Rhode Island H7797: AN ACT RELATING TO PROBATE PRACTICE AND PROCEDURE -- UNCLAIMED INTANGIBLE AND TANGIBLE PROPERTY (Funds the Rhode Island baby bon

What the bill says

From the introduced text, February 12, 2026:

2026 -- H 7797 ======== LC004645 ======== STATEOFRHODEISLAND IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 2026 ____________ ANACT RELATING TO PROBATE PRACTICE AND PROCEDURE -- UNCLAIMED INTANGIBLE AND TANGIBLE PROPERTY Introduced By: Representatives Giraldo, Stewart, Voas, Potter, Alzate, Handy, and Sanchez Date Introduced: February 12, 2026 Referred To: House Finance (General Treasurer) It is enacted by the General Assembly as follows: SECTION 1. Section 33-21.1-23 of the General Laws in Chapter 33-21.1 entitled "Unclaimed Intangible and Tangible Property" is hereby amended to read as follows: 33-21.1-23. Deposit of funds. (a) Except as otherwise provided by this section, the administrator shall promptly deposit in the general fund of this state all funds received under this chapter, including the proceeds from the sale of abandoned property under § 33-21.1-22 Rhode Island baby bond trust a one-time three thousand dollar ($3,000) allocation for each designated beneficiary as defined in § 35-24-1 born in the preceding calendar year. The administrator shall promptly deposit all remaining funds in the general fund of this state, including the proceeds from the sale of abandoned property under § 3321.1-22. The administrator shall retain in a separate bank account an amount not less than one hundred thousand dollars ($100,000) from which prompt payment of claims duly allowed must be made by him or her. Before making the deposit, the administrator …

Read the full official text

Sponsors

• Joshua Giraldo (D, HD-056) · primary sponsor
• Jennifer Stewart (D, HD-059)
• Brandon Voas (D)
• Brandon Potter (D, HD-016)
• Karen Alzate (D, HD-060)
• Arthur Handy (D, HD-018)
• Enrique Sanchez (D, HD-009)

Latest actions

1. May 12, 2026: Committee recommended measure be held for further study
2. May 8, 2026: Scheduled for hearing and/or consideration
3. February 12, 2026: Introduced, referred to House Finance

Common questions

What is H7797?

H7797 is a bill in the Rhode Island Legislature (2026 Regular Session): AN ACT RELATING TO PROBATE PRACTICE AND PROCEDURE -- UNCLAIMED INTANGIBLE AND TANGIBLE PROPERTY (Funds the Rhode Island baby bon.

What does H7797 do?

AN ACT RELATING TO PROBATE PRACTICE AND PROCEDURE -- UNCLAIMED INTANGIBLE AND TANGIBLE PROPERTY (Funds the Rhode Island baby bonds trust program without the use of taxpayer dollars through an annual allocation of unclaimed property remittances.)

What is the status of H7797?

Failed as of May 12, 2026. Latest action: Committee recommended measure be held for further study (May 12, 2026).

Who sponsored H7797?

Joshua Giraldo (D, HD-056), with 6 co-sponsors.

Where is the official record for H7797?

On the Rhode Island Legislature website: http://webserver.rilegislature.gov/BillText/BillText26/HouseText26/H7797.pdf