COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- SENIOR SAVINGS PROTECTION ACT, the official text

H7266 2026 -- H 7266 ======== LC003949 ======== STATE OF RHODE ISLAND IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 2026 ____________ A N A C T RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- SENIOR SAVINGS PROTECTION ACT Introduced By: Representatives Hopkins, J. Brien, Casimiro, Shanley, Perez, Solomon, Nardone, Fascia, Read, and Tanzi Date Introduced: January 23, 2026 Referred To: House Corporations It is enacted by the General Assembly as follows: 1 SECTION 1. Chapter 6-40.1 of the General Laws entitled Senior Savings Protection Act 2 [Effective January 1, 2025.] is hereby amended by adding thereto the following section: 3 6-40.1-2.1. Senior discounts. 4 Any person or business engaged in the sale of goods or services, who offers a discount to 5 its customers for utilizing automatic payment systems, via an automated clearinghouse (ACH) or 6 an electronic funds transfer (EFT) or similar payment systems, shall provide the same discount to 7 any person who is sixty-five (65) years of age or older who makes a payment using paper checks. 8 SECTION 2. This act shall take effect upon passage. ======== LC003949 ======== EXPLANATION BY THE LEGISLATIVE COUNCIL OF A N A C T RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- SENIOR SAVINGS PROTECTION ACT *** 1 This act would require any person or business engaged in the sale of goods or services, and 2 who offers a discount to its customers for utilizing automatic payment systems, via ACH or EFT 3 or similar payment systems, provide the same discount to any person who is sixty-five (65) years 4 of age or older who makes a payment using paper checks. 5 This act would take effect upon passage. ======== LC003949 ======== LC003949 - Page 2 of 2