2017 -- H 5292 | |
======== | |
LC000105 | |
======== | |
STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2017 | |
____________ | |
A N A C T | |
RELATING TO COMMERCIAL LAW--GENERAL REGULATORY PROVISIONS -- | |
DECEPTIVE TRADE PRACTICES | |
| |
Introduced By: Representatives Lima, Jacquard, Ucci, and Marshall | |
Date Introduced: January 27, 2017 | |
Referred To: House Corporations | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 6-13.1-4 of the General Laws in Chapter 6-13.1 entitled "Deceptive |
2 | Trade Practices" is hereby amended to read as follows: |
3 | 6-13.1-4. Exemptions. |
4 | Nothing in this chapter shall apply to actions or transactions permitted under laws |
5 | administered by the department of business regulation or other regulatory body or officer acting |
6 | under statutory authority of this state or the United States. Nothing in this chapter shall apply to |
7 | actions, transactions, entities or their affiliates that are subject to regulation or supervisory or |
8 | enforcement jurisdiction of the United States Securities and Exchange Commission, the United |
9 | States Commodity Futures Trading Commission, the Financial Industry Regulatory Authority, the |
10 | United States Department of Labor, federal or state bank regulatory authorities, or similar |
11 | financial regulatory oversight bodies or authorities, or to those entities or persons licensed in |
12 | accordance with the provisions of title 19, title 27, and chapter 20.5 of title 5. |
13 | SECTION 2. This act shall take effect upon passage. |
======== | |
LC000105 | |
======== | |
| |
EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO COMMERCIAL LAW--GENERAL REGULATORY PROVISIONS -- | |
DECEPTIVE TRADE PRACTICES | |
*** | |
1 | This act would specify certain exemptions to the state's deceptive trade practices act. The |
2 | exemptions would apply to actions and entities subject to regulation by certain enumerated |
3 | federal commissions and authorities and state licensed real estate brokers and salespersons. |
4 | This act would take effect upon passage. |
======== | |
LC000105 | |
======== | |
| LC000105 - Page 2 of 2 |