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---
type: "Bill"
title: "AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES--CURRENCY TRANSMISSIONS (Adds virtual currency to the existing electronic money transmission and sale of check licenses and adds additional regulatory provisions to simplify and clarify licensing related thereto.)"
description: "AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES--CURRENCY TRANSMISSIONS (Adds virtual currency to the existing electronic money transmission and sale of check licenses and adds additional regulatory provisions to simplify and clarify licensing related thereto.)"
jurisdiction: "us/states/ri"
legislature: "Rhode Island General Assembly"
session: "2019"
identifier: "SB 753"
citation: "Rhode Island SB 753 (2019)"
classification: ["bill"]
subjects: ["Financial Institutions"]
status: "enacted"
primary_sponsors: ["Conley", "DiPalma", "Gallo", "Lombardo", "Valverde"]
version_count: 1
action_count: 15
vote_count: 2
first_action: "2019-04-04"
last_action: "2019-07-15"
source: "openstates"
source_identifier: "ocd-bill/20882ef9-d12d-4495-9dc7-22084fdb351d"
source_url: "http://status.rilin.state.ri.us/"
source_hash: "8460b67a459b15f78b5895ccb4861d007abb562205ddd36c41c86425b5defa3a"
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 753 (2019) — AN ACT RELATING TO FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES--CURRENCY TRANSMISSIONS (Adds virtual currency to the existing electronic money transmission and sale of check licenses and adds additional regulatory provisions to simplify and clarify licensing related thereto.)
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **753 SUB A as amended** (committee substitute) — [source](http://webserver.rilin.state.ri.us/BillText/BillText19/SenateText19/S0753Aaa.pdf)
## Votes
- Passage as Amended — **332** (pass) · upper
- Approval of Amendment — **340** (pass) · upper
## Sponsors
- Conley — primary (person)
- DiPalma — primary (person)
- Gallo — primary (person)
- Lombardo — primary (person)
- Valverde — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2019-04-04** 04/04/2019 Introduced, referred to Senate Commerce `introduction, referral-committee`
- **2019-04-19** 04/19/2019 Scheduled for hearing and/or consideration (04/23/2019)
- **2019-04-23** 04/23/2019 Committee recommended measure be held for further study
- **2019-06-14** 06/14/2019 Scheduled for consideration (06/18/2019)
- **2019-06-17** 06/17/2019 Proposed Substitute
- **2019-06-18** 06/18/2019 Committee recommends passage of Sub A `committee-passage-favorable`
- **2019-06-18** 06/18/2019 Placed on Senate Calendar (06/20/2019)
- **2019-06-20** 06/20/2019 Senate passed Sub A as amended (floor amendment) `passage`
- **2019-06-21** 06/21/2019 Referred to House Corporations `referral-committee`
- **2019-06-24** 06/24/2019 Scheduled for consideration (06/26/2019)
- **2019-06-26** 06/26/2019 Committee recommends passage of Sub A as amended in concurrence `committee-passage-favorable`
- **2019-06-26** 06/26/2019 Placed on the House Consent Calendar (06/28/2019)
- **2019-06-28** 06/28/2019 House passed Sub A as amended in concurrence `passage`
- **2019-07-11** 07/11/2019 Transmitted to Governor `executive-receipt`
- **2019-07-15** 07/15/2019 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/20882ef9-d12d-4495-9dc7-22084fdb351d`. Confidence: reported (aggregated from official Rhode Island legislature records).