United States Territorial Relief Act of 2018

3.0.0 6827 2023-01-11T13:41:32Z 2023-01-11T13:41:32Z House HR 2018-09-13 115 [Congressional Record Volume 164, Number 153 (Thursday, September 13, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. VELAZQUEZ:H.R. 6827.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3The Congress shall have Power * * * To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes.[Page H8727]]]> hsii00 Natural Resources Committee House Standing hsii24 Indian and Insular Affairs Subcommittee Referred to 2018-09-24T19:22:29Z Referred to 2018-09-13T14:06:05Z hsbu00 Budget Committee House Standing Referred to 2018-09-13T14:06:15Z hsju00 Judiciary Committee House Standing Referred to 2018-09-13T14:06:10Z United States Territorial Relief Act of 2018 115 3262 S 2018-07-25 Read twice and referred to the Committee on Energy and Natural Resources. Related bill CRS 2018-09-24 hsii24 Indian and Insular Affairs Subcommittee 1 House committee actions Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs. Committee 2018-09-13 Referred to the Committee on Natural Resources, and in addition to the Committees on the Judiciary, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2018-09-13 Referred to the Committee on Natural Resources, and in addition to the Committees on the Judiciary, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2018-09-13 Referred to the Committee on Natural Resources, and in addition to the Committees on the Judiciary, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsii00 Natural Resources Committee 2018-09-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-09-13 Introduced in House IntroReferral 1000 9 Library of Congress V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 N C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 2018-09-13 True C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2018-09-13 True D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2018-09-13 True E000297 Rep. Espaillat, Adriano [D-NY-13] Adriano Espaillat D NY 13 2018-09-13 True G000574 Rep. Gallego, Ruben [D-AZ-7] Ruben Gallego D AZ 7 2018-09-13 True G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2018-09-13 True G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2018-09-13 True J000298 Rep. Jayapal, Pramila [D-WA-7] Pramila Jayapal D WA 7 2018-09-13 True J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2018-09-13 True K000389 Rep. Khanna, Ro [D-CA-17] Ro Khanna D CA 17 2018-09-13 True M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2018-09-13 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2018-09-13 True S000248 Rep. Serrano, Jose E. [D-NY-15] JOSE SERRANO D NY E. 15 2018-09-13 True S001165 Rep. Sires, Albio [D-NJ-8] Albio Sires D NJ 8 2018-09-13 True S001200 Rep. Soto, Darren [D-FL-9] Darren Soto D FL 9 2018-09-13 True T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2018-09-13 True W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 2018-09-13 True W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2018-09-13 True W000797 Rep. Wasserman Schultz, Debbie [D-FL-23] Debbie Wasserman Schultz D FL 23 2018-10-02 False Government Operations and Politics Accounting and auditing Appropriations Bank accounts, deposits, capital Bankruptcy Budget deficits and national debt Caribbean area Civil actions and liability Disaster relief and insurance Employee benefits and pensions Executive agency funding and structure Federal district courts Government liability Government studies and investigations Government trust funds Judicial review and appeals Jurisdiction and venue Puerto Rico Securities State and local finance U.S. territories and protectorates Government Operations and Politics

00 2018-09-13 Introduced in House 2019-09-06T19:15:29Z 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.

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United States Territorial Relief Act of 2018 Display Title United States Territorial Relief Act of 2018 Official Title as Introduced To provide the option of discharging certain unsecured financial obligations of self-governing territories of the United States. Introduced in House IH Short Titles as Introduced United States Territorial Relief Act of 2018 Introduced in House 2018-09-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr6827ih/xml/BILLS-115hr6827ih.xml 2018-09-24 Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.