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| 4 | 4 | | |
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| 5 | 5 | | 2025 -- H 5831 |
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| 6 | 6 | | ======== |
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| 7 | 7 | | LC001945 |
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| 8 | 8 | | ======== |
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| 9 | 9 | | S T A T E O F R H O D E I S L A N D |
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| 10 | 10 | | IN GENERAL ASSEMBLY |
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| 11 | 11 | | JANUARY SESSION, A.D. 2025 |
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| 12 | 12 | | ____________ |
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| 13 | 13 | | |
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| 14 | 14 | | A N A C T |
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| 15 | 15 | | RELATING TO COMMERCI AL LAW -- GENERAL REGULATORY PROVISION S -- |
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| 16 | 16 | | SENIOR SAVINGS PROTECTION ACT |
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| 17 | 17 | | Introduced By: Representatives Hopkins, Place, Roberts, J. Brien, Bennett, Corvese, and |
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| 18 | 18 | | Chippendale |
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| 19 | 19 | | Date Introduced: February 28, 2025 |
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| 20 | 20 | | Referred To: House Corporations |
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| 21 | 21 | | |
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| 22 | 22 | | |
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| 23 | 23 | | It is enacted by the General Assembly as follows: |
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| 24 | 24 | | SECTION 1. Chapter 6-40.1 of the General Laws entitled "Senior Savings Protection Act 1 |
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| 25 | 25 | | [Effective January 1, 2025.]" is hereby amended by adding thereto the following section: 2 |
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| 26 | 26 | | 6-40.1-2.1. Senior discounts. 3 |
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| 27 | 27 | | Any person or business engaged in the sale of goods or services, who offers a discount to 4 |
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| 28 | 28 | | its customers for utilizing automatic payment systems, via an automated clearinghouse (ACH) or 5 |
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| 29 | 29 | | an electronic funds transfer (EFT) or similar payment systems, shall provide the same discount to 6 |
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| 30 | 30 | | any person who is sixty-five (65) years of age or older who makes a payment using paper checks. 7 |
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| 31 | 31 | | SECTION 2. This act shall take effect upon passage. 8 |
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| 32 | 32 | | ======== |
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| 33 | 33 | | LC001945 |
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| 34 | 34 | | ======== |
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| 35 | 35 | | |
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| 36 | 36 | | |
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| 37 | 37 | | LC001945 - Page 2 of 2 |
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| 38 | 38 | | EXPLANATION |
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| 39 | 39 | | BY THE LEGISLATIVE COUNCIL |
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| 40 | 40 | | OF |
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| 41 | 41 | | A N A C T |
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| 42 | 42 | | RELATING TO COMMERCI AL LAW -- GENERAL REGULATORY PROVISIONS -- |
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| 43 | 43 | | SENIOR SAVINGS PROTECTION ACT |
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| 44 | 44 | | *** |
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| 45 | 45 | | This act would require any person or business engaged in the sale of goods or services, and 1 |
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| 46 | 46 | | who offers a discount to its customers for utilizing automatic payment systems, via ACH or EFT 2 |
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| 47 | 47 | | or similar payment systems, provide the same discount to any person who is sixty-five (65) years 3 |
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| 48 | 48 | | of age or older who makes a payment using paper checks. 4 |
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| 49 | 49 | | This act would take effect upon passage. 5 |
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| 50 | 50 | | ======== |
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| 51 | 51 | | LC001945 |
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| 52 | 52 | | ======== |
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