HB 7033 Rhode Island House · 2026 Regular Session

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
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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
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P
Photo of Alex Finkelman
Alex Finkelman
DDemocratic
RI
74