---
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: "HB 5042"
citation: "Rhode Island HB 5042 (2025)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Alzate", "Batista", "Cruz", "Diaz", "Giraldo", "Kazarian", "Lombardi", "Morales", "Newberry", "Stewart"]
version_count: 1
action_count: 12
vote_count: 1
first_action: "2025-01-15"
last_action: "2025-07-01"
source: "openstates"
source_identifier: "ocd-bill/50880165-1c6f-4a29-9286-2c18d9ae26ed"
source_url: "https://status.rilegislature.gov/"
source_hash: "7cae1650d96e717600c148b7317f901667498b0f75be8d02ea7ecdff56a703bb"
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 5042 (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. **5042 SUB A** (committee substitute) — [source](http://webserver.rilegislature.gov/BillText/BillText25/HouseText25/H5042A.pdf)

## Votes

- PASSAGE — **70–0** (pass) · lower

## Sponsors

- Alzate — primary (person)
- Batista — primary (person)
- Cruz — primary (person)
- Diaz — primary (person)
- Giraldo — primary (person)
- Kazarian — primary (person)
- Lombardi — primary (person)
- Morales — primary (person)
- Newberry — primary (person)
- Stewart — primary (person)

## Timeline

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

- **2025-01-15** 01/15/2025 Introduced, referred to House Corporations `introduction, referral-committee`
- **2025-03-07** 03/07/2025 Scheduled for hearing and/or consideration (03/13/2025)
- **2025-03-13** 03/13/2025 Committee recommended measure be held for further study `committee-failure`
- **2025-06-07** 06/07/2025 Scheduled for consideration (06/10/2025)
- **2025-06-07** 06/07/2025 Proposed Substitute `substitution`
- **2025-06-10** 06/10/2025 Committee recommends passage of Sub A `committee-passage-favorable`
- **2025-06-13** 06/13/2025 Placed on House Calendar (06/16/2025) `reading-3`
- **2025-06-16** 06/16/2025 House passed Sub A `passage`
- **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 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/50880165-1c6f-4a29-9286-2c18d9ae26ed`. Confidence: reported (aggregated from official Rhode Island legislature records).