---
type: "Bill"
title: "AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- INTEREST AND USURY"
description: "Provides an interest rate cap on medical debt."
jurisdiction: "us/states/ri"
legislature: "Rhode Island General Assembly"
session: "2025"
identifier: "HB 5235"
citation: "Rhode Island HB 5235 (2025)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Baginski", "Casimiro", "Corvese", "Finkelman", "Furtado", "Handy", "Noret", "Read", "Shallcross Smith", "Speakman"]
version_count: 1
action_count: 15
vote_count: 1
first_action: "2025-01-29"
last_action: "2025-06-26"
source: "openstates"
source_identifier: "ocd-bill/d229b0e5-bd14-4ba9-ae68-da58a2e835af"
source_url: "https://status.rilegislature.gov/"
source_hash: "7c8e8cc689f29e5beeb3ed289b33169b2519219eba7262540c651ac2ac3c5644"
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 5235 (2025) — AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- INTEREST AND USURY

Provides an interest rate cap on medical debt.

## Version chain

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

1. **5235 SUB A** (committee substitute) — [source](http://webserver.rilegislature.gov/BillText/BillText25/HouseText25/H5235A.pdf)

## Votes

- PASSAGE — **66–0** (pass) · lower

## Sponsors

- Baginski — primary (person)
- Casimiro — primary (person)
- Corvese — primary (person)
- Finkelman — primary (person)
- Furtado — primary (person)
- Handy — primary (person)
- Noret — primary (person)
- Read — primary (person)
- Shallcross Smith — primary (person)
- Speakman — primary (person)

## Timeline

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

- **2025-01-29** 01/29/2025 Introduced, referred to House Corporations `introduction, referral-committee`
- **2025-02-21** 02/21/2025 Scheduled for hearing and/or consideration (02/25/2025)
- **2025-02-25** 02/25/2025 Committee recommended measure be held for further study `committee-failure`
- **2025-05-09** 05/09/2025 Scheduled for consideration (05/15/2025)
- **2025-05-09** 05/09/2025 Proposed Substitute `substitution`
- **2025-05-15** 05/15/2025 Committee recommends passage of Sub A `committee-passage-favorable`
- **2025-05-30** 05/30/2025 Placed on House Calendar (06/03/2025) `reading-3`
- **2025-06-03** 06/03/2025 House passed Sub A `passage`
- **2025-06-11** 06/11/2025 Referred to Senate Commerce `referral-committee`
- **2025-06-14** 06/14/2025 Scheduled for consideration (06/17/2025)
- **2025-06-17** 06/17/2025 Committee recommends passage of Sub A in concurrence `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 in concurrence `passage`
- **2025-06-23** 06/23/2025 Transmitted to Governor `executive-receipt`
- **2025-06-26** 06/26/2025 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/d229b0e5-bd14-4ba9-ae68-da58a2e835af`. Confidence: reported (aggregated from official Rhode Island legislature records).