---
type: "Bill"
title: "AN ACT RELATING TO FINANCIAL INSTITUTIONS -- CURRENCY TRANSMISSIONS"
description: "Creates a process for licensure/oversight by DBR over the practices/procedures of virtual currency kiosk operators to prevent fraud related to the use of virtual currency kiosks, by establishing daily transaction limits and regulation of fees."
jurisdiction: "us/states/ri"
legislature: "Rhode Island General Assembly"
session: "2025"
identifier: "SB 16"
citation: "Rhode Island SB 16 (2025)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Bell", "Burke", "DiPalma", "Gallo", "Gu", "Urso", "Zurier"]
version_count: 1
action_count: 12
vote_count: 2
first_action: "2025-01-23"
last_action: "2025-06-23"
source: "openstates"
source_identifier: "ocd-bill/84987fda-af9b-438b-9381-3b0d52155605"
source_url: "https://status.rilegislature.gov/"
source_hash: "a0d10c78937682a3717f0ec45fe2ad0a380936dae21baa238bef448438141569"
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 16 (2025) — AN ACT RELATING TO FINANCIAL INSTITUTIONS -- CURRENCY TRANSMISSIONS

Creates a process for licensure/oversight by DBR over the practices/procedures of virtual currency kiosk operators to prevent fraud related to the use of virtual currency kiosks, by establishing daily transaction limits and regulation of fees.

## Version chain

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

1. **16 SUB A** (committee substitute) — [source](http://webserver.rilegislature.gov/BillText/BillText25/SenateText25/S0016A.pdf)

## Votes

- Passage — **36–0** (pass) · upper
- IN CONCURRENCE — **71–0** (pass) · upper

## Sponsors

- Bell — primary (person)
- Burke — primary (person)
- DiPalma — primary (person)
- Gallo — primary (person)
- Gu — primary (person)
- Urso — primary (person)
- Zurier — primary (person)

## Timeline

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

- **2025-01-23** 01/23/2025 Introduced, referred to Senate Commerce `introduction, referral-committee`
- **2025-03-14** 03/14/2025 Scheduled for hearing and/or consideration (03/18/2025)
- **2025-03-18** 03/18/2025 Committee recommended measure be held for further study `committee-failure`
- **2025-05-30** 05/30/2025 Scheduled for consideration (06/02/2025)
- **2025-05-30** 05/30/2025 Proposed Substitute `substitution`
- **2025-06-02** 06/02/2025 Committee recommends passage of Sub A `committee-passage-favorable`
- **2025-06-05** 06/05/2025 Placed on Senate Calendar (06/10/2025) `reading-3`
- **2025-06-10** 06/10/2025 Senate passed Sub A `passage`
- **2025-06-13** 06/13/2025 Placed on the House Consent Calendar (06/17/2025) `reading-3`
- **2025-06-17** 06/17/2025 House passed Sub A in concurrence `passage`
- **2025-06-17** 06/17/2025 Transmitted to Governor `executive-receipt`
- **2025-06-23** 06/23/2025 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/84987fda-af9b-438b-9381-3b0d52155605`. Confidence: reported (aggregated from official Rhode Island legislature records).