On June 4, 2026, Rhode Island lawmakers unveiled a comprehensive antitrust and trade regulation bill aimed at promoting fair competition and protecting consumers in the state. The bill, titled the Rhode Island Competition and Consumer Protection Act, addresses a wide range of issues related to monopolies, anti-competitive practices, and consumer rights.One of the key provisions of the bill is the establishment of a new state-level antitrust enforcement agency, which would have the authority to investigate and take action against companies engaged in anti-competitive behavior. The agency would also have the power to review proposed mergers and acquisitions to ensure they do not harm competition in the marketplace.In addition to the new enforcement agency, the bill includes measures to protect consumers from unfair business practices. This includes provisions to increase transparency and accountability for businesses that collect and use consumer data, as well as new regulations on pricing and advertising practices.Lawmakers and consumer advocates have praised the bill as a much-needed update to Rhode Island's antitrust and trade regulation laws, which have not been significantly updated in decades. They argue that the new regulations will help level the playing field for small businesses and ensure that consumers are protected from monopolistic practices.However, the bill has also faced criticism from some business groups, who argue that the new regulations are overly burdensome and could stifle innovation and competition in the state. They have called for revisions to the bill to address their concerns and ensure that Rhode Island remains a welcoming environment for businesses of all sizes.The Rhode Island Competition and Consumer Protection Act is expected to be the subject of intense debate and negotiations in the coming weeks as lawmakers work to finalize the bill and bring it to a vote. If passed, the new regulations could have a significant impact on the state's economy and business landscape for years to come.