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H.R. 6827 · 115th Congress

United States Territorial Relief Act of 2018

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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

NVD VelázquezSponsor
19 cosponsors · 19 D

This bill establishes a process under which Puerto Rico and other U.S. territories may terminate certain debts if they meet eligibility criteria.

What it does: CRS summary · Introduced in House · Sep 13, 2018

United States Territorial Relief Act of 2018

This bill establishes a process under which Puerto Rico and other U.S. territories may terminate certain debts if they meet eligibility criteria.

The bill allows territories to terminate their public, unsecured debt if they meet two of three criteria:

  • the population of the territory has decreased by more than 5% over 10 years,
  • the territory received major federal disaster assistance, and
  • the territory's per capita debt exceeds $15,000.

The bill also provides funding that a special master must allocate to certain creditors whose debts were discharged under this bill.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: United States Territorial Relief Act of 2018

Latest action (Sep 24, 2018): Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs.

Policy area: Government Operations and Politics · Origin: House · Introduced: Sep 13, 2018

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.