Bill
Bill > H7250
RI H7250
RI H7250Requires the general assembly to cap expenditures based on a five (5) year increase in personal income or the annual rate of inflation based on the consumer price index.
summary
Introduced
01/21/2026
01/21/2026
In Committee
01/21/2026
01/21/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
This act would require the general assembly to cap expenditures based on a five (5) year increase in personal income or the annual rate of inflation based on the consumer price index. This act would take effect upon passage.
AI Summary
This bill requires the state's General Assembly to set a limit, or "cap," on how much money the government can spend each year. This spending cap would be determined by looking at either the average increase in personal income over the past five years or the annual rate of inflation, as measured by the Consumer Price Index (CPI), whichever is higher. The CPI is a common measure of how much the prices of everyday goods and services are changing. This change to the law would become effective as soon as the bill is passed.
Committee Categories
Budget and Finance
Sponsors (8)
George Nardone (R)*,
Michael Chippendale (R),
Richard Fascia (R),
Marie Hopkins (R),
Christopher Paplauskas (R),
David Place (R),
Bob Quattrocchi (R),
Paul Santucci (R),
Last Action
Introduced, referred to House Finance (on 01/21/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://status.rilegislature.gov/ |
| BillText | https://webserver.rilegislature.gov/BillText26/HouseText26/H7250.pdf |
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