Rhode Island legislation · 2026 Regular Session
Rhode Island H7751: AN ACT RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY -- LITIGATION LENDING AGREEMENTS (Makes litigation loan agr
Status: Failed, June 2, 2026
AN ACT RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY -- LITIGATION LENDING AGREEMENTS (Makes litigation loan agreements subject to state usury laws.)
What the bill says
From the introduced text, February 12, 2026:
2026 -- H 7751 ======== LC005153 ======== STATEOFRHODEISLAND IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 2026 ____________ ANACT RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY -- LITIGATION LENDING AGREEMENTS Introduced By: Representatives Shanley, Potter, Craven, McEntee, Kazarian, and Corvese Date Introduced: February 12, 2026 Referred To: House Judiciary It is enacted by the General Assembly as follows: SECTION 1. Title 9 of the General Laws entitled "COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY" is hereby amended by adding thereto the following chapter: CHAPTER 3.1 LITIGATION LENDING AGREEMENTS 9-3.1-1. Legislative findings. The general assembly finds and declares that: (1) Litigation financing contracts are being entered into where companies advance money to a litigant in return for payment from litigation proceeds at effective annual interest rates far exceeding state usury limits; and (2) These contracts often bear annual interest rates which exceed one hundred percent (100%); and (3) These rates are detrimental to the general welfare of the citizens of this state and it is necessary to enact legislation to ensure that litigation-funding advances conform to state laws governing usurious loans. 9-3.1-2. Litigation lending agreement defined. A "litigation lending agreement" (LLA) is any agreement whereby monies are paid to parties to civil litigation (litigants) in consideration for a litigant's agreement to repay these monies (with or without interest, one-time charges, use …
Sponsors
- Evan Shanley (D) · primary sponsor
- Brandon Potter (D, HD-016)
- Robert Craven (D)
- Hagan McEntee, Carol (D, HD-033)
- Katherine Kazarian (D, HD-063)
- Arthur Corvese (D, HD-055)
Latest actions
- : Meeting postponed
- : Scheduled for consideration
- : Committee recommended measure be held for further study
- : Scheduled for hearing and/or consideration
- : Introduced, referred to House Judiciary
Subjects: COURTS AND CIVIL PROCEDURE
Common questions
- What is H7751?
- H7751 is a bill in the Rhode Island Legislature (2026 Regular Session): AN ACT RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY -- LITIGATION LENDING AGREEMENTS (Makes litigation loan agr.
- What does H7751 do?
- AN ACT RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY -- LITIGATION LENDING AGREEMENTS (Makes litigation loan agreements subject to state usury laws.)
- What is the status of H7751?
- Failed as of June 2, 2026. Latest action: Meeting postponed (June 2, 2026).
- Who sponsored H7751?
- Evan Shanley (D), with 5 co-sponsors.
- Where is the official record for H7751?
- On the Rhode Island Legislature website: http://webserver.rilegislature.gov/BillText/BillText26/HouseText26/H7751.pdf
Source: official Rhode Island record. Tracked by Delilah, AI for legislation across all 50 states and Congress.