US EditionHouse passes bill to eliminate investment cap requested by FM
Summary by rhodeislandcurrent.com
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House passes bill to eliminate investment cap requested by FM
The Rhode Island House voted 71-0 Tuesday, May 27, 2025, to approve a bill repealing caps on alternative investments for local insurance companies. (Screenshot/Capitol TV)A state policy change aimed at helping Johnston insurance company FM expand its investments, and potentially, its employment in Rhode Island, sailed through the Rhode Island House of Representatives Tuesday. The 71-0 vote came without discussion, following a strong backing by R…
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