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Sponsors seek to tie judgment interest to Treasury yields, lower Rhode Island’s flat 12% rate
Summary
House Bill 5179 would replace Rhode Island’s flat 12% pre- and post-judgment interest with a variable rate tied to Treasury yields, sponsors and insurers said, to align the state with other jurisdictions and reduce incentive to delay cases; plaintiff-side advocates said lower rates would harm injured plaintiffs who face high borrowing costs while
House Bill 5179 would change how courts calculate pre‑judgment and post‑judgment interest in civil cases by tying the rate to a market benchmark (average accepted auction prices for the last 52‑week U.S. Treasury bills), rather than a fixed 12 percent. Representative Finkelman introduced the bill and testified that Rhode Island is one of a small number of states that still uses a high flat rate.
Jonathan Schreiber of the American…
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