---
type: "Bill"
title: "AN ACT RELATING TO FINANCIAL INSTITUTIONS -- THE RHODE ISLAND SPECIAL DEPOSITS ACT"
description: "Establishes the Rhode Island Special Deposits Act to be governed by an account agreement between the bank and the depositor or its beneficiary."
jurisdiction: "us/states/ri"
legislature: "Rhode Island General Assembly"
session: "2026"
identifier: "HB 7265"
citation: "Rhode Island HB 7265 (2026)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Dawson", "Knight", "McEntee"]
version_count: 1
action_count: 14
vote_count: 1
first_action: "2026-01-23"
last_action: "2026-06-19"
source: "openstates"
source_identifier: "ocd-bill/36bad521-9e60-4a20-a39f-aa6a9c7216a0"
source_url: "https://status.rilegislature.gov/"
source_hash: "07ce12889342b8c1b6f682514004195ab78ef645af018462359e7c95c92d1ff3"
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 7265 (2026) — AN ACT RELATING TO FINANCIAL INSTITUTIONS -- THE RHODE ISLAND SPECIAL DEPOSITS ACT

Establishes the Rhode Island Special Deposits Act to be governed by an account agreement between the bank and the depositor or its beneficiary.

## Version chain

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

1. **7265** (committee substitute) — [source](http://webserver.rilegislature.gov/BillText/BillText26/HouseText26/H7265.pdf)

## Votes

- PASSAGE — **69–0** (pass) · lower

## Sponsors

- Dawson — primary (person)
- Knight — primary (person)
- McEntee — primary (person)

## Timeline

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

- **2026-01-23** 01/23/2026 Introduced, referred to House Corporations `introduction, referral-committee`
- **2026-01-23** 01/23/2026 Scheduled for hearing and/or consideration (01/27/2026)
- **2026-01-27** 01/27/2026 Committee recommended measure be held for further study `committee-failure`
- **2026-03-06** 03/06/2026 Scheduled for consideration (03/12/2026)
- **2026-03-12** 03/12/2026 Committee recommends passage `committee-passage-favorable`
- **2026-03-13** 03/13/2026 Placed on House Calendar (03/19/2026) `reading-3`
- **2026-03-19** 03/19/2026 House read and passed `passage`
- **2026-03-27** 03/27/2026 Referred to Senate Commerce `referral-committee`
- **2026-05-01** 05/01/2026 Scheduled for consideration (05/05/2026)
- **2026-05-05** 05/05/2026 Committee recommends passage in concurrence `committee-passage-favorable`
- **2026-06-05** 06/05/2026 Placed on Senate Calendar (06/09/2026) `reading-3`
- **2026-06-09** 06/09/2026 Senate passed in concurrence `passage`
- **2026-06-16** 06/16/2026 Transmitted to Governor `executive-receipt`
- **2026-06-19** 06/19/2026 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/36bad521-9e60-4a20-a39f-aa6a9c7216a0`. Confidence: reported (aggregated from official Rhode Island legislature records).