H.R. 7409 · 117th Congress
TRUST for Puerto Rico Act of 2022
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
TorresSponsor13 cosponsors · 12 D, 1 R
D
Grijalva
JG
R
González-Colón
DS
D
Soto
NV
D
Velázquez
CC
D
Crist
AE
D
Espaillat
GM
D
Meng
CG
D
García
TS
D
Suozzi
KP
D
Porter
AO
D
Ocasio-Cortez
JM
D
McGovern
BB
D
Boyle4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Territorial Relief Under Sustainable Transitions for Puerto Rico Act of 2022 or the TRUST for Puerto Rico Act of 2022
What it does: CRS summary · Introduced in House · Apr 5, 2022
Territorial Relief Under Sustainable Transitions for Puerto Rico Act of 2022 or the TRUST for Puerto Rico Act of 2022
This bill modifies the conditions for the termination of the oversight board for Puerto Rico.
Specifically, the oversight board must terminate not later than 90 days after certification by the board for at least two consecutive fiscal years that (1) the territorial government has developed its budgets in accordance with modified accrual accounting standards; and (2) the expenditures made by the territorial government during each fiscal year did not exceed its revenues, as determined in accordance with such standards and without regard to whether the applicable budget provides for the payment of debt service.
The bill also sets forth provisions regarding the transition of oversight from an oversight board to a territorial government.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: TRUST for Puerto Rico Act of 2022
Also known as: Territorial Relief Under Sustainable Transitions for Puerto Rico Act of 2022
Latest action (Nov 1, 2022): Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Policy area: Government Operations and Politics · Origin: House · Introduced: Apr 5, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.