AN ACT RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY -- JUDGMENTS, ORDERS, AND DECREES
This bill changes how interest is calculated on civil court judgments for money damages. Instead of using a fixed 12% annual rate, it requires courts to use the current yield from U.S. Treasury bill auctions (specifically the last 52-week auction before the lawsuit was filed). The change applies to most civil cases filed after the bill passes, but medical malpractice cases (personal injury/wrongful death against healthcare providers) remain subject to the 12% rate starting from when a claim is formally notified. This policy update directly affects plaintiffs and defendants in civil lawsuits where interest is added to awarded damages.
Bill status
died
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2026
Last action Jan 29, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Jan 29, 2026
Committee
01/29/2026 Committee recommended measure be held for further study
legislature
Jan 9, 2026
Introduced
01/09/2026 Introduced, referred to House Judiciary
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Alex Finkelman
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 7033
Scope: RI
Hi! I can help you understand HB 7033. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline