Rhode Island 2025 Regular Session

Rhode Island House Bill H5549

Introduced
2/26/25  
Refer
2/26/25  
Report Pass
6/12/25  
Engrossed
6/16/25  

Caption

Provides a framework through which the department of business regulation can seek grants to fund a home hardening program.

Impact

If H5549 is enacted, it will significantly amend the existing Rhode Island property and casualty insurance law to include provisions that support homeowners and communities in mitigating hurricane-related damages. The program establishes eligibility criteria for receiving grants and outlines how funds should be utilized for retrofitting properties to withstand windstorm impacts. This initiative is expected to lead to a greater level of community preparedness and a potential decrease in insurance claims related to hurricane damages, thereby benefiting the insurance market and the state’s economy.

Summary

House Bill H5549 aims to enhance hurricane resiliency in Rhode Island by providing a framework for the Department of Business Regulation to seek grants aimed at strengthening residential properties against hurricane and other catastrophic events. The bill outlines provisions for a new program, known as the 'strengthen rhody homes program', which allows for financial assistance and grants conditioned on the implementation of specified resilience measures in homes. The act proposes making these funds available to both residential owners and nonprofit organizations engaged in relevant projects, promoting safety and preparedness in the face of increasing severe weather incidents.

Sentiment

The sentiment around H5549 appears positive, as it aligns with current needs for disaster readiness and addresses the growing concerns over climate change-related risks. Stakeholders recognize the importance of bolstering residential infrastructures against hurricanes, which have been increasingly disruptive in recent years. While the primary discussion points reflect support for enhancing home resiliency, there may be apprehensions regarding the funding sources, the potential bureaucratic overhead involved in grant distribution, and ensuring equitable access for low-income communities.

Contention

Some points of contention surrounding H5549 might include discussions about the adequacy of funding and the efficiency of the grant application process. Critics may express concerns about whether the grants will be sufficient to make a meaningful impact given the scale of needed improvements across many homes. Additionally, ensuring transparent guidelines for the use of funds and compliance with local building codes will be critical to prevent misuse or fraud, which may lead to skepticism about the overall effectiveness of the program.

Companion Bills

No companion bills found.

Previously Filed As

RI H7088

Provides that municipal insurance corporations be subject to laws regulating insurance companies and be regulated by the Rhode Island department of business regulation.

RI H6147

Department Of Business Regulation

RI H5832

Producer Licensing Act

RI S0697

Producer Licensing Act

RI S2444

Provides that the Interlocal Risk Management trust would be subject to the department of business regulation and the attorney general conducting investigations of trust practices in the areas of health insurance and workers' compensation insurance.

RI S2628

Establishes a universal, comprehensive, affordable single-payer health care insurance program and helps control health care costs, which would be referred to as, "the Rhode Island Comprehensive Health Insurance Program" (RICHIP).

RI H8242

Establishes a universal, comprehensive, affordable single-payer health care insurance program and helps control health care costs, which would be referred to as, "the Rhode Island Comprehensive Health Insurance Program" (RICHIP).

RI H5734

Department Of Business Regulation

RI S2270

Provides that no person, for over ten days, shall be restricted from enforcing a right under any pledge, security, credit, guarantee agreement, arrangement or other agreement credit enhancement to which a federal home loan bank is a party.

RI H7432

Provides that no person, for over ten days, shall be restricted from enforcing a right under any pledge, security, credit, guarantee agreement, arrangement or other agreement credit enhancement to which a federal home loan bank is a party.

Similar Bills

RI S0604

Provides a framework through which the department of business regulation can seek grants to fund a home hardening program.

MS SB2413

The "Strengthen Mississippi Homes Program"; designate and prescribe mitigation requirements.

MS HB1127

Strengthen Mississippi Homes Act; create and provide fund for.

MS HB1173

Comprehensive Hurricane Damage Mitigation Program; rename to Strengthen MS Homes Program and revise nonadmitted policy fee.

MS HB1328

Comprehensive Hurricane Damage Mitigation Program; rename to strengthen MS Homes Program and provide funding.

MN HF2300

Premium discounts and rate reductions provided, strengthen Minnesota homes program established, account established, and rulemaking authorized.

MN SF2219

Historical horse racing prohibition

LA HR341

Requests the Louisiana Department of Insurance to conduct a comprehensive study on incentives and standard benchmarks for integration into the Louisiana Fortify Homes Program