Rhode Island bills · 2026 Regular Session
Rhode Island SB 2902
AN ACT RELATING TO PROPERTY -- CAPACITY TO HOLD REAL ESTATE
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Valverde (Democratic)
- Euer (Democratic)
- Pearson (Democratic)
- McKenney (Democratic)
- Mack (Democratic)
- Vargas (Democratic)
- Gu (Democratic)
- DiMario (Democratic)
- Lawson (Democratic)
- Kallman (Democratic)
Summary
Official abstract published by the Rhode Island legislature· summary
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.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Apr 16, 2026 · Legislature
04/16/2026 Committee recommended measure be held for further study - Apr 10, 2026 · Legislature
04/10/2026 Scheduled for hearing and/or consideration (04/16/2026) - Mar 4, 2026 · Senate
03/04/2026 Introduced, referred to Senate Housing and Municipal Government