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---
type: "Bill"
title: "AN ACT RELATING TO FINANCIAL INSTITUTIONS -- POWERS AND OPERATIONS"
description: "Amends outdated provisions of the banking statutes and the home loan protection act, adds consumer protections, including minimum capital requirements and limits on investments, for currency transmitters, including crypto currency."
jurisdiction: "us/states/ri"
legislature: "Rhode Island General Assembly"
session: "2024"
identifier: "SB 2803"
citation: "Rhode Island SB 2803 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Sosnowski"]
version_count: 1
action_count: 13
vote_count: 2
first_action: "2024-03-22"
last_action: "2024-06-25"
source: "openstates"
source_identifier: "ocd-bill/19a5ba3c-5aec-420e-8d90-ef82c9718f31"
source_url: "https://status.rilegislature.gov/"
source_hash: "b709bf8415b662f22946259c75176c72b461928c0671ff4c235d632140087b27"
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 2803 (2024) — AN ACT RELATING TO FINANCIAL INSTITUTIONS -- POWERS AND OPERATIONS
Amends outdated provisions of the banking statutes and the home loan protection act, adds consumer protections, including minimum capital requirements and limits on investments, for currency transmitters, including crypto currency.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **2803** (committee substitute) — [source](http://webserver.rilegislature.gov/BillText/BillText24/SenateText24/S2803.pdf)
## Votes
- Passage — **342** (pass) · upper
- IN CONCURRENCE — **632** (pass) · upper
## Sponsors
- Sosnowski — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2024-03-22** 03/22/2024 Introduced, referred to Senate Commerce `introduction, referral-committee`
- **2024-04-05** 04/05/2024 Scheduled for hearing and/or consideration (04/09/2024)
- **2024-04-09** 04/09/2024 Committee recommended measure be held for further study `committee-failure`
- **2024-06-07** 06/07/2024 Scheduled for consideration (06/10/2024)
- **2024-06-10** 06/10/2024 Committee recommends passage `committee-passage-favorable`
- **2024-06-10** 06/10/2024 Placed on Senate Calendar (06/12/2024) `reading-3`
- **2024-06-12** 06/12/2024 Senate read and passed `passage`
- **2024-06-12** 06/12/2024 Placed on the House Consent Calendar (06/13/2024) `reading-3`
- **2024-06-13** 06/13/2024 Removed from House Consent Calendar and
- **2024-06-13** 06/13/2024 Placed on House Calendar (06/13/2024) `reading-3`
- **2024-06-13** 06/13/2024 House passed in concurrence `passage`
- **2024-06-21** 06/21/2024 Transmitted to Governor `executive-receipt`
- **2024-06-25** 06/25/2024 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/19a5ba3c-5aec-420e-8d90-ef82c9718f31`. Confidence: reported (aggregated from official Rhode Island legislature records).