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H 7413RHODE ISLANDSession 2026State Billdead

Did Not Advance

Rhode Island Bill Creates Blockchain Council and Special Depository Institutions

Original title: AN ACT RELATING TO STATE AFFAIRS AND GOVERNMENT -- RHODE ISLAND ECONOMIC GROWTH BLOCKCHAIN ACT (Creates a council to supervise, manage and regulate special depository institutions. The act also allows for the controlled issuance of limited waivers of regulatory requirements for the creators of innovative financial products.)

Last action · February 3, 2026: Committee recommended measure be held for further studySponsor: David Place

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Proposed

Rhode Island House Bill 7413 establishes a council to supervise, manage, and regulate and authorizes limited for innovative financial product creators.

Why it matters

Establishes a new regulatory framework for financial technology entities operating within the state, altering oversight structures for digital asset and blockchain enterprises.

Background

House Bill 7413 was introduced in the Rhode Island House of Representatives during the 2026 legislative session and referred to a House committee for further study. context

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Financial technology creators

Eligible to receive limited waivers of regulatory requirements for innovative financial products.

Directly affected

Special depository institutions

Subject to supervision, management, and regulation by the newly established council.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What does House Bill 7413 create?

It creates a council to supervise, manage, and regulate , and allows for limited waivers of regulatory requirements for innovative financial product creators.

What is the official name of the act?

The Rhode Island Economic Growth .

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

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Votes, people, money & the original source

Where This Stands

This bill did not become law - Died at adjournment · in House committee.

Procedural history

3 actions

Feb 3, 2026
Committee recommended measure be held for further study
Jan 30, 2026
Scheduled for hearing and/or consideration (02/03/2026)
Jan 30, 2026Introduced
Introduced, referred to House Corporations

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Connected Entities

David Place

PersonDavid Place“Primary sponsor of House Bill 7413”Map →

Sources

Open source document

status.rilegislature.gov

Analysis Score

0–100

Significance20
Lowered because this bill did not pass (its text scored 60)
Controversy35
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz40
Current news / social attention level

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