2015 -- S 0611 AS AMENDED

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LC002009

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2015

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S E N A T E   R E S O L U T I O N

RESPECTFULLY REQUESTING THE COMMISSIONER OF THE DEPARTMENT OF

BUSINESS BANKING REGULATION TO CONDUCT A STUDY AND MAKE

RECOMMENDATIONS ON THE LEGISLATION NECESSARY TO IMPLEMENT

CROWDFUNDING IN THE STATE OF RHODE ISLAND

     

     Introduced By: Senators Pearson, Picard, Lombardi, and Nesselbush

     Date Introduced: March 05, 2015

     Referred To: Senate Finance

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     WHEREAS, "Crowdfunding" refers to the collective cooperation, attention and trust by

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people who network and pool their money and other resources together, to support efforts

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initiated by other people or organizations; now, therefore be it

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     RESOLVED, That this Senate of the State of Rhode Island and Providence Plantations

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hereby respectfully requests the Department of Business Regulation Banking Commissioner to

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conduct a study of Rhode Island state laws that would prohibit, restrict, or otherwise relate to

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crowdfunding investment, and make recommendations to the General Assembly for specific

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statutory revisions needed to allow crowdfunding investment; and be it further

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     RESOLVED, That this Senate hereby respectfully requests the Department of Business

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Regulation Banking Commissioner to make recommendations to the General Assembly for

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specific statutory revisions needed to allow crowdfunding investment on or before April 30,

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2015; and be it further

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     RESOLVED, That the Secretary of State be and hereby is authorized and directed to

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transmit a duly certified copy of this resolution to the Banking Commissioner of the Rhode Island

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Department of Business Regulation Banking.

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LC002009

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