H.R. 1192 · 117th Congress
Puerto Rico Recovery Accuracy in Disclosures Act of 2021
Law · 117-82 · Jan 20, 2022Key: what the circles and colors mean
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8 cosponsors · 6 D, 2 R
6 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Feb 22, 2021
- House Passed Feb 24, 2021 429–0
- Senate Passed Dec 18, 2021
- House Changes resolved Jan 19, 2022
- President To the President Jan 19, 2022
- President Signed Jan 20, 2022
- Law Jan 20, 2022
Puerto Rico Recovery Accuracy in Disclosures Act of 2021 or PRRADA
What it does: CRS summary · Public Law · Jan 20, 2022
Puerto Rico Recovery Accuracy in Disclosures Act of 2021 or PRRADA
This bill requires professionals employed in debt adjustment cases involving Puerto Rico to file verified statements disclosing their connections with interested parties before seeking compensation for their services.
The Financial Oversight and Management Board for Puerto Rico must establish a list of such interested parties, which shall include the debtor, creditors, any attorney or accountant of the debtor or creditors, persons employed by the U.S. Trustee Program, persons employed by the board, and any other interested party.
Compensation may be denied to such a professional if these disclosures are not filed, are inadequate, or if the professional is found to have certain conflicts of interest.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
Votes to become law
About this bill and sources
Official title: PRRADA
Latest action (Jan 20, 2022): Became Public Law No: 117-82.
Policy area: Law · Origin: House · Introduced: Feb 22, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML) · Embed in your story
- House Introduced Feb 22, 2021
- House Passed Feb 24, 2021 429–0
- Senate Passed Dec 18, 2021
- House Changes resolved Jan 19, 2022
- President To the President Jan 19, 2022
- President Signed Jan 20, 2022
- Law Jan 20, 2022
Final vote · House · Feb 24, 2021
Passage (two-thirds required) — Passed. Vote details
Speaker of the House: Nancy Pelosi