERS' REHABILITATION AND LIQUIDATION ACT

Provides that no person, for over ten days, shall be restricted from enforcing a right under any pledge, security, credit, guarantee agreement, arrangement or other agreement credit enhancement to which a federal home loan bank is a party.

## Version chain

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

1. **7432** (committee substitute) — [source](http://webserver.rilegislature.gov/BillText/BillText24/HouseText24/H7432.pdf)

## Votes

- PASSAGE — **68–0** (pass) · lower

## Sponsors

- Solomon — primary (person)

## Timeline

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

- **2024-02-02** 02/02/2024 Introduced, referred to House Corporations `introduction, referral-committee`
- **2024-02-23** 02/23/2024 Scheduled for hearing and/or consideration (02/27/2024)
- **2024-02-27** 02/27/2024 Committee recommended measure be held for further study `committee-failure`
- **2024-03-15** 03/15/2024 Scheduled for consideration (03/21/2024)
- **2024-03-21** 03/21/2024 Committee recommends passage `committee-passage-favorable`
- **2024-03-22** 03/22/2024 Placed on House Calendar (03/28/2024) `reading-3`
- **2024-03-28** 03/28/2024 House read and passed `passage`
- **2024-04-03** 04/03/2024 Referred to Senate Commerce `referral-committee`
- **2024-05-24** 05/24/2024 Scheduled for consideration (05/28/2024)
- **2024-05-28** 05/28/2024 Committee recommends passage in concurrence `committee-passage-favorable`
- **2024-06-05** 06/05/2024 Placed on Senate Calendar (06/11/2024) `reading-3`
- **2024-06-11** 06/11/2024 Senate passed in concurrence `passage`
- **2024-06-12** 06/12/2024 Transmitted to Governor `executive-receipt`
- **2024-06-17** 06/17/2024 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/869497cc-238b-48cf-8c1f-6ed7c2644ff4`. Confidence: reported (aggregated from official Rhode Island legislature records).