The proposed bill, known as the Rhode Island Towing Industry Modernization and Regulatory Equity Act, aims to modernize the regulatory framework governing tow truck operators in Rhode Island. It establishes mandatory licensing standards and creates the Rhode Island towing advisory board. The advisory board will consist of six members, including two representatives from the Rhode Island public towing association, one representative from the division of public utilities and carriers, one representative from the department of transportation, one representative from the Rhode Island state police who will serve as chairperson, and one public member appointed by the governor.

The board's responsibilities will include providing advice and recommendations to the division of public utilities and carriers (DPUC) regarding tariff rate approvals, licensing standards, enforcement policies, training, safety, tooling and technology standards, and other matters as requested by the DPUC. Additionally, the board will assist the DPUC in providing transparency and information to the public regarding licensed tow operations and authorized tariff rates.

Key provisions of the bill include a requirement for tow operators to possess a certificate of public convenience issued by the DPUC and to meet specific training standards, including a minimum of eight hours of annual continuing education. The DPUC is mandated to consult with the advisory board when establishing rules and regulations related to tariff rates and licensing standards. The act is set to take effect on January 1, 2027.