Fabio
76 lines
3.3 KiB
Markdown
76 lines
3.3 KiB
Markdown
---
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type: "Bill"
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title: "AN ACT RELATING TO FINANCIAL INSTITUTIONS -- CURRENCY TRANSMISSIONS"
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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."
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jurisdiction: "us/states/ri"
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legislature: "Rhode Island General Assembly"
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session: "2025"
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identifier: "SB 16"
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citation: "Rhode Island SB 16 (2025)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Bell", "Burke", "DiPalma", "Gallo", "Gu", "Urso", "Zurier"]
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version_count: 1
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action_count: 12
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vote_count: 2
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first_action: "2025-01-23"
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last_action: "2025-06-23"
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source: "openstates"
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source_identifier: "ocd-bill/84987fda-af9b-438b-9381-3b0d52155605"
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source_url: "https://status.rilegislature.gov/"
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source_hash: "a0d10c78937682a3717f0ec45fe2ad0a380936dae21baa238bef448438141569"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ri"]
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---
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# Rhode Island SB 16 (2025) — AN ACT RELATING TO FINANCIAL INSTITUTIONS -- CURRENCY TRANSMISSIONS
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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.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **16 SUB A** (committee substitute) — [source](http://webserver.rilegislature.gov/BillText/BillText25/SenateText25/S0016A.pdf)
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## Votes
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- Passage — **36–0** (pass) · upper
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- IN CONCURRENCE — **71–0** (pass) · upper
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## Sponsors
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- Bell — primary (person)
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- Burke — primary (person)
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- DiPalma — primary (person)
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- Gallo — primary (person)
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- Gu — primary (person)
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- Urso — primary (person)
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- Zurier — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-01-23** 01/23/2025 Introduced, referred to Senate Commerce `introduction, referral-committee`
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- **2025-03-14** 03/14/2025 Scheduled for hearing and/or consideration (03/18/2025)
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- **2025-03-18** 03/18/2025 Committee recommended measure be held for further study `committee-failure`
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- **2025-05-30** 05/30/2025 Scheduled for consideration (06/02/2025)
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- **2025-05-30** 05/30/2025 Proposed Substitute `substitution`
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- **2025-06-02** 06/02/2025 Committee recommends passage of Sub A `committee-passage-favorable`
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- **2025-06-05** 06/05/2025 Placed on Senate Calendar (06/10/2025) `reading-3`
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- **2025-06-10** 06/10/2025 Senate passed Sub A `passage`
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- **2025-06-13** 06/13/2025 Placed on the House Consent Calendar (06/17/2025) `reading-3`
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- **2025-06-17** 06/17/2025 House passed Sub A in concurrence `passage`
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- **2025-06-17** 06/17/2025 Transmitted to Governor `executive-receipt`
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- **2025-06-23** 06/23/2025 Signed by Governor `executive-signature`
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## Source
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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).
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