---
type: "Bill"
title: "AN ACT RELATING TO FINANCIAL INSTITUTIONS -- CREATION AND EXPANSION (Amends a number of provisions in the general laws relative to financial institutions by eliminating unnecessary requirements and/or clarifying language in order to reduce certain burdens on businesses operating in Rhode Island.)"
description: "AN ACT RELATING TO FINANCIAL INSTITUTIONS -- CREATION AND EXPANSION (Amends a number of provisions in the general laws relative to financial institutions by eliminating unnecessary requirements and/or clarifying language in order to reduce certain burdens on businesses operating in Rhode Island.)"
jurisdiction: "us/states/ri"
legislature: "Rhode Island General Assembly"
session: "2022"
identifier: "HB 7781"
citation: "Rhode Island HB 7781 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Solomon"]
version_count: 1
action_count: 15
vote_count: 1
first_action: "2022-03-03"
last_action: "2022-06-29"
source: "openstates"
source_identifier: "ocd-bill/630ec0ec-d78a-4e15-86ee-90a375e5da89"
source_url: "https://status.rilegislature.gov/"
source_hash: "3647187ddf0e79ab43300238a4edf80c80e5a52bc64d4c66cfb4b065d69891d5"
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 7781 (2022) — AN ACT RELATING TO FINANCIAL INSTITUTIONS -- CREATION AND EXPANSION (Amends a number of provisions in the general laws relative to financial institutions by eliminating unnecessary requirements and/or clarifying language in order to reduce certain burdens on businesses operating in Rhode Island.)

## Version chain

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

1. **7781 SUB A** (committee substitute) — [source](http://webserver.rilin.state.ri.us/BillText/BillText22/HouseText22/H7781A.pdf)

## Votes

- PASSAGE — **68–0** (pass) · lower

## Sponsors

- Solomon — primary (person)

## Timeline

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

- **2022-03-03** 03/03/2022 Introduced, referred to House Corporations `introduction, referral-committee`
- **2022-03-11** 03/11/2022 Scheduled for hearing and/or consideration (03/15/2022)
- **2022-03-15** 03/15/2022 Committee recommended measure be held for further study `committee-failure`
- **2022-03-18** 03/18/2022 Scheduled for consideration (03/23/2022)
- **2022-03-22** 03/22/2022 Proposed Substitute `substitution`
- **2022-03-23** 03/23/2022 Committee recommends passage of Sub A `committee-passage-favorable`
- **2022-03-25** 03/25/2022 Placed on House Calendar (03/31/2022) `reading-3`
- **2022-03-31** 03/31/2022 House passed Sub A `passage`
- **2022-04-05** 04/05/2022 Referred to Senate Judiciary `referral-committee`
- **2022-06-14** 06/14/2022 Scheduled for consideration (06/16/2022)
- **2022-06-16** 06/16/2022 Committee recommends passage of Sub A in concurrence `committee-passage-favorable`
- **2022-06-23** 06/23/2022 Placed on Senate Calendar (06/23/2022) `reading-3`
- **2022-06-23** 06/23/2022 Senate passed Sub A in concurrence `passage`
- **2022-06-24** 06/24/2022 Transmitted to Governor `executive-receipt`
- **2022-06-29** 06/29/2022 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/630ec0ec-d78a-4e15-86ee-90a375e5da89`. Confidence: reported (aggregated from official Rhode Island legislature records).