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RI S2091
Bill
Status
1/16/2026
Primary Sponsor
Matthew LaMountain
Click for details
AI Summary
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Individual retirement accounts (IRAs) would be added to the list of exempt resources that do not disqualify individuals from receiving general public assistance in Rhode Island
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Currently exempt resources include: an occupied home, one motor vehicle with equity up to $4,650, cash/liquid assets up to $400, tools of the trade up to $1,000, and household furnishings
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ABLE accounts (tax-advantaged savings accounts for people with disabilities) would be fully protected from state creditor claims upon the death of the designated beneficiary
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Removes the existing provision that allowed the state of residency to act as a creditor against ABLE account funds when a beneficiary dies
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Act would take effect immediately upon passage
Legislative Description
Exempts individual retirement accounts as a countable resource for public assistance. This act also prohibits the state as a creditor against an ABLE account in the event of death of a beneficiary.
Human Services
Last Action
Introduced, referred to Senate Finance
1/16/2026