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On September 23, 2025, Rhode Island introduced a revised commercial law regulation aimed at promoting fair competition among businesses in the state. The new regulation, which was approved by the state legislature earlier this month, is set to take effect on January 1, 2026.One of the key provisions of the revised regulation is the prohibition of anti-competitive practices that stifle competition in the marketplace. Under the new law, businesses are prohibited from engaging in practices such as price fixing, bid rigging, and market allocation, which are deemed to be detrimental to fair competition.Additionally, the revised regulation includes measures to prevent monopolistic behavior by businesses. The law sets forth clear guidelines for determining when a business has obtained a dominant market position and outlines the steps that must be taken to ensure that such businesses do not abuse their market power.In a statement regarding the new regulation, Rhode Island Governor praised the law as a necessary step to level the playing field for businesses in the state. "Fair competition is essential for a vibrant and healthy economy," the Governor said. "This revised regulation is a testament to our commitment to promoting a business environment where all companies have an equal opportunity to succeed."The revised regulation has been well-received by business owners and industry experts in Rhode Island. Many believe that the new law will help create a more competitive marketplace, leading to lower prices, better products and services, and increased innovation.Overall, the introduction of the revised commercial law regulation in Rhode Island represents a significant step towards ensuring fair competition among businesses in the state. With its focus on preventing anti-competitive behavior and promoting a level playing field for all businesses, the new regulation is poised to have a positive impact on the state's economy in the years to come.