Bill Commons

RI SB 2902

dead

AN ACT RELATING TO PROPERTY -- CAPACITY TO HOLD REAL ESTATE

Rhode Island · 2026 Regular Session · upper

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Quick answers

Did RI SB 2902 pass?

No. RI SB 2902 did not pass — it was defeated or died in the legislative process. Latest recorded action (2026-04-16): 04/16/2026 Committee recommended measure be held for further study

What is RI SB 2902 about?

Precludes a legal entity from owning property whose value is over $25,000,000. If the property value exceeds $25,000,000, then the entity must divest a graduated yearly amount over the next 10 years, until value is less than $25,000,000.

Who sponsors RI SB 2902?

Valverde, Euer, Pearson and 7 others are the primary sponsors of RI SB 2902.

Description

Precludes a legal entity from owning property whose value is over $25,000,000. If the property value exceeds $25,000,000, then the entity must divest a graduated yearly amount over the next 10 years, until value is less than $25,000,000.

Introduced
2026-03-04
Latest action
2026-04-16 — 04/16/2026 Committee recommended measure be held for further study
Bill type
bill
Last updated
—

Sponsors

  • Valverdeprimary
  • Euerprimary
  • Pearsonprimary
  • McKenneyprimary
  • Mackprimary
  • Vargasprimary
  • Guprimary
  • DiMarioprimary
  • Lawsonprimary
  • Kallmanprimary

Committees

Not provided by source.

Action timeline

Newest first

  1. 2026-04-16

    04/16/2026 Committee recommended measure be held for further study

    committee-failure

  2. 2026-04-10

    04/10/2026 Scheduled for hearing and/or consideration (04/16/2026)

  3. 2026-03-04

    03/04/2026 Introduced, referred to Senate Housing and Municipal Government

    introduction,referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

No related bills recorded for this bill.

Official source

https://status.rilegislature.gov/

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:31:46.990152Z

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Known limitations

  • Sponsor party and chamber affiliation are not yet captured by this API.
  • Committee referrals are not yet captured.

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